Meditation services – AD Roberts Tue, 09 Nov 2021 08:32:17 +0000 en-US hourly 1 Meditation services – AD Roberts 32 32 Instant Loans With Same Day Approval Online- Payday Loan’s Better Alternative Tue, 09 Nov 2021 07:27:33 +0000

Who needs a same-day loan? Anyone in a fix who needs the fastest available cash they can get their hands on needs one. If you are such a person, a same-day loan with guaranteed no credit checks might be the best financial advice for you.

Same-day loans online have become one of the fastest-growing financial instruments. However, it is still a huge financial risk for lenders and borrowers alike. Lenders carry the bigger risk because they issue these loans with no credit checks and disburse the loans in the fastest route possible. And because of the extent of risk, the number of credible lenders for same-day loans is few — but not zero.

The entire process to acquire an online same-day loan is as seamless as could be. However, some stringent criteria must be met in most cases without which your loan may not be approved.

In some other cases, you may not be able to access approved funds until you meet all of their criteria. This may usually be the case if you want to receive your loan that same day. If it does not work out instantly, you may have to wait till the following day.

There is a catch, though — some same-day loans can be quite expensive. So, to be on the safe side, try to ensure you can comfortably repay any loan you receive on its due time. To do this correctly, try to know the entire cost of any loan you take.

And best of all, same-day loans have no prejudice against your credit report. If you have been unfortunate to have some loopholes in your credit statement, this no credit check feature offers you some redemption.

Never again do you have to submit your credit statement for scrutiny. If you are on the negative side of your credit score and unable to qualify for contemporary loans, a no credit check loan offers you a way out.

List of Best Instant Loans For Bad Credit Online [Review]

We have curated a list of the best same-day loans that link you to several lenders in the lending space. Any of these lenders may perform a little credit scrutiny that does not in any way determine the approval of your loan request.

In other words, as soon as you make any loan request, the algorithm immediately sends your request to several lenders they work with. If you are successful, you will receive several offers in a few minutes upon making your request.

All in all, the entire process of getting a loan offer depends on the lender. For some lenders, a little credit check is a prerequisite for applying for their loans. However, your credit score does not hinder your possibility of getting a loan.

You will most likely have several lenders already itching to give you your loan once you make a request. Some other lenders go right ahead and approve your request without a glimpse of your credit statement.

Below, we have organized our top same-day loans that are as trustworthy as they are efficient. Whether you require big or small loans, they serve to the best of standards. Some of these lending systems offer some added benefits, such as the possibility of applying for competitive dividend rates, low margin fees, a pre-qualifier, and the possibility of using a cosigner.

#1. MoneyMutual


MoneyMutual, as the name suggests, is your mutual friend in most financial hurdles. It is a virtual finance space for money lenders. Credible statistics show that about one in four Americans cannot afford to produce $400 for any emergency. In this bleak financial atmosphere, MoneyMutual assists you with very minimal requirements.

This platform connects you to several credible money lenders in the shortest time possible. To get started on your loan request, a simple form is provided on the site that must be filled. And, it takes no more than five minutes to fill in the entire form.

After you have filled in the form, the site connects you to several lenders capable of providing you with monetary assistance at your command. Thus, in a few minutes, if you make your decision, you could have your loan transferred to your account in less than 24 hours.

This platform is probably one of the most trusted online lenders. More than two million people have tried this platform with incredible testimonies. In the space of 24 hours, a short-term loan to the tune of $5000 can be granted to customers with no care for their credit score.

However, this platform allows only customers that are above 18 years with an active bank account. You must also produce evidence of your employment status with an income of no less than $800 a month.


  • Online space for credible money lenders
  • Instant loans up to $5000
  • Provides loans in no more than 24 hours
  • It takes only five minutes to fill in the online form
  • Approved by up to two million customers


  • Inaccessible to people in New York and Connecticut

⇒Visit the Official Website of MoneyMutual for More Information

#2. Bad Credit Loans


If your credit statement is nothing to write home about, Bad Credit Loans offers you a loan through its several lenders nonetheless. The name correctly depicts what this platform is all about, providing the last hope for people with terrible credit scores. Even customers who may have been recently bankrupt can benefit from this platform.

Despite every wonderful feature this site boasts of, it is still totally free for customers. The platform has a ‘How It Works’ page that directs users on how to properly enjoy the benefit of any financial assistance they receive from lenders. The entire process from loan request to funding takes no more than five minutes.

First of all, there is a simple form that has to be filled in by customers. Your information from this form is then sent to potential lenders, with your permission of course. Several lenders interested in offering you your loan then indicate their interest from which you can then make your choice. Before accepting any loan, endeavor to learn everything about the loan.

If for some reason, you are unable to get a loan from lenders on the site, Bad Credit Loans also provides some additional services. They can link you up with offers for credit repair, debt relief, and so on. Under no circumstance are you compulsorily expected to accept any of these offers?


  • Provides loans up to $10,000
  • The savior of people with bad credit from as far back as 1998
  • Links you up with credible money lenders
  • Easy to fill forms and instant funding of the account
  • Receive loans in as little as 24 hours


  • The application process requires a lot of personal information

⇒Visit the Official Website of Bad Credit Loans for More Information



The platform is one of the greatest names in the online money lending space. Customers of this reputable site do not have to pay any fee to make a loan request. One outstanding feature of the platform is it provides customers the possibility of getting personal loans.

What is a personal loan? A personal loan is a type of loan that affords customers the possibility of repaying their loan in installments. This means they can repay their loan amount not as an entire figure but in bits spread over a predefined time. This can protect customers from extreme financial constraints while repaying a loan.

To be eligible for a personal loan, the customer must be 18 years and above and a citizen of the United States of America. They also must be owners of a checking account with at least $1,000 of income after tax deduction. A valid home, email, and house address must be provided before access to personal loans as well.

Once you make a loan order on this platform, an opportunity exists for you to reevaluate the terms and conditions of the loan before you accept the loan. You must reevaluate any loan you want to accept to ensure its terms are things you can adhere to. Just like the loan request process, repayment of loans is just as easy.

In most cases, the lender may simply withdraw some amount of money you need from your account as soon as the loan expires. However, if there is no money in your account when your due date reaches, endeavor to notify the lender to request an extension. Several lenders will grant you an extension, and this way, your credit score is not harmed.


  • Loan requests up to $10,000
  • Receive loan within next business day
  • Loan approval in a few minutes
  • Connects you to the best money lenders


  • Must have a constant source of income of no less than $1,000 in a month

⇒Visit the Official Website of CashUSA for More Information



With, the safety of your financial information is in good hands. This platform uses state-of-the-art encryption systems to protect the privacy of their customers and lenders alike. In addition, it is a virtual money lending space that brings in close contact the best and most reliable lenders and their potential customers.

If you need a loan, the first step to take is to fill in their form. This form is easy to fill and straightforward. After this form has been filled, your information is then sent to several lenders they partner with — even third-party partners.

These lenders can send offers to customers in a matter of minutes. If you approve of any loan offer, it is sent to you immediately and within 24 hours of the request.

This platform is free for customers, although you must be above 18 years to use it.  Customers must also possess a valid credit account and social security number.

Customers must have no recent bankruptcy to qualify for loans, and their accounts should not be more than 60 days late. There should also be no recent debts that the current income of the individual cannot pay. They will also check to see if there are serial patterns of late payments and no newly charged-off accounts.


  • Instant loans from as little as $500 to as much as $35,000
  • Accessible in every state of the U.S.
  • Quick approval and quick provision of funds
  • Loans obtained can be used for myriads of reasons
  • No credit check loans


  • Restrictive eligibility requirements

⇒Visit the Official Website of PersonalLoans for More Information



Most often than not, many of us will find ourselves in one financial dilemma or another. It becomes a bigger problem when you cannot navigate your way through this dilemma because of a prior financial mishap, like a bad credit score.

If you have a poor credit score, getting a loan through conventional means may just be near impossible. So, what are your chances of getting a loan? With, you have a platform that caters specifically to the financial needs of people with a poor credit statement.

If you are currently on the wrong side of your credit score, all hope is not lost. A bad credit loan can boost your credit score easily. How does this happen?

If you can repay your loans every month, taking a poor credit loan can significantly upgrade your credit status. This is because it can add positively to your payment history. It can also make your credit history versatile, and this can contribute positively to your score.

With that being said, this platform promotes the seamless provision of loans for customers. It is safe, and the entire process from request to loan rewarding can be concluded in less than one business day.


  • Can get immediate loans from $250-$5000
  • Links you up with credible money lenders
  • Provides loan in as soon as 24 hours
  • Fill the online form in short time
  • Offers no credit check loans


  • Requires borrowers to have a bank account

⇒Visit the Official Website of CreditLoan for More Information

Is It Possible to Get a No Credit Check Loan Online?

Until recently, the answer to this question would have been no. Financial establishments always try to minimize their risk in any venture, and this includes lending money. They organize detailed scrutiny of any credit account before loaning money. They look through the credit history of anyone seeking a loan in their establishment to find if they have a good credit score. However, with the advent of online money lending platforms, many platforms now issue loans without a credit check.

These platforms work with several lenders that are more than willing to provide loans to individuals without a credit check. A little credit check is often organized in some of these platforms when you make a loan request. However, your application would be sent to several lenders, so your credit status does not deter you from receiving a loan.

The process of getting a loan online is easy, and it often starts with filling in a short form. This form is then sent to several lenders partnering with the platform through the help of automated underwriting software.

In the space of a few minutes, several lenders are willing to provide you with a loan offer. All that is required of you is to carefully go through each of these offers to ensure you can afford to repay when your loan expires.

As soon as you select a loan offer that is satisfactory, the platform will direct you to the lender’s website. On the lender’s website, you will be directed to fill in some documents and complete your agreement for the loan. If the lender requires a credit check, it will be done at this juncture. It is an automatic process; therefore, it can be done at any time of the day.

Once you complete this process, the platform will review your request in the daytime. When it has finished reviewing your online application, it will start a money transfer procedure that will have your requested loan in your account. This entire process can be completed within 24 hours.

An online money lending platform can promote the visibility of your business by boosting competition among lenders. When several lenders compete to provide you with loans, they can present you with competitive interest rates.

They may also offer more favorable loan conditions and four weekly payments. This competition can also make lenders ready and willing to provide you with a loan with no care to your credit score. Even if your account is subjected to a credit check, chances are you will be provided a loan nonetheless.

Another advantage is you will be provided with a personal loan. A personal loan is much more favorable because you can dispense it as you please. This is unlike a car loan or a secure loan that dictates the way you dispense the loan.

A personal loan is also known as a signature loan, and this loan can be paid in installments. However, most personal loans are no credit check loans and therefore expect repayment in a few weeks.

Can You Obtain a Loan on the Very Day You Applied?

Many online money lending platforms are adept at providing customers with requested loans in the shortest time possible. Once you make your request, you are qualified within a few minutes and approved for loan reception when you are finished with your online forms.

After you have been approved, the lender sends your money to your bank account linked to the platform. This money may take less than or up to a day to get into your account. Some money lenders provide customers with the option of wire transfer, in which your money can get to your account in a few minutes. This, however, goes for a small fee.

If you want your money sent to you instantly, you may consider going for money lenders that can process your loan in real-time — that is, cash in person.

Still, on instant loans, you may consider checking up some local banks and credit unions where you bank with. They can process and send you your applied loan instantly. However, since you bank with them, you are less likely to be a recipient of their loan if you have a terrible credit statement.

Another exemption is a Payday Alternative Loan (PAL). With this loan, a customer is exempted from exorbitant interest rates unique to payday loans. They can also provide loans to individuals who do not have good credit scores. A payday alternative loan also allows a long duration for loan repayment, about six months.

What Are the Necessary Requirements to Obtain a Loan? 

The requirements for a loan often depend on the type of loan you are requesting. For instance, a car loan will request you to provide information about the car you want to buy. A business loan demands you to provide pertinent information about your business, and a mortgage requires you to provide information about the home.

However, there are some requirements that every money lender demands you to provide while applying for a loan with them. Some of this information includes:

  • Name of the customer
  • Customer’s home address, mail address, and mobile number
  • Evidence of your United States citizenship or permanent residency
  • Collateral for people who want a secure loan
  • History of your employment
  • Evidence of your income status and level
  • Social security number
  • Government-issued identification, such as a driver’s license, passport, social security card, or state security card

How Can You Use an Online Loan?

With a personal loan, you are free to use it as you please and for whatever reason. However, this level of freedom cannot be obtained with other types of loans. For example, with an auto loan, you can only buy a car with your loan. Likewise, a business loan allows you only to fund your business, and with your student loan, only your studies can be funded.

Most online money lenders will demand some information about your intent for the loan you are borrowing. Your answer, however, may not influence you are being approved for the loan but may be used to check how responsible you are.

If your bank credit shows several negative statements, you are less likely to receive a loan to buy a car or take a vacation. Taking a loan to go for a vacation when your credit score is in the lower range shows some substantial lack of financial prudence, and most money lenders will be adamant about granting you a loan.

What Is the Fastest Reason to Get a Loan Approved For?

With several factors brought to play, a payday loan is the simplest loan you can become eligible for. When you get approval for this loan, the money will be sent directly to your account, and you will be expected to repay the loan with interest in about 15 days or at your next payday.

Even though this loan is quite easy to get, there are some better loan options available to you, especially for people with a low credit score. A payday loan comes with exorbitant interest rates, probably explainable by how easy it is to obtain.

It serves as interim cash before your next paycheck, so you will have to repay the loan in about 15 to 30 days. If you are unable to repay the loan when the check expires, your interest rate dramatically increases. That is why many lenders advise you to use a payday loan only as a last line of help.

This type of loan is popular among customers because many of them presume their poor credit history will be a deterrent to them receiving the more favorable loans. Well, if you have been following our discussion, you will already know this is not true.

As a matter of fact, there are money lenders that cater only to customers with a bad credit score. With this type of loan, several lenders will come up with good loan offers to compete with other lenders for your business.

This type of loan is beneficial because they are easy to obtain. At one time, loans like this were impossible to get for businesses and individuals with a bad credit score. Now, these businesses can thrive, all thanks to bad credit loans.

Where and How Can I Source a Loan Fast with Bad Credit?

If you are in search of a loan, you can obtain it instantly without the scrutiny of a credit check with a local moneylender. These local institutions can provide you with the needed loan instantly and in person.

Another option is an online money lending platform, but you may have to go through a credit check for this. It will also take about 24 hours for the money to settle in your bank account.

You may also consider going with a secured loan. This loan demands you submit collateral that can be used in the event of your non-repayment of the loan. Since they demand you submit collateral, they may forego a credit check on your account.

Some of the types of secured loans include:

This type of loan does not require a credit check. Rather, they demand you forfeit a valuable item of yours that would be kept in their care for the duration of your loan.

This item would be something of equal or more value than the loan. If you are unable to meet up with the loan repayment at a certain time, often 30 days, then the item will be sold and used to get the money.

This type of loan makes use of your next paycheck to secure payment for your loan. Therefore, it is also called a cash advance loan. If you do not repay the loan in due time, your salary will be taken and used as repayment.

A title loan uses the title of your automobile as collateral for the loan. If you do not repay the loan when due, your car will be taken and sold to repay the loan. This way, you lose even the installments you have been making as repayment for the loan. However, this form of loan does not demand a credit check, and it can be provided to you instantly. However, bear in mind this loan also comes with a very high interest rate.

This loan can make use of the equity in your mortgage loan as collateral for the loan. This way, you gain access to this loan through finance in your mortgage.

Secure loans are easy to obtain, especially as they do not demand a credit check. However, they come with exorbitant interest rates. They also demand some form of collateral that may be used in the event of non-repayment of loans. Consider all of these before making your choice.

What Factors Should Influence My Choice of an Instant Loan?

Right before you dive into the request for a payday loan, there are some things you should consider. First of all, you need to be very certain you can repay the loan within the short interval often demanded. Defaulting to pay this may throw you into a financial nightmare.

Typically, this type of loan requires you to repay within two to four weeks of reception. Conventionally, they come with a stupendously high interest rate that should make any right-thinking person wary of them.

However, your troubles will be far from over if, for some reason, you are unable to repay the loan within the specified time. If you are unable to pay it off, your interest rate will continue to rise geometrically to insane values.

Your credit score is also at stake with this type of loan. If you continue to default in your repayment of this loan, the payday lenders can report you to the cardinal credit bureaus. The result of this is that your credit score will be reduced.

Here are some figures: for every $100 you borrow from a payday lender, you attract $15 of interest. For example, if you borrow $500, you will have to pay back $545 in a few weeks. If you cannot meet up, your debt interest will be further increased in subsequent months. Some individuals have accrued as much as $60,000 for a loan of $3,000.

Conclusion: Is Same Day Loans Online a Good Bet?

Since the invention of online money lending platforms, getting loans has become a lot easier for businesses and individuals. Long gone are the usual hassles and paperwork to get a loan. Now, you can obtain much-needed cash from the comfort of your living quarters.

For people who could not obtain a loan because of a poor credit score, that too is in the past. Consumers can easily get a loan despite a poor credit score, as several lenders are willing to provide this.

Most online lending platforms run a little credit check on your account, but the result of this does not affect your chances of obtaining a loan. Through this medium, you will even gain access to several loan offers from different lenders willing to compete in their offer to you.

Therefore, if you could just subject your account to a very harmless credit check, you stand to gain better loans and at excellent rates than the conventional local banks around you. The online money lending platforms we have reviewed above are able and willing to provide you with loans without demanding credit scrutiny of your account. However, you stand to obtain better loan terms and interest rates if you allow them to run a harmless credit check on your profile.

These money lending services work with some of the most trustworthy lenders in the American financial space. As a result, you can receive several offers from various money lenders from just a single request.

In this swift process, you could also garner for your business some much-needed attention in the way of a boost in the competition that could be good for your business. This competition may make way for reduced interest rates on your loans and grant you the grace of making four weekly payments for your loan.

When you select the loan you want to obtain, you will be directed to the lender’s portal, where the application form for the loan will have to be filled out. Each lender has its unique set of rules that must be adhered to by any prospective customer. Nevertheless, these rules are rarely stringent, and your loan will be sent to your account immediately after you complete the application process.

In summary, a bad credit score is no deterrent to getting that loan you require. One thing a bad credit loan can do for you is it may boost your credit score. After you obtain the loan and begin to make installments, these continuous and timely monthly payments can elevate your credit score. Therefore, you need not fear the little credit check that may be done on your profile.

So, if you have a bad credit score and you need that loan, why not go ahead and apply for that loan? You stand a good chance of obtaining the loan and the possibility of boosting your credit score. Many of these lenders make it easy for their customers to repay their loans through monthly payment plans if they are happy with the interest rate and agree to the terms & conditions.

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2021’s Best No Credit Check Loans For Bad Credit: Top Lenders For Instant Payday Loans Online & Loan Places Near Me Tue, 09 Nov 2021 07:16:00 +0000

There’s no hidden meaning behind the phrase “no-credit-check loans” – that’s exactly what they are. The majority of loans include a credit check, for which loan lenders look at your credit history to see past debts and defaulted payments, in order to determine the approval status of your loan and also to establish the loan’s interest rate.

Getting approved for no-credit-check loans, however, only requires you to demonstrate a capacity to repay the loan. For example, pay stubs or bank account statements can show lenders how much you earn and, thus, how much you can afford to repay on a loan.

There are a million reasons you might need extra cash – from covering an urgent and unplanned expense to paying for a car to get you to and from work – and it might feel like you don’t stand a chance at qualifying for a personal loan unless you turn to aggressive payday lenders.

For most people, there are numerous other options available; and, although a poor credit score and inconsistent credit history can limit personal loan choices, even individuals with bad credit can usually find an alternative lender.

There are countless loan providers who specialize in loans for bad credit and, depending on the amount of money you need, you might be able to find a loan with one of them. The biggest question for most people with bad credit isn’t about finding a loan, it’s simply about which loan option is the right one for them.

That’s why we put together this list of trustworthy and affordable lenders.

Top 5 Picks For No Credit/Bad Credit Loans 2021 [Reviews]

  1. MoneyMutual: Overall Top Recommended For Loans With No Credit Check
  2. BadCreditLoans: Emergency Bad Credit Payday Loans
  3. CashUSA: Guaranteed Loans with No Credit Check
  4. Quick Personal Loans With Bad Credit
  5. CreditLoan: Get Fast Online Loans For Bad Credit

#1. MoneyMutual – Overall Top Recommended For Loans With No Credit Check

  • Submit a quick and easy application on their secure website.
  • Request help from more than 60 available lenders.
  • Get funds transferred directly into your bank account in as little as 24 hours.
  • Join more than 2 million people who have trusted this loan referral service.

MoneyMutual is an online marketplace that connects qualified applicants with quick-acting lenders who are in a position to offer borrowers fast loans.

MoneyMutual’s reputation and popularity have become so well-known thanks to their series of tv commercials with celebrity spokesperson Montel Williams, who promises they are a trustworthy and reliable source for anyone who needs to find short-term installment loans without the hassle of traditional lenders.

MoneyMutual’s loan network was created to resolve the financial anxiety of Americans, and they were initially motivated to act upon finding out that nearly 4 in 10 people would not be able to come up with even $400 in the event of an emergency. Since their inception, MoneyMutual has worked with over 2 million people who needed quick funding to cover an unexpected expense and other personal goals.

Even for individuals with bad credit, the process for finding a loan lender is simple and straightforward with MoneyMutual. Submitting one simple, free, and secure online form is all you need to do in order to start getting connected with loan lenders. Approved borrowers generally get a loan between $250 and $2,500, but each individual’s qualifications determine the maximum loan amount. After reviewing your application, lenders who are willing to work with you will reach out with their loan offers.

In theory, this marketplace should create a level of competition that offers consumers better rates from loan lenders, but in actuality it has been well-established that MoneyMutual intentionally matches consumers with major credit bureaus and international companies which charge illegally high interest rates. However, for people with bad credit or no credit, the alternatives to this kind of lender may be few and far between.


  • The website is easy to navigate and use.
  • Borrowers are matched with loan lenders.
  • Use of the platform is free for consumers.
  • No-credit-check loan application in just 5 minutes.


  • Predatory interest rates are alleged in numerous lawsuits.
  • Loan terms and conditions vary by lender.
  • Customer service availability varies by lender.

Customer Experience

Consumers regularly complain about some lenders’ high interest rates, but this is not a complaint about MoneyMutual’s service itself. As far as MoneyMutual-specific issues are concerned, some users report problems with bank accounts, payday loans, and fine print language.

=> Click here to get more information about MoneyMutual

#2. BadCreditLoans – Emergency Bad Credit Payday Loans

  • Submit your free loan application to connect with lenders.
  • Apply for loans valuing up to $10,000.
  • Take advantage of 24/7 service that offers privacy and security.
  • Put your trust in a company that is dedicated to lending responsibly.

BadCreditLoans is not an actual lender – rather it is a service that advocates for consumers and matches them with willing lenders who are able to make no-obligation offers.

BadCreditLoans analyzes the information provided in your application to help them find lenders with loans that work for your situation. The types of loans offered range from installment loans to payday loans, depending on the lender, and some lenders are only willing to work with individuals who have excellent credit scores.

In addition, BadCreditLoans can also help by saving you time that would otherwise be spent pursuing frustrating, tedious, and fruitless phone calls, internet surfing, and sales pitches. Just leave it in the hands of BadCreditLoans and let them find a loan lender for you based on the information you submit.

This platform is ideal for individuals and business owners who are interested in obtaining a loan to cover financial commitments, and who have the ability to make consistent repayments.

BadCreditLoans can connect you with lenders who offer loans between $500 and $5,000, with terms varying between 3 and 36 months, and APR between 5.99% and 35.99% – monthly payments, interest rates, etc. depend on the chosen lender.


  • The website is easy to navigate and use.
  • A single application reaches multiple loan lenders.
  • Geared toward consumers with bad credit scores.


  • Loan amounts are relatively small.
  • The Better Business Bureau rating is inadequate.
  • Application is extensive and includes providing banking details.

Customer Experience

In spite of bad credit scores, satisfied consumers have heaped praise on BadCreditLoan for their response times, quick funding, and high approval rates. However, other consumers have expressed concern over the security and privacy of their personal data.

=> Click here to get more information about BadCreditLoans

#3. CashUSA – Guaranteed Loans with No Credit Check

  • Submit your fast and free application for lenders.
  • Qualify by meeting simple requirements.
  • Apply for loans valuing up to $10,000.
  • Put your trust in a website that offers safety and security.

CashUSA is an internet-based service that matches borrowers with loan lenders. The main difference between this online loan marketplace and others is that provided loan amounts are generally on the lower end of the spectrum.

With a single, free application on the CashUSA website, you can gain access to a list of lenders who might be able and willing to approve your loan; this extensive network of multiple lenders ensures that loans are available for borrowers with any type of credit history.

People with bad credit scores or urgent needs take advantage of CashUSA’s services to get in touch with lenders who can deliver funds that are needed.

It might be easier to qualify with CashUSA’s lender network because a credit check and a high credit score are not required, but bear in mind that a consequence of this type of arrangement is that you will likely end up paying a higher interest rate than you would at a bank.

CashUSA prioritizes protecting user data and customer privacy by employing the best possible measures to prevent borrowers’ information from being compromised.


