FIRST UNITED CORPORATION
CONSOLIDATED BALANCE SHEET (IN THOUSANDS)
March 31 Dec. 31 March 31
1994 1993 1993
(Unaud.) (*) (Unaud.)
LIABILITIES
Deposits:
Non-interest bearing deposits.......... $ 38,535 $ 41,456 $ 33,758
Interest bearing deposits.............. 327,957 327,071 329,664
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TOTAL DEPOSITS $366,492 $368,527 $363,422
Dividends payable....................... 660 1,017
Reserve for taxes, interest, and other
liabilities........................ 6,053 5,821 7,446
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TOTAL LIABILITIES $372,545 $375,008 $371,885
SHAREHOLDERS' EQUITY
Preferred Stock - no par value
Authorized and unissued; 2,000 shares...
Capital stock-par value $.01 per share:
Authorized 12,000 shares; issued and
outstanding 6,192 at March 31, 1994,
6,186 shares outstanding at December 31,
1993, 6,167 and March 31, 1993 .......... 62 62 62
Surplus................................... 23,141 23,005 22,638
Retained earnings......................... 26,899 25,305 22,713
Unrealized (losses) on available for.........
sale securities, net of tax................. (182)
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TOTAL SHAREHOLDERS' EQUITY 49,920 48,372 45,413
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TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY $422,465 $423,380 $417,298
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* The balance sheet at December 31, 1993 has been derived from the
audited financial statements at that date.
See Notes to unaudited consolidated financial statements.
() Indicates Deduction
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