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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments842484635235
Cash and cash equivalents842484635235
Total current assets:842484635235
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment383831272526
Long-term investments and receivables  1111
Long-term investments  1111
Intangible assets, net (including goodwill) 1111111111
Goodwill 1111111111
Total noncurrent assets:414943393838
Other undisclosed assets1,3161,3121,2141,2151,2341,259
TOTAL ASSETS:1,4411,3851,3411,3181,3231,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt507849363640
Total current liabilities:507849363640
Noncurrent Liabilities
Other undisclosed liabilities1,2611,1901,1841,1681,1671,183
Total liabilities:1,3121,2671,2321,2041,2031,223
Stockholders' equity
Stockholders' equity attributable to parent129117108114121109
Preferred stock   203030
Common stock000000
Additional paid in capital323232222222
Accumulated other comprehensive loss(20)(24)(25)(21)(19)(20)
Retained earnings118109101938877
Total stockholders' equity:129117108114121109
TOTAL LIABILITIES AND EQUITY:1,4411,3851,3411,3181,3231,332

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6166605857 
Net investment income5752474645 
Financial services revenue414131212 
Cost of revenue(2)(2)(3)(4) (3)
Cost of goods and services sold  (1)(1) (1)
Provision for loan, lease, and other losses(0) 
Financial services costs(1)(2)(3)(3) (3)
Gross profit:5964565457(3)
Operating expenses(22)(34)(30)(28)(30)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
000101
Operating income (loss):3730272727(25)
Nonoperating income122242
Investment income, nonoperating000121
Gains (losses) on sales of other real estate00101(1)
Bank owned life insurance income011111
Interest and debt expense(11)(8)(7)(8)(9)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(11)(11)(10)(11)(2)41
Income from continuing operations before income taxes:16131210197
Income tax expense(3)(3)(7)(3)(6)(1)
Net income attributable to parent:131157136
Preferred stock dividends and other adjustments  (1)(2)(3)(3)
Net income available to common stockholders, diluted:131145103

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:131157136
Other comprehensive income (loss)401(3)14
Comprehensive income, net of tax, attributable to parent:1611751410

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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