  • Available loan offers can be compared before selecting.
  • The application is free and easy to submit online.
  • Customer support is accessible and responsive.
  • Approval is quick so there’s little waiting around.
  • The network of lenders includes all 50 states.
  • Borrowers with bad credit are eligible for loans.


  • The qualification requirement of at least $1,000 monthly income may be inaccessible.
  • The maximum loan amount offered is $10,000 by some lenders.
  • High interest rates may be unsustainable for some borrowers.

Customer Experience

CashUSA does not have multiple reviews on Trustpilot; the only user who evaluated the company complained about sketchy collection practices.

CashUSA is registered with the Better Business Bureau, but its profile is lacking in details and reviews, and its failure to respond to complaints listed there has earned the company an F rating with the Better Business Bureau.

=> Click here to get more information about CashUSA

#4. – Quick Personal Loans With Bad Credit

  • Take advantage of the best service for finding personal loans.
  • Request anywhere between $1,000 and $35,000.
  • Receive your funds in as little as 24 hours.
  • Find loans with easy repayment terms.

PersonalLoans is an online service that matches borrowers with potential lenders and lending partners who are willing to make them a personal loan offer.

People who are in need of emergency funds can take advantage of this platform, which offers peer-to-peer, bank, and installment loans to consumers.

PersonalLoans’ lenders offer a wide range of terms – with loans of $500 to $35,000, varying APRs of anywhere from 5.99% to 35.99%, and repayment terms between 3 and 72 months.

The process of getting matched with a lender typically takes just a few minutes, and then you will be able to view the lender’s proposed agreement, with terms and conditions laid out. does not engage in the practice of initiating hard inquiries into your credit history – but some lenders may do so, and this could result in a temporarily lowered credit score; this penalty of a few credit score points is much less harsh, however, than defaulting on loans or bills due to lack of funds.


  • Funds are sent in as little as 1 business day.
  • The online application process is fast and simple.
  • A large lender network offers a wide range of loans.
  • Borrowers with credit scores as low as 580 can qualify.


  • The eligibility requirements for borrowers are extensive.
  • The loan applications request a lot of personal information.
  • Consumers with low credit scores or poor credit history, as well as those who have faced a recent bankruptcy or developed a pattern of late payments, may have better luck elsewhere.

Customer Experience is not accredited with the Better Business Bureau, and the company’s profile of information, reviews, and updates is inadequate.

With that being said, customers’ reviews on Trustpilot are positive, giving an overall rating of 4.2 out of 5 stars. A majority of consumers appear to be satisfied with both the speed of funding, and the quality of customer service.

=> Click here to get more information about PersonalLoans

#5. CreditLoan – Get Fast Online Loans For Bad Credit

  • Take advantage of a secure service that is fast and free.
  • Get peace of mind with TRUSTe verification.
  • Receive funds in as little as 24 hours.
  • Find smaller loans for lower amounts of funds.

Over more than 20 years in business, CreditLoan has built a large network of lenders which has helped connect more than 750,000 customers with lenders nationwide.

CreditLoans separate lending networks for consumers are based on applicants’ credit scores, ensuring that borrowers’ requests land in the hands of lenders who are willing to help.

Despite Credit Loans willingness to accept loan applications for values up to $25,000 – consumers with bad credit are restricted to loan offers of $5,000 at the most. Even if you’re in need of a smaller, short-term loan, CreditLOan has your back with offers as small as $250.

$5,000 is considerably larger than the average subprime loan, and could be beneficial for your finances, especially as compared to competitive student loan, auto loan, and personal loan interest rates.


  • Loans between $250 and $5,000 are available.
  • Approved funds are direct-deposited into your account.
  • Lenders share funds as soon as agreements are approved.
  • Bad credit is not a deterrent to eligibility.


  • High interest rates may be unsustainable for some borrowers.
  • Consumer reviews indicate some issues with the trustworthiness of this company.

Customer Experience

CreditLoan, like most online lenders, has a mix of good and bad reviews.

Most of the negative reviews seem to come from applicants who were not approved for a loan, though that hasn’t prevented CreditLoan from maintaining a relatively high rating on most review sites.

Like all loans for people with bad credit – regardless of the lending source – interest rates will be higher than they would for consumers with good credit.

All loan terms, like the APR and any fees, will be shared by the lender before you can accept the loan. Read all information carefully to discern whether the loan is right for you in your current situation.

=> Click here to get more information about CreditLoan

Considerations to Keep in Mind When Applying for No Credit Check Loans

  • How Much Money Do You Need?

Before doing anything else, you’ll need to be aware of how much money you need to cover the intended expense. Some lenders offer personal loans as small as $500, but the majority of lenders require a minimum loan value of $1,000 or even $2,000.

If you don’t need as much as $500, you might have more luck asking for a credit card cash advance, or borrowing money from family members or friends – assuming you’re in a tight spot and are unable to save up the funds in advance.

  • What Are the Terms for Repayment?

You will need to start paying back the lender within 30 days. Most lenders allow for repayment terms of 6 to 84 months, over the course of which they expect monthly installments to be paid, but the actual interest rates and payments will be determined by the length of your chosen loan.

  • What Is the Interest Rate?

The interest rate on your loan will depend on several factors: your credit score, the amount of the loan, and how long it will take you to repay it (the term). Interest rates range from 3.49% on the lower end of the spectrum, all the way up to 29.99% or more on the higher end.

The lowest interest rates are usually given to borrowers with good or excellent credit who choose the shortest repayment term possible.

  • How Long Will It Take to Repay the Loan?

When applying for a personal loan, you can choose which repayment plan works according to your income level and cash flow. Sometimes, lenders will provide an incentive for using autopay, such as lowering your APR by a quarter or even half a percentage.

Some people would rather make monthly payments that are as low as possible, so they go with options that allow them to repay their loan over the course of several months or years; other people prefer to pay off a loan as quickly as possible, so they choose a higher monthly payment.

If you choose a low monthly payment with a long repayment term, you will often face a higher interest rate. It may not be obvious at first glance – because the monthly payments are so much smaller – but over the lifetime of the loan, you will end up paying more money.

A general rule of thumb for borrowers is to limit debt obligations to a maximum of 35% to 43% of monthly take-home pay. This means, if you usually bring home $4,000 in a month, you should avoid exceeding $1,720 in mortgage, car loans, and personal loan payments.

  • What Is the Annual Percentage Rate?

An annual percentage rate (APR) is a percentage value that refers to the cost of the loan each year, including interest and lenders’ extra charges – like activation or origination fees.

Some major credit bureaus may charge a fee to sign up (origination fee) but most only charge interest.

An origination fee is charged by lenders as a one-time, upfront subtraction from your loan, intended to pay for administration and processing costs; these are usually set between 1% and 5% of the loan, but some lenders charge a simple flat-rate fee.

For instance, if you are approved for a loan of $10,000, a 5% origination fee would mean that you receive only $9,500 and the remaining $500 would be returned to the lender; if possible, avoid origination fees.

  • What Is Your Credit Score?

It’s important to know your credit score before applying for personal loans in order to make sure you are able to qualify for the most fitting no-credit-check loans. The majority of personal loan lenders are interested in working with applicants who have a good credit score and consistent credit history – and online banks are particularly notorious for this.

All the same, if you already have an existing relationship with a bank, you may be able to get approved for favorable loan terms if you have a reliable history of paying your bills on time, and honoring any past loans’ and accounts’ terms.

  • How Long Will the Loan Take Process?

If you qualify for a bad credit loan, funding could be acquired on the same day, or it could require up to a week of waiting for the right lender. As part of the approval process, lenders might ask for more documentation, including pay stubs or W-2s, which could also affect the funding time of a loan.

  • What Effect Do Personal Loans Have on Your Credit Score?

Taking on an installment loan is not, by nature, going to boost your credit score significantly, but using a personal loan to repay revolving debt will cause a more noticeable improvement to your credit score.

Unlike personal loans, which are a form of installment credit, credit cards are considered revolving credit. Having a mix of both types of credit will help you look better to lenders.

Although it’s helpful to have a diverse mix of credit, it’s not the most essential element to a good credit score. Some people advise adding a new installment loan – for example, a car loan or a mortgage loan – which could raise your credit score somewhat, but what’s the point of owing more debt unless it’s necessary?

What You Need to Get a Bad or No-Credit-Check Loan

Consumers typically need good or excellent credit and credit history to get approved for a personal loan, although some lenders offer additional options for borrowers with fair, poor, or no credit. You should check your credit score and credit report beforehand to make sure you’re ready to apply for a loan.

Loan approval can come down to the information on your credit report, so it’s a good idea to know what it says about you.

Your credit score also determines what APR you’re given, as well as how much you’re permitted to borrow. As a general rule, borrowers with excellent credit receive offers with the most competitive rates.

If you need to improve your credit score, focus on making all your monthly payments on schedule, paying down any existing account balances, and avoiding new credits.

If you’re looking for a no-credit-check loan, or if you have bad credit, you’ll likely be asked to prove you have a steady source of income – most often by showing pay stubs or tax returns. Like a credit score, how much a consumer earns can be a major deciding factor in whether or not a personal loan is approved.

For instance, if you are making a good salary working at a well-reputed and industry-dominant company, your creditworthiness might not be so much under question. For the most part, personal cash loans are approved if it is determined that you are capable of repaying the loan in a timely manner thanks to your financially stable circumstances.

Consumers who don’t meet lenders’ requirements on their own, may be able to qualify by having a creditworthy cosigner who is willing to apply with them. Be aware, however, that not all lenders permit cosigners on personal loans, and be prepared to look at other options.

  • Prequalify for Loans Through Multiple Lenders

A number of lenders review and analyze your potential creditworthiness without checking your credit report and causing a hard inquiry to damage your score.

Some lenders offer prequalification tools that allow you to compare offers and determine your odds of getting approved for a personal loan with favorable terms. Applying for pre approval can also help you avoid unnecessary hard inquiries for loans you’re not even going to be offered.

Pay attention to lenders’ websites, and look for a button that says “Check Your Rate” – an invitation to submit your information and find out where you stand.

Online prequalification applications might ask you to share information about your income and housing payments, expectations about how much you would like to borrow, what your intended use for the loan is, and what your ideal loan term might be. It’s a good idea to have this information at the ready before you start filling out any forms.

  • Complete a Full Application

Prequalifying for a loan gives you a window of time – sometimes up to several weeks, depending on the lender – to proceed with a formal application. If an offer expires, there’s no need to worry since you ought to get a comparable offer as long as your income and credit information haven’t changed.

The information requested for these applications varies from lender to lender, but expect to provide basic contact information and identity details, including your Social Security and driver’s license numbers.

Alternatives to Bad Credit and No-Credit-Check Loans

Short-term loans, in some cases, include bad credit loans – but these loans are usually for smaller amounts of money; consumers who don’t need much funding may choose this alternative to standard bad credit loans.

This convenient option ensures you can still borrow money, but you may come up short on funds for your intended expense. If you’re looking for more than a few hundred dollars, it might be best to keep looking.

An overdraft may be one of the easiest forms of borrowing, due mainly to the fact that it is simply an extension of a current account, as opposed to an entirely new financial product from a new lender. All the same, there is an application process through which your account provider will evaluate whether or not they are willing to give you an overdraft based on a check of your credit score and credit history.

While overdrafts can certainly be relied on for some additional funds, they really serve more as a protective measure than a dedicated form of borrowing, particularly since you might incur a daily charge simply for using it. Unless you are capable of repaying the loan quickly, so as to avoid associated fees, this may not be the right alternative for you.

If you are interested in improving your credit score while also having access to a little extra money, a credit builder card can be a good alternative – although you probably won’t be able to borrow a large lump sum. Maybe you would get more funding from a bad credit or no-credit-check loan, but this is a guaranteed credit limit that you can spend.

This may also be a good alternative for individuals who want to try actively improving their credit score in order to better their access to other financial products later on, especially anyone who may be thinking about future mortgage applications.

Consumers who want to borrow a higher amount may find this type of loan to be a good alternative; however, the risk to borrowers can be much higher due to the secured nature of the loan.

A loan being ‘secured’ means that it is backed by some kind of valuable asset, like your house, which could result in said asset being forfeited in repossession if you happen to default on loan repayments.

If you’re unbothered by this level of risk, or if you’re interested in borrowing a larger amount of funds, this might be a viable alternative even with a bad credit score; however, taking into consideration the rather extreme consequences that are brought about as a result of failing to repay, it may be best to look around for other, unsecured options as well.

If you find yourself in a financial emergency, with bad credit (or no credit at all), you might consider turning to a payday lender – but a lot of credit unions offer a payday alternative loan, known as PAL.

These small loans, both PAL I and PAL II, are regulated by the NCUA (National Credit Union Administration). Qualifying borrowers may receive up to $1,000 for PAL I loans, and up to $2,000 for PAL II loans.

FAQs About No-Credit-Check Loans

Q. What Credit Score Range Is Considered Bad Credit?

Most lenders follow the FICO model, with credit scores ranging from 300 to 850 points; subprime borrowers include consumers with FICO scores under 670 points, which is considered a fair rating – with scores under 580 points being considered “very poor.”

It cannot be understated how expensive it can be to take out a personal loan when you have bad credit. Based on your credit rating, interest rates could exceed 30%, you could be ineligible for larger loan amounts, and you could face shorter repayment terms.

Q. What’s the Breakdown of Credit Score Ranges?

  • 800 – 850 is Excellent
  • 740 – 799 is Very Good
  • 670 – 739 is Good
  • 580 – 669 is Fair
  • 579 – 300 is Poor

Q. What Are the Standard Interest Rates for Bad Credit Borrowers?

Remember, borrowers with scores under 670 points are considered ‘subprime’ and scores under 580 points are considered ‘very poor’.

It is difficult to predict the exact APR you will be offered because each lender sets its own criteria and thresholds for approval and pricing of personal loans.

Personal loan interest rates might fall anywhere between 5.5% and 36% but you should expect to receive offered rates on the higher end of the spectrum if you have a poor credit rating.

Q. Where Can I Apply for a No-Credit-Check Loan?

A lot of online lenders and payday lenders provide loans without credit checks, but it is important to keep in mind that easy qualification doesn’t mean easy repayment; these loans can be tied to extremely high interest rates and countless hidden fees.

Q. Do I Qualify for a No-Credit-Check Loan?

If you have a stable income, a reasonable debt-to-income ratio, and a steady job – you likely qualify for a no-credit-check loan. You will probably need to provide references, bank statements, and pay stubs so that your lender can verify this information.

Q. Are Bad Credit Loans Trustworthy and Legitimate?

It is safe to borrow a personal loan from a reputable lender, but do your due diligence to confirm you are dealing with a trustworthy funding source; check out company reviews and reports, and keep a level head when evaluating offers that seem too good to be true. Make sure your personal loans are backed by a bank that is a member of the FDIC, or by a credit union that is NCUA-accredited.

Fraud Red Flags:

  • Pay history or credit score isn’t requested.
  • The lender’s website is not secure.
  • The lender guarantees approval, no matter what.
  • The lender is not upfront and direct about fees.
  • The lender is pushy or aggressive about accepting an offer.

Q. Is a No-Credit-Check Loan the Right Option for Me If I Have Bad Credit?

It’s possible that you may be able to find an adequate loan with favorable terms from any of the lenders mentioned here, but keep in mind how much you can afford with your current circumstances and avoid borrowing more than you will be able to repay; don’t forget that failing to repay the loan could result in harmful consequences for your credit rating.

Q. How Long Does It Take to Get a No-Credit-Check Loan?

Some of these loans go through quickly, with approval, acceptance, and funding happening within 24 hours. Other, larger loans – especially those requiring collateral or a guarantor, could take several days or weeks to process.

Q. Can I Get a Loan If I Don’t Have a Job?

Though it may be harder to do so, it is possible to get a personal loan even if you are unemployed. Your odds increase if you can show some alternative source of steady income – like disability benefits, freelance work, or a spouse’s income.

Q. What Documents Do I Need to Apply for a No-Credit-Check Loan?

Specific requirements vary according to each lender, but there are some things you should generally have ready to go when applying for a loan, including:

  • Photo ID, like a driver’s license
  • Social Security number
  • Tax returns showing previous income levels
  • Pay stubs showing current income levels
  • W-2 forms showing employment records

Q. What Can I Use a Personal Loan For?

Your lender may have specific limitations or exclusions, but some common purposes include:

  • Consolidating debt
  • Refinancing credit cards
  • Financing home repairs
  • Offsetting relocation expenses
  • Supplementing travel costs
  • Covering auto repairs
  • Paying medical bills


Having bad credit in a financial emergency doesn’t necessarily mean that your only loan option is a predatory payday lender. You might have other, more affordable solutions available if you compare all of your options.

Like any industry, certain companies gain a public reputation as being the best place to go for a particular product – and the same holds true for bad credit loans.

Nonprofit credit unions, as well as owner-operated businesses, have acquired a reputation over the years as being good places to find bad credit loans – mostly thanks to the support they offer members, making consumers feel like somebody is willing to go the extra mile for them.

Online lenders, such as MoneyMutual, BadCreditLoans, CashUSA, CreditLoan, and are an alternative and more flexible option for people who have bad credit or no credit, and who are in need of a fast personal loan.

If you find yourself in need of a little financial assistance, don’t let your personal credit history stop you from searching for willing lenders.

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Cash Loans in Your Neighborhood: Get Quick Money Now! Tue, 09 Nov 2021 07:15:26 +0000 Cash loans for people with terrible credit are available in my area for a variety of reasons. There are times when you may find yourself in need of money, even if you have a poor credit history. Cash loans in my area are now readily accessible and might be useful. It’s possible you’ll need this if you don’t have a clear strategy in place.

Taking a tax return cash advance near me is an excellent example of this kind of financial aid. Title loans for cars are also an option in my area. Cashing in on the side hustle is a possibility.

Online lenders in my area like allow me to get short-term car loans. Obtaining fast cash has never been easier or more secure.

Alternatives to Borrowing Money Right Now

Near where I live, there is a payday loan store where you may hand over cash and personal information. Therefore, it is vital to choose employees who can be trusted and who are held responsible. Finding out whether or not a financial institution is trustworthy and safe is a complex process.

Learn about the many lenders and loan options available, as well as how asking for a loan impacts one’s credit score.

The information you’ve gathered will allow you to compare different lenders and do further research. Additionally, customer feedback is essential in this scenario. It’s possible to learn a lot from those who have taken out cash loans without a credit check.

Make a precise tally of your desired expenditure. Do the math on how much you’ll owe in the future. Rules and regulations should be established for each institution.

Consider what others have to say about the product in their reviews and comments. A well-informed loan cash near me option will be yours after that.

In Your State, Apply for Cash Advance Loans.

I’m in need of some quick cash, but I’m not sure where to look. Now, let’s take a look at some of the top possibilities for payday loans that are accessible right now.

Cash Loans in Your Town/City; Fastest Place to Get One

A fast cash loan near me is necessary in some situations. A short-term loan may be needed if a person loses their housing. People who are unable to make their payments on time may want to consider getting a bank loan.

Useful for car or mortgage shoppers, this may be an excellent resource. You may receive a loan to buy a vehicle or a refrigerator in the United States.

You may also be able to get a short-term loan without a bank account by contacting your prior lender. You don’t need to provide any further information for an ace cash loan near me. As a consequence, your bank account will not be checked. You may be able to get a 500-dollar loan or anything else right now.

Another option for emergency cash loans near me is direct deposit. Deposits may be made in a number of venues. This condition does not necessitate the need for permission or verification. You may pay using a variety of ways in California and the rest of the country.

Get Same-Day Cash Advances from Direct Online Lenders in Just a Few Minutes!

Taking out a short-term loan from a payday lender is the favored technique of obtaining emergency cash. In the financial industry, these companies are known as direct lenders. It’s because you get your money from them directly that this is the key reason. Money will be in my hands within minutes.

Federal, state, and municipal laws are observed by them at all times. As a result, individuals are solely responsible for the consequences of their own conduct. You have the right to sue if you’re not happy with their work.

The easiest option to get bad credit loans near me is to get in touch with the company. You will be reimbursed after your request has been approved. Afterwards, they’ll have to pay back the cash advance loan. The procedure is expedited since transactions are carried out online.

Is It Dangerous to Make Loans on the Side of the Road?

In comparison to online same day cash loans near me, lending on the streets comes with more hazards. Risks are many when you meet strangers on the street.

Even though cash title loans near me may sound handy, they are frauds. Your papers may include sensitive personal information that they would want to get their hands on.

Loans will be issued in your name. Payday loans near me cash advances must be repaid as well. Exactly how is this possible? Your lenders will provide a copy of your loan documentation to a speculator. Purchases made under your name will result in your liability. They may be able to find you and do you harm. A short-term borrowing from a stranger on the street is exceedingly dangerous.
Cash advances that don’t need a credit check are more reliable in my area. Besides that, there are a few other perks. It doesn’t matter what time of day or night it is. To get the information you need, you may ask questions. In the event that a cash payday loan near me app suits your needs better, that option is available as well. As a bonus, internet payday loans near me are easy to apply for. In every continent, they may be found. You must be a legal resident of the nation where the course is being held.
To get a loan online, you don’t have to fill out any lengthy paperwork. Any time you leave the house, don’t forget to carry your photo ID. After that, you’ll need to show that you have a home and a steady income. On the website or app, you may get your hands on these documents for free. Financial institutions, such as banks, are not necessary.
Ace Cash Loans Near Me may also be an option right now provided you meet the other requirements You should not be forced to stand in line for a lengthy amount of time. There is no further requirement except to provide a letter of support. It’s also possible to apply for a short-term cash advance near my location.

In addition to Subsidy,

To get a quick cash loan, direct lenders aren’t always the greatest alternative.” Consider borrowing money if you find yourself in this predicament.

You may start by phoning your bank and asking for a loan, for example. A bank may issue a credit document for a certain length of time. Additionally, there exist credit unions. In return for your business, they’ll try to get you a better deal on your contract.
Peer-to-peer lending is another option for obtaining money for title loans near me. A person may get a loan from another individual. ‘They should avoid contacting any organization at all,’ advises the author. Use this strategy of getting cash loans near me and you’ll reap a host of advantages!

Is there a certain time or situation in which I should make use of the local cash and loan possibilities I have? At some time in your life, you may need quick cash support. A hospital visit may be deemed an emergency if you get there. There is no way for you to get your money back.

You should avoid personal cash loans near me if you don’t plan to pay them back in full. Does anybody know of a place nearby where I might get a quick loan? You may talk to your family or friends. If you ever need help, they’ll be there for you.

There are laws in place in several states forbidding cash lending.

Some governments have implemented legislation that restricts state-level cash lending. My community bans cash-loan shops, which I find strange. Those that borrowed the money may repay it whenever they choose. In the event that financial institutions are implicated, they will seek compensation.

It’s possible they’ll use the prospect of legal action as a scare tactic. Using the victim’s family members or friends to intimidate them is another option. These borrowers may be aware that if they do not pay back the loan in full, they might lose their flat.

So, they may steal money from banks or other people as a consequence of this. In the United States, criminal activity will continue to rise.

In certain cases, others may be affected as well. As a consequence of this, numerous states have banned cash and loan businesses near me. No-fee cash title loans are available in the following states.

North Carolina is the Garden State of New Jersey.
Wherever you are in New York City, Vermont, or Pennsylvania, you’ll be able to get your hands on
State of West Virginia

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Oregon Business – PPP et moi Tue, 09 Nov 2021 06:42:07 +0000

PLes prêts du programme de protection aycheck (PPP) ont offert un coup de main désespérément nécessaire à Mitch et Cathy Teal, propriétaires de BREW Coffee et Taphouse à Independence et à West Salem. Leur entreprise, comme tous les fournisseurs de services – restaurants, salons, cabinets médicaux, etc. – souffrait des restrictions imposées pour arrêter la propagation du COVID-19.

L’injection d’argent (essentiellement de l’argent gratuit du gouvernement fédéral si vous suiviez les règles) promettait un certain soulagement. L’obtention du prêt, cependant, a été désordonnée et stressante dès le début.

« Notre banque habituelle, Maps Credit Union, n’offrait pas le programme », explique Cathy Teal, « nous avons donc dû en trouver une autre. »

Teal a appris qu’une plus grande banque, Washington Federal, offrait des prêts à des non-clients. Mieux encore, Teal avait un lien personnel avec un employé d’une succursale voisine. «Nos enfants vont à l’école ensemble», dit-elle. L’amie de Teal lui a présenté la bonne personne à Washington Federal qui « m’a tenu la main tout au long du processus ».

Et quel processus.

L’obtention de ce premier prêt par le biais du PPP a été difficile pour Teal. Elle était assaillie par des documents mal formatés et tourmentée par des règles en constante évolution, et craignait que les fonds disponibles ne s’épuisent dans le système du premier arrivé, premier servi.

Mitch Teal, copropriétaire de BREW Coffee and Taphouse Photo : Jason E. Kaplan

Teal et son mari ont finalement obtenu un prêt de 45 000 $ au cours de ce premier tour harassant, en utilisant les fonds pour payer ses 12 employés. Elle envisage également sérieusement de changer sa banque d’affaires de Maps Credit Union, où elle est cliente depuis des années, au gouvernement fédéral de Washington. «Ils étaient très serviables et amicaux et ont une sensation de communauté à la maison. Mais je travaille sept jours sur sept et je n’ai tout simplement pas le temps d’y penser maintenant.

