First United Corporation (FUNC)

First United Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	79.11	78.33	49.75	74.32	115.72	149.43
Investment Securities	279.54	100.69	141.87	164.27	117.33	120.91
Mortgage-Backed Securities	-	169.3	169.6	197.28	225.7	174.24
Total Investments	279.54	269.99	311.47	361.55	343.03	295.15
Gross Loans	1,502	1,481	1,407	1,279	1,154	1,168
Allowance for Loan Losses	-19.04	-18.17	-17.48	-14.64	-15.96	-16.49
Other Adjustments to Gross Loans	-0.53	-0.44	-0.34	-0.17	-0.29	-1.73
Net Loans	1,483	1,462	1,389	1,265	1,137	1,150
Property, Plant & Equipment	30.7	31.29	32.83	36.85	36.94	39.27
Goodwill	-	11	11	11	11	11
Other Intangible Assets	11.61	0.77	1.1	1.43	1.05	-
Loans Held for Sale	0.11	0.81	0.44	-	0.07	3.55
Accrued Interest Receivable	37.31	7.47	7.49	6.05	4.82	6.24
Long-Term Deferred Tax Assets	9.15	9.99	11.13	10.61	6.86	7.97
Other Real Estate Owned & Foreclosed	3.04	3.06	4.49	4.73	4.48	9.39
Other Long-Term Assets	73.99	98.14	87.31	76.95	68.43	61.82
Total Assets	2,007	1,973	1,906	1,848	1,730	1,733
Interest Bearing Deposits	1,188	1,104	1,075	1,027	923.15	937.34
Institutional Deposits	-	43.7	48.8	37.5	44.6	64.6
Non-Interest Bearing Deposits	425.78	426.74	427.67	506.61	501.63	420.43
Total Deposits	1,614	1,575	1,551	1,571	1,469	1,422
Short-Term Borrowings	50.95	65.41	45.42	64.57	57.7	49.16
Current Portion of Long-Term Debt	-	25	80	-	-	-
Accrued Interest Payable	26.58	0.49	0.61	0.15	0.14	0.39
Other Current Liabilities	1.43	1.42	1.33	1.2	0.99	0.91
Federal Home Loan Bank Debt, Long-Term	-	65	-	-	-	70
Long-Term Leases	1.23	1.38	1.56	2.37	2.76	2.96
Trust Preferred Securities	-	30.93	30.93	30.93	30.93	30.93
Pension & Post-Retirement Benefits	-	8.34	9.78	7.19	10.4	9.3
Other Long-Term Liabilities	1	20.93	23.39	19.23	15.65	16.35
Total Liabilities	1,816	1,794	1,744	1,696	1,588	1,602
Common Stock	0.07	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	21.12	20.48	23.73	24.41	23.66	30.15
Retained Earnings	197.94	189	173.9	166.34	145.49	129.69
Comprehensive Income & Other	-27.98	-30.25	-35.83	-39.03	-27.31	-28.86
Total Common Equity	191.15	179.3	161.87	151.79	141.9	131.05
Shareholders' Equity	191.15	179.3	161.87	151.79	141.9	131.05
Total Liabilities & Equity	2,007	1,973	1,906	1,848	1,730	1,733
Total Debt	173.11	187.72	157.9	97.87	91.39	153.05
Net Cash (Debt)	-94	-109.4	-108.15	-23.55	24.33	-3.62
Net Cash Per Share	-14.48	-16.73	-16.14	-3.54	3.62	-0.52
Filing Date Shares Outstanding	6.49	6.47	6.64	6.67	6.62	7
Total Common Shares Outstanding	6.49	6.47	6.64	6.67	6.62	6.99
Book Value Per Share	29.43	27.71	24.38	22.77	21.43	18.74
Tangible Book Value	179.54	167.52	149.77	139.36	129.85	120.04
Tangible Book Value Per Share	27.64	25.89	22.56	20.90	19.61	17.17

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q