First United Corporation (FUNC)

First United Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	78.33	49.75	74.32	115.72	149.43
Investment Securities	269.99	141.87	164.27	117.33	120.91
Mortgage-Backed Securities	-	169.6	197.28	225.7	174.24
Total Investments	269.99	311.47	361.55	343.03	295.15
Gross Loans	1,481	1,407	1,279	1,154	1,168
Allowance for Loan Losses	-18.17	-17.48	-14.64	-15.96	-16.49
Other Adjustments to Gross Loans	-0.44	-0.34	-0.17	-0.29	-1.73
Net Loans	1,462	1,389	1,265	1,137	1,150
Property, Plant & Equipment	31.29	32.83	36.85	36.94	39.27
Goodwill	-	11	11	11	11
Other Intangible Assets	11.77	1.1	1.43	1.05	-
Loans Held for Sale	0.81	0.44	-	0.07	3.55
Accrued Interest Receivable	33.06	7.49	6.05	4.82	6.24
Long-Term Deferred Tax Assets	9.99	11.13	10.61	6.86	7.97
Other Real Estate Owned & Foreclosed	3.06	4.49	4.73	4.48	9.39
Other Long-Term Assets	72.54	87.31	76.95	68.43	61.82
Total Assets	1,973	1,906	1,848	1,730	1,733
Interest Bearing Deposits	1,148	1,075	1,027	923.15	937.34
Institutional Deposits	-	48.8	37.5	44.6	64.6
Non-Interest Bearing Deposits	426.74	427.67	506.61	501.63	420.43
Total Deposits	1,575	1,551	1,571	1,469	1,422
Short-Term Borrowings	65.41	45.42	64.57	57.7	49.16
Current Portion of Long-Term Debt	-	80	-	-	-
Current Portion of Leases	-	0.37	-	-	-
Accrued Interest Payable	28.89	0.61	0.15	0.14	0.39
Other Current Liabilities	1.42	1.33	1.2	0.99	0.91
Long-Term Debt	120.93	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	70
Long-Term Leases	1.38	1.19	2.37	2.76	2.96
Trust Preferred Securities	-	30.93	30.93	30.93	30.93
Pension & Post-Retirement Benefits	-	9.78	7.19	10.4	9.3
Other Long-Term Liabilities	0.86	23.39	19.23	15.65	16.35
Total Liabilities	1,794	1,744	1,696	1,588	1,602
Common Stock	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	20.48	23.73	24.41	23.66	30.15
Retained Earnings	189	173.9	166.34	145.49	129.69
Comprehensive Income & Other	-30.25	-35.83	-39.03	-27.31	-28.86
Total Common Equity	179.3	161.87	151.79	141.9	131.05
Shareholders' Equity	179.3	161.87	151.79	141.9	131.05
Total Liabilities & Equity	1,973	1,906	1,848	1,730	1,733
Total Debt	187.72	157.9	97.87	91.39	153.05
Net Cash (Debt)	-109.4	-108.15	-23.55	24.33	-3.62
Net Cash Per Share	-16.75	-16.14	-3.54	3.62	-0.52
Filing Date Shares Outstanding	6.47	6.64	6.67	6.62	7
Total Common Shares Outstanding	6.47	6.64	6.67	6.62	6.99
Book Value Per Share	27.71	24.38	22.77	21.43	18.74
Tangible Book Value	167.52	149.77	139.36	129.85	120.04
Tangible Book Value Per Share	25.89	22.56	20.90	19.61	17.17

Source: S&P Capital IQ. Banks template. Financial Sources.