D’autres petites entreprises ont franchi le pas, changeant de banque et changeant de relations en raison de leur expérience en PPP. À l’inverse, d’autres propriétaires de petites entreprises ressentent un amour et une loyauté supplémentaires pour leurs banques et leurs banquiers, leurs relations étant renforcées par une expérience positive en période d’incertitude.

Mais les banques, coopératives de crédit et autres établissements de crédit qui ont participé se sentent pour la plupart soulagés. Certains émergent de l’expérience PPP avec plus de clients et une réputation bien rodée dans leurs communautés.

D’autres se débrouillent pour sortir de la mauvaise presse nationale et d’un œil au beurre noir. Quoi qu’il en soit, tous sont heureux que cette frénésie de règles changeantes, de nuits et de week-ends tardifs et d’adaptations aux nouvelles technologies soit terminée.

Pour l’instant, du moins. Dans un monde de perturbations en cascade qui se succèdent une fois par génération, l’industrie se demande également quel sera le prochain défi.

Te processus PPP a été, il est vrai, « un parcours cahoteux dès le départ », selon Linda Navarro, présidente et chef de la direction de l’Oregon Bankers Association. Destiné à soutenir les petites entreprises de 500 employés ou moins avec des prêts-subventions, le programme a été modifié à plusieurs reprises depuis sa création.

Ces modifications ont causé une grande partie des problèmes initiaux. “Nous n’avions pas les règles”, dit Navarro. « Les banques n’étaient qu’un intermédiaire, mettant en œuvre un programme où les règles changeaient. »

L’inquiétude à propos de l’épuisement des fonds du premier arrivé, premier servi a ajouté à la panique, tandis que la confusion concernant les directives de pardon dans le programme rédigé et lancé à la hâte a fait réfléchir certains destinataires potentiels.

Il semblait également y avoir un peu de ressentiment alors que des entreprises plus grandes et mieux connectées obtenaient des prêts destinés aux petites entreprises et aux opérations familiales. Les New York Times rapporte que « certaines des plus grandes banques du pays, dont JPMorgan Chase, Citibank et US Bank, ont priorisé les demandes de leurs clients les plus riches avant de se tourner vers d’autres demandeurs de prêt ».

US Bank était également l’une des nombreuses institutions à accorder des prêts PPP à des sociétés cotées en bourse, selon les documents de la SEC analysés par la société de données politiques et médiatiques FactSquared.

Même s’il n’était pas exactement illégal pour ces entreprises de recevoir des fonds, cela allait certainement à l’encontre de l’esprit d’un programme conçu pour soutenir les petites entreprises ayant un accès limité au capital.

Certes, il ne s’agissait que de quatre entreprises, contre 34 pour JPMorgan Chase Bank, mais combiné aux milliards de dollars que les banques devraient collecter pour administrer les prêts, cela commence à ressembler à une frénésie alimentaire.

Amanda Martinez, responsable des services bancaires aux entreprises chez US Bank, repousse ce cadrage. « Le nombre de clients avides de fonds a largement dépassé l’offre au premier tour », dit-elle, faisant référence à des dizaines de milliers de candidatures reçues.

Pour répondre à ce besoin, US Bank a retiré des milliers d’employés de leur emploi régulier pour se recycler et a consacré des ressources à l’effort monumental de créer un portail numérique pour rationaliser le processus.

0421banqueIT4A6979Amanda Martinez, responsable des services bancaires aux entreprises chez US Bank Photo de Jason E. Kaplan

Les résultats pourraient être ressentis dans l’Oregon. Lors du premier tour, US Bank a accordé 8 585 prêts totalisant plus de 732 millions de dollars à des entreprises de tout l’État. La plupart, plus de 83 %, étaient pour 100 000 $ ou moins, ce qui indique qu’ils sont allés à de petites entreprises.

A Woman’s Time, une clinique de santé naturopathique du nord-ouest de Portland spécialement conçue pour les femmes, était l’une de ces petites entreprises desservies par US Bank. « J’ai une relation à long terme de 30 ans avec US Bank et je n’ai pas envisagé de chercher notre prêt ailleurs », se souvient Karen Hudson, directrice de la clinique. « Ils étaient justes, cohérents et en communication constante. C’est un grand réconfort en tant que propriétaire d’entreprise.

Hudson rapporte qu’en raison des fonds du PPP, elle n’a pas eu à réduire ses heures ni à licencier aucun de ses quatre membres du personnel.

Pourtant, Stateline, une initiative des Pew Charitable Trusts, rapporte que, en général, les grandes banques ont mis du temps à commencer à traiter les prêts PPP. C’est selon João Granja, professeur agrégé à l’Université de Chicago et co-auteur d’une étude sur l’efficacité des prêts PPP par le National Bureau of Economic Research, un organisme de recherche à but non lucratif. Selon Granja, cela “a ouvert la voie à des banques plus petites et régionales qui ont agi plus rapidement dans certains États”.

Ces petites banques n’étaient pas monolithiques. Certains connaissaient bien le service des prêts de la Small Business Administration. D’autres, comme Northwest Community Credit Union, n’avaient aucune expérience du processus. Pour ces institutions, la courbe d’apprentissage était très raide.

« Notre plus grand défi consistait à mettre en place un programme le plus rapidement possible tout en veillant à ce qu’il puisse s’adapter aux besoins de nos membres et garantir le respect des règles de la SBA », se souvient Mike Tiernan, responsable du PPP.

Cet effort a nécessité de longues nuits et week-ends à la Northwest Community Credit Union, avec peu de promesses de compensation. « L’incitatif financier pour les institutions à travers le pays était relativement faible. Les banques et les coopératives de crédit ont reçu une petite commission pour chaque prêt afin de les encourager à créer ces prêts », rapporte Tiernan. “Ces frais ont aidé à compenser les dépenses engagées par l’octroi de prêts du programme de protection des chèques de paie.”

Alors, avec la promesse de longues heures et peu de compensation, pourquoi participer du tout ?

Pour la Northwest Community Credit Union, c’était l’occasion d’aller de l’avant. « Les objectifs des prêts du programme de protection des chèques de paie correspondent vraiment à notre propre mission. Notre objectif en tant que coopérative est d’aider les gens. Cela a permis à notre conseil d’administration et à notre équipe de direction de soutenir l’effort très facilement », répond Tiernan.

Cela a également prouvé qu’un peu de soulagement contribue grandement à procurer un sentiment de sécurité, de stabilité et de sécurité. Tiernan rapporte que la taille des prêts de la Northwest Community Credit Union était « considérablement plus petite que la moyenne nationale. Quatre-vingt-seize pour cent des prêts que nous avons accordés aux entreprises comptaient moins de 25 employés. »

D’autres petites institutions, cependant, ont frappé au-dessus de leur poids.

La Banque populaire de commerce est une petite banque communautaire avec six succursales dispersées dans le sud de l’Oregon. Avec 540 millions de dollars d’actifs, son objectif principal est les prêts commerciaux aux petites entreprises.

Bien qu’il soit déjà un prêteur préféré de la Small Business Administration, la première série de prêts en mars et avril 2020 était encore “un peu un fiasco”, selon le PDG Ken Trautman.

Pourtant, la Banque populaire de commerce a réussi à traiter 1 050 prêts d’une valeur de 95 millions de dollars lors de ce premier tour. « Nous nous sommes bien débrouillés vers la fin », dit Trautman. Le deuxième tour s’est beaucoup mieux déroulé, mais la demande de prêts a diminué. Pour cette deuxième bouchée de pomme, la Banque populaire de commerce n’a approuvé que 300 prêts pour 26 millions de dollars.

Addictions Recovery Center, une organisation de conseil, a reçu plus de 1,3 million de dollars en prêt de premier tour de la Banque populaire de commerce. Lori Paris, PDG, considère cet argent comme vital pour la sécurité et la constance de la communauté qu’elle sert.

« Je voulais un modèle économique stable pour éviter les montées en cadences », se souvient Paris, soulignant l’importance de la stabilité pour ses clients. Garder deux centres de traitement internes et un centre de désintoxication médicale ouverts était la plus haute priorité. Le pivotement vers une offre de télésanté est arrivé en deuxième position.

« Tout le monde parle de télésanté depuis un certain temps, mais la pandémie a forcé le problème », dit-elle. Paris estime qu’environ 11% du prêt est allé au déploiement de l’infrastructure de télésanté tandis que plus de 80% est allé à la masse salariale et aux avantages sociaux.

Cette décision a permis au Centre de récupération des toxicomanies de garder le personnel à bord et de servir le même nombre de clients, renforçant et soutenant cette cohérence si nécessaire dans les soins.

Alors que le prêt était une bouée de sauvetage pour Addictions Recovery Center, Trautman ne le considérerait pas, ni les autres prêts PPP, comme très rentables pour la Banque populaire de commerce. « Les frais sur les prêts ont généré environ 3,6 millions de dollars, mais notre marge d’intérêt nette a considérablement diminué », dit-il.

Mais comme la banque était l’une des rares sur le marché à proposer des prêts à des non-clients, les dépôts et les nouveaux clients ont gonflé. «Nous sommes la seule banque communautaire sur notre marché, et les plus grandes banques nationales ont été lentes à l’adopter», a déclaré Trautman. « Nous avons eu un certain nombre de ces clients. »

En fin de compte, des institutions de toutes tailles se sont réunies dans l’État pour fournir une grande partie des fonds à ce jour. La Small Business Administration rapporte que l’Oregon a reçu plus de 62 000 prêts d’une valeur d’un peu moins de 7 milliards de dollars au 30 juin 2020.

Pour le cycle de financement 2021, les petites entreprises de l’Oregon ont reçu plus de 25 000 prêts d’une valeur de plus de 2 milliards de dollars depuis fin février.

0421 navIT4A6327Linda Navarro, présidente-directrice générale de l’Oregon Bankers Association Photo de Jason E. Kaplan

« Il faut un continuum de banques pour répondre à un continuum de besoins », explique Navarro de l’Oregon Bankers Association. Elle rapporte que 69 % des entreprises éligibles de l’État ont reçu un prêt PPP l’année dernière.

Bien qu’elle ne sache pas quels étaient les bénéfices nets des banques participantes, elle soupçonne que tout gain a été compensé par des dépenses supplémentaires substantielles telles que les nouvelles embauches, la formation et la construction d’infrastructures technologiques.

Navarro dit que malgré l’extraordinaire ascenseur requis, le programme était bon pour les banques de l’Oregon et les entreprises de l’Oregon. Mais un examen plus approfondi révèle que les petites institutions s’en tirent mieux. Les analystes de S&P Global Market Intelligence constatent que les petites banques avec des actifs inférieurs à 250 millions de dollars pourraient profiter d’une aubaine importante en participant au programme.

S&P Global Market Intelligence rapporte également que l’ensemble du secteur bancaire américain devrait surperformer en 2021, mais que les banques à petite capitalisation se portent particulièrement bien. Les analystes de Raymond James ont écrit dans une note que “les petites banques ont plus de potentiel que leurs homologues plus grandes en raison d’un potentiel de croissance plus fort, d’une amélioration des perspectives de crédit, de moins de risques réglementaires et de plus d’activités de fusions et acquisitions”.

Alors que la vague initiale d’activité PPP a ralenti, les banques ne peuvent pas encore se détendre. Il y a encore plus d’argent à distribuer car davantage d’entreprises sont autorisées à postuler au deuxième tour. Il existe également un processus de pardon pour guider les clients. Les journées continueront d’être longues mais loin de la frénésie de ces premières semaines.

Trautman n’oubliera jamais l’expérience. “C’était nécessaire, c’était rentable, et je peux dire en toute sécurité que je ne voudrais pas recommencer”, dit-il.

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8 Best Credit Repair Companies Near Me For Bad Credit Score [Latest Services] Tue, 09 Nov 2021 06:35:22 +0000

Do you have a bad credit score or errors on your credit report? If you face either of these issues, hiring a credit repair company would be the wisest decision you can make.

A credit repair company not only helps you improve your credit but also helps you get bad credit loans with guaranteed approval. But, with so many credit repair companies in the market, it might become difficult to differentiate between a legitimate one and a fake one. And, naturally, where matters of money are concerned, one cannot be vigilant enough. It becomes crucial you only consider reputable credit repair companies for your credit history concerns.

Therefore, we have put together the following guide to help you sift through the best credit repair companies in the industry and pick the right one for yourself.

How We Made This List of the Top Credit Repair Companies

In order to create a comprehensive list of the best credit repair companies out there, we undertook some steps to ensure only the best companies would meet our stringent standards.

We started with an exhaustive list of all of the popular credit repair companies in today’s market. We narrowed down our options from this long list by conducting in-depth research into each company and looking at the reviews of their customers, the brand’s experience, and their reputation.

Based on our findings, we filtered through the list further to bring you only the eight best names among all of the credit repair companies we found.

When we were cutting down our list, we tried to match each company with the following criteria:

  • Company’s willingness to provide you with a written contract that contains all of the necessary details of their services
  • Track record, previous experiences, and reputation of the company
  • Company’s refund options in case your credit score did not improve satisfactorily
  • Cost of their credit score services in comparison to other companies that offer the same
  • The ability of the company to improve your credit score realistically without promising unattainable goals to the customer

After looking closely into the above factors, we created this list of the eight best credit repair companies that will help you fix your credit score.

Top Products for the Best Credit Repair Services[Full Reviews]

#1. Credit Saint: Best Overall & Editor’s Choice

Credit Saint was founded in 2004 and has made a name for itself as one of the fastest-growing credit repair companies in the world.

Right from 2007, Credit Saint has received continuous A+ ratings from the Better Business Bureau, making it one of the most trustworthy and reputable credit repair companies out there.

Credit Saint offers three service packages:

  • Credit Polish
  • Credit Remodel
  • Clean Slate

Your first consultation with Credit Saint will be free, and the set-up fee will vary from $99 to $195. All three packages cost anywhere from $79.99 to $119.99.

The most basic plan is the Credit Polish Plan, and this is most suitable for those having very few negative items on their credit report. The Credit Remodel Package moves up a notch by adding five more disputes every month, along with questioning repossession and bankruptcies.

The final package, Clean Slate, provides far-reaching credit repair with unlimited disputes.


  • Three Distinct Packages: Credit Saint accounts for all types of credit repair issues with their three comprehensive packages, each one designed to suit different credit needs.
  • Personalized Service: As a customer of Credit Saint, you will be connected to a team that will be in touch with you throughout the entire process. Their job is to ensure you take the necessary steps to improve your credit score while working to fix any damage.
  • 90-Day Money-Back Guarantee: Credit Saint promises that if there are no deletions from your credit report within the first three months, you will receive a complete refund of your money.


  • Straightforward pricing policy
  • A+ BBB rating for ten years
  • Custom dispute letters curated for every customer according to their individual needs
  • 90-day money-back guarantee


  • Unavailable in some states such as Kansas, Georgia, and South Carolina
  • High initial setup fees, compared to others in the industry

=> Visit the Official Website of Credit Saint for More Information

#2. Lexington Law: Most Experienced

image 2

Lexington Law was founded in 2004 and primarily employs paralegals and attorneys, which is rare in credit repair companies.

What makes Lexington Law stand out is its law-driven process of fixing your credit score and improving your overall credit report. Since its founding in 2004, Lexington Law’s clientele has seen more than 70 million removals on their credit reports.

Lexington Law also offers an initial free consultation, followed by three packages that you can choose from:

  • Concord Standard Plan
  • Concord Premier Plan
  • PremierPlus Package

If you want some basic bureau and creditor challenges, the Concord Standard Plan will ensure the Fair Credit Reporting Act is enforced on your behalf at $89.95 per month. If you level up to the Concord Premier Plan, you will have continuous credit monitoring and regular credit score analysis at $109.95 per month.

Lastly, the PremierPlus Package includes legal assistance as you deal with third-party debt collectors. It is an added and unusual feature that you will not find in other credit companies.


  • Provide Specialized Legal Advice: Credit repair companies usually do not provide legal services to their customers. But, Lexington Law seeks to provide this along with an increased credit score.
  • Maximizes Usage of Digital Resources: Due to their high revenue, Lexington Law can afford to invest in the industry’s best digital tools their competitors cannot beat.


  • Three distinct plan levels specific to your credit repair needs
  • Provision of legal assistance under the PremierPlus Package
  • Long track record with more than 500,000 active clients
  • Provision of identity theft protection


  • No refund policy or money-back guarantee
  • Higher fees, compared to other companies in the industry
  • A few allegations of legal violations

=> Visit the Official Website of Lexington Law for More Information

#3. Best Credit Repair with Affordable Rates

image 3 is a viable and relatively more affordable option for your credit repairing needs with a simple yet highly effective credit score improvement system. starts by checking your credit reports for unfair or invalid negative items. They will follow this up with the credit bureaus and help you address various issues such as judgments, late payments, foreclosures, repossessions, etc.

The company provides three different types of services based on the number of negative items on your credit report, like most credit repair companies. You can also choose either the basic, moderate, or aggressive model.’s initial fee is also lower than other companies. Standing at $14.99, followed by $99.95 per month, you will find their services are efficient and cost-effective.


  • Customized Service Recommendations: After providing the company with some basic information, they will review your score and negative items for free. Following this, they will recommend the ideal service for your credit requirements.
  • Deal with Several Issues: Whether you are struggling with late payments, collections, judgments, bankruptcies, or charge-offs, has all of these covered.


  • Offers services via a mobile application that will track your credit progress
  • Customized credit repair plan based on your unique circumstances
  • Simple, straightforward, and efficient process
  • Offers free access to information about debt, loans, savings, and credit improvement on their website


  • No clarity on the qualifications and expertise of the people who handle credit reports
  • No accreditation with the Better Business Bureau
  • Low initiation fees

=> Visit the Official Website of for More Information

#4. Sky Blue Credit: Best Value Service

image 1

Sky Blue Credit is one of the older credit repair companies that has been around since 1989. What makes them stand out is their simple pricing model — you pay $79 as an initial work fee, followed by $79 every month.

Moreover, you receive a discount if you hire their service as a couple, and your monthly fee falls to $119 a month instead of $158.

Sky Blue Credit provides a range of services, including settlement of debt, debt validation, cease and desist letters, and goodwill letters. Along with this, they offer advice on how credit score improvement works according to your unique circumstances.

If you are looking for a company willing to give you a free trial period, then Sky Blue Credit is your answer. The company works free of charge for the first six days, following which you will have to pay your initial fees and the first round of monthly fees.

Sky Blue Credit also offers some flexibility in canceling their services as and when you please. The company says the process of credit score improvement can take approximately six months, and customers are free to cancel their services at any point with no penalty.

If your financial conditions are subject to constant fluctuation, Sky Blue Credit offers you a way out without any extra costs.


  • Easy Pricing System: Sky Blue Credit offers flat-rate credit repair systems, making it simpler for customers, as they will not have to choose out of multiple packages offered.
  • Provide Cease and Desist Letter Services: In order to bring debt collector harassment to an end, Sky Blue Credit offers the service of customizing cease and desist letters according to your credit needs.


  • A+ BBB rating
  • Worthwhile couples discount
  • Easy to understand and affordable pricing system
  • 90-day money-back guarantee


  • Online management structure has very limited features and capabilities
  • Offers limited services compared to other companies

=> Visit the Official Website of Sky Blue Credit for More Information

#5. The Credit Pros: Fast & Affordable Credit Repairs

image 5

If you are looking for affordability and reliability, The Credit Pros offers some enticing packages for you to consider.

This company was established in 2009 by Jason M. Kaplan to help people improve their credit scores and avoid the same credit errors in the future. The Better Business Bureau awarded The Credit Pros with an A+ rating for their impeccable services.

The Credit Pros works like any other credit repair company by accessing your credit report and finding all of the inaccuracies and errors. They will then help you remove these items from your credit report, thereby improving your credit score.

The Credit Pros provides several services, such as writing goodwill letters, credit dispute letters, cease and desist letters, and most importantly, an individualized plan of action from a recognized credit repair official.


  • Convenient Mobile Application: The Credit Pros offer a top-notch mobile app that allows you to check your credit score status and credit report on the go. The app is easy to use, free to access, and provides you with notifications about your credit report.
  • Access to Legal Network: Along with their range of credit repair services, the company also offers customers the option of speaking to credit attorneys and taking their counsel, if necessary.


  • Reputable company with positive customer feedback
  • Low monthly fees, starting at $19
  • Easy to use and highly efficient mobile application
  • Creation of a customized plan of action to improve your credit score


  • Difficult website navigation
  • Very few educational resources available for customers to access
  • Higher initial fees

=> Visit the Official Website of The Credit Pros for More Information

#6. The Credit People: Best Money-Back Guarantee


The Credit People undoubtedly offers the best money-back guarantee you can find — a 60-day money-back period if you are unsatisfied with their services. Most credit repair companies will either offer you a 90-day money-back period or no money-back period at all.

Another interesting feature of The Credit People is their pricing structure, as you are free to either pay every month or at the end of six months. If you choose to go for a monthly payment, your initial fee stands at $19, followed by $79 every month.

If you opt for the payment at the end of six months, there is no initial fee you have to pay. You can directly pay the total amount of $419 at the end of the stipulated period, which works out to be around $70 a month.

The Credit People has a highly trained team that has served thousands of customers, all of whom have had only positive experiences with the company. They have been around for over 15 years, which may seem less than other credit repair companies. However, The Credit People has an unbeatable track record when it comes to credit score improvement.


  • Opportunity to Speak with Multiple Experts: The Credit People does not offer the service of one expert for every customer, as you may get to speak to multiple credit experts and gain several perspectives.
  • Flexible Pricing Structure: You can choose to either pay at the end of every month or at the end of six months as a single lump sum. Regardless of which option you choose, this company has incredibly affordable pricing.
  • One Service Plan: Do keep in mind that The Credit People does not have a selection of multiple credit improvement packages, as the company offers one package for all.


  • Offers free credit scores and reports
  • At the lower end of the pricing spectrum with no hidden fees and flexible payment
  • Several educational resources available on their website
  • Online access 24/7


  • “C” rating given by the Better Business Bureau
  • Very few package options, since they offer a one-package service

=> Visit the Official Website of The Credit People for More Information

#7. Pyramid Credit Repair: Exceptional Customer Service


Pyramid Credit Repair was founded in 2012 and is known for its exceptional customer service.

The agency provides you with a Personal Account Manager, who takes care of the complete process. Starting from the credit report request to the repairing, they will handle each step diligently.

Pyramid Credit Repair offers a free consultation to understand which program would be suitable for you. A great thing about the agency is that they do not give any long-term commitments.

The agency offers three plans:

  • Singles Plan
  • Couples Plan
  • Identity Theft Protection Plan

The Singles Plan will cost you $99 per month, whereas the Couples plan is $198 per month.

For the Identity Theft Protection Plan, you pay $29.99 per month, and you also receive an identity theft insurance amount of $25,000.

Even though the Better Business Bureau does not accredit the agency, they have a number of positive reviews. Furthermore, they also feature an amazing Trustpilot score, which also authenticates the agency.


  • 100% Money-Back Guarantee: Pyramid Credit Repair gives you a 100% money-back guarantee in case they are unable to update any errors in your credit report within 90 days.
  • Customer Service: The agency is famous for its customer service for two main reasons. First, they assign you a point of contact who will handle your case. Second, despite this, you have the freedom to call any other professional you want.
  • Security: Your credit information is safe in the hands of Pyramid Credit Repair. It does not just protect your information from another individual, but from law enforcement as well. The only way law enforcement can get your reports is through a valid court order or a subpoena.


  • 90-day money-back guarantee
  • Free credit consultation
  • No advance fees to be paid
  • Extended customer services that go beyond office hours


  • Lacks accreditation from Better Business Bureau
  • Not available in all states

=> Visit the Official Website of Pyramid Credit Repair for More Information

#8. Ovation Credit Services: Experienced Credit Fixers


Ovation was founded by LendingTree in 2004 and has several experienced credit fixers.

Their trained staff has extensive knowledge about the field and can provide you with the right resources and options which may help improve your credit score.

Ovation has two main plans:

  • Essentials Plan
  • Essentials Plus Plan

The Essentials Plan has a setup fee of $89, and the per month fee is $79. You will be assigned a personal case advisor who will take care of your disputes and repair. This plan is good for people who need to pay off their debt, prepare, and budget.

For more complex issues, you can opt for the Essentials Plus Plan. You will have to pay a first work free of $89 ad $109 per month.


  • Discounts: Ovation offers discounts to eligible clients. If you and your partner wish to work on your credit together, you can get a 20% off couple’s discount. For people who are switching from any competitor, they offer a $50 credit. Military personnel and senior citizens get a 10% discount as well.
  • Add-On Feature: The agency offers two add-on features — identity optimization and fast-track. The former is for a $25 fee and is good for people with identity theft or fraud issues. On the other hand, the fast-track feature is for people who choose the Essentials Plus Plan and can get documents processed on the same day.
  • Personalized Attention: Once you sign up for the plan, you will be assigned a personal case advisor. The advisor will handle everything on your behalf and will be your point of contact. That makes it easy for the customer to reach the agency instead of calling numerous people.


  • Mobile application for easy access
  • A+ BBB Rating
  • Smooth communication channel
  • Free credit consultation


  • Not many customer reviews
  • Lack of online sign-up facility

=> Visit the Official Website of Ovation Credit Services for More Information

What Should You Know Before Buying the Best Credit Repair Companies?

Before you choose the best credit repair companies, there are a few things you need to keep in mind. Below, we list important attributes every credit repair company should have.

Set-up Fee

Many credit companies take an advance on their credit repair services. These are the companies you should stay away from, because the United States Credit Repair Organizations Act prevents agencies from taking an advance on their services.

They could, however, ask you for a first work or set-up fee. It is a small fee taken by the credit repair agency to open your account. It is also a one-time fee, and there will be no recurring costs. The set-up fee can range from $6.99 to $200, depending on the agency.

Free Consultation

Any good and legitimate credit repair company will provide you with a free credit consultation. That is where they tell you the ways in which they can help you. You must have a free consultation so you can determine if the credit company is suitable for you.

The credit expert views your credit report and gives you an overview of their path to improve your credit report. You could also realize you might not require help from a credit repair agency altogether. Either way, you make a well-informed decision and save a lot of money.

Money-Back Guarantee

Every credit repair agency offers some sort of guarantee on their services. However, the guarantee is different for each agency, and you need to be aware of it before you sign any deal.

Some companies can provide you with easy cancellation and a money-back guarantee. That means you can cancel your association with them for any reason, and you will get your money back.

Other companies might only give you a money-back guarantee if they are unable to improve your credit score. In such cases, they might provide you with a 90-day guarantee if they cannot remove the negative items in your credit report.

BBB Rating

Repairing your credit score is a serious matter. So, you need to choose an agency which you can trust. One way to check this is the rating given by the Better Business Bureau.

An agency having a BBB rating of A+ is said to be the topmost. However, not every reputable agency will have the gold standard A+ rating. If the rating is good enough and they have a good performance record, then you can go ahead with the agency.

Monthly Plans

Most of the credit repair agencies will provide you with a monthly plan. The plans can start from $79 and go up to about $200 per month. It varies depending on what you require from the agency.

Moreover, you can compare with multiple agencies to see which one gives you the best rate. However, do not always go for the lowest rate. You must check the quality of their service and their past performances before you make your choice.

Dispute of Negative Items

Every credit repair agency will provide you several disputes for each cycle. The agency’s main job would be to dispute any unverifiable or inaccurate occurrences in your credit report.

The standard number of disputes for each cycle is five. If your credit report is fairly less challenging, then this number would be good. However, for more extensive repairs, you would require the disputes to go up.

In that case, talk to the agency and see how many they can provide you. There are several packages an agency can give you, including ones that even have unlimited disputes.


Experience is not something that would completely dominate your decision, but it is a reassuring factor. Several new credit repair companies can deliver excellent results. However, an experienced agent will know the process better.

They will also be better at handling any complications that may arise. With that said, you can always go for a new or semi-experienced agency if you trust their services.

How Long Does It Take to Repair Your Credit Score?

Credit repair agencies get 30 days to address the disputes in your credit report. Therefore, you would not be able to see any difference unless the 30-day period has passed.

If your credit report has minor challenges, then the agency can repair it in almost 90 days. Even if the process is not complete, you may see a good enough improvement.

For extensively challenging credit reports, the timeframe is much higher. It will take more than 90 days to see even a slight improvement. The agency you hire can give you a better timeframe by checking your credit report. However, you should be prepared for a much longer period.

Even the most challenging of credit reports will see an improvement or will be near the end of the process in about six months. If your credit agencies take more than this, you might need to review their process or competency.

A very poor credit rating resulting from bankruptcy, charge-offs, or late payments takes a lot of time to repair. In such cases, your agency will advise you to change your financial habits.

They will give you tips on how you can rebuild your credit score with time. Mostly, the process will involve making your payments on time and not using too much of the credit you have left.

Process of Fixing Your Credit

The process of fixing your credit is different for every agency; however, the basic methods are the same. They follow the basic strategy of identifying and addressing the disputes in your credit report.

Disputes can be any inaccurate data, errors, identity theft, or other problems. Below is the standard process any credit agency would follow.

Get Credit Report

Before they can start fixing your credit reports, they will need to get them. The credit agency will help you get in touch with the three top credit bureaus, or they will do it themselves.

Once they receive your credit report, they will review it for any disputes, which helps them find the reasons which have led to your low credit score. At this stage, most top credit companies provide you with a free consultation.

Identify the Reason

Depending on your low credit reasons, the agency will move further in their association. If the reason for your low credit is authentic charge-offs, then the agency might not be able to help you much.

In this case, they can only give you tips to rebuild the credit score yourself. You will need to make your payments on time and improve your credit habits. However, if you have any disputes, then the process will be completely different.

In that case, the credit repair company will identify those disputes and move on to the next step.

Settle the Disputes

Once they have identified the disputes, the credit repair company will form dispute letters and send them to credit bureaus and creditors. They will do this on your behalf, and they will challenge the disputes so they get removed from your credit report.

If the situation demands, the credit agency can also send cease and desist letters or validation requests to your debt collectors.

The timeframe for identifying and investigating the disputes should be within 30 days, as set by the Consumer Financial Protection Bureau. If the disputes are unverified, then, according to the law, the bureau will remove these items from the report.

Find a Solution

If the debts are not yours, then they will instantly have to be removed from your report. However, for valid debts, the credit repair agency will get into negotiations with your creditors.

They might be able to convince the collection agency or your creditor to accept a partial payment. However, that would mostly be in cases of old debts that you have not paid for a long time.

The agency may convince the creditor to remove certain negative items from the report in exchange for partial payment. In addition, some credit agencies send goodwill letters if you have missed out on one payment.

They might term it as a mistake and convince the creditor to erase the information. It is essential to remember credit repair agencies can only fix fair credits, and they cannot help you if you have a bad credit history or a case of bankruptcy.

In such cases, changing your credit habit and making changes to your financial situation is the only option.

What Should You Remove from Your Credit Report to Improve Your Credit Score?

If your credit report has disputes and negative items, then they have to be removed. Below are a few negative items that are considered. However, there are more than your credit repair agency may identify:

  • Unnecessary hard inquiries
  • Duplicate accounts
  • Identity theft is determined through inaccuracies
  • Missing information that can improve your score
  • Misspellings
  • Outdated items that should not be present
  • Closed accounts that are supposed to be open
  • Open accounts that are supposed to be closed
  • Accounts that are not yours and may belong to another person (someone who has the same name as you or an ex-spouse)

The credit bureau is asked to confirm if the entry is authentic for a disputed item. If the bureau is unable to verify it, then they will remove it. That is even in cases of negative information that may be true but have erroneous entries.

Why Should You Hire a Credit Repair Company?

A low credit score will impact your financial life to a great extent. If you have a bad credit score, then you need to fix it immediately. However, instead of doing it yourself, you might be better off hiring a professional service.

If you are doubtful about how a credit repair company can help you, here are a few benefits.

They Have Experience

Even the newest credit repair companies will be more experienced than you in handling bad credit. They have skills and knowledge that you do not possess. In addition, they have much better negotiation skills, which would help in communicating with creditors.

Saves Time

You can repair your credit yourself, but you need to learn how to do it. There are several concepts and processes that you have to gain knowledge of before doing them, which will take up a lot of your time.

If you have a busy work schedule, then you will find it hard to balance both. However, a credit repair agency takes care of the whole process for you. They already know about the policies and laws; so, they can repair much faster.

The Right Resources

Repairing credit is not easy, especially if your credit report is messy. You will have to use several resources that you will not have. However, credit repair agencies do have the right resources to take care of your credit issues.

For example, these agencies know lawyers and have a good connection with credit bureaus and other essential resources.

FAQs: Credit Repair Companies

Q1. How will you recognize credit repair scams?

Along with hundreds of legitimate credit repair agencies, there are also several scams. These agencies take your money and give you nothing in return. So, before you choose your agency, you should ensure they are legitimate.

Some signs can confirm you are dealing with a scam:

  • The agency asks you to make the complete payment of the services upfront
  • They will not provide you with a detailed contract before starting with the services
  • Fraudulent companies will advise you to provide false information to get access to any credit facility
  • A legitimate credit repair agency will make you aware that it is your legal right to dispute any credit information yourself. However, a scam will give no such information

Q2. How much will it cost to hire a credit repair agency?

If you calculate the monthly fee you have to pay, the hiring cost for a credit repair company may seem too much. However, the cost will be higher if you try to manage the process yourself.

The price of a credit repair package varies with each company, and you will need to pay a set-up fee or first work fee to establish your account. Most agencies will provide you with a free consultation before they start any business dealings.

Once you hire the services of the agency, you will need to start paying a monthly fee. This monthly fee can start from $6.99 and go up to $200, depending on the plan and agency.

Q3. Why do you need to repair your credit score?

When you have a low credit score, you will get loans at higher interest rates, or you may not be able to get loans at all. The same goes for credit cards or any other credit options.

However, if you repair your credit score, you can slowly increase your chance of getting credits and loans at good interest rates.

When you go for credit repair, you will know the reasons why your credit is bad, which is highly beneficial in your financial journey.

Final Verdict: Which Is the Best Credit Repair Company? Are Credit Repair Companies Worth It?

By now, you should know about some of the best credit repair companies. You should also know what you need to look for in a credit repair service and how the process works. So, we suggest you try out Credit Saint or Lexington Law for the best guidance and customer service.

A credit repair company can also help you receive bad credit loans with guaranteed approval, which can help you lead a better life. In addition, these services can help to repair your credit and improve your credit score.

Once you get your credit repaired, you should be cautious about your financial dealings. It is best to make your payments on time and take care of your credit situation to avoid any such situation in the future.

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Muslims like me aren’t sure about eating it (looks good though!). Tue, 09 Nov 2021 06:29:47 +0000

It makes no sense that I’m obsessed with watching people eat pork. I’m Muslim, so I’ve never tasted it (at least not on purpose), but if I’m bingeing a travel show with an episode about American barbecue, that’s the one I’ll watch first. Maybe it’s the corny electric guitar that always plays when the food emerges, or the appealing combination of beards and sweet Southern grandmas, but at this point I could probably spot the difference between real-deal, region-specific barbecue and a sad imitation. Still, I wouldn’t ever bite into it. That would be haram.

I blame my interest in part on chef David Chang’s barbecue episode of Ugly Delicious, in which he takes a global tour to document varieties of the smoke-centric cuisine. He goes from the Carolinas to Beijing to Denmark and, of course, Texas, all while philosophizing over pork like Plato. There’s something undeniably pleasing about watching a snarky cowboy injecting a pig’s fat back into itself as it cooks and quipping to the camera that it was “au naturel” in a thick Texan accent. Even if you’ll never get to taste it.

It seems poetic and somewhat divine that Chang’s restaurant Momofuku Ssäm Bar is the first (and only so far) to serve the new Impossible Pork, a vegan pork marketed as healthier, greener, and—they dare suggest—tastier than the real thing. For the first time in my life, the only thing stopping me from tasting pork is a train ride into Manhattan.

I was excited when I read the news last week. But then I felt a conflict I couldn’t ignore. I grew up in a predominantly South American neighborhood. Dodging pork products has become an innate part of my daily life. Do you know how hard it is to tell your Brazilian friends you’re passing on their plans to hit an authentic rodízio? Hard! Very hard!

It’s weird to sit and ponder your relationship with a meat you’ve never eaten. But I don’t want to rush and change it forever without thinking it through. Wajahat Ali ponders this in his new book Go Back to Where You Came From: And Other Helpful Recommendations on How to Become American. He details the first time he tasted pork by accident after attempting to remove the pepperoni from a pizza and how he resented it for tasting so delicious.

“I was convinced I was going to go to hell,” Ali told me. “It wasn’t worth it. For the next two weeks I was like a character in a Poe short story. I was racked by guilt.” He was 7 years old at the time, but that guilt is familiar to lots of us. Eating pig is a sin for Muslims, but so are lots of other things that don’t nearly carry the same social weight, like gossiping, lying, or talking back to your parents. Taking or paying interest on a loan is considered a major sin in Islam, but it’s common practice for Muslims in America, particularly those who take student loans or mortgages. But eating pig is a line many Muslims around the world simply won’t cross. “You could, like, be snorting cocaine off a stripper, while taking shots of vodka and engaging in a threesome. But you’d be like, ‘No, bro, I don’t do pork. Astaghfirullah,” Ali joked.

Do you know how hard it is to tell your Brazilian friends you’re passing on their plans to hit an authentic rodízio? Hard! Very hard!

Ali told me he’s always been around pork products but has never felt tempted. Except maybe slightly by the smell of bacon. “I’ve never had bacon, but even I know just from the smell that that is just probably delicious,” he said. “Muslims will say, ‘No, man, turkey bacon, beef bacon, they’re really honest substitutes.’ I can’t do it. I can’t lie. I can’t lie to God. That is just BS.” When I asked him if he’d try a pork alternative like Impossible Pork, he said he’s interested only in the novelty. “I’ll wash it down with my Martinelli’s on New Year’s Eve,” he said, quipping about the nonalcoholic bubbly. “That’s as wild and crazy as I get. Like, how close can you get without crossing the line? Like, being an asymptote curve, it never hits the line,” he said. But he doesn’t expect it to taste like anything more than dressed up tofu.

I’ve tasted pork by accident, too. Just recently, I ordered a burger that I didn’t realize came dressed with bacon until two bites in. Servers are generally very accommodating, and in this case I received a fresh one, bacon-free. Asad Dandia, a writer and native New Yorker, tells me being bacon-conscious makes him a better Muslim. “Asking whether or not a place serves pork actually increases my spiritual consciousness, because if I’m going to dine somewhere, I’m going to want to know if they have pork on the menu. And I think the fact that I’m asking that question is me observing my religious tradition,” he said.

Dandia is a bit of a New York stereotype. He likes baseball and sometimes wishes he could just get a hot dog like other fans. He eats out a lot too and even organizes a weekly pizza crawl for his buddies. He says having vegan pork on the menu might be a game changer. “Hell yeah. Why not? It’s vegan,” he told me. “I think that’s a perfect alternative. I’m not giving a fatwa. The sheikhs are going to be all up on my case. But just from, like, a spiritual-social perspective, I don’t see any issues here.” He’s most looking forward to vegan pork making its way to South Asian cuisine. “Pork vindaloo! I never had it. I could never try it. In South Asia, there’s a big vegan palate, so I think that that would make a great combo,” he said.

And while pork is very much the ultimate taboo in many Muslim circles, there are Muslims who have tasted it on purpose. “I tried bacon just because that was what everybody hyped up. Honestly, did not match the hype,” said Layla, who insisted on speaking under an assumed name—which tells you how taboo pig really is in our community. She takes religion very seriously and acknowledges that eating pork is a sin. “I was expecting, like, the most amazing food on earth. Like, the most flavorful meat, right? It’s supposed to be like the fattiest, and it’s just supposed to blow your mind. But you know what? I’ve had beef bacon before, and that is a really good cut of meat. That is what bacon should taste like. Pork did not match the hype,” she said.

Layla first tried it in college when she moved away from home and had the freedom to choose whatever she ate. “I actually grew up eating only zabiha meat—college was also the first time where I started eating non-zabiha meat,” she said. Halal and zabiha are often used interchangeably, but while halal can mean any food that is not haram, zabiha meat must be slaughtered by a Muslim in accordance with Shariah. It’s the safest way a Muslim can eat, besides going full vegan. Layla said she’d try meatless pork but would think of it as a new protein, not as an alternative to pork itself. “I think it’s hilarious, like nonalcoholic beer. Who is it really for other than, like, pregnant women? Maybe people that give up meat really miss the taste? But as someone who has, for the most part, given up meat, I am just eating different things,” she said.

Matt Parrett ate pork up until earlier this year when he declared his shahada and became Muslim. He was born in Alabama, and is now living in Kentucky, but thinks there’s no need for a new vegan pork alternative because he’s already fallen in love with another. “Jackfruit is very similar to pork, honestly. This food truck had jackfruit tacos and pork shoulder tacos. Honestly, it was hard to tell the difference,” he told me. “Recently, we bought some turkey bacon, but it was smoked and seasoned. It was supposed to be really close to pork. I used it to make a bacon-wrapped chicken breast and mushroom sauce. And, my wife actually said it tasted so close to pork it weirded her out.” He doesn’t miss the real thing at all, he told me. “It was easy to drop from my diet.” Even so, pork substitutes never interested me for the same reason they wouldn’t interest a pitmaster; it’s not authentic.

Amani Al-Khatahtbeh, the founder of Muslim Girl, a blog for Muslim women to freely muse about the taboos in their worlds, told me she wouldn’t go near any pork, meatless or otherwise. “Socially, people have regarded pork as being, like, a Muslim kryptonite, and it’s been used in really Islamophobic ways against us. Obviously, we’re aware of the kinds of pig-coated bullets situations,” she told me, referring to a hateful stunt in which an ammo seller offered bullets supposedly dipped in pig’s blood, as if to trick God into thinking a murdered Muslim had eaten pork and ought to be damned. It’s stupid, but this is also the same class of bigot who would waste raw bacon by leaving it on door handles of masjids or their Muslim neighbor’s apartments. For Al-Khatahtbeh, the meat itself is tainted beyond repair with Islamophobic undertones. “The entire Spanish cuisine has pork in almost everything,” she told me, recalling her first trip to Spain. “That was historically a reaction to the Crusades. They did it to alienate the Muslims and to assert their Christian identity. So, I feel like pork kind of has that symbolism, maybe not necessarily for us as Muslims, like, religiously, but I think that socially it’s become used for that.” It’s true that as part of the Spanish Inquisition, Muslims and Jews alike were forced to either convert to Christianity or be expelled, and those who stayed were forced to consume pig meat in public.

Wajahat Ali told me he’s given the political underpinnings of pig a lot of thought and has decided to take what he calls “the Bugs Bunny approach.” He told me, “They want us to act like Daffy Duck and get really upset.” Instead, he makes a joke out of it. “My take on this is that pigs should love Muslims and vice versa,” pointing out that we don’t eat them, but that doesn’t mean we can’t enjoy them otherwise. “We’re not vampires, believe it or not. It’s not like garlic. We won’t melt. We won’t blow up. We’ll throw it away. And you just wasted a perfectly good pig that you could have used to eat pigs in a blanket at home. So you’re the idiot and the loser who wasted the money on, like, a perfectly good pig and somehow thought that killing it and throwing it at us will make us melt. It’ll offend us. It’s offensive. But, we’re still here. And you go ahead and eat your pork, and we’ll have a vegan pork sandwich and we’ll call it a day.”

When I hit a spiritual wall, I’ve always relied on my mom to make the complex things simple. She first laughed at my question about Impossible Pork, but when she realized I was serious, she offered a very high-minded and spiritual approach to our new halal pork world. “God made everything permissible, except pig. So it’s not like we don’t have many options. It’s not going to come to the one thing that God commanded us not to eat. Like Adam and the forbidden fruit. God told him to enjoy everything in the garden except from this one tree. Of all the food we can eat, what’s the problem with not eating just one thing?” she asked. While this new pork-less pork may offer a religious loophole for pig-curious Muslims, she doesn’t see the point. “I wouldn’t want to try it anyways,” she said, adding that just the words pork or bacon are enough to curb her appetite. “We don’t have any problems in this country. There’s plenty of halal butchers that do everything according to Islamic Shariah. Even in the supermarket near me, there’s a halal section with goat and beef. So why even approach what’s forbidden when we already have what’s halal?”

I persisted, like the stubborn son I am, and argued that it can be something we taste just to know for sure what we’re abstaining from. Maybe it’ll make us better Muslims if we know what we’re staying away from, I suggested. “Remember, Aymann, everything we do as Muslims, we must first ask, ‘How do we please God? Subhanallah,’ ” she said. “Remember when we lived in Jersey City, and someone driving by shouted out their window ‘Hey, nice costume!’ And when someone told me, ‘Take off your pajamas!’ They’re ignorant and don’t matter,” she told me. “Even when people mock us, it’s just a test that will surely be rewarded of us in the next life. So we shouldn’t think of ourselves and our Islam only through their eyes.”

Who knows how the next generation of Muslims will feel about Impossible Pork or other products? Our generation might feel singled out when only pork is on the menu, but with vegan imitations only getting better and better, it’s conceivable that the Muslims of the future will never know how that feels. The Muslims I grew up with would joke with restaurant staff, coming up with rhymes like “no pork on my fork!” to make clear our dietary commitments. The next generation might amend it to say, “Only vegan pork on my fork!”

As for me: I’m very excited to try it. My mom’s argument was persuasive, but I refuse to center the haram, allowing it to keep me from something halal. One benefit of being a Muslim minority is that I’ve learned to compartmentalize my religious identity just enough so that it doesn’t force me into reclusion. I didn’t avoid McDonald’s because they served pork; I just ordered the fish fillet. But no shame to the Muslims who insist only on eating at No Pork Halal Kitchen in Brooklyn.

In a way, pork is a fundamental part of the Muslim experience in America, even for those who try it on purpose. Our community is bound by rules meant to keep us from what hurts us. But doesn’t an Impossible Pork ragu sound damn delicious? Besides, God is merciful.

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FIRST BANCORP, INC / ME / Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q) Fri, 05 Nov 2021 14:09:06 +0000

The First Bancorp, Inc. and Subsidiary
Forward-Looking Statements
This report contains statements that are "forward-looking statements." We may
also make written or oral forward-looking statements in other documents we file
with the Securities and Exchange Commission ("SEC"), in our annual reports to
shareholders, in press releases and other written materials, and in oral
statements made by our officers, directors or employees. You can identify
forward-looking statements by the use of the words "believe," "expect,"
"anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and
other expressions that predict or indicate future events and trends and which do
not relate to historical matters. You should not rely on forward-looking
statements, because they involve known and unknown risks, uncertainties and
other factors, some of which are beyond the control of the Company. These risks,
uncertainties and other factors may cause the actual results, performance or
achievements of the Company to be materially different from the anticipated
future results, performance or achievements expressed or implied by the
forward-looking statements.
Some of the factors that might cause these differences include the following:
changes in general national, regional or international economic conditions or
conditions affecting the banking or financial services industries or financial
capital markets, volatility and disruption in national and international
financial markets, government intervention in the U.S. financial system,
reductions in net interest income resulting from interest rate volatility as
well as changes in the balance and mix of loans and deposits, reductions in the
market value of wealth management assets under administration, changes in the
value of securities and other assets, reductions in loan demand, changes in loan
collectability, default and charge-off rates, changes in the size and nature of
the Company's competition, changes in legislation or regulation and accounting
principles, policies and guidelines, uncertainties with respect to the duration,
nature, and extent of the COVID-19 pandemic and its consequences, and changes in
the assumptions used in making such forward-looking statements. In addition, the
factors described under "Risk Factors" in Item 1A of our Annual Report on Form
10-K for the fiscal year ended December 31, 2020, as filed with the SEC, may
result in these differences, as well as the "Risk Factors" in Part II, Item 1A
listed below. You should carefully review all of these factors, and you should
be aware that there may be other factors that could cause these differences.
These forward-looking statements were based on information, plans and estimates
at the date of this quarterly report, and we assume no obligation to update any
forward-looking statements to reflect changes in underlying assumptions or
factors, new information, future events or other changes.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, actual results may differ materially
from the results discussed in these forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation to
republish revised forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
Readers are also urged to carefully review and consider the various disclosures
made by the Company, which attempt to advise interested parties of the facts
that affect the Company's business.
Critical Accounting Policies
Management's discussion and analysis of the Company's financial condition is
based on the consolidated financial statements which are prepared in accordance
with GAAP. The preparation of such financial statements requires Management to
make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues and expenses and related disclosure of contingent assets
and liabilities. On an ongoing basis, Management evaluates its estimates,
including those related to the allowance for loan losses, the fair value of
securities, goodwill, the valuation of mortgage servicing rights, and
other-than-temporary impairment on securities. Management bases its estimates on
historical experience and on various other assumptions that are believed to be
reasonable under the circumstances, the results of which form the basis in
making judgments about the carrying values of assets that are not readily
apparent from other sources. Actual results could differ from the amount derived
from Management's estimates and assumptions under different assumptions or
Allowance for Loan Losses. Management believes the allowance for loan losses
requires the most significant estimates and assumptions used in the preparation
of the consolidated financial statements. The allowance for loan losses is based
on Management's evaluation of the level of the allowance required in relation to
the estimated loss exposure in the loan portfolio. Management regularly
evaluates the allowance, typically monthly, to determine the appropriate level
by taking into consideration factors such as the size and growth trajectory of
the portfolio, quality trends as measured by key indicators, prior loan loss
experience in major portfolio segments, local and national business and economic
conditions, the results of any stress testing undertaken during the period, and
Management's estimation of potential losses. The use of different estimates or
assumptions could produce different provisions for loan losses.
Goodwill. Management utilizes numerous techniques to estimate the value of
various assets held by the Company, including methods to determine the
appropriate carrying value of goodwill as required under Financial Accounting
Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 350
"Intangibles - Goodwill and Other." In addition,

