FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For quarter ended September 30, 1995
Commission file number 0-14237
First United Corporation
(Exact name of registrant as specified in its charter)
Maryland 52-1380770
(State or other jurisdiction of (I. R. S. Employer
incorporation or organization) Identification no.)
19 South Second Street, Oakland, Maryland 21550-0009
(address of principal executive offices) (zip code)
(301) 334-9471
Registrant's telephone number, including area code
Not applicable
Former name, address and former fiscal year, if changed since
last report.
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter periods that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
X Yes No
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date.
Common stock, $.01 Par value--6,194,376 shares outstanding as of
September 30, 1995 Preferred stock, No par value--No shares
outstanding as of September 30, 1995.
-01
FIRST UNITED CORPORATION
Consolidated Balance Sheet
(In Thousands)
Sept. 30, Dec. 31, Sept. 30,
ASSETS 1995 1994 1994
(Unaudited) (*) (Unaudited)
-----------------------------
Cash and Due From Banks $12,958 $14,536 $16,503
Investments:
Available-for-Sale:
U.S. Treasury Securities 11,583 21,252 21,406
Obl. of Other U S Gov. Agen. 31,972 29,975 35,199
Obl. of St. and Loc. Govt 3,871 2,663 0
Other Investments 26,750 21,450 21,105
--------------------------
Total Available-for-Sale 74,176 75,340 77,710
Held-to-Maturity:
Obl. of Other U S Govt Agen 2,800 3,800 3,800
Obl. of St. and Loc. Govt 4,483 5,294 9,195
Other Investments 9,751 11,185 14,658
---------------------------
Total Held-to-Maturity 17,034 20,279 27,653
---------------------------
Total Investment Securities 91,210 95,619 105,363
Federal Funds Sold 1,110 0 315
Loans 362,188 335,725 324,769
Reserve for Poss. Credit Loss (2,184) (2,350) (2,322)
---------------------------
Net Loans 360,004 333,375 322,447
Bank Premises and Equipment 9,978 9,354 8,919
Acc. Int. Rec. and Other Assets 7,108 6,156 6,571
----------------------------
TOTAL ASSETS $482,368 $459,040 $460,118
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* The balance sheet at December 31, 1994 has been derived from
the audited financial statements at that date.
See notes to unaudited consolidated financial statements.
() Indicates Deduction -03-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
FIRST UNITED CORPORATION
Date 11/02/95
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Richard G. Stanton, Chairman of the
Board, President and Chief Executive
Officer
Date 11/02/95
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Robert W. Kurtz, Executive Vice
President and Treasurer
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