FIRST UNITED CORP/MD/ - 10-Q filing on 2012-08-13

Loans And Related Allowances For Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Allowance For Loan Losses Summarized By Loan Portfolio Segments [Table Text Block]

(in thousands)	Commercial Real Estate	Acquisition and Development	Commercial and Industrial	Residential Mortgage	Consumer	Total
June 30, 2012
Total loans	$318,073	$138,825	$66,626	$350,983	$33,402	$907,909
Individually evaluated for impairment	$14,772	$24,607	$4,038	$6,276	$42	$49,735
Collectively evaluated for impairment	$303,301	$114,218	$62,588	$344,707	$33,360	$858,174

December 31, 2011
Total loans	$336,234	$142,871	$78,697	$347,220	$33,672	$938,694
Individually evaluated for impairment	$16,942	$25,699	$13,048	$6,116	$21	$61,826
Collectively evaluated for impairment	$319,292	$117,172	$65,649	$341,104	$33,651	$876,868

(In thousands)	Commercial Real Estate	Acquisition and Development	Commercial and Industrial	Residential Mortgage	Consumer	Total
June 30, 2012
Total ALL	$5,856	$6,209	$860	$3,457	$388	$16,770
Individually evaluated for impairment	$15	$1,582	$0	$19	$0	$1,616
Collectively evaluated for impairment	$5,841	$4,627	$860	$3,438	$388	$15,154

December 31, 2011
Total ALL	$6,218	$7,190	$2,190	$3,430	$452	$19,480
Individually evaluated for impairment	$92	$2,718	$1,139	$2	$0	$3,951
Collectively evaluated for impairment	$6,126	$4,472	$1,051	$3,428	$452	$15,529

	Commercial Real Estate	Acquisition and Development	Commercial and Industrial	Residential Mortgage	Consumer	Total
ALL balance at January 1, 2012	$6,218	$7,190	$2,190	$ 3,430	$ 452	$ 19,480
Charge-offs	(2,280)	(670)	(9,141)	(665)	(347)	(13,103)
Recoveries	58	403	332	123	241	1,157
Provision	1,860	(714)	7,479	569	42	9,236
ALL balance at June 30, 2012	$5,856	$6,209	$860	$ 3,457	$ 388	$ 16,770

ALL balance at January 1, 2011	$8,658	$6,345	$1,345	$4,211	$1,579	$22,138
Charge-offs	(4,530)	(721)	(248)	(802)	(476)	(6,777)
Recoveries	78	271	10	391	285	1,035
Provision	1,906	2,545	1,128	(86)	(888)	4,605
ALL balance at June 30, 2011	$6,112	$8,440	$2,235	$3,714	$500	$21,001

	Commercial Real Estate	Acquisition and Development	Commercial and Industrial	Residential Mortgage	Consumer	Total
ALL balance at April 1, 2012	$6,635	$5,879	$929	$3,377	$393	$17,213
Charge-offs	(1,119)	(424)	(50)	(382)	(174)	(2,149)
Recoveries	58	391	2	24	119	594
Provision	282	363	(21)	438	50	1,112
ALL balance at June 30, 2012	$5,856	$6,209	$860	$3,457	$388	$16,770

ALL balance at April 1, 2011	$7,948	$7,131	$2,071	$3,851	$408	$21,409
Charge-offs	(2,976)	(326)	(113)	(330)	(244)	(3,989)
Recoveries	1	72	8	108	131	320
Provision	1,139	1,563	269	85	205	3,261
ALL balance at June 30, 2011	$6,112	$8,440	$2,235	$3,714	$500	$21,001

Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating [Table Text Block]