goodwill from a purchase acquisition is subject to ongoing periodic impairment
tests, which include an evaluation of the ongoing assets, liabilities and
revenues from the acquisition and an estimation of the impact of business
Mortgage Servicing Rights. The valuation of mortgage servicing rights is a
critical accounting policy which requires significant estimates and assumptions.
The Bank often sells mortgage loans it originates and retains the ongoing
servicing of such loans, receiving a fee for these services, generally 0.25% of
the outstanding balance of the loan per annum. Mortgage servicing rights are
recognized at fair value when they are acquired through the sale of loans, and
are reported in other assets. They are amortized into non-interest income in
proportion to, and over the period of, the estimated future net servicing income
of the underlying financial assets. The rights are subsequently carried at the
lower of amortized cost or fair value. Management uses an independent firm which
specializes in the valuation of mortgage servicing rights to determine the fair
value which is recorded on the balance sheet. The most important assumption is
the anticipated loan prepayment rate, and increases in prepayment speed results
in lower valuations of mortgage servicing rights. The valuation also includes an
evaluation for impairment based upon the fair value of the rights, which can
vary depending upon current interest rates and prepayment expectations, as
compared to amortized cost. Impairment is determined by stratifying rights by
predominant characteristics, such as interest rates and terms. The use of
different assumptions could produce a different valuation. All of the
assumptions are based on standards the Company believes would be utilized by
market participants in valuing mortgage servicing rights and are consistently
derived and/or benchmarked against independent public sources.
Fair Value of Securities. Determining a market price for securities carried at
fair value is a critical accounting estimate in the Company's financial
statements. Pricing of individual securities is subject to a number of factors
including changes in market interest rates, changes in prepayment speeds and
assumptions, changes in market tolerance for risk, and any changes in the risk
profile of the security. The Company subscribes to a widely recognized,
independent pricing service and updates carrying values no less frequently than
monthly. It also validates the values provided by the pricing service no less
frequently than quarterly by measuring against security prices provided by a
secondary source. Results of the validation are reported to the Bank's Asset
Liability Committee each quarter and any variances between the two sources above
defined thresholds are investigated by management.
Other-Than-Temporary Impairment on Securities. Another significant estimate
related to investment securities is the evaluation of other-than-temporary
impairment. The evaluation of securities for other-than-temporary impairment is
a quantitative and qualitative process, which is subject to risks and
uncertainties and is intended to determine whether declines in the fair value of
investments should be recognized in current period earnings. The risks and
uncertainties include changes in general economic conditions, the issuer's
financial condition and/or future prospects, the effects of changes in interest
rates or credit spreads and the expected recovery period of unrealized losses.
Securities that are in an unrealized loss position are reviewed at least
quarterly to determine if other-than-temporary impairment is present based on
certain quantitative and qualitative factors and measures. The primary factors
considered in evaluating whether a decline in value of securities is
other-than-temporary include: (a) the length of time and extent to which the
fair value has been less than cost or amortized cost and the expected recovery
period of the security, (b) the financial condition, credit rating and future
prospects of the issuer, (c) whether the debtor is current on contractually
obligated interest and principal payments, (d) the volatility of the securities'
market price, (e) the intent and ability of the Company to retain the investment
for a period of time sufficient to allow for recovery, which may be at maturity
and (f) any other information and observable data considered relevant in
determining whether other-than-temporary impairment has occurred, including the
expectation of receipt of all principal and interest when due.
Derivative Financial Instruments Designated as Hedges. The Company recognizes
all derivatives in the consolidated balance sheets at fair value. On the date
the Company enters into the derivative contract, the Company designates the
derivative as a hedge of either a forecasted transaction or the variability of
cash flows to be received or paid related to a recognized asset or liability
("cash flow hedge"), a hedge of the fair value of a recognized asset or
liability or of an unrecognized firm commitment ("fair value hedge"), or a held
for trading instrument ("trading instrument"). The Company formally documents
relationships between hedging instruments and hedged items, as well as its risk
management objectives and strategy for undertaking various hedge transactions.
The Bank also assesses, both at the hedge's inception and on an ongoing basis,
whether the derivatives that are used in hedging transactions are effective in
offsetting changes in cash flows or fair values of hedged items. Changes in fair
value of a derivative that is effective and that qualifies as a cash flow hedge
are recorded in other comprehensive income (loss) and are reclassified into
earnings when the forecasted transaction or related cash flows affect earnings.
Changes in fair value of a derivative that qualifies as a fair value hedge and
the change in fair value of the hedged item are both recorded in earnings and
offset each other when the transaction is effective. Those derivatives that are
classified as trading instruments include customer loan swaps, are recorded at
fair value with changes in fair value recorded in earnings. The Company
discontinues hedge accounting when it determines that the derivative is no
longer effective in offsetting changes in the cash flows of the hedged item,
that it is unlikely that the forecasted transaction will occur, or that the
designation of the derivative as a hedging instrument is no longer appropriate.
Risks and Uncertainties. As of September 30, 2021, local and state governments
in the US have eased most restrictions imposed to curtail the spread of the
global pandemic, coronavirus disease (COVID-19), however limitations in some

remain in place and are expected to remain in place in some form subsequent to
September 30, 2021. There continues to be uncertainty surrounding the duration
of the pandemic, its potential economic ramifications, and any further
government actions to mitigate them. Accordingly, while management has
considered the effect of the pandemic on collectability of loans receivable and
other business impacts, it is possible that this matter may have a further
financial impact on the Company's financial position and results of future
operations, such potential impact of which cannot be reasonably estimated.

Use of Non-GAAP Financial Measures
Certain information in Management's Discussion and Analysis of Financial
Condition and Results of Operations and elsewhere in this Report contains
financial information determined by methods other than in accordance with GAAP.
Management uses these "non-GAAP" measures in its analysis of the Company's
performance and believes that these non-GAAP financial measures provide a
greater understanding of ongoing operations and enhance comparability of results
with prior periods as well as demonstrating the effects of significant gains and
charges in the current period. The Company believes that a meaningful analysis
of its financial performance requires an understanding of the factors underlying
that performance. Management believes that investors may use these non-GAAP
financial measures to analyze financial performance without the impact of
unusual items that may obscure trends in the Company's underlying performance.
These disclosures should not be viewed as a substitute for operating results
determined in accordance with GAAP, nor are they necessarily comparable to
non-GAAP performance measures that may be presented by other companies.
In several places net interest income is presented on a fully taxable-equivalent
basis. Specifically included in interest income was tax-exempt interest income
from certain investment securities and loans. An amount equal to the tax benefit
derived from this tax exempt income has been added back to the interest income
total which, as adjusted, increased net interest income accordingly. Management
believes the disclosure of tax-equivalent net interest income information
improves the clarity of financial analysis, and is particularly useful to
investors in understanding and evaluating the changes and trends in the
Company's results of operations. Other financial institutions commonly present
net interest income on a tax-equivalent basis. This adjustment is considered
helpful in the comparison of one financial institution's net interest income to
that of another, as each will have a different proportion of tax-exempt interest
from its earning assets. Moreover, net interest income is a component of a
second financial measure commonly used by financial institutions, net interest
margin, which is the ratio of net interest income to average earning assets. For
purposes of this measure as well, other financial institutions generally use
tax-equivalent net interest income to provide a better basis of comparison from
institution to institution. The Company follows these practices. The following
table provides a reconciliation of tax-equivalent financial information to the
Company's consolidated financial statements prepared in accordance with GAAP. A
Federal Income Tax rate of 21.0% was used in 2021 and 2020.
                                            For the nine months ended     

For the quarter ended in September

                                                  September 30,                         30,
Dollars in thousands                          2021             2020             2021            2020

Net interest income as presented $ 48,607 $ 44,154 $

      17,011    $    14,745
Effect of tax-exempt income                      1,762           1,741              574            586

Net interest income, tax equivalent $ 50,369 $ 45,895 $

17,585 $ 15,331

The Company presents its efficiency ratio using non-GAAP information which is
most commonly used by financial institutions. The GAAP-based efficiency ratio is
noninterest expenses divided by net interest income plus noninterest income from
the Consolidated Statements of Income and Comprehensive Income (Loss). The
non-GAAP efficiency ratio excludes securities losses and other-than-temporary
impairment charges from noninterest expenses, excludes securities gains from
noninterest income, and adds the tax-equivalent adjustment to net interest


The following table provides a reconciliation between the GAAP and non-GAAP efficiency ratio:

                                             For the nine months ended 

September 30, For the closed quarter September 30, Dollars in thousands

                               2021                    2020                  2021                2020
Non-interest expense, as presented       $            29,302      $         

29,236 $ 9,932 $ 9,276 Net interest income, as presented

                     48,607                   44,154              17,011               14,745
Effect of tax-exempt interest income                   1,762                    1,741                 574                  586
Non-interest income, as presented                     14,584                   13,627               4,375                4,805
Effect of non-interest tax-exempt income                 124                      124                  41                   41
Net securities (gains) losses                            (22)                  (1,179)                142                    -
Adjusted net interest income plus
non-interest income                      $            65,055      $            58,467    $         22,143     $         20,177
Non-GAAP efficiency ratio                              45.04    %               50.00  %            44.85   %            45.97  %
GAAP efficiency ratio                                  46.37    %               50.60  %            46.44   %            47.45  %

The Company presents certain information based upon average tangible
shareholders' common equity instead of total average shareholders' equity. The
difference between these measures is the Company's intangible assets,
specifically goodwill from prior acquisitions. Management, banking regulators
and many stock analysts use the tangible common equity ratio and the tangible
book value per common share in conjunction with more traditional bank capital
ratios to compare the capital adequacy of banking organizations with significant
amounts of goodwill or other intangible assets, typically stemming from the use
of the purchase accounting method in accounting for mergers and acquisitions.
The following table provides a reconciliation of average tangible shareholders'
common equity to the Company's consolidated financial statements, which have
been prepared in accordance with GAAP:
                                             For the nine months ended         For the quarter ended
                                                   September 30,                   September 30,
Dollars in thousands                           2021             2020            2021            2020
Average shareholders' equity as
presented                                $      233,763    $    218,603    

$ 239,672 $ 220,465

 Less average intangible assets                 (30,971)        (29,920)        (30,994)       (29,934)
Average tangible shareholders' common
equity                                   $      202,792    $    188,683    $    208,678    $   190,531

To provide period-to-period comparison of operating results prior to
consideration of credit loss provision and income taxes, the non-GAAP measure of
Pre-Tax, Pre-Provision Net Income is presented. The following table provides a
reconciliation to Net Income:
                                             For the nine months ended     

For the quarter ended in September

                                                   September 30,                         30,
Dollars in thousands                           2021             2020             2021            2020
Net Income, as presented                 $       26,723    $     20,159    $       9,014    $     7,095
Add: provision for loan losses                    1,575           4,550              525          1,800
Add: income taxes expense                         5,591           3,836     

1,915 1,379 Net income before tax and before provisions $ 33,889 $ 28,545 $ 11,454 $ 10,274


Executive Summary
Net income for the nine months ended September 30, 2021 was $26.7 million, up
$6.6 million or 32.6% from the same period in 2020. Earnings per common share on
a fully diluted basis were $2.43 for the nine months ended September 30, 2021,
up $0.59 or 32.1% from the $1.84 posted for the same period in 2020. For the
quarter ended September 30, 2021, net income was $9.0 million, up $1.9 million
or 27.0% from the same period in 2020. Earnings per common share on a fully
diluted basis were $0.82 for the quarter ended September 30, 2021, up $0.17 or
26.2% from the $0.65 posted for the same period in 2020.
The Company posted very positive operating results during the first nine months
of 2021. Net income of $26.7 million was achieved from a combination of
increased net interest income before loan loss provision, continued strong
non-interest revenue and controlled operating expenses. Asset quality is strong
and stable. Based upon the strength of the Company's earnings, dividends
totaling 95 cents per share have been declared year-to-date, representing a
payout to our shareholders of 38.78% of basic earnings per share for the period.
Net interest income on a tax-equivalent basis was up $4.47 million or 9.7% in
the nine months ended September 30, 2021 compared to the same period in 2020.
This increase is attributable primarily to growth in earning assets along with
recognition of origination fees on Payroll Protection Plan ("PPP") loans. The
tax equivalent net interest margin for the nine months ended September 30, 2021,
was 2.94%, slightly up from 2.93% for the same period in 2020. For the quarter
ended September 30, 2021, net interest income on a tax-equivalent basis
increased $2.3 million or 14.7% compared to the same period in 2020, with the
net interest margin at 2.96% compared to 2.82% for the same period in 2020.
Non-interest income for the nine months ended September 30, 2021 was $14.6
million, up $1.0 million or 7.0%, from the nine months ended September 30, 2020.
Revenue at First National Wealth Management increased $640,000 or 23.6% over the
same period, debit card revenue was up $834,000 or 27.4% and mortgage banking
revenue increased $549,000 or 14.4%. Net gains on sales of securities for the
nine months ended September 30, 2021 were down $1.2 million, or 98.1% from the
prior year period.
Non-interest expense for the nine months ended September 30, 2021 was $29.3
million, up $66,000 or 0.2% from the nine months ended September 30, 2020.
Salaries and employee benefits increased while other operating expense decreased
over the same period.
Asset quality continues to be strong and stable. Non-performing assets stood at
0.25% of total assets as of September 30, 2021, down from 0.43% of total assets
as of September 30, 2020 and 0.32% as of December 31, 2020. Total past-due loans
were 0.25% of total loans as of September 30, 2021, down from 0.66% of total
loans as of December 31, 2020 and 0.89% as of September 30, 2020.
The provision for loan losses for the first nine months of 2021 was $1.6
million, down from the $4.6 million provisioned in the same period in 2020. The
Company continues to view it prudent to consider the uncertainties brought about
by COVID-19 and the potential impact to borrowers in its provision analysis. Net
loan chargeoffs for the nine months ended September 30, 2021 were $321,000 or
0.03% of average loans on an annualized basis. This was down from net chargeoffs
of $818,000 for the nine months ended September 30, 2020. The allowance for loan
losses increased $1.3 million between December 31, 2020 and September 30, 2021,
and now stands at 1.08% of loans outstanding as of September 30, 2021, down
slightly from 1.10% at December 31, 2020 and up slightly from 1.07% of loans
outstanding September 30, 2020.
The Company's balance sheet continued to expand in the first nine months of 2021
as total assets increased $168.4 million or 7.1% year-to-date. The loan
portfolio increased $140.5 million or 9.5% in the nine months ended September
30, 2021 and $180.6 million or 12.6% from a year ago. Loan growth in the first
nine months of 2021 was centered in commercial real estate and construction
loans, up $124.7 million, and other commercial loans, up $3.1 million. Other
commercial loans include PPP loan balances of $39.6 million, a decrease of
$20.5 million since December 31, 2020. The investment portfolio has increased
$4.2 million year-to-date and increased $11.1 million or 1.6% from a year ago.
On the liability side of the balance sheet, low-cost deposits have increased
$253.0 million or 23.5% year-to-date; this growth is attributed to a combination
of inflows from economic stimulus programs, new customer acquisition, and an
anecdotally strong summer tourism season in the Bank's market area.
Year-over-year, low-cost deposits have increased $312.0 million or 30.7%. Local
certificates of deposit ("CDs") decreased $12.1 million and wholesale CDs
decreased $78.9 million year-to-date.
Remaining well capitalized is a top priority for The First Bancorp, Inc. The
Company's total risk-based capital ratio was 14.48% as of September 30, 2021,
solidly above the well-capitalized threshold of 10.0% set by the Federal Deposit
Insurance Corporation, the Federal Reserve Board, and the Office of the
Comptroller of the Currency.
The Company's operating ratios were strong in the first nine months of 2021,
with a return on average tangible common equity of 17.62% for the nine months
ended September 30, 2021 compared to 14.27% for the same period in 2020. Our
non-GAAP efficiency ratio continues to be an important component in the
Company's overall performance and stood at 45.04% for the nine months ended
September 30, 2021 compared to 50.00% for the same period in 2020. The Company's
efficiency ratio was elevated in the first quarter of 2020 due to charges taken
to restructure several interest rate swap positions. In the absence of these
charges, the non-GAAP efficiency ratio for the first nine months of 2020 would
have been 46.87%.


Net Interest Income
Total interest income of $57.1 million for the nine months ended September 30,
2021 was a decrease of $904,000 or 1.6% compared to total interest income of
$58.0 million for the same period of 2020. Earning asset growth, along with
increased fee recognition from PPP loans, mitigated a reduction in average
earning asset yields of 0.38 percentage points. Total interest expense of $8.5
million for the nine months ended September 30, 2021 was a decrease of $5.4
million or 38.7% compared to total interest expense for the nine months ended
September 30, 2020, a function of a reduction in average cost of 0.43 percentage
points. As a result, net interest income of $48.6 million for the nine months
ended September 30, 2021 was an increase of $4.5 million or 10.1% compared to
net interest income of $44.2 million for the same period ended September 30,
2020. The Company's net interest margin on a tax-equivalent basis for the nine
months ended September 30, 2021 was 2.94%, up slightly from 2.93% for the first
nine months of 2020. Tax-exempt interest income amounted to $6.6 million for the
nine months ended September 30, 2021 compared to $6.5 million for the nine
months ended September 30, 2020.
The following tables present the amount of interest earned or paid, as well as
the average yield or rate on an annualized basis, for each major category of
assets or liabilities for the nine months and quarters ended September 30, 2021
and 2020. Tax-exempt income is calculated on a tax-equivalent basis, using a
21.0% Federal Income Tax rate.

For the nine months ended

                                                            September 30, 2021                             September 30, 2020
                                                    Amount of                Average               Amount of               Average
Dollars in thousands                                 interest               Yield/Rate              interest              Yield/Rate
Interest on earning assets
Interest-bearing deposits                        $          45                  0.11       %     $        87                  0.46       %
Investments                                             12,714                  2.45       %          15,277                  3.07       %
Loans held for sale                                         22                  1.16       %              25                  1.24       %
Loans                                                   46,063                  3.99       %          44,338                  4.23       %
  Total interest income                                 58,844                  3.43       %          59,727                  3.81       %
Interest expense
Deposits                                                 5,796                  0.47       %          11,613                  1.03       %
Other borrowings                                         2,679                  1.54       %           2,219                  1.15       %
  Total interest expense                                 8,475                  0.61       %          13,832                  1.04       %
Net interest income                              $      50,369                                   $    45,895
Interest rate spread                                                            2.82       %                                  2.77       %
Net interest margin                                                             2.94       %                                  2.93       %

                                                                                        For the quarters ended
                                                                September 30, 2021                               September 30, 2020
                                                        Amount of                  Average               Amount of               Average
Dollars in thousands                                     interest                 Yield/Rate              interest              Yield/Rate
Interest on earning assets
Interest-bearing deposits                          $         21                       0.14       %     $         8                  0.12       %
Investments                                               4,168                       2.37       %           4,898                  2.88       %
Loans held for sale                                           3                       0.97       %              19                  1.51       %
Loans                                                    15,970                       3.96       %          14,167                  3.88       %
  Total interest-earning assets                          20,162                       3.39       %          19,092                  3.52       %
Interest expense
Deposits                                                  1,650                       0.40       %           2,866                  0.75       %
Other borrowings                                            927                       1.57       %             895                  1.27       %
  Total interest expense                                  2,577                       0.54       %           3,761                  0.83       %
Net interest income                                $     17,585                                        $    15,331
Interest rate spread                                                                  2.85       %                                  2.69       %
Net interest margin                                                                   2.96       %                                  2.82       %


Interest income includes $2.9 million in net origination fees recognized during
the first nine months of 2021, attributable to PPP loans; as of September 30,
2021, net unrecognized PPP origination fees totaled $2.4 million. Interest
income in the first nine months of 2020 (program commenced in the second
quarter) included a net $788,000 in origination fees recognized on PPP loans; as
of September 30, 2020 net unrecognized PPP origination fees totaled $2.7
The following tables present changes in interest income and expense attributable
to changes in interest rates and volume for interest-earning assets and
liabilities for the nine months and quarters ended ended September 30, 2021
compared to 2020. Tax-exempt income is calculated on a tax-equivalent basis,
using a 21% Federal Income Tax rate.
For the nine months ended September 30, 2021 compared to 2020
Dollars in thousands                              Volume              Rate              Rate/Volume1            Total
Interest on earning assets
Interest-bearing deposits                      $      95          $      (66)         $         (71)         $     (42)
Investment securities                                679              (3,104)                  (138)            (2,563)
Loans held for sale                                   (2)                 (2)                     1                 (3)
Loans                                              4,549              (2,562)                  (262)             1,725
  Change in interest income                        5,321              (5,734)                  (470)              (883)
Interest expense
Deposits                                             951              (6,256)                  (512)            (5,817)
Other borrowings                                    (226)                763                    (77)               460
  Change in interest expense                         725              (5,493)                  (589)            (5,357)
  Change in net interest income                $   4,596          $     

(241) $ 119 $ 4,474

1 Represents the change attributable to a combination of change in rate and
change in volume.
For the quarter ended September 30, 2021 compared to 2020
Dollars in thousands                              Volume              Rate              Rate/Volume1            Total
Interest on earning assets
Interest-bearing deposits                      $      11          $        1          $           1          $      13
Investment securities                                153                (856)                   (27)              (730)
Loans held for sale                                  (14)                 (7)                     5                (16)
Loans                                              1,429                 340                     34              1,803
 Change in interest income                         1,579                (522)                    13              1,070
Interest expense
Deposits                                             249              (1,348)                  (117)            (1,216)
Other borrowings                                    (151)                220                    (37)                32
  Change in interest expense                          98              (1,128)                  (154)            (1,184)
  Change in net interest income                $   1,481          $      

$ 606,167 $ 2,254


Average Daily Balance Sheets
The following table shows the Company's average daily balance sheets for the
nine months and quarters ended September 30, 2021 and 2020.
                                                      For the nine months ended                        For the quarters ended
                                                September 30,           September 30,           September 30,           September 30,
 Dollars in thousands                               2021                    2020                    2021                    2020
Cash and cash equivalents                     $       23,152          $     

19 336 $ 25,195 $ 24,995
Interest-bearing deposits in other banks

              53,251                  25,386                  59,939                  25,558
Securities available for sale                        306,007                 321,834                 311,212                 318,080
Securities to be held to maturity                    378,526                 332,467                 377,879                 348,185
Restricted equity securities, at cost                  9,539                  10,252                   8,839                  10,545
Loans held for sale                                    2,530                   2,701                   1,228                   4,998
Loans                                              1,543,142               1,399,539               1,599,728               1,453,139
Allowance for loan losses                            (16,788)                (12,850)                (17,180)                (14,552)
   Net loans                                       1,526,354               1,386,689               1,582,548               1,438,587
Accrued interest receivable                            9,686                   9,144                   8,714                   9,947
Premises and equipment                                28,862                  20,971                  29,378                  20,611
Other real estate owned                                  325                     527                      71                     845
Goodwill                                              30,646                  29,805                  30,646                  29,805
Other assets                                          46,040                  51,482                  45,463                  53,131
    Total Assets                              $    2,414,918          $    2,210,594          $    2,481,112          $    2,285,287

Liabilities & Shareholders' Equity
Demand deposits                               $      291,641          $      198,196          $      331,546          $      234,898
NOW deposits                                         544,789                 419,334                 566,574                 452,758
Money market deposits                                176,767                 165,465                 185,745                 165,964
Savings deposits                                     328,648                 253,110                 342,501                 271,035
Certificates of deposit                              584,470                 673,005                 558,563                 631,581
   Total deposits                                  1,926,315               1,709,110               1,984,929               1,756,236
Borrowed funds - short term                          177,110                 203,385                 178,422                 225,897
Borrowed funds - long term                            55,092                  55,097                  55,092                  55,097
Dividends payable                                        796                     813                     615                     848
Other liabilities                                     21,842                  23,586                  22,382                  26,744
   Total Liabilities                               2,181,155               1,991,991               2,241,440               2,064,822
Shareholders' Equity:

Common stock                                             110                     109                     110                     109
Additional paid-in capital                            65,841                  64,396                  66,232                  64,720
Retained earnings                                    168,593                 151,752                 174,123                 155,087
Net unrealized gain on securities available
for sale                                               2,047                   6,772                   1,740                   6,942
Net unrealized loss on securities transferred
from available for sale to held to maturity             (120)                   (163)                   (108)                   (143)
Net unrealized loss on cash flow hedging
derivative instruments                                (2,736)                 (4,287)                 (2,453)                 (6,274)
Net unrealized gain on postretirement benefit
costs                                                     28                      24                      28                      24
  Total Shareholders' Equity                         233,763                 218,603                 239,672                 220,465

Total liabilities and equity $ 2,414,918 $ 2,210,594 $ 2,481,112 $ 2,285,287


Non-Interest Income
Non-interest income of $14.6 million for the nine months ended September 30,
2021 is an increase of $1.0 million compared to the same period in 2020. Revenue
at First National Wealth Management increased $640,000 or 23.6% over the same
period, debit card revenue was up $834,000 or 27.4%, and mortgage banking
revenue increased $549,000, or 14.4%; net securities gains decreased $1.2
million year-over year. Non-interest income of $4.4 million for the quarter
ended September 30, 2021 is a decrease of $430,000 compared to the same period
in 2020; wealth management revenue increased $226,000 or 24.9% from the prior
year quarter and debit card income increased $268,000, or 25.2%; the gains were
offset by a decrease in mortgage banking revenue of $884,000, or 46.2%
year-over-year, and a decrease in net securities gains of $142,000. The
period-to-period decrease in mortgage banking revenue is a reflection of
extraordinary results in the third quarter of 2020; quarterly mortgage banking
revenue remains well above pre-pandemic norms.

