First United Corporation (FUNC) financial statements (2020 and earlier)

Company profile

Business Address 19 S SECOND ST
OAKLAND, MD 21550
State of Incorp. MD
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50843954242425
Cash and cash equivalents50843954242425
Total current assets:50843954242425
Noncurrent Assets
Operating lease, right-of-use asset333 
Property, plant and equipment39383838383735
Intangible assets, net (including goodwill)11   11  
Goodwill11   11  
Deferred income tax assets7   
Total noncurrent assets:60414138493735
Other undisclosed assets1,3321,3161,3261,3251,3121,2871,263
TOTAL ASSETS:1,4421,4411,4061,4171,3851,3481,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt49503140788748
Total current liabilities:49503140788748
Noncurrent Liabilities
Other undisclosed liabilities1,2671,2611,2481,2551,1901,1461,162
Total liabilities:1,3161,3121,2791,2951,2671,2321,210
Stockholders' equity
Stockholders' equity attributable to parent126129126122117116113
Common stock0000000
Additional paid in capital32323232323232
Accumulated other comprehensive loss(26)(20)(20)(22)(24)(24)(24)
Retained earnings119118114112109108106
Total stockholders' equity:126129126122117116113
TOTAL LIABILITIES AND EQUITY:1,4421,4411,4061,4171,3851,3481,323

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues15151414171716
Net investment income15151414141313
Financial services revenue433
Cost of revenue(1) (0)(0)(1)(0)(0)
Provision for loan, lease, and other losses(1) (0)    
Financial services costs(0)(1)(0)(0)
Gross profit:14151414171616
Operating expenses(3)(2)(3)(8)(9)(9)(8)
Other operating income, net
(Noninterest Income, Other Operating Income)
    000
Operating income:1112116888
Nonoperating income0000000
Investment income, nonoperating0000000
Gains (losses) on sales of other real estate00(0)0(0)00
Bank owned life insurance income    000
Interest and debt expense(3)(3)(3)(3)(2)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5)(4)(5)1(3)(3)(3)
Income from continuing operations before income taxes:4534344
Income tax expense(1)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:3433233

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:3433233
Other comprehensive income (loss)(5)(0)23(0)0(1)
Comprehensive income (loss), net of tax, attributable to parent:(3)446232

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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