First Bancorp is a bank holding company. The Company offers deposit products, such as checking, savings and money market accounts, as well as time deposits, including various types of certificates of deposits (CDs) and individual retirement accounts (IRAs). It provides loans for a range of consumer and commercial purposes, including loans for business, real estate, personal uses, home improvement and automobiles. It offers residential mortgages through its Mortgage Banking Division and it offers Small Business Administration (SBA) loans to small business owners across the nation through its SBA Lending Division. It offers accounts receivable financing and factoring, inventory financing, and purchase order financing through Magnolia Financial, as well as credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, it offers Internet banking, mobile banking, cash management and bank-by-phone.