Non-Interest Expense
Non-interest expense of $29.3 million for the nine months ended September 30,
2021 is an increase of 0.2% or $66,000 compared to non-interest expense of $29.2
million for the same period in 2020. Salaries and employee benefits increased
while other operating expense decreased over the same period. The Company's
non-GAAP efficiency ratio stood at 45.04% for the nine months ended September
30, 2021, down from 50.00% for the same period in 2020. The Company's efficiency
ratio was elevated in the first quarter of 2020 due to the charges taken to
restructure interest rate swap positions. In the absence of these charges, the
non-GAAP efficiency ratio for the first nine months of 2020 would have been

Income Taxes
Income taxes on operating earnings were $5.6 million for the nine months ended
September 30, 2021, up $1.8 million from the same period in 2020.


The Company's investment portfolio increased by $4.2 million between
December 31, 2020 and September 30, 2021. As of September 30, 2021,
mortgage-backed securities had a carrying value of $311.9 million and a fair
value of $310.6 million. Of this total, securities with a fair value of $65.6
million or 21.1% of the mortgage-backed portfolio were issued by the Government
National Mortgage Association and securities with a fair value of $244.9 million
or 78.9% of the mortgage-backed portfolio were issued by the Federal Home Loan
Mortgage Corporation ("Freddie Mac") and the Federal National Mortgage
Association ("Fannie Mae").
The Company's investment securities are classified into two categories:
securities available for sale and securities to be held to maturity. Securities
available for sale consist primarily of debt securities which Management intends
to hold for indefinite periods of time. They may be used as part of the
Company's funds management strategy, and may be sold in response to changes in
interest rates, prepayment risk and liquidity needs, to increase capital ratios,
or for other similar reasons. Securities to be held to maturity consist
primarily of debt securities that the Company has acquired solely for long-term
investment purposes, rather than potential future sale. For securities to be
categorized as held to maturity, Management must have the intent and the Company
must have the ability to hold such investments until their respective maturity
dates. The Company does not hold trading account securities.
All investment securities are managed in accordance with a written investment
policy adopted by the Board of Directors. It is the Company's general policy
that investments for either portfolio be limited to government debt obligations,
time deposits, and corporate bonds or commercial paper with one of the three
highest ratings given by a nationally recognized rating agency. The portfolio is
currently invested primarily in U.S. Government agency securities and tax-exempt
obligations of states and political subdivisions. The individual securities have
been selected to enhance the portfolio's overall yield while not materially
adding to the Company's level of interest rate risk.
During the third quarter of 2014, the Company transferred securities with a
total amortized cost of $89,780,000 and a corresponding fair value of
$89,757,000 from available for sale to held to maturity. The net unrealized
loss, net of taxes, on these securities at the date of the transfer was $15,000.
The net unrealized holding loss at the time of transfer continues to be reported
in accumulated other comprehensive income (loss), net of tax and is amortized
over the remaining lives of the securities as an adjustment of the yield. The
amortization of the net unrealized loss reported in accumulated other
comprehensive income (loss) will offset the effect on interest income of the
discount for the transferred securities. The remaining unamortized balance of
the net unrealized losses for the securities transferred from available for sale
to held to maturity was $99,000 at September 30, 2021. This compares to $133,000
and $139,000, net of taxes, at December 31, 2020 and September 30, 2020,
respectively. These securities were transferred as a part of the Company's
overall investment and balance sheet strategies.


The following table shows the Company’s investment securities at their book value as of September 30, 2021 and 2020 and December 31, 2020.

                                      September 30,       December 31,       September 30,
Dollars in thousands                       2021               2020                2020
Securities available for sale
U.S. Government-sponsored agencies   $       21,939      $      22,730      $       27,497
Mortgage-backed securities                  247,253            243,406      


State and political subdivisions             35,179             39,474              36,219
Asset-backed securities                       4,853              7,766                   -
                                     $      309,224      $     313,376      $      340,140
Securities to be held to maturity
U.S. Government-sponsored agencies   $       35,600      $      44,149      $       26,146
Mortgage-backed securities                   64,651             53,594      


State and political subdivisions            254,198            245,620             245,152

Corporate securities                         21,250             22,250              17,250
                                     $      375,699      $     365,613      $      331,962
Restricted equity securities
Federal Home Loan Bank Stock         $        7,802      $       9,508      $        9,508
Federal Reserve Bank Stock                    1,037              1,037               1,037
                                     $        8,839      $      10,545      $       10,545
Total securities                     $      693,762      $     689,534      $      682,647


The following table sets forth yields and contractual maturities of the
Company's investment securities as of September 30, 2021. Yields on tax-exempt
securities have been computed on a tax-equivalent basis using a tax rate of 21%.
Mortgage-backed securities are presented according to their final contractual
maturity date, while the calculated yield takes into effect the intermediate
cash flows from repayment of principal which results in a much shorter average
                                                                   Available For Sale                                 Held to Maturity
                                                           Fair                                            Amortized
 Dollars in thousands                                      Value             Yield to maturity               Cost              Yield to maturity

we Government sponsored agencies

 Due in 1 year or less                                 $        -                    0.00         %      $        -                    0.00         %
 Due in 1 to 5 years                                            -                    0.00         %               -                    0.00         %
 Due in 5 to 10 years                                       9,579                    1.17         %          17,650                    1.65         %
 Due after 10 years                                        12,360                    2.00         %          17,950                    2.06         %
 Total                                                     21,939                    1.64         %          35,600                    1.85         %
 Mortgage-Backed Securities
 Due in 1 year or less                                          -                    0.00         %             153                  (24.09)        %
 Due in 1 to 5 years                                        6,164                    3.50         %           1,466                    2.11         %
 Due in 5 to 10 years                                      16,054                    2.88         %           4,896                    2.81         %
 Due after 10 years                                       225,035                    1.44         %          58,136                    1.32         %
 Total                                                    247,253                    1.59         %          64,651                    1.39         %

State and political subdivisions

 Due in 1 year or less                                          -                    0.00         %           2,885                    5.98         %
 Due in 1 to 5 years                                          365                    6.15         %          11,150                    4.89         %
 Due in 5 to 10 years                                      12,767                    4.00         %         133,993                    4.40         %
 Due after 10 years                                        22,047                    3.74         %         106,170                    3.70         %
 Total                                                     35,179                    3.86         %         254,198                    4.15         %
 Asset-Backed Securities
Due in 1 year or less                                           -                    0.00         %               -                    0.00         %
Due in 1 to 5 years                                             -                    0.00         %               -                    0.00         %
Due in 5 to 10 years                                            -                    0.00         %               -                    0.00         %
Due after 10 years                                          4,853                    0.89         %               -                    0.00         %
Total                                                       4,853                    0.89         %               -                    0.00         %
 Corporate Securities
 Due in 1 year or less                                          -                    0.00         %             750                    1.00         %
 Due in 1 to 5 years                                            -                    0.00         %           6,000                    5.38         %
 Due in 5 to 10 years                                           -                    0.00         %          14,500                    4.40         %
 Due after 10 years                                             -                    0.00         %               -                    0.00         %
 Total                                                          -                    0.00         %          21,250                    4.56         %

                                                       $  309,224                    1.82         %      $  375,699                    3.48         %

Impaired Securities
The securities portfolio contains certain securities where the amortized cost of
which exceeds fair value, which at September 30, 2021 amounted to $8.5 million,
or 1.27% of the amortized cost of the total securities portfolio. At
December 31, 2020, this amount was $1.2 million, or 0.18% of the amortized cost
of total securities portfolio. As a part of the Company's ongoing security
monitoring process, the Company identifies securities in an unrealized loss
position that could potentially be other-than-temporarily impaired. If a decline
in the fair value of a debt security is judged to be other-than-temporary, the
decline related to credit loss is recorded in net realized securities losses
while the decline attributable to other factors is recorded in other
comprehensive income or loss.
The Company's evaluation of securities for impairment is a quantitative and
qualitative process intended to determine whether declines in the fair value of
investment securities should be recognized in current period earnings. The
primary factors considered in evaluating whether a decline in the fair value of
securities is other-than-temporary include: (a) the length of time and extent to
which the fair value has been less than cost or amortized cost and the expected
recovery period of the security, (b)

the financial condition, credit rating and future prospects of the issuer, (c)
whether the debtor is current on contractually obligated interest and principal
payments, (d) the volatility of the securities market price, (e) the intent and
ability of the Company to retain the investment for a period of time sufficient
to allow for recovery, which may be at maturity, and (f) any other information
and observable data considered relevant in determining whether
other-than-temporary impairment has occurred.
The Company's best estimate of cash flows uses severe economic recession
assumptions due to market uncertainty. The Company's assumptions include but are
not limited to delinquencies, foreclosure levels and constant default rates on
the underlying collateral, loss severity ratios, and constant prepayment rates.
If the Company does not expect to receive 100% of future contractual principal
and interest, an other-than-temporary impairment charge is recognized.
Estimating future cash flows is a quantitative and qualitative process that
incorporates information received from third party sources along with certain
internal assumptions and judgments regarding the future performance of the
underlying collateral.
As of September 30, 2021, the Company had temporarily impaired securities with a
fair value of $332.0 million and unrealized losses of $8.5 million, as
identified in the table below. Securities in a continuous unrealized loss
position more than twelve months amounted to $33.5 million as of September 30,
2021, compared with $3.9 million at December 31, 2020. The Company has concluded
that these securities were not other-than-temporarily impaired. This conclusion
was based on the issuer's continued satisfaction of the securities obligations
in accordance with their contractual terms and the expectation that the issuer
will continue to do so, Management's intent and ability to hold these securities
for a period of time sufficient to allow for any anticipated recovery in fair
value which may be at maturity, the expectation that the Company will receive
100% of future contractual cash flows, as well as the evaluation of the
fundamentals of the issuer's financial condition and other objective evidence.
The following table summarizes temporarily impaired securities and their
approximate fair values at September 30, 2021:
                                                        Less than 12 months                            12 months or more                                  Total
                                                  Fair Value             Unrealized             Fair Value             Unrealized            Fair Value            Unrealized
Dollars in thousands                              (Estimated)              Losses              (Estimated)               Losses             (Estimated)              Losses
U.S. Government-sponsored agencies             $       37,054          $    

(1,396) $ 16,174 $ (871) $ 53,228

          $    (2,267)
Mortgage-backed securities                            207,951               (4,207)                  17,337                 (598)               225,288               (4,805)
State and political subdivisions                       50,050               (1,348)                       -                    -                 50,050               (1,348)

Corporate Securities                                    3,465                  (35)                       -                    -                  3,465                  (35)
                                               $      298,520          $    (6,986)         $        33,511          $    (1,469)         $     332,031          $    (8,455)

For securities with unrealized losses, the following information was considered
in determining that the securities were not other-than-temporarily impaired:
Securities issued by U.S. Government-sponsored agencies and enterprises. As of
September 30, 2021, there were $2.3 million unrealized losses on these
securities compared to $333,000 unrealized losses as of December 31, 2020. All
of these securities were credit rated "AAA" or "AA+" by the major credit rating
agencies. Management believes that securities issued by U.S.
Government-sponsored agencies and enterprises have minimal credit risk, as these
agencies and enterprises play a vital role in the nation's financial markets and
does not consider these securities to be other-than-temporarily impaired at
September 30, 2021.
Mortgage-backed securities issued by U.S. Government agencies and U.S.
Government-sponsored enterprises. As of September 30, 2021, there were $4.8
million of unrealized losses on these securities compared with $812,000 at
December 31, 2020. All of these securities were credit rated "AAA" or "AA+" by
the major credit rating agencies. Management believes that securities issued by
U.S. Government agencies bear no credit risk because they are backed by the full
faith and credit of the United States and that securities issued by U.S.
Government-sponsored enterprises have minimal credit risk, as these agencies and
enterprises play a vital role in the nation's financial markets. Management
believes that the unrealized losses at September 30, 2021 were attributable to
changes in current market yields and spreads since the date the underlying
securities were purchased, and does not consider these securities to be
other-than-temporarily impaired at September 30, 2021. The Company also has the
ability and intent to hold these securities until a recovery of their amortized
cost, which may be at maturity.
Obligations of state and political subdivisions. As of September 30, 2021, there
were $1.3 million of unrealized losses on these securities compared to $3,000 at
December 31, 2020. Municipal securities are supported by the general taxing
authority of the municipality or a dedicated revenue stream, and, in the case of
school districts, are generally supported by state aid. At September 30, 2021,
all municipal bond issuers were current on contractually obligated interest and
principal payments. The Company attributes the unrealized losses at
September 30, 2021 to changes in prevailing market yields and pricing spreads

since the date the underlying securities were purchased, combined with current
market liquidity conditions and the disruption in the financial markets in
general. Accordingly, the Company does not consider these municipal securities
to be other-than-temporarily impaired at September 30, 2021.
Corporate securities. As of September 30, 2021, there were $35,000 of unrealized
losses on these securities compared to $2,000 at December 31, 2020. Corporate
securities are dependent on the operating performance of the issuers. At
September 30, 2021, all corporate bond issuers were current on contractually
obligated interest and principal payments.

Federal Home Loan Bank Stock
The Bank is a member of the Federal Home Loan Bank ("FHLB") of Boston, a
cooperatively owned wholesale bank for housing and finance in the six New
England States. As a requirement of membership in the FHLB, the Bank must own a
minimum required amount of FHLB stock, calculated periodically based primarily
on its level of borrowings from the FHLB. The Bank uses the FHLB for much of its
wholesale funding needs. As of September 30, 2021, the Bank's investment in FHLB
stock totaled $7.8 million. This compares to $9.5 million as of December 31,
2020 and $9.5 million as of September 30, 2020. FHLB stock is a non-marketable
equity security and therefore is reported at cost, subject to adjustments for
any observable market transactions on the same or similar instruments of the
investee. No impairment losses have been recorded through September 30, 2021.
The Company will continue to monitor its investment in FHLB stock.

Loans Held for Sale
Loans held for sale are carried at the lower of cost or market value. As of
September 30, 2021, the Bank had $1.4 million in loans held for sale. This
compares to $5.9 million loans held for sale at December 31, 2020 and $6.4
million loans held for sale at September 30, 2020. The Bank participates in
FHLB's Mortgage Partnership Finance Program ("MPF"), selling loans with
recourse. The volume of loans sold to date through the MPF program is de
minimis; therefore, there was minimum impact on the reserve.
The loan portfolio increased during the first nine months of 2021, with total
loans at $1.62 billion at September 30, 2021, up $140.5 million or 9.5% from
total loans of $1.48 billion at December 31, 2020. Commercial loans increased
$127.8 million or 16.3% between December 31, 2020 and September 30, 2021,
municipal loans decreased $3.2 million or 7.2%, residential term loans increased
$15.7 million, residential construction increased $7.8 million, and home equity
lines of credit decreased $5.2 million. Loans made under the U.S. Small Business
Administration's PPP accounted for $39.6 million of commercial loans as of
September 30, 2021.
Commercial loans are comprised of three major classes: commercial real estate
loans, commercial construction loans and other commercial loans.
Commercial real estate loans consist of mortgage loans to finance investments in
real property such as multi-family residential, commercial/retail, office,
industrial, hotels, educational and other specific or mixed use properties.
Commercial real estate loans are typically written with amortizing payment
structures. Collateral values are determined based on appraisals and evaluations
in accordance with established policy and regulatory guidelines. Commercial real
estate loans typically have a loan-to-value ratio of up to 80% based upon
current valuation information at the time the loan is made. Commercial real
estate loans are primarily paid by the cash flow generated from the real
property, such as operating leases, rents, or other operating cash flows from
the borrower.
Commercial construction loans consist of loans to finance construction in a mix
of owner- and non-owner occupied commercial real estate properties. Commercial
construction loans typically have a construction phase of less than two years,
followed by a repayment phase. Payment structures during the construction period
are typically on an interest only basis, although principal payments may be
established depending on the type of construction project being financed. During
the construction phase, commercial construction loans are primarily paid by cash
flow generated from the construction project or other operating cash flows from
the borrower or guarantors, if applicable. At the end of the construction
period, loan repayment typically comes from a third party source in the event
that the Company will not be providing permanent term financing. Collateral
valuation and loan-to-value guidelines follow those for commercial real estate
Other commercial loans consist of revolving and term loan obligations extended
to business and corporate enterprises for the purpose of financing working
capital and or capital investment. Collateral generally consists of pledges of
business assets including, but not limited to, accounts receivable, inventory,
plant and equipment, and/or real estate, if applicable. Commercial loans are
primarily paid by the operating cash flow of the borrower. Commercial loans may
be secured or unsecured.
Municipal loans are comprised of loans to municipalities in Maine for
capitalized expenditures, construction projects or tax-anticipation notes. All
municipal loans are considered general obligations of the municipality and are
collateralized by the taxing ability of the municipality for repayment of debt.
Residential loans are comprised of two classes: term loans and construction

Residential term loans consist of residential real estate loans held in the
Company's loan portfolio made to borrowers who demonstrate the ability to make
scheduled payments with full consideration to underwriting factors. Borrower
qualifications include favorable credit history combined with supportive income
requirements and loan-to-value ratios within established policy and regulatory
guidelines. Collateral values are determined based on appraisals and evaluations
in accordance with established policy and regulatory guidelines. Residential
loans typically have a loan-to-value ratio of up to 80% based on appraisal
information at the time the loan is made. Collateral consists of mortgage liens
on one- to four-family residential properties. Loans are offered with fixed or
adjustable rates with amortization terms of up to thirty years.
Residential construction loans typically consist of loans for the purpose of
constructing single family residences to be owned and occupied by the borrower.
Borrower qualifications include favorable credit history combined with
supportive income requirements and loan-to-value ratios within established
policy and regulatory guidelines. Residential construction loans normally have
construction terms of one year or less and payment during the construction term
is typically on an interest only basis from sources including interest reserves,
borrower liquidity and/or income. Residential construction loans will typically
convert to permanent financing from the Company or have another financing
commitment in place from an acceptable mortgage lender. Collateral valuation and
loan-to-value guidelines are consistent with those for residential term loans.
Home equity lines of credit are made to qualified individuals and are secured by
senior or junior mortgage liens on owner-occupied one- to four-family homes,
condominiums, or vacation homes. The home equity line of credit typically has a
variable interest rate and is billed as interest-only payments during the draw
period. At the end of the draw period, the home equity line of credit is billed
as a percentage of the principal balance plus all accrued interest. Loan
maturities are normally 300 months. Borrower qualifications include favorable
credit history combined with supportive income requirements and combined
loan-to-value ratios usually not exceeding 80% inclusive of priority liens.
Collateral valuation guidelines follow those for residential real estate loans.
Consumer loan products including personal lines of credit and amortizing loans
made to qualified individuals for various purposes such as auto, recreational
vehicles, debt consolidation, personal expenses or overdraft protection.
Borrower qualifications include favorable credit history combined with
supportive income and collateral requirements within established policy
guidelines. Consumer loans may be secured or unsecured.
Construction loans, both commercial and residential, at 45.4% of Bank capital
are well under the regulatory guidance of 100.0% of capital at September 30,
2021. Construction loans and non-owner-occupied commercial real estate loans are
at 191.7% of Bank total capital, well under the regulatory guidance of 300.0% of
capital at September 30, 2021.
The following table summarizes the loan portfolio, by class, at September 30,
2021 and 2020 and December 31, 2020.
Dollars in thousands                 September 30, 2021                     December 31, 2020                       September 30, 2020
  Real estate                 $    550,077             34.0    %     $    442,121             29.9    %      $    407,128             28.3    %
  Construction                      73,302              4.6    %           56,565              3.8    %            52,038              3.6    %
  Other                            288,121             17.8    %          285,015             19.3    %           309,297             21.5    %
Municipal                           40,616              2.5    %           43,783              3.0    %            44,110              3.1    %
  Term                             537,811             33.3    %          522,070             35.3    %           497,667             34.6    %
  Construction                      29,358              1.8    %           21,600              1.5    %            16,101              1.2    %
Home equity line of credit          74,594              4.6    %           79,750              5.4    %            82,982              5.8    %
Consumer                            23,333              1.4    %           25,857              1.8    %            27,323              1.9    %
         Total loans          $  1,617,212            100.0    %     $ 
1,476,761            100.0    %      $  1,436,646            100.0    %


The following table sets forth certain information regarding the contractual
maturities of the Bank's loan portfolio as of September 30, 2021.
Dollars in thousands                  < 1 Year           1 - 5 Years           5 - 10 Years           > 10 Years             Total
  Real estate                       $   1,888          $     37,644          $      56,107          $   454,438          $   550,077
  Construction                              -                 6,254                 10,892               56,156               73,302
  Other                                   924               135,645                 66,259               85,293              288,121
Municipal                                   -                17,508                  9,230               13,878               40,616
  Term                                     43                 7,380                 43,645              486,743              537,811
  Construction                            210                   332                      -               28,816               29,358
Home equity line of credit              1,579                   537                    292               72,186               74,594
Consumer                                6,663                 5,998                  5,636                5,036               23,333
Total loans                         $  11,307          $    211,298          $     192,061          $ 1,202,546          $ 1,617,212

The following table presents a list of loans by category, between variable rate and fixed rate at September 30, 2021.

                                            Fixed-Rate                                   Adjustable-Rate                                      Total
Dollars in thousands               Amount              % of total                 Amount                 % of total               Amount              % of total
  Real estate                  $   460,507                28.5       %      $         89,570                 5.5       %      $   550,077                34.0       %
  Construction                      70,639                 4.4       %                 2,663                 0.2       %           73,302                 4.6       %
  Other                            260,856                16.1       %                27,265                 1.7       %          288,121                17.8       %
Municipal                           40,466                 2.5       %                   150                 0.0       %           40,616                 2.5       %
  Term                             476,388                29.5       %                61,423                 3.8       %          537,811                33.3       %
  Construction                      29,358                 1.8       %                     -                 0.0       %           29,358                 1.8       %
Home equity line of credit           2,063                 0.1       %                72,531                 4.5       %           74,594                 4.6       %
Consumer                            16,833                 1.0       %                 6,500                 0.4       %           23,333                 1.4       %
Total loans                    $ 1,357,110                83.9       %      $        260,102                16.1       %      $ 1,617,212               100.0       %

Loan Concentrations
As of September 30, 2021, the Bank had one concentration of loans in one
particular industry that exceeded 10% of its total loan portfolio. Loans to
hotels (except Casino hotels) and motels totaled $165.6 million, or 10.23% of
total loans.

Credit Risk Management and Allowance for Loan Losses
Credit risk is the risk of loss arising from the inability of a borrower to meet
its obligations. We manage credit risk by evaluating the risk profile of the
borrower, repayment sources, the nature of the underlying collateral, and other
support given current events, conditions, and expectations. We attempt to manage
the risk characteristics of our loan portfolio through various control
processes, such as credit evaluation of borrowers, establishment of lending
limits, and application of lending procedures, including the holding of adequate
collateral and the maintenance of compensating balances. However, we seek to
rely primarily on the cash flow of our borrowers as the principal source of
repayment. Although credit policies and evaluation processes are designed to
minimize our risk, Management recognizes that loan losses will occur and the
amount of these losses will fluctuate depending on the risk characteristics of
our loan portfolio, as well as general and regional economic conditions.
We provide for loan losses through the establishment of an allowance for loan
losses which represents an estimated reserve for existing losses in the loan
portfolio. We deploy a systematic methodology for determining our allowance that
includes a quarterly review process, risk rating, and adjustment to our
allowance. We classify our portfolios as either commercial or residential and
consumer and monitor credit risk separately as discussed below. We evaluate the
appropriateness of our allowance continually based on a review of all
significant loans, with a particular emphasis on nonaccruing, past due, and
other loans that we believe require special attention.