(in thousands)	Pass	Special Mention	Substandard	Doubtful	Total
June 30, 2012
Commercial real estate
Non owner-occupied	$117,251	$7,467	$24,261	$0	$148,979
All other CRE	120,870	10,611	37,613	0	169,094
Acquisition and development
1-4 family residential construction	10,226	1,550	5,075	0	16,851
All other A&D	79,160	924	41,890	0	121,974
Commercial and industrial	57,580	2,372	6,674	0	66,626
Residential mortgage
Residential mortgage - term	257,047	2,453	11,803	0	271,303
Residential mortgage – home equity	77,102	793	1,785	0	79,680
Consumer	33,070	29	303	0	33,402
Total	$752,306	$26,199	$129,404	$0	$907,909

December 31, 2011
Commercial real estate
Non owner-occupied	$119,574	$4,222	$32,212	$0	$156,008
All other CRE	123,713	18,307	38,206	0	180,226
Acquisition and development
1-4 family residential construction	11,512	0	5,572	0	17,084
All other A&D	81,268	935	43,584	0	125,787
Commercial and industrial	62,152	697	15,848	0	78,697
Residential mortgage
Residential mortgage - term	250,701	1,817	15,408	0	267,926
Residential mortgage – home equity	75,517	34	3,743	0	79,294
Consumer	33,147	34	491	0	33,672
Total	$757,584	$26,046	$155,064	$0	$938,694

Loan Portfolio Summarized By The Past Due Status [Table Text Block]

(in thousands)	Current	30-59 Days Past Due	60-89 Days Past Due	90 Days+ Past Due	Total Past Due and still accruing	Non-Accrual	Total Loans
June 30, 2012
Commercial real estate
Non owner-occupied	$140,271	$2,069	$205	$0	$2,274	$6,434	$148,979
All other CRE	162,084	162	5,185	0	5,347	1,663	169,094
Acquisition and development
1-4 family residential construction	16,851	0	0	0	0	0	16,851
All other A&D	103,578	3,387	143	97	3,627	14,769	121,974
Commercial and industrial	66,065	160	91	0	251	310	66,626
Residential mortgage
Residential mortgage - term	261,793	878	3,958	1,553	6,389	3,121	271,303
Residential mortgage – home equity	78,378	524	100	0	624	678	79,680
Consumer	32,124	878	260	98	1,236	42	33,402
Total	$861,144	$8,058	$9,942	$1,748	$19,748	$27,017	$907,909
December 31, 2011
Commercial real estate
Non owner-occupied	$146,150	$359	$209	$0	$568	$9,290	$156,008
All other CRE	173,342	558	5,547	0	6,105	779	180,226
Acquisition and development
1-4 family residential construction	17,009	0	75	0	75	0	17,084
All other A&D	109,351	840	530	128	1,498	14,938	125,787
Commercial and industrial	69,119	182	32	0	214	9,364	78,697
Residential mortgage
Residential mortgage - term	249,719	10,106	3,753	1,386	15,245	2,962	267,926
Residential mortgage – home equity	77,486	476	375	123	974	834	79,294
Consumer	31,478	1,560	471	142	2,173	21	33,672
Total	$873,654	$14,081	$10,992	$1,779	$26,852	$38,188	$938,694

Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block]


	Impaired Loans with Specific Allowance		Impaired Loans with No Specific Allowance	Total Impaired Loans
(in thousands)	Recorded Investment	Related Allowance	Recorded Investment	Recorded Investment	Unpaid Principal Balance
June 30, 2012
Commercial real estate
Non owner-occupied	$145	$15	$6,568	$6,713	$10,226
All other CRE	0	0	8,059	8,059	8,268
Acquisition and development
1-4 family residential construction	2,128	905	0	2,128	2,128
All other A&D	5,600	677	16,879	22,479	26,931
Commercial and industrial	0	0	4,038	4,038	4,127
Residential mortgage
Residential mortgage - term	291	19	5,058	5,349	5,545
Residential mortgage – home equity	0	0	927	927	977
Consumer	0	0	42	42	51
Total impaired loans	$8,164	$1,616	$41,571	$49,735	$58,253

