Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2015

Employee Benefit Plans [Abstract]

Components of the Net Periodic Pension Plan Cost

The following tables present the components of the net periodic pension plan cost for First United Corporation’s Defined Benefit Pension Plan (the “Pension Plan”) and the Bank’s Supplemental Executive Retirement Plan (“SERP”) for the periods indicated:

Pension	For the six months ended				For the three months ended
	June 30,				June 30,
(in thousands)	2015		2014		2015		2014
Service cost	$	168	$	129	$	84	$	64
Interest cost		774		737		387		371
Expected return on assets		(1,484)		(1,328)		(741)		(663)
Amortization of transition asset		(10)		(20)		(5)		(10)
Amortization of net actuarial loss		372		187		186		94
Amortization of prior service cost		6		6		3		3
Net pension credit included in employee benefits	$	(174)	$	(289)	$	(86)	$	(141)

SERP	For the six months ended				For the three months ended
	June 30,				June 30,
(in thousands)	2015		2014		2015		2014
Service cost	$	58	$	48	$	29	$	24
Interest cost		116		114		58		57
Amortization of recognized loss/(gain)		24		(9)		12		(5)
Amortization of prior service cost		10		10		5		5
Net SERP expense included in employee benefits	$	208	$	163	$	104	$	81