The allowance consists of four elements: (1) specific reserves for loans
evaluated individually for impairment; (2) general reserves for types or
portfolios of loans based on historical loan loss experience; (3) qualitative
reserves judgmentally adjusted for local and national economic conditions,
concentrations, portfolio composition, volume and severity of delinquencies and
nonaccrual loans, trends of criticized and classified loans, changes in credit
policies, and underwriting standards, credit administration practices, and other
factors as applicable; and (4) unallocated reserves. All outstanding loans are
considered in evaluating the appropriateness of the allowance.
Appropriateness of the allowance for loan losses is determined using a
consistent, systematic methodology, which analyzes the risk inherent in the loan
portfolio. In addition to evaluating the collectibility of specific loans when
determining the appropriateness of the allowance for loan losses, Management
also takes into consideration other factors such as changes in the mix and size
of the loan portfolio, historic loss experience, the amount of delinquencies and
loans adversely classified, economic trends, changes in credit policies, and
experience, ability and depth of lending management. The appropriateness of the
allowance for loan losses is assessed by an allocation process whereby specific
reserve allocations are made against certain adversely classified loans, and
general reserve allocations are made against segments of the loan portfolio
which have similar attributes. The Company's historical loss experience,
industry trends, and the impact of the local and regional economy on the
Company's borrowers, are considered by Management in determining the
appropriateness of the allowance for loan losses.
The allowance for loan losses is increased by provisions charged against current
earnings. Loan losses are charged against the allowance when Management believes
that the collectibility of the loan principal is unlikely. Recoveries on loans
previously charged off are credited to the allowance. While Management uses
available information to assess possible losses on loans, future additions to
the allowance may be necessary based on increases in non-performing loans,
changes in economic conditions, growth in loan portfolios, or for other reasons.
Any future additions to the allowance would be recognized in the period in which
they were determined to be necessary. In addition, various regulatory agencies
periodically review the Company's allowance for loan losses as an integral part
of their examination process. Such agencies may require the Company to record
additions to the allowance based on judgments different from those of


Our commercial portfolio includes all secured and unsecured loans to borrowers
for commercial purposes, including commercial lines of credit and commercial
real estate. Our process for evaluating commercial loans includes performing
updates on loans that we have rated for credit risk. Our non-performing
commercial loans are generally reviewed individually to determine impairment,
accrual status, and the need for specific reserves. Our methodology incorporates
a variety of risk considerations, both qualitative and quantitative.
Quantitative factors include our historical loss experience by loan type,
collateral values, financial condition of borrowers, and other factors.
Qualitative factors applied to the portfolio or segments of the portfolio may
include judgments concerning general economic conditions that may affect credit
quality, credit concentrations, the pace of portfolio growth, the direction of
risk rating movements, policy exception levels, and delinquency levels; these
qualitative factors are also considered in connection with the unallocated
portion of our allowance for loan losses.
The process of establishing the allowance with respect to the commercial loan
portfolio begins when a Loan Officer or Senior Officer (or designate) initially
assigns each loan a risk rating, using established credit criteria.
Approximately 60% of commercial loan outstanding balances, excluding SBA PPP
loans, are subject to review and validation annually by an independent
consulting firm. Additionally, commercial loan relationships with exposure
greater than or equal to $500,000 are subject to review annually by the
Company's internal credit review function. Our methodology employs Management's
judgment as to the level of losses on existing loans based on our internal
review of the loan portfolio, including an analysis of the borrowers' current
financial position, and the consideration of current and anticipated economic
conditions and their potential effects on specific borrowers and or lines of
business. In determining our ability to collect certain loans, we also consider
the fair value of any underlying collateral. We also evaluate credit risk
concentrations, including trends in large dollar exposures to related borrowers,
industry and geographic concentrations, and economic and environmental factors.

Residential, Home Equity and Consumer
Consumer, home equity and residential mortgage loans are generally segregated
into homogeneous pools with similar risk characteristics. Trends and current
conditions in these pools are analyzed and historical loss experience is
adjusted accordingly. Quantitative and qualitative adjustment factors for the
consumer, home equity and residential mortgage portfolios are consistent with
those for the commercial portfolios. Certain loans in the consumer and
residential portfolios identified as having the potential for further
deterioration are analyzed individually to confirm the appropriate risk status
and accrual status, and to determine the need for a specific reserve. Consumer
loans that are greater than 120 days past due are generally charged off.
Residential loans and home equity lines of credit that are greater than 90 days
past due are evaluated for collateral adequacy and if deficient are placed on
non-accrual status.


The unallocated portion of the allowance is intended to provide for losses that
are not identified when establishing the specific and general portions of the
allowance and is based upon Management's evaluation of various conditions that
are not directly

measured in the determination of the portfolio and loan specific allowances.
Such conditions may include general economic and business conditions affecting
our lending area, credit quality trends (including trends in delinquencies and
nonperforming loans expected to result from existing conditions), loan volumes
and concentrations, duration of the current business cycle, bank regulatory
examination results, findings of external loan review examiners, and
Management's judgment with respect to various other conditions including loan
administration and management and the quality of risk identification systems.
Management reviews these conditions quarterly. We have risk management practices
designed to ensure timely identification of changes in loan risk profiles;
however, undetected losses may exist inherently within the loan portfolio. In
response to the consequences of COVID-19, we have increased the rigor and
frequency of our loan portfolio monitoring and borrower contact, particularly
within those industry groups thought to be most vulnerable, including the
lodging, restaurant and hospitality sectors. As the economy has re-opened,
initial experience within these sectors has been generally favorable; our
Allowance for Loan Losses will be evaluated as additional information continues
to become available. The judgmental aspects involved in applying the risk
grading criteria, analyzing the quality of individual loans, and assessing
collateral values can also contribute to undetected, but probable, losses.
Consequently, there may be underlying credit risks that have not yet surfaced in
the loan-specific or qualitative metrics the Company uses to estimate its
allowance for loan losses.

The allowance for loan losses includes reserve amounts assigned to individual
loans on the basis of loan impairment. Certain loans are evaluated individually
and are judged to be impaired when Management believes it is probable that the
Company will not collect all of the contractual interest and principal payments
as scheduled in the loan agreement. Under this method, loans are selected for
evaluation based on non-accrual and/or troubled debt restructure status. A
specific reserve is allocated to an individual loan when that loan has been
deemed impaired and when the amount of a probable loss is estimable on the basis
of its collateral value, the present value of anticipated future cash flows, or
its net realizable value. At September 30, 2021, impaired loans with specific
reserves totaled $3.8 million and the amount of such reserves was $682,000. This
compares to impaired loans with specific reserves of $3.9 million at
December 31, 2020 and the amount of such reserves was $462,000.
All of these analyses are reviewed and discussed by the Directors' Loan
Committee, and recommendations from these processes provide Management and the
Board of Directors with independent information on loan portfolio condition. Our
total allowance at September 30, 2021 is considered by Management to be
appropriate to address the credit losses inherent in the loan portfolio at that
date. However, our determination of the appropriate allowance level is based
upon a number of assumptions we make about future events, which we believe are
reasonable, but which may or may not prove valid. Thus, there can be no
assurance that our charge-offs in future periods will not exceed our allowance
for loan losses or that we will not need to make additional increases in our
allowance for loan losses.
The following table summarizes our allocation of allowance by loan class as of
September 30, 2021 and 2020 and December 31, 2020. The percentages are the
portion of each loan class to total loans.
Dollars in thousands                  September 30, 2021                    December 31, 2020                     September 30, 2020
  Real estate                   $    6,499             34.0    %      $    5,178             29.9    %      $    4,761             28.3    %
  Construction                         879              4.6    %             662              3.8    %      $      607              3.6    %
  Other                              3,727             17.8    %           3,438             19.3    %      $    3,642             21.5    %
Municipal                              189              2.5    %             171              3.0    %      $      139              3.1    %
  Term                               2,761             33.3    %           2,579             35.3    %      $    2,516             34.6    %
  Construction                         142              1.8    %             102              1.5    %      $       81              1.2    %
Home equity line of credit             956              4.6    %           1,211              5.4    %      $    1,457              5.8    %
Consumer                               867              1.4    %             778              1.8    %      $      592              1.9    %
Unallocated                          1,487                -    %           2,134                -    %      $    1,576                -    %
Total                           $   17,507            100.0    %      $   16,253            100.0    %      $   15,371            100.0    %

The allowance for loan losses totaled $17.5 million at September 30, 2021,
compared to $16.3 million as of December 31, 2020 and $15.4 million as of
September 30, 2020. Management's ongoing application of methodologies to
establish the allowance include an evaluation of impaired loans for specific
reserves. These specific reserves increased $220,000 in the first nine months of
2021 from $462,000 at December 31, 2020 to $682,000 at September 30, 2021. The
specific loans that make up those categories change from period to period.
Impairment on those loans, which would be reflected in the allowance for loan
losses, might or might not exist, depending on the specific circumstances of
each loan. The portion of the reserve based upon homogeneous pools of loans
increased by $142,000 in the first nine months of 2021. The portion of the
reserve based on

qualitative factors increased $1.5 million in the first nine months of 2021 due
to a mix of factors. These included changes in various macroeconomic measures
used in the qualitative model, updated analysis of the loan portfolio in
multiple stress scenarios, and performance of COVID-19 related loan
modifications. Unallocated reserves of $2.1 million, or 13.1% of the total
reserve at December 31, 2020, decreased to $1.5 million, or 8.5% as of
September 30, 2021. After consideration of the shifts in specific, pooled and
qualitative reserves, Management determined that the unallocated portion of the
reserve at September 30, 2021 adequately addresses general imprecision related
to loan portfolio growth, along with other underlying credit risks not yet
captured in loan specific or qualitative metrics the Company uses to estimate
its allowance.
A breakdown of the allowance for loan losses as of September 30, 2021, by loan
class and allowance element, is presented in the following table:
                                        Specific            Reserves on
                                      Reserves on          Loans Based on
                                    Loans Evaluated          Historical           Reserves for
                                    Individually for            Loss               Qualitative            Unallocated
 Dollars in thousands                  Impairment            Experience              Factors               Reserves             Total Reserves
  Real estate                       $         138          $       864          $        5,497          $          -          $         6,499
  Construction                                 18                  117                     744                     -                      879
  Other                                       397                  452                   2,878                     -                    3,727
Municipal                                       -                    -                     189                     -                      189
  Term                                        129                  189                   2,443                     -                    2,761
  Construction                                  -                   10                     132                     -                      142
Home equity line of credit                      -                  109                     847                     -                      956
Consumer                                        -                  263                     604                     -                      867
Unallocated                                     -                    -                       -                 1,487                    1,487
                                    $         682          $     2,004          $       13,334          $      1,487          $        17,507

Based upon Management's evaluation, provisions are made to maintain the
allowance as a best estimate of inherent losses within the portfolio. The
provision for loan losses to maintain the allowance was $1.6 million for the
first nine months of 2021 and $4.6 million the first nine months of 2020. Net
charge-offs were $321,000 in the first nine months of 2021, down from $818,000
in the first nine months of 2020. Our allowance as a percentage of outstanding
loans was 1.08% as of September 30, 2021, down slightly from 1.10% as of
December 31, 2020, and up from 1.07% as of September 30, 2020.

The following table summarizes the activities in our allowance for loan losses
for the nine months ended September 30, 2021 and 2020 and for the year ended
December 31, 2020:
Dollars in thousands                        September 30, 2021           December 31, 2020           September 30, 2020
Balance at the beginning of period        $            16,253          $           11,639          $            11,639
Loans charged off:
  Real estate                                              71                       1,088                          532
  Construction                                              -                           -                            -
  Other                                                   286                          27                           24
Municipal                                                   -                           -                            -
  Term                                                     41                          66                           46
  Construction                                              -                           -                            -
Home equity line of credit                                  -                         153                          153
Consumer                                                  239                         327                          238
Total                                                     637                       1,661                          993
Recoveries on loans previously charged
  Real estate                                              95                           -                            -
  Construction                                              -                           -                            -
  Other                                                    83                          37                           24
Municipal                                                   -                           -                            -
  Term                                                     12                          34                           31
  Construction                                              -                           -                            -
Home equity line of credit                                 60                          22                           20
Consumer                                                   66                         132                          100
Total                                                     316                         225                          175
Net loans charged off                                     321                       1,436                          818
Provision for loan losses                               1,575                       6,050                        4,550
Balance at end of period                  $            17,507          $           16,253          $            15,371
Ratio of net loans charged off to average
loans outstanding1                                       0.03    %                   0.10    %                    0.08    %
Ratio of allowance for loan losses to
total loans outstanding                                  1.08    %                   1.10    %                    1.07    %

1 Annualized using a 365-day basis for 2021 and a 366-day basis for 2020.
In Management's opinion, the level of the provision for loan losses is
directionally consistent with the overall credit quality of our loan portfolio
and corresponding levels of nonperforming loans, as well as with the performance
of the national and local economies, including effects of the COVID-19 pandemic.

COVID-19 Impact on Loan Portfolio
The Company continues to actively work with borrowers impacted by the COVID-19
outbreak. As of September 30, 2021, a total of 1051 loan modification requests
for interest-only payments or deferred payments have been completed in
conformance with the Interagency Statement on Loan Modifications and Reporting
issued March 23, 2020, Section 4013 of the Coronavirus Aid, Relief, Economic
Security ("CARES") Act, or H.R. 133 signed December 27, 2020, which was extended
by the Supplemental Appropriations Act, representing $287.9 million in loan
balances, or approximately 18.3% of the overall loan portfolio. One of these
modifications of a de minimis amount has been classified as a Troubled Debt
Restructure since being

modified. So long as modified terms are met, loans in an active modification are
not included in past due loan totals and continue to accrue interest.
As of September 30, 2021, 59 loans totaling $6.6 million remained in their
original modification or had had a subsequent modification, representing 0.41%
of the overall portfolio. Refer to Note 3 of the financial statements for
further detail.
First National Bank is a designated SBA preferred lender and has participated in
both the 2020 (PPP1) and 2021 (PPP2) rounds of the Payroll Protection Program.
Under PPP1, 1,718 loans were granted totaling $97.8 million in funds disbursed
to qualified small businesses. The Bank has been actively working with these
borrowers to process applications for forgiveness per PPP guidelines; as of
September 30, 2021, PPP1 balances had been reduced to $656,000. Under PPP2,
1,263 loans totaling $52.1 million had been granted as of September 30, 2021,
and the outstanding balances had been reduced to $39.0 million.
The impact of the consequences of COVID-19 upon borrowers and ultimately the
Company's loan portfolio metrics remains difficult to estimate or ascertain. The
State of Maine, where most of the Bank's customers reside and/or operate
businesses has largely re-opened its economy; quarantines for out of state
visitors and limits on the size of public gatherings have been lifted. The
emergence of the Delta variant of the COVID-19 virus has not yet resulted in new
restrictions or curtailment of economic activity, but remains a threat to
economic normalization and could ultimately have a negative impact on the Bank's

Nonperforming Loans
Nonperforming loans are comprised of loans, for which based on current
information and events, it is probable that we will be unable to collect all
amounts due according to the contractual terms of the loan agreement or when
principal and interest is 90 days or more past due unless the loan is both well
secured and in the process of collection (in which case the loan may continue to
accrue interest in spite of its past due status). A loan is "well secured" if it
is secured (1) by collateral in the form of liens on or pledges of real or
personal property, including securities, that have a realizable value sufficient
to discharge the debt including accrued interest) in full, or (2) by the
guarantee of a financially responsible party. A loan is "in the process of
collection" if collection of the loan is proceeding in due course either (1)
through legal action, including judgment enforcement procedures, or, (2) in
appropriate circumstances, through collection efforts not involving legal action
which are reasonably expected to result in repayment of the debt or in its
restoration to a current status in the near future.
Generally, when a loan becomes 90 days past due it is evaluated for collateral
dependency based upon the most recent appraisal or other evaluation method. If
the collateral value is lower than the outstanding loan balance plus accrued
interest and estimated selling costs, the loan is placed on non-accrual status,
all accrued interest is reversed from interest income, and a specific reserve is
established for the difference between the loan balance and the collateral value
less selling costs, or, in certain situations, the difference between the loan
balance and the collateral value less selling costs is written off.
Concurrently, a new appraisal or valuation may be ordered, depending on
collateral type, currency of the most recent valuation, the size of the loan,
and other factors appropriate to the loan. Upon receipt and acceptance of the
new valuation, the loan may have an additional specific reserve or write down
based on the updated collateral value. On an ongoing basis, appraisals or
valuations may be done periodically on collateral dependent nonperforming loans
and an additional specific reserve or write down will be made, if appropriate,
based on the new collateral value.
Once a loan is placed on nonaccrual, it remains in nonaccrual status until the
loan is current as to payment of both principal and interest and the borrower
demonstrates the ability to pay and remain current. All payments made on
nonaccrual loans are applied to the principal balance of the loan.


Nonperforming loans, expressed as a percentage of total loans, totaled 0.39% at
September 30, 2021 compared to 0.46% at December 31, 2020 and 0.63% at
September 30, 2020. The following table shows the distribution of nonperforming
loans by class as of September 30, 2021 and 2020 and December 31, 2020:
                               September 30,       December 31,       September 30,
Dollars in thousands                2021               2020                2020
  Real estate                 $          604      $         543      $        1,771
  Construction                            23                 89                 307
  Other                                1,251              1,481                 503
Municipal                                  -                  -                   -
  Term                                 3,785              3,593               4,467
  Construction                             -                  -                   -
Home equity line of credit               482              1,015               2,063
Consumer                                   -                  -                   -
Total nonperforming loans     $        6,145      $       6,721      $        9,111

The amounts shown for total nonperforming loans do not include loans 90 or more
days past due and still accruing interest. These are loans for which we expect
to collect all amounts due, including past-due interest. As of September 30,
2021, loans 90 or more days past due and still accruing interest totaled
$229,000, compared to $1.5 million at December 31, 2020 and $1.5 million at
September 30, 2020.

Troubled Debt Restructured
A troubled debt restructured ("TDR") constitutes a restructuring of debt if the
Company, for economic or legal reasons related to the borrower's financial
difficulties, grants a concession to the borrower that it would not otherwise
consider. To determine whether or not a loan should be classified as a TDR,
Management evaluates a loan based upon the following criteria:
•The borrower demonstrates financial difficulty; common indicators include past
due status with bank obligations, substandard credit bureau reports, or an
inability to refinance with another lender, and
•The Company has granted a concession; common concession types include maturity
date extension, interest rate adjustments to below market pricing, and deferment
of payments.
As of September 30, 2021, we had 64 loans with a balance of $10.1 million that
have been restructured. This compares to 74 loans with a balance of $11.5
million and 78 loans with a balance of $13.4 million classified as TDRs as of
December 31, 2020 and September 30, 2020, respectively.
The following table shows the activity in loans classified as TDRs between
December 31, 2020 and September 30, 2021:
  Balance in Thousands of Dollars   Number of Loans   Aggregate Balance
Total at December 31, 2020                  74        $           11,534
Added in 2021                                3                       345

Loans paid off in 2021                     (13)                   (1,560)
Repayments in 2021                           -                      (268)
Total at September 30, 2021                 64        $           10,051

As of September 30, 2021, 42 loans with an aggregate balance of $8.1 million
were performing under the modified terms, 19 loans with an aggregate balance of
$1.6 million were on nonaccrual and three loans with an aggregate balance of
$261,000 were more than 30 days past due and accruing. As a percentage of
aggregate outstanding balance, 80.9% were performing under the modified terms,
16.4% were on nonaccrual and 2.7% were past due and still accruing.


The performance status of all RDTs at September 30, 2021, as well as the associated specific reserve in the allowance for loan losses, are summarized by loan type in the following table.

                                Performing    30+ Days Past Due        On           All
 In thousands of dollars       As Modified       and Accruing      Nonaccrual      TDRs
  Real estate                 $     2,196    $             -      $       42    $  2,238
  Construction                        681                  -               -         681
  Other                               242                261             380         883
Municipal                               -                  -               -           -
  Term                              4,994                  4           1,226       6,224
  Construction                          -                  -               -           -
Home equity line of credit             21                  -               -          21
Consumer                                -                  4               -           4
                              $     8,134    $           269      $    1,648    $ 10,051
Percent of balance                   80.9  %             2.7    %       16.4  %    100.0  %
Number of loans                        42                  3              19          64
Associated specific reserve   $       227    $           261      $      148    $    636

Residential, HELOC and consumer TDRs as of September 30, 2021 included 47 loans
with an aggregate balance of $6.2 million, and the modifications granted fell
into five major categories. Loans totaling $4.4 million had an extension of
term, allowing the borrower to repay over an extended number of years and
lowering the monthly payment to a level the borrower can afford. Loans totaling
$2.5 million had interest capitalized, allowing the borrower to become current
after unpaid interest was added to the balance of the loan and re-amortized over
the remaining life of the loan. Rate concessions were granted on loans totaling
$1.2 million. Loans with an aggregate balance of $709,000 were involved in
bankruptcy. Certain residential TDRs had more than one modification.
Commercial TDRs as of September 30, 2021 were comprised of 17 loans with a
balance of $3.8 million. Of this total, five loans with an aggregate balance of
$1.2 million had an extended period of interest-only payments, deferring the
start of principal repayment. Three loans with an aggregate balance of $303,000
had an extension of term, allowing the borrower to repay over an extended number
of years and lowering the monthly payment to a level the borrower can afford.
Three loans with an aggregate balance of $404,000 had a deferral of payment. The
remaining six loans with an aggregate balance of $1.9 million had several
different modifications.
In each case when a loan was modified, Management determined it was in the
Bank's best interest to work with the borrower with modified terms rather than
to proceed to foreclosure. Once a loan is classified as a TDR it generally
remains classified as such until the balance is fully repaid, whether or not the
loan is performing under the modified terms. As of September 30, 2021,
Management is aware of eight loans classified as TDRs that are involved in
bankruptcy with an outstanding balance of $961,000. There were also 19 loans
with an outstanding balance of $1.6 million that were classified as TDRs and on
non-accrual status, of which no loans were in the process of foreclosure.

Impaired Loans
Impaired loans include restructured loans and loans placed on non-accrual
status. These loans are measured at the present value of expected future cash
flows discounted at the loan's effective interest rate or at the fair value of
the collateral less estimated selling costs if the loan is collateral dependent.
If the measure of an impaired loan is lower than the recorded investment in the
loan, a specific reserve is established for the difference. Impaired loans
totaled $14.5 million at September 30, 2021, and have decreased $1.5 million
from December 31, 2020. There were 122 impaired loans at September 30, 2021 down
from 140 loans at December 31, 2020. Impaired commercial loans decreased
$318,000 between December 31, 2020 and September 30, 2021. The specific
allowance for impaired commercial loans increased from $299,000 at December 31,
2020 to $553,000 as of September 30, 2021, which represented the fair value
deficiencies for loans where the fair value of the collateral or net present
value of expected cash flows was estimated at less than our carrying amount of
the loan. From December 31, 2020 to September 30, 2021, impaired residential
loans decreased $632,000 and impaired home equity lines of credit decreased


The following table sets forth impaired loans as of September 30, 2021 and 2020
and December 31, 2020:
                               September 30,       December 31,       September 30,
Dollars in thousands                2021               2020                2020
  Real estate                 $        2,800      $       3,029      $        4,753
  Construction                           705                770               1,009
  Other                                1,755              1,779               1,023
Municipal                                  -                  -                   -
  Term                                 8,782              9,414              10,182
  Construction                             -                  -                   -
Home equity line of credit               503              1,039               2,364
Consumer                                   4                  8                  10
Total                         $       14,549      $      16,039      $       19,341

Past Due Loans
The Bank's overall loan delinquency ratio was 0.25% at September 30, 2021
compared to 0.66% at December 31, 2020 and 0.89% at September 30, 2020. Loans 90
days delinquent and accruing decreased from $1.5 million at December 31, 2020 to
$229,000 as of September 30, 2021. The following table sets forth loan
delinquencies as of September 30, 2021 and 2020 and December 31, 2020:
                                                   September 30,            December 31,            September 30,
Dollars in thousands                                   2021                     2020                    2020
  Real estate                                    $          259           $         555           $        2,909
  Construction                                               28                      93                       80
  Other                                                     676                   2,634                    2,676
Municipal                                                     -                       -                        -
  Term                                                    2,453                   3,955                    4,509
  Construction                                                -                       -                        -
Home equity line of credit                                  407                   2,336                    2,325
Consumer                                                    295                     149                      277
Total                                            $        4,118           $       9,722           $       12,776
Loans 30-89 days past due to total loans                   0.16    %               0.36    %                0.51    %
Loans 90+ days past due and accruing to total
loans                                                      0.01    %               0.10    %                0.10    %
Loans 90+ days past due on non-accrual to total
loans                                                      0.08    %               0.20    %                0.27    %
Total past due loans to total loans                        0.25    %               0.66    %                0.89    %

Potential Problem Loans and Loans in Process of Foreclosure
Potential problem loans consist of classified, accruing commercial and
commercial real estate loans that were between 30 and 89 days past due. Such
loans are characterized by weaknesses in the financial condition of borrowers or
collateral deficiencies. Based on historical experience, the credit quality of
some of these loans may improve due to improvements in the economy as well as
changes in collateral values or the financial condition of the borrowers, while
the credit quality of other loans may deteriorate, resulting in some amount of
loss. At September 30, 2021, there was one potential problem loan with a balance
of $261,000 or 0.02% of total loans. This compares to five loans with a balance
of $195,000 or 0.01% of total loans at December 31, 2020.
As of September 30, 2021, there were 13 loans in the process of foreclosure with
a total balance of $1,140,000. The Bank's residential foreclosure process begins
when a loan becomes 75 days past due at which time a Demand/Breach Letter is
sent to

the borrower. If the loan becomes 120 days past due, copies of the promissory
note and mortgage deed are forwarded to the Bank's attorney for review and a
complaint for foreclosure is then prepared. An authorized Bank officer signs the
affidavit certifying the validity of the documents and verification of the past
due amount which is then forwarded to the court. Once a Motion for Summary
Judgment is granted, a Period of Redemption (POR) begins which gives the
customer 90 days to cure the default. A foreclosure auction date is then set 30
days from the POR expiration date if the default is not cured.
The Bank's commercial foreclosure process begins when a loan becomes 60 days
past due, at which time a default letter is issued. At expiration of the period
to cure default, which lasts 12 days after the issuing of the default letter,
copies of the promissory note and mortgage deed are forwarded to the Bank's
attorney for review. A Notice of Statutory Power of Sale is then prepared. This
notice must be published for three consecutive weeks in a newspaper located in
the county in which the property is located. A notice also must be issued to the
mortgagor and all parties of interest 21 days prior to the sale. The foreclosure
auction occurs and the Affidavit of Sale is recorded within the appropriate
county within 30 days of the sale.
The Bank's written policies and procedures for foreclosures, along with
implementation of same, are subject to annual review by its internal audit
provider.  The scope of this review includes loans held in portfolio and loans
serviced for others.  There were no issues requiring management attention in the
most recent review.  Servicing for others includes loans sold to Freddie Mac,
Fannie Mae, and the Federal Home Loan Bank of Boston through its MPF program.
The Bank follows the published guidelines of each investor.  Loans serviced for
Freddie Mac and Fannie Mae have been sold without recourse, and the Bank has no
liability for these loans in the event of foreclosure.  A de minimis volume of
loans has been sold to and serviced for MPF to date.  The Bank retains a second
loss layer credit enhancement obligation; no losses have been recorded on this
credit enhancement obligation since the Bank started selling loans to MPF in

Other Real Estate Owned
Other real estate owned and repossessed assets ("OREO") are comprised of
properties or other assets acquired through a foreclosure proceeding, or
acceptance of a deed or title in lieu of foreclosure. Real estate acquired
through foreclosure is carried at the lower of fair value less estimated cost to
sell or the cost of the asset and is not included as part of the allowance for
loan loss totals. At September 30, 2021, there were no OREO properties, compared
to December 31, 2020 when there were four properties owned with an OREO balance
of $908,000, net of an allowance for loan losses of $45,000 and September 30,
2020 when there were five properties owned with an OREO balance of $777,000, net
of an allowance for loan losses of 45,000.