December 31, 2011
Commercial real estate
Non owner-occupied	$448	$92	$9,129	$9,577	$14,765
All other CRE	0	0	7,365	7,365	7,390
Acquisition and development
1-4 family residential construction	2,489	859	0	2,489	2,577
All other A&D	7,850	1,859	15,360	23,210	27,712
Commercial and industrial	9,043	1,139	4,005	13,048	13,137
Residential mortgage
Residential mortgage - term	218	2	4,816	5,034	5,488
Residential mortgage – home equity	0	0	1,082	1,082	1,177
Consumer	0	0	21	21	33
Total impaired loans	$20,048	$3,951	$41,778	$61,826	$72,279

Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block]


	Six months ended June 30, 2012			Six months ended June 30, 2011
(in thousands)	Average investment	Interest income recognized on an accrual basis	Interest income recognized on a cash basis	Average investment	Interest income recognized on an accrual basis	Interest income recognized on a cash basis
Commercial real estate
Non owner-occupied	$8,170	$12	$0	$14,366	$35	$61
All other CRE	8,110	134	0	6,048	130	50
Acquisition and development
1-4 family residential construction	2,351	46	0	3,064	53	0
All other A&D	22,909	207	0	26,922	290	81
Commercial and industrial	7,022	72	0	10,995	77	0
Residential mortgage
Residential mortgage - term	5,112	67	36	7,254	84	6
Residential mortgage – home equity	1,013	7	3	668	7	3
Consumer	47	0	0	73	0	0
Total	$54,734	$545	$39	$69,390	$676	$201


	Three months ended June 30, 2012			Three months ended June 30, 2011
(in thousands)	Average investment	Interest income recognized on an accrual basis	Interest income recognized on a cash basis	Average investment	Interest income recognized on an accrual basis	Interest income recognized on a cash basis
Commercial real estate
Non owner-occupied	$7,467	$6	$0	$15,140	$16	$61
All other CRE	8,483	54	0	7,345	61	50
Acquisition and development
1-4 family residential construction	2,282	22	0	2,874	26	0
All other A&D	22,759	102	0	26,508	145	81
Commercial and industrial	4,009	38	0	13,927	39	0
Residential mortgage
Residential mortgage - term	5,151	32	21	6,215	41	6
Residential mortgage – home equity	979	3	0	741	3	3
Consumer	60	0	0	33	0	0
Total	$51,190	$ 257	$21	$72,783	$331	$201

Modification of Troubled Debt Restructuring By Class [Table Text Block]


	Temporary Rate Modification		Extension of Maturity		Modification of Payment and Other Terms
(in thousands)	Number of Contracts	Recorded Investment	Number of Contracts	Recorded Investment	Number of Contracts	Recorded Investment
Six months ended June 30, 2012
Commercial real estate
Non owner-occupied	0	$0	0	$0	0	$0
All other CRE	1	3,110	0	0	0	0
Acquisition and development
1-4 family residential construction	0	0	0	0	0	0
All other A&D	0	0	0	0	0	0
Commercial and industrial	0	0	0	0	0	0
Residential mortgage
Residential mortgage – term	1	513	1	477	1	284
Residential mortgage – home equity	0	0	0	0	0	0
Consumer	0	0	0	0	0	0
Total	2	$3,623	1	$477	1	$284


	Temporary Rate Modification		Extension of Maturity		Modification of Payment and Other Terms
(in thousands)	Number of Contracts	Recorded Investment	Number of Contracts	Recorded Investment	Number of Contracts	Recorded Investment
Three months ended June 30, 2012
Commercial real estate
Non owner-occupied	0	$0	0	$0	0	$0
All other CRE	1	3,110	0	0	0	0
Acquisition and development
1-4 family residential construction	0	0	0	0	0	0
All other A&D	0	0	0	0	0	0
Commercial and industrial	0	0	0	0	0	0
Residential mortgage
Residential mortgage – term	0	0	1	477	1	284
Residential mortgage – home equity	0	0	0	0	0	0
Consumer	0	0	0	0	0	0
Total	1	$3,110	1	$477	1	$284