First United Corporation (FUNC) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116 194193 
Cash and cash equivalents116 194193 
Total current assets:116 194193 
Noncurrent Assets
Operating lease, right-of-use asset2 22 
Property, plant and equipment35 3636 
Intangible assets, net (including goodwill)12 1111 
Goodwill11 1111 
Intangible assets, net (excluding goodwill)1    
Deferred income tax assets7 810 
Total noncurrent assets:56 5759 
Other undisclosed assets1,558 1,5121,529 
TOTAL ASSETS:1,730 1,7641,782 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt58 4951 
Total current liabilities:58 4951 
Noncurrent Liabilities
Other undisclosed liabilities1,530 1,5841,601 
Total liabilities:1,588 1,6331,653 
Stockholders' equity
Stockholders' equity attributable to parent142 131129 
Common stock0 00 
Additional paid in capital24 2330 
Accumulated other comprehensive loss(27) (28)(33) 
Retained earnings145 136132 
Total stockholders' equity:142 131129 
TOTAL LIABILITIES AND EQUITY:1,730 1,7641,782 

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues58 1514(44)
Net investment income  1414 
Cost of revenue  (1)(0) 
Cost of goods and services sold  (0)(0) 
Provision for loan, lease, and other losses  (1)(0) 
Gross profit:  1414 
Operating expenses  (3)(6) 
Operating income:  118 
Nonoperating income  01 
Gains on sales of other real estate  00 
Interest and debt expense  (2)(2) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (3)(2) 
Income from continuing operations before income taxes:  65 
Income tax expense  (2)(1) 
Net income available to common stockholders, diluted:  43 

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net income:  43 
Other comprehensive income (loss)  5(4) 
Comprehensive income (loss), net of tax, attributable to parent:  9(1) 

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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