The following table shows the composition of the other real estate held:

                               September 30,       December 31,       September 30,
Dollars in thousands                2021               2020                2020
Carrying Value
  Real estate                 $            -      $         445      $          222
  Construction                             -                  -                   -
  Other                                    -                  -                   -
Municipal                                  -                  -                   -
  Term                                     -                508                 600
  Construction                             -                  -                   -
Home equity line of credit                 -                  -                   -
Consumer                                   -                  -                   -
Total                                      -                953                 822
Related Allowance
  Real estate                              -                 45                  45
  Construction                             -                  -                   -
  Other                                    -                  -                   -
Municipal                                  -                  -                   -
  Term                                     -                  -                   -
  Construction                             -                  -                   -
Home equity line of credit                 -                  -                   -
Consumer                                   -                  -                   -
Total                                      -                 45                  45
Net Value
  Real estate                              -                400                 177
  Construction                             -                  -                   -
  Other                                    -                  -                   -
Municipal                                  -                  -                   -
  Term                                     -                508                 600
  Construction                             -                  -                   -
Home equity line of credit                 -                  -                   -
Consumer                                   -                  -                   -
Total                         $            0      $         908      $          777

Liquidity Management
As of September 30, 2021, the Bank had primary sources of liquidity of $1.0
billion. It is Management's opinion this is sufficient to meet liquidity needs
under a broad range of scenarios. The Bank has an additional $505.0 million in
contingent sources of liquidity, including the Federal Reserve Borrower in
Custody program, municipal and corporate securities, and correspondent bank
lines of credit. The Asset/Liability Committee ("ALCO") establishes guidelines
for liquidity in its Asset/Liability policy and monitors internal liquidity
measures to manage liquidity exposure. Based on its assessment of the liquidity
considerations described above, Management believes the Company's sources of
funding will meet anticipated funding needs.
Liquidity is the ability of a financial institution to meet maturing liability
obligations and customer loan demand.  The Bank's primary source of liquidity is
deposits, which funded 79.8% of total average assets in the first nine months of
2021, up from 77.6% a year ago. While the generally preferred funding strategy
is to attract and retain low-cost deposits, the ability to do

so is affected by competitive interest rates and terms in the marketplace. Other
sources of funding include discretionary use of purchased liabilities (e.g.,
FHLB term advances and other borrowings), cash flows from the securities
portfolios and loan repayments. Securities designated as available for sale may
also be sold in response to short-term or long-term liquidity needs although
Management has no intention to do so at this time.
The Bank has a detailed liquidity funding policy and a contingency funding plan
that provide for the prompt and comprehensive response to unexpected demands for
liquidity. Management has developed quantitative models to estimate needs for
contingent funding that could result from unexpected outflows of funds in excess
of "business as usual" cash flows. In Management's estimation, risks are
concentrated in two major categories: runoff of in-market deposit balances and
the inability to renew wholesale sources of funding. Of the two categories,
potential runoff of deposit balances would have the most significant impact on
contingent liquidity. Our modeling attempts to quantify deposits at risk over
selected time horizons. In addition to these unexpected outflow risks, several
other "business as usual" factors enter into the calculation of the adequacy of
contingent liquidity including payment proceeds from loans and investment
securities, maturing debt obligations and maturing time deposits. The Bank has
established collateralized borrowing capacity with the Federal Reserve Bank
("FRB") of Boston and also maintains additional collateralized borrowing
capacity with the FHLB in excess of levels used in the ordinary course of
business as well as Fed Funds lines with two correspondent banks and
availability through the FRB Borrower in Custody program. In the second quarter
of 2020, the Bank enrolled in the Paycheck Protection Program Liquidity Facility
("PPPLF") offered by the FRB of Boston. PPPLF offered the ability to obtain
advances dollar for dollar against the value of pledged PPP loans; per FRB
rules, the facility terminated on July 30, 2021. No PPP loans were pledged and
no PPPLF advances were taken while the facility was open.
During the first nine months of 2021, total deposits increased by $188.6 million
or 10.2% from December 31, 2020 levels. Low-cost deposits (demand, NOW, and
savings accounts) increased by $253.0 million or 23.5% in the first nine months
of 2021, money market deposits increased $26.6 million or 16.2%, and
certificates of deposit decreased $91.0 million or 15.0%. Between September 30,
2020 and September 30, 2021, total deposits increased by $270.2 million or
15.3%. Low-cost deposits increased by $312.0 million or 30.7%, money market
accounts increased $33.5 million or 21.3%, and certificates of deposit decreased
$75.4 million or 12.8%. The increase in low-cost deposits allowed for a decrease
in higher cost certificates of deposit and Borrowed Funds.
Borrowed Funds
The Company uses funding from the FHLB, the FRB and repurchase agreements
enabling it to grow its balance sheet and its revenues. This funding may also be
used to balance seasonal deposit flows or to carry out interest rate risk
management strategies, and may be used to replace or supplement other sources of
funding, including core deposits and certificates of deposit. During the nine
months ended September 30, 2021, borrowed funds decreased $28.8 million or 11.0%
from December 31, 2020; the reduction is centered in the paydown to zero of
funds advanced from FRB. Between September 30, 2020 and September 30, 2021,
borrowed funds decreased by $50.6 million or 17.8%, also centered in repayment
of funds advanced from FRB.
Shareholders' Equity
Shareholders' equity as of September 30, 2021 was $238.7 million, compared to
$223.7 million as of December 31, 2020 and $219.4 million as of September 30,
2020. The Company's earnings in the first nine months of 2021, net of dividends
declared, added to shareholders' equity. The net unrealized loss on
available-for-sale securities, net of tax, presented in accordance with FASB ASC
Topic 320 "Investments - Debt and Equity Securities" stands at $627,000 as of
September 30, 2021 compared to a gain of $5.0 million as of December 31, 2020.
The net unrealized loss on cash flow hedging derivative instruments, net of tax,
stands at $1.5 million, compared $4.9 million as of December 31, 2020.
A cash dividend of $0.32 per share was declared in the third quarter of 2021
bringing the year-to-date total to $0.95 per share. The dividend payout ratio,
which is calculated by dividing dividends declared per share by diluted earnings
per share, was 38.78% for the first nine months of 2021 compared to 49.46% for
the same period in 2020. In determining future dividend payout levels, the Board
of Directors carefully analyzes capital requirements and earnings retention, as
set forth in the Company's Dividend Policy. The ability of the Company to pay
cash dividends to its shareholders depends on receipt of dividends from its
subsidiary, the Bank. The subsidiary may pay dividends to its parent out of so
much of its net profits as the Bank's directors deem appropriate, subject to the
limitation that the total of all dividends declared by the Bank in any calendar
year may not exceed the total of its net profits of that year combined with its
retained net profits of the preceding two years. The amount available for
dividends in 2021 is this year's net income plus $28.0 million.
Financial institution regulators have established guidelines for minimum capital
ratios for banks and bank holding
companies. The net unrealized gain or loss on available for sale securities is
generally not included in computing regulatory
capital. During the first quarter of 2015, the Company adopted the new Basel III
regulatory capital framework as approved by
the federal banking agencies. In order to avoid limitations on capital
distributions, including dividend payments, the Company
must hold a capital conservation buffer of 2.5% above the adequately capitalized
risk-based capital ratios.

The Company has complied with each of the guidelines for well-capitalized ratios at September 30, 2021. The following tables show the capital ratios of the Bank and the Company at September 30, 2021 and December 31, 2020. From September 30, 2021

                   Leverage                Tier 1             Common Equity Tier 1            Total Risk-Based
Bank                                          8.51           %      13.25          %          13.25               %         14.37              %
Company                                       8.57           %      13.36          %          13.36               %         14.48              %
Adequately capitalized ratio                  4.00           %       6.00          %           4.50               %          8.00              %
Adequately capitalized ratio plus             4.00           %       8.50          %           7.00               %         10.50              %
capital conservation buffer
Well capitalized ratio (Bank only)            5.00           %       8.00          %           6.50               %         10.00              %

As of December 31, 2020                    Leverage                Tier 1             Common Equity Tier 1            Total Risk-Based
Bank                                          8.44           %      13.54          %          13.54               %         14.70              %
Company                                       8.49           %      13.66          %          13.66               %         14.82              %
Adequately capitalized ratio                  4.00           %       6.00          %           4.50               %          8.00              %
Adequately capitalized ratio plus             4.00           %       8.50          %           7.00               %         10.50              %
capital conservation buffer
Well capitalized ratio (Bank only)            5.00           %       8.00          %           6.50               %         10.00              %

The Bank maintains and annually updates a capital plan over a five year horizon;
the capital plan was last updated in the second quarter of 2021. Based upon
reasonable assumptions of growth and operating performance, the base capital
plan model projects that the Bank will be well capitalized throughout the five
year period. The base model is also stress tested for interest rate risk from
increasing and decreasing rates, credit risk in normal, elevated and severe loss
scenarios, and combinations of interest rate and credit risk. In each stress
scenario, the Bank maintained well capitalized status. To further validate its
internal results, the Bank engaged a third party consultant during the third
quarter of 2021 to conduct credit stress tests under six economic scenarios on
its June 30, 2021 loan portfolio. Three of the scenarios emulated the Federal
Reserve's Dodd Frank Act Stress Tests (DFAST), and three were developed by a
leading forecasting firm. The consultant's report applied projected credit
losses over a thirteen quarter horizon to the Bank's capital position with
immediate effect. In each of the six scenarios the Bank remained well

Off-Balance Sheet Financial Instruments and Contractual Obligations

Derivative Financial Instruments Designated as Hedges
As part of its overall asset and liability management strategy, the Bank
periodically uses derivative instruments to minimize significant unplanned
fluctuations in earnings and cash flows caused by interest rate volatility. The
Bank's interest rate risk management strategy involves modifying the re-pricing
characteristics of certain assets and/or liabilities so that change in interest
rates does not have a significant adverse effect on net interest income.
Derivative instruments that Management periodically uses as part of its interest
rate risk management strategy may include interest rate swap agreements,
interest rate floor agreements, and interest rate cap agreements.

At September 30, 2021, the Bank had nine outstanding off-balance sheet,
derivative instruments designated as cash flow hedges. These derivative
instruments were interest rate swap agreements, with notional principal amounts
totaling $210.0 million and an unrealized loss of $1.5 million, net of taxes.
The notional amounts and net unrealized gain (loss) of the financial derivative
instruments do not represent exposure to credit loss. The Bank is exposed to
credit loss only to the extent the counter-party defaults in its responsibility
to pay interest under the terms of the agreements. The credit risk in derivative
instruments is mitigated by entering into transactions with highly-rated
counterparties that Management believes to be creditworthy and by limiting the
amount of exposure to each counter-party. At September 30, 2021, the Bank's
derivative instrument counterparties were credit rated "A" by the major credit
rating agencies. The interest rate swap agreements were entered into by the Bank
to limit its exposure to rising interest rates.


The Bank also enters into swap arrangements with qualified loan customers as a
means to provide these customers with access to long-term fixed interest rates
for borrowings, and simultaneously enters into a swap contract with an approved
third- party financial institution. The terms of the contracts are designed to
offset one another resulting in their being neither a net gain or a loss. The
notional amounts of the financial derivative instruments do not represent
exposure to credit loss. The Bank is exposed to credit loss only to the extent
that either counter-party defaults in its responsibility to pay interest under
the terms of the agreements. Credit risk is mitigated by prudent underwriting of
the loan customer and financial institution counterparties. As of September 30,
2021, the Bank had six loan swap agreements in place with a total notional value
of $81.3 million.

Contractual Obligations
The following table sets forth the contractual obligations of the Company as of
September 30, 2021:
                                                    Less than 1                                                 More than 5
Dollars in thousands               Total               year             1-3 years           3-5 years              years
Borrowed funds                  $ 233,201          $  178,109          $      92          $   55,000          $          -
Operating leases                      648                  44                 81                  57                   466
Certificates of deposit           514,567             354,403            137,033              23,131                     -
Total                           $ 748,416          $  532,556          $ 137,206          $   78,188          $        466
Total loan commitments and
unused lines of credit          $ 333,697          $  333,697          $       -          $        -          $          -


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© Edgar online, source Previews

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“It is essential to me”: Princess Mako marries Kei Komuro Tue, 26 Oct 2021 07:00:00 +0000


Tokyo during COVID-19: Green spaces and the rise of telecommuting offer new lifestyle opportunities


The Japanese people are quietly preparing for the nuptials of Princess Mako, the much loved daughter of Crown Prince Akishino and Crown Princess Keiko, with her classmate, Kei Komuro. Their wedding took place on Tuesday morning October 26.

Princess Mako, who is the eldest niece of Emperor Naruhito of Japan, turned 30 on Saturday, October 23. In accordance with the current rules of the Imperial Household of Japan, the princess renounces her royal status after marriage and becomes a common member of society.

Simple and sweet, with a short press conference to spread the news to as many Japanese as possible, it was a day of transition for the now Mako and Kei Komuro.

Marriage behind closed doors

Ahead of the wedding, Princess Mako was shown leaving her family’s home for the last time, as she prepared to start her new life with Kei Komuro.

The step was both literal and metaphorical, as from that point on, Mako would still have ties to her family, but she would no longer be officially part of the Imperial Household.

Local media captured Princess Mako as she exchanged a few words with her parents, Crown Prince Akishino and Crown Princess Kiko. There was a heartwarming moment when Mako’s younger sister, Princess Kako, hugged her older sister to say goodbye.

At around 10:30 a.m. JST, local media reported that the couple had handed over the marriage registration to be processed, officially making them a husband and wife. Interestingly, from that point on, Mako was referred to in media reports as “Mako-san” instead of “Mako-sama”, an appellation reserved for those who are officially part of the imperial family.

“I love Mako-san”: couple declares devotional message

The couple held a press conference the afternoon after the wedding, to address Japanese citizens.

Princess Mako is beloved in Japan, and the unanswered questions over Mr Komuro and his family regarding loans and finances have led to reservations about the marriage among the public. The format of the press conference was mainly prepared from statements read by the couple.

The two sent each other a strong message of devotion, as Mako said “Kei-san is indispensable to me.” And for us, [the marriage] was a necessary choice to listen and protect our hearts and feelings.

Kei Komuro also echoed the warm statement, stating, “I love Mako san. I think my wish is to live my life with someone I love.

The two, like any young couple about to embark on a new adventure, also spoke about their plans for the future, as Kei Komuro said:

“I would like to make a warm home with Mako-san. At the same time, I would like to do everything in my power to support her. During happy times and even those that aren’t, I would love to be by her side and be an invaluable part of her existence.

Mako was equally fervent in her commitment to her husband, as in the coming months they are preparing to live in the United States, where Komuro trained to be a lawyer.

“We are going to start a new life. On our way, I am sure that we will encounter new difficulties. But as we have done so far, I want to keep joining forces and walking together [with him] side by side, ”she said.

The representative of the imperial house agency then announced to the 50 or so journalists present in the room that the answers to the pre-submitted questions received from the press club of the association of the imperial house, the association of publishers of Japanese magazines and the foreign correspondents’ club of Japan would be fired. in writing. The questions were not taken at the press conference itself.

Before marriage

The format of the press conference was chosen with the welfare of the Princess in mind, as she was diagnosed with Post Traumatic Stress Disorder (PTSD) following public criticism and concerns expressed about the wedding.

Kei Komuro briefly touched on this subject, expressing regret for the circumstances: which saddens me.

In fact, for Mako and Kei Komuro, the road to marriage had been a long one.

Princess Mako and Komuro first expressed their determination to get married in 2017. They reportedly met while attending the International Christian University (ICU).

The marriage between the college lovers has been delayed for two years, following financial issues apparently linked to the dispute between Komuro’s mother and his ex-fiancee. This issue has not yet been resolved.

At the October 26 press conference, Kei Komuro reiterated some of the points in the statement submitted to explain the matter, released in April 2021. He also said he plans to represent his mother as a lawyer at the ‘to come up.

“I received a positive response from my mother’s ex-fiancé and his interlocutor, a weekly journalist. I would like to do whatever I can to resolve this issue, and there is no change in whether I want him to accept the compensation money, ”Komuro said.

In 2018 and then 2020, Crown Prince Akishino spoke on the issue during press conferences on other subjects. In either case, he said his daughter would be allowed to make her own decision, but expressed hope that questions of concern to the public would be answered and the Japanese people would find the marriage to be celebrated. Otherwise, he suggested, the marriage would be allowed, but without the pomp and circumstances that would normally be accorded to a royal wedding in Japan.

Slowly but surely, however, Princess Mako and Kei Komuro’s wedding plans have moved forward.

Princess Mako paid a personal visit to greet Emperor Naruhito and Empress Masako on October 22, instead of an official imperial ceremony known as “Choken no Gi”. The princess also paid an official visit to greet Emperor Emeritus Akihito and Empress Emeritus Michiko, her grandparents, on October 25.

Empress Emerita Michiko, who just turned 87 on October 20, previously expressed affection for Princess Mako, telling the Imperial Household Agency that she would miss her.

Princess Mako said early on that she would not accept the customary lump sum payment to women of the imperial household who marry commoners and live outside the royal family of Japan.

The couple are expected to move out of the Imperial Palace and live in an apartment in Tokyo to begin preparations for their life in New York City, where Komuro trained to become a lawyer. Mako should also start working.

Komuro returned to Japan on September 27 for the wedding. The bride-to-be wore a ponytail, which sparked various reactions in Japan, but his hairstyle was a more traditional cut at the time of the wedding ceremony.


Author: Arielle Busetto

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Bank of America Near Me: Nearest banks and ATMs Mon, 25 Oct 2021 07:00:00 +0000

Ken Wolter /

Bank of America is among the four most popular and well-known American banks. In 2021, there were over 4,300 branches and 17,000 ATMs, so it’s generally convenient to find locations with the services you need nearby. Bank of America also offers a mobile app for convenient online banking, credit cards, and debit cards.

Bank of America near you

You can easily locate the nearest Bank of America branch by searching Google Maps or by visiting the Bank of America website, which has a branch locator feature. Just enter a zip code, address, city or state to get started.

If you use the Bank of America website’s locate feature, you can sort your search results by branch or ATM, and you can also filter those results according to the services you need.

Bank of America Bank Branch near me

Consumer bank branches offer a wide range of services, from setting up bank accounts to applying for home and auto loans. If you use the Bank of America website to find bank branches, you can filter your search by services offered under the Financial Center Services heading. There are several other search filters provided by Bank of America, including:

  • Dedicated business cashier
  • Glass barrier at customer service counter
  • Drive-thru counter services
  • Express Financial Center
  • Accept appointments
  • Financial Solutions Advisor
  • Mortgage specialist
  • Notary services

Bank of America ATM nearby

Using the branch locator feature on the Bank of America website, you can filter your search to list branches with ATMs. All you need to do is check the box “ATM services available”.

You can specify the type of ATM services you need, filtering the results to display branches that include:

  • Automated teller machines
  • Walk-in ATMs
  • ATMs without card
  • ATMs accepting deposits and credit card payments
  • ATMs that only allow cash withdrawals – deposits are not accepted
  • Vending machines located inside the branch

About Bank of America

Customer service

If you need help or a customer service agent, you can:

  • Call 1-800-432-1000 or try one of the other phone numbers listed by department and subject on the bank’s website. Customer service agents are generally available:
    • Monday to Friday, 8 a.m. to 11 p.m. EST
    • Saturday and Sunday, 8 a.m. to 8 p.m. EST
  • Make an appointment by logging into Bank of America Online.
  • Chat with an agent through Bank of America’s online banking portal. Note that this feature is only available for certain topics.
  • On Twitter, tweet customer service at @BofA_Help.

Business hours

You can view Bank of America’s hours of operation by branch using Google Maps and clicking on each branch. You can also access the hours of operation by branch through the Bank of America website, specifically by using the branch locator feature. It allows you to filter the results by currently open, open Saturdays and open Sundays.

Other banks, ATMs and services nearby

Bank branches


Other services

Information is correct as of October 25, 2021

This content is not provided by Bank of America. All opinions, analysis, criticism, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise approved by Bank of America.

About the Author

Brenda Zhang is a tech, finance and games writer with over a decade of writing experience and too many blogging to count. She worked in biology labs, psychology labs, tech startups and large companies. A San Francisco-based software engineer by day and interdisciplinary writer by night, she connects her seemingly unrelated experience in several areas to reveal new ideas.

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Apple’s MagSafe wallet for iPhone helped me ditch my ‘Costanza’ wallet Mon, 18 Oct 2021 07:00:00 +0000

When Apple reintroduced the MagSafe brand with the iPhone 12, it opened the door to many unique and useful accessories to enhance the experience. One of the most obvious, but unexpected, options to arrive was the Apple MagSafe Wallet.

It’s basically a leather card slot that magnetically attaches to the back of your iPhone, while still being able to carry up to three cards at the same time. However, after the introduction of Apple’s AirTags, many of us have wondered why Apple hasn’t implemented this in the MagSafe wallet.

This has led third-party accessory manufacturers to introduce new wallets or accessories in which to insert your AirTag. Then, if you’ve misplaced your wallet, you can use AirTag and the Find My app to find out where your wallet ended up.

With the iPhone 13, Apple rectified those qualms with an updated version of the MagSafe Wallet. Design-wise, it looks exactly like the one released with the iPhone 12. The biggest difference here is in the new color options:

  • Black cherry
  • Sequoia Green
  • Midnight
  • Wisteria

But we quickly learned that more was happening than it looks with this updated MagSafe Wallet. Somehow, Apple has managed to implement Find My Network Compatibility, meaning you no longer need to rely on third-party accessories or wallets.

The way the Find My integration works is actually pretty neat. Whenever the wallet is detached from your iPhone, you will receive a notification telling you where it is. When I use the wallet it has become an occasional annoyance, only because it usually happens when I am at home.

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I understand the reasoning behind this “all or nothing” mindset, but I wish there was an option to turn it off in some places. Nonetheless, it’s still there and vibrates your Apple Watch or iPhone to let you know you should probably turn around and grab your wallet.

The MagSafe 2021 wallet still has the same three cards as last year’s model, and you could probably push it to four cards if you really needed to. But that would require you to stretch the leather, with the risk of your cards falling out even with the wallet attached.

One thing I noticed almost immediately is that, at least to me, the magnets in this MagSafe wallet seem stronger than before. Whether I’m carrying Apple’s leather wallet with MagSafe or going without a case, the wallet doesn’t feel like it’s falling when it goes into a pocket.

The biggest issue with using the MagSafe Wallet compared to something like Nomad’s Card Wallet with Card for AirTag is the aforementioned Find My integration. Yes, you can get an approximate location of where your wallet may have been left behind.

However, you won’t be able to track it down the way you can with an AirTag, so you won’t get any of those nifty AR directions on your iPhone to point you in the right direction. All of this means that if your wallet is stolen, it will be bad news. But if you forget it somewhere, Find My will tell you where to go so you can get it back before it’s too late.

If you already own last year’s MagSafe Wallet, you can probably hang on to it for now. If you’ve gone for a combination like Nomad’s Card Wallet with Card for AirTag, you’d also better stick with that just because of the improved Find My features provided by AirTag.

The new MagSafe Wallet is for those who tend to lose things, want one of the new color options, and don’t already have one. Additionally, those who haven’t upgraded to the iPhone 13 will still be able to use this new wallet as it is MagSafe compatible and not limited to a specific iPhone model. All five colors are currently available at many of your favorite retailers, and they can be purchased for $ 59.

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