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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116 50248463
Cash and cash equivalents116 50248463
Total current assets:116 50248463
Noncurrent Assets
Operating lease, right-of-use asset2 3
Property, plant and equipment35 39383127
Long-term investments and receivables    11
Long-term investments    11
Intangible assets, net (including goodwill)12 11111111
Goodwill11 11111111
Intangible assets, net (excluding goodwill)1     
Deferred income tax assets7 7
Total noncurrent assets:56 60494339
Other undisclosed assets1,558 1,3321,3121,2141,215
TOTAL ASSETS:1,730 1,4421,3851,3411,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt58 49784936
Total current liabilities:58 49784936
Noncurrent Liabilities
Other undisclosed liabilities1,530 1,2671,1901,1841,168
Total liabilities:1,588 1,3161,2671,2321,204
Stockholders' equity
Stockholders' equity attributable to parent142 126117108114
Preferred stock     20
Common stock0 0000
Additional paid in capital24 32323222
Accumulated other comprehensive loss(27) (26)(24)(25)(21)
Retained earnings145 11910910193
Total stockholders' equity:142 126117108114
TOTAL LIABILITIES AND EQUITY:1,730 1,4421,3851,3411,318

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues58 58666058
Net investment income58 58524746
Financial services revenue141312
Cost of revenue  (1)(2)(3)(4)
Cost of goods and services sold    (1)(1)
Provision for loan, lease, and other losses  (1) 
Financial services costs(2)(3)(3)
Gross profit:58 57645654
Operating expenses(13) (10)(34)(30)(28)
Other operating income, net
(Noninterest Income, Other Operating Income)
   001
Operating income:45 46302727
Nonoperating income  0222
Investment income, nonoperating  0001
Gains on sales of other real estate  0010
Bank owned life insurance income   111
Interest and debt expense(6) (12)(8)(7)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(13) (19)(11)(10)(11)
Income from continuing operations before income taxes:26 16131210
Income tax expense(7) (3)(3)(7)(3)
Net income attributable to parent:20 131157
Preferred stock dividends and other adjustments    (1)(2)
Net income available to common stockholders, diluted:20 131145

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:20 131157
Other comprehensive income (loss)2 (2)01(3)
Comprehensive income, net of tax, attributable to parent:21 121175

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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