Exhibit 10 q.

         Amendments 1 and 2 to the First Bancorp 1994 Stock Option Plan

   The  following  amendments  to the First  Bancorp 1994 Stock Option Plan were
   adopted at the First Bancorp Annual Meeting of Shareholders held on April 21,
   1999.  The First Bancorp 1994 Stock Option Plan was filed as Exhibit 10(n) to
   the Company's Quarterly Report on Form 10-QSB for the quarter ended March 31,
   1994, and is incorporated herein by reference.

     Amendment  1: The last  sentence  of  Section 2 is  amended  to read:  "The
maximum number of shares that may be issued pursuant to this Plan is 370,000."

     Amendment 2: The first sentence of the second paragraph of Section 5 of the
Option  Plan  is  amended  to  read:  "On  June 1 of each  calendar  year to and
including  June 1, 2003 (or, if June 1 is not a business  day,  the  immediately
preceding  business  day (the  "Grant  Date")),  each  Eligible  Director  shall
automatically  receive from Bancorp an option to acquire  1,000 shares of common
stock at an exercise  price equal to the closing sales price of the common stock
on the Grant Date."