Preferred Stock (Narrative) (Details) - USD ($) |
9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Feb. 14, 2016 |
May 26, 2015 |
Sep. 30, 2016 |
Dec. 31, 2015 |
Jan. 30, 2009 |
|
| Number of shares called by Warrant | 326,323 | ||||
| Exercise price of shares called by Warrant | $ 13.79 | ||||
| Preferred stock, value | $ 20,000,000 | $ 30,000,000 | |||
| Payment for repurchase of warrant | $ 120,786 | ||||
| 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. | ||||
| Shares redeemed (value) | $ 10,000,000 | ||||
| Series A Preferred Stock [Member] | |||||
| Preferred stock, shares issued | 20,000 | 30,000 | 30,000 | ||
| Preferred stock, value | $ 30,000,000 | ||||
| Preferred stock dividend rate | 9.00% | 9.00% | |||
| Preferred stock liquidation preference per share | $ 1,000 | $ 1,000 | |||
| Preferred stock redemption date | Feb. 14, 2016 | ||||
| Shares redeemed (in shares) | 10,000 | ||||
| Shares redeemed (value) | $ 10,000,000 |