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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments502484635235
Cash and cash equivalents502484635235
Total current assets:502484635235
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment393831272526
Long-term investments and receivables  1111
Long-term investments  1111
Intangible assets, net (including goodwill)111111111111
Goodwill111111111111
Deferred income tax assets7
Total noncurrent assets:604943393838
Other undisclosed assets1,3321,3121,2141,2151,2341,259
TOTAL ASSETS:1,4421,3851,3411,3181,3231,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt497849363640
Total current liabilities:497849363640
Noncurrent Liabilities
Other undisclosed liabilities1,2671,1901,1841,1681,1671,183
Total liabilities:1,3161,2671,2321,2041,2031,223
Stockholders' equity
Stockholders' equity attributable to parent126117108114121109
Preferred stock   203030
Common stock000000
Additional paid in capital323232222222
Accumulated other comprehensive loss(26)(24)(25)(21)(19)(20)
Retained earnings119109101938877
Total stockholders' equity:126117108114121109
TOTAL LIABILITIES AND EQUITY:1,4421,3851,3411,3181,3231,332

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5866605857 
Net investment income5852474645 
Financial services revenue14131212 
Cost of revenue(1)(2)(3)(4) (3)
Cost of goods and services sold  (1)(1) (1)
Provision for loan, lease, and other losses(1) 
Financial services costs(2)(3)(3) (3)
Gross profit:5764565457(3)
Operating expenses(10)(34)(30)(28)(30)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
 00101
Operating income (loss):4630272727(25)
Nonoperating income022242
Investment income, nonoperating000121
Gains (losses) on sales of other real estate00101(1)
Bank owned life insurance income 11111
Interest and debt expense(12)(8)(7)(8)(9)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(19)(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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:131157136
Other comprehensive income (loss)(2)01(3)14
Comprehensive income, net of tax, attributable to parent:1211751410

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: