Tony C. McKim, born in 1965, is the President and CEO of First Bancorp, Inc. He has been with the company since January 2005 after the merger with FNB Bankshares, where he was the CEO. He graduated from the University...

Tony C. McKim, born in 1965, is the President and CEO of First Bancorp, Inc. He has been with the company since January 2005 after the merger with FNB Bankshares, where he was the CEO. He graduated from the University of Maine in Orono and has spent over two decades in banking management. Under his leadership, the company has focused on improving performance metrics like net income and return on equity, making strategic decisions based on solid financial practices. In 2023, he reported a total compensation of $365,000, comprising salary, performance bonuses, and contributions to retirement and health benefits. Notably, he actively engages in local organizations, showing a commitment to community involvement alongside banking. His insider trading activities demonstrate ongoing investment and confidence in the company's future, with substantial shareholding values reported around $3 million in recent years. McKim’s approach is straightforward and aimed at long-term stability and growth.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First Bancorp CEOs

F

Tony C. McKim

Ex-CEO of First Bancorp

Education

University of Maine in Orono

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1965 - 60 years ago

CEO of First Bancorp for

8 years 3 months (Jan 2015 - Apr 2023)

Previous Experience

Joined the Company as Executive Vice President, Chief Operating Officer in 2005; previously President and CEO of FNB Bankshares.

Rivals

Competitors/colleagues of Tony C. McKim

Holdings

See how much did Tony C. McKim make over time.

Tony McKim has shown significant commitment to First Bancorp, maintaining substantial holdings. His insider trading activity reflects confidence in the company's future, often reaching values above $3 million. In 2021, his holdings peaked at around $3.23 million, showcasing a strong...

Tony McKim has shown significant commitment to First Bancorp, maintaining substantial holdings. His insider trading activity reflects confidence in the company's future, often reaching values above $3 million. In 2021, his holdings peaked at around $3.23 million, showcasing a strong investment presence. The values of his holdings have fluctuated, but they consistently represent a significant portion of his wealth. He remains a key figure in the bank's strategy, driving performance metrics that directly influence shareholder confidence. The trading activity suggests that he is aligned with shareholders, reinforcing the company's goals and objectives through personal investment. His consistent share ownership reflects a long-term vision for both himself and the institution he leads.

Total Stock Sold

$202.96K

FNLC

$202.96K

7,216 FNLC shares

What if they kept their stock?

If Tony C. McKim didn't sell their stock, today they would have:
Extra FNLC7,216 shares worth $153.77K.
This is -24.24% and $49.19K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Tony C. McKim.

FNLC

9,366 shares

FNLC

Jan 30, 2025

Received

FNLC

8,868 shares

FNLC

Jan 30, 2024

Received

FNLC

6,861 shares

FNLC

Jan 26, 2023

Received

FNLC

5,597 shares

FNLC

Jan 27, 2022

Received

FNLC

8,573 shares

FNLC

Jan 28, 2021

Received

FNLC

1,500 shares

FNLC

Jul 30, 2020

Received

FNLC

$39.18K

FNLC at $19.59/share

May 20, 2020

Purchase

FNLC

5,544 shares

FNLC

Jan 29, 2020

Received

FNLC

$204.04K

FNLC at $28.28/share

Nov 15, 2019

Sale

FNLC

5,025 shares

FNLC

Feb 1, 2019

Received

Compensation History

See how much did Tony C. McKim make over time.

In 2023, Tony C. McKim reported total compensation of $365,000, which includes a $300,000 salary, a $50,000 performance-based bonus, and $20,000 in other benefits. His bonus is linked to key performance indicators like net income, showing that pay is closely tied to company success. He received vested stock worth $25,000, which reflects the responsible long-term incentives often present in banking. Over the past years, his compensation has remained stable, indicating a consistent approach to executive pay that aligns with performance and market standards. The bank’s philosophy centers on ensuring that executive compensation is fair and reflects the success of the company. This compensation framework is meant to retain skilled leaders while pushing for continued performance improvement.

Year

2023

Total Compensation

$395.00K

Salary

$300.00K

Board Justification

The compensation philosophy aims to align CEO compensation with company performance, peer benchmarking, and retention strategies to ensure long-term success.

Bonus

$50.00K

Board Justification

The bonus is based on the company's performance metrics including net income and return on equity for the fiscal year 2023.

Other

$20.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2023.

Restricted Stock

$25.00K(1K RSU)

Board Justification

The vested stock consists of RSUs that were granted in previous years and vested in 2023.

Performance Metrics

Performance metrics include financial targets such as earnings per share growth and operational efficiency.

Other First Bancorp CEOs

Here are other CEOs of First Bancorp

Daniel R. Daigneault

Ex-CEO of First Bancorp

March 1994 - January 2015

Bruce Tindal

CEO of First Bancorp

April 2023 - Present