For the quarter ending 2025-09-30, FUNC has $2,023,974K in assets. $1,824,875K in debts. $95,175K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 92,268 | 77,313 | ||
| Interest bearing deposits in banks | 2,907 | 1,800 | ||
| Cash and cash equivalents | 95,175 | 79,113 | ||
| Investment securities - available for sale (at fair value) | 105,060 | 103,582 | ||
| Investment securities - held to maturity, net of allowance for credit losses of 102 at september 30, 2025 and 59 at december 31, 2024 (fair value 149,130 at september 30, 2025 and 144,760 at december 31, 2024) | 172,818 | 174,951 | ||
| Equity investments not held for trading with readily determinable fair values | 1,020 | 1,008 | ||
| Restricted investment in bank stock, at cost | 4,628 | 5,815 | ||
| Loans held for sale | 861 | 110 | ||
| Loans | 1,496,762 | 1,502,481 | ||
| Unearned fees | 473 | 533 | ||
| Collectively evaluated for impairment | 19,089 | - | ||
| Allowance for credit losses | 19,089 | 19,044 | ||
| Net loans | 1,477,200 | 1,482,904 | ||
| Premises and equipment, net | 30,369 | 29,644 | ||
| Goodwill and other intangibles | 11,526 | 11,609 | ||
| Bank owned life insurance | 49,997 | 49,642 | ||
| Deferred tax assets | 8,228 | 9,151 | ||
| Other real estate owned, net | 2,718 | 3,035 | ||
| Repossessed assets | 3,043 | 2,802 | ||
| Right of use assets | 984 | 1,058 | ||
| Pension asset | 21,382 | 18,537 | ||
| Accrued interest receivable | 7,479 | 7,160 | ||
| Other assets | 31,486 | 27,350 | ||
| Total assets | 2,023,974 | 2,007,471 | ||
| Non-interest bearing deposits | 429,986 | 425,784 | ||
| Interest bearing deposits | 1,248,916 | 1,188,423 | ||
| Total deposits | 1,678,902 | 1,614,207 | ||
| Short-term borrowings | 20,207 | 50,954 | ||
| Long-term borrowings | 95,929 | 120,929 | ||
| Operating lease liability | 1,152 | 1,231 | ||
| Serp deferred compensation | 8,530 | 8,465 | ||
| Allowance for credit losses on off-balance sheet credit exposures | 981 | 995 | ||
| Accrued interest payable | 661 | 935 | ||
| Other liabilities | 16,824 | 17,179 | ||
| Dividends payable | 1,689 | 1,429 | ||
| Total liabilities | 1,824,875 | 1,816,324 | ||
| Common stock - par value 0.01 per share authorized 25,000,000 shares issued and outstanding 6,496,908 shares at september 30, 2025 and 6,471,096 at december 31, 2024 | 65 | 65 | ||
| Surplus | 21,290 | 21,121 | ||
| Retained earnings | 203,197 | 197,938 | ||
| Accumulated other comprehensive loss, net of tax | -25,453 | -27,977 | ||
| Total shareholders' equity | 199,099 | 191,147 | ||
| Total liabilities and shareholders' equity | 2,023,974 | 2,007,471 | ||
FIRST UNITED CORP MD (FUNC)
FIRST UNITED CORP MD (FUNC)