Junior Subordinated Debentures and Restrictions on Dividends (Narrative) (Details) - USD ($)
$ in Thousands |
9 Months Ended |
|
Sep. 30, 2016 |
Dec. 31, 2015 |
| Trust common equity |
$ 63
|
$ 63
|
| Preferred dividend payment terms |
On February 14, 2016, First United Corporation redeemed 10,000 shares of the Series A Preferred Stock, having an aggregate liquidation amount of $10.0 million on a pro rata basis from each of the holders.The terms of the Series A Preferred Stock call for the payment, if declared by the Corporation's Board of Directors, of cash dividends on February 15th, May 15th, August 15th and November 15th of each year. The holders of the Series A Preferred Stock are entitled to receive, if and when declared by the Board of Directors, out of assets legally available for payment, cumulative cash dividends at a rate per annum of 9% per share of Series A Preferred Stock on a liquidation amount of $1,000 per share with respect to each dividend period from after February 15, 2014.
|
|
| First United Statutory Trust I And II Member |
|
|
| Trust preferred securities |
$ 30,000
|
|
| Trust common equity |
$ 900
|
|
| Debenture issue date |
2004-03
|
|
| Junior Subordinated Debt [Member] |
|
|
| Debt instrument, interest rate, effective percentage |
9.88%
|
|
| Maximum allowable period of interest deferment |
5 years
|
|
| Junior Subordinated Debt [Member] | First United Statutory Trust I Member |
|
|
| Debenture issued to unconsolidated subsidiary |
$ 20,600
|
|
| Variable interest rate |
three-month LIBOR plus 275 basis points
|
|
| Debt instrument, interest rate, effective percentage |
3.61%
|
|
| Maturity date |
2034
|
|
| Earliest availability for redemption |
5 years
|
|
| Junior Subordinated Debt [Member] | First United Statutory Trust II Member |
|
|
| Debenture issued to unconsolidated subsidiary |
$ 10,300
|
|
| Variable interest rate |
three-month LIBOR plus 275 basis points
|
|
| Debt instrument, interest rate, effective percentage |
3.61%
|
|
| Maturity date |
2034
|
|
| Earliest availability for redemption |
5 years
|
|
| Junior Subordinated Debt [Member] | December 2009 First United Statutory Trust III Member |
|
|
| Trust preferred securities |
$ 7,000
|
|
| Trust common equity |
$ 200
|
|
| Debenture issue date |
2009-12
|
|
| Debenture issued to unconsolidated subsidiary |
$ 7,200
|
|
| Maturity date |
2040
|
|
| Earliest availability for redemption |
5 years
|
|
| Fixed interest rate |
9.875%
|
|
| Junior Subordinated Debt [Member] | January 2010 First United Statutory Trust III Member |
|
|
| Trust preferred securities |
$ 3,500
|
|
| Trust common equity |
$ 100
|
|
| Debenture issue date |
2010-01
|
|
| Debenture issued to unconsolidated subsidiary |
$ 3,600
|
|
| Maturity date |
2040
|
|
| Earliest availability for redemption |
5 years
|
|
| Fixed interest rate |
9.875%
|
|
| Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | First United Statutory Trust I Member |
|
|
| Basis points spread on LIBOR |
2.75%
|
|
| Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | First United Statutory Trust II Member |
|
|
| Basis points spread on LIBOR |
2.75%
|
|