First United Corporation (FUNC)

First United Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	131.61	78.33	49.75	74.32	115.72
Investment Securities	279.53	100.69	141.87	164.27	117.33
Mortgage-Backed Securities	-	169.3	169.6	197.28	225.7
Total Investments	279.53	269.99	311.47	361.55	343.03
Gross Loans	1,522	1,481	1,407	1,279	1,154
Allowance for Loan Losses	-19.47	-18.17	-17.48	-14.64	-15.96
Other Adjustments to Gross Loans	-0.48	-0.44	-0.34	-0.17	-0.29
Net Loans	1,502	1,462	1,389	1,265	1,137
Property, Plant & Equipment	30.68	31.29	32.83	36.85	36.94
Goodwill	-	11	11	11	11
Other Intangible Assets	11.44	0.77	1.1	1.43	1.05
Loans Held for Sale	0.13	0.81	0.44	-	0.07
Accrued Interest Receivable	43.89	7.47	7.49	6.05	4.82
Long-Term Deferred Tax Assets	8.73	9.99	11.13	10.61	6.86
Other Real Estate Owned & Foreclosed	3.89	5.86	4.55	4.73	4.48
Other Long-Term Assets	75.79	95.33	87.25	76.95	68.43
Total Assets	2,087	1,973	1,906	1,848	1,730
Interest Bearing Deposits	1,282	1,104	1,075	1,027	923.15
Institutional Deposits	-	43.7	48.8	37.5	44.6
Non-Interest Bearing Deposits	453.04	426.74	427.67	506.61	501.63
Total Deposits	1,735	1,575	1,551	1,571	1,469
Short-Term Borrowings	17.66	65.41	45.42	64.57	57.7
Current Portion of Long-Term Debt	-	25	80	-	-
Accrued Interest Payable	30.99	0.49	0.61	0.15	0.14
Other Current Liabilities	1.69	1.42	1.33	1.2	0.99
Long-Term Debt	95.93	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	-	65	-	-	-
Long-Term Leases	1.18	1.38	1.56	2.37	2.76
Trust Preferred Securities	-	30.93	30.93	30.93	30.93
Pension & Post-Retirement Benefits	-	8.34	9.78	7.19	10.4
Other Long-Term Liabilities	1.22	20.93	23.39	19.23	15.65
Total Liabilities	1,884	1,794	1,744	1,696	1,588
Common Stock	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	21.55	20.48	23.73	24.41	23.66
Retained Earnings	207.28	189	173.9	166.34	145.49
Comprehensive Income & Other	-25.27	-30.25	-35.83	-39.03	-27.31
Total Common Equity	203.63	179.3	161.87	151.79	141.9
Shareholders' Equity	203.63	179.3	161.87	151.79	141.9
Total Liabilities & Equity	2,087	1,973	1,906	1,848	1,730
Total Debt	114.77	187.72	157.9	97.87	91.39
Net Cash (Debt)	16.84	-109.4	-108.15	-23.55	24.33
Net Cash Per Share	2.59	-16.73	-16.14	-3.54	3.62
Filing Date Shares Outstanding	6.5	6.47	6.64	6.67	6.62
Total Common Shares Outstanding	6.5	6.47	6.64	6.67	6.62
Book Value Per Share	31.33	27.71	24.38	22.77	21.43
Tangible Book Value	192.19	167.52	149.77	139.36	129.85
Tangible Book Value Per Share	29.57	25.89	22.56	20.90	19.61

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q