FIRST UNITED CORP/MD/

mybank.com

First United Corp (NASDAQ: FUNC) is a bank holding company that operates First United Bank & Trust, a community bank serving customers in Maryland and surrounding markets. The company earns money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings, supplemented by fee-based income including trust services. First United Bank & Trust held a 33.20% deposit market share in Allegany County, Maryland, ranking first in that market as of the FDIC Deposit Market Share data cited in the FY2025 10-K filing. In Frederick County, Maryland, the bank held a 3.41% deposit market share, competing against PNC Bank, Truist Bank, Bank of America, M&T Bank, and others. Total borrowings stood at $113.6 million as of December 31, 2025, down from $186.3 million at December 31, 2024, reflecting repayment of FHLB advances and Federal Reserve Discount Window borrowings. The bank carries $95.9 million in long-term borrowings as of FY2025, including $65.0 million in FHLB advances and $30.9 million in junior subordinated debentures.