Employee Benefit Plans (Tables)

9 Months Ended

Sep. 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 nine months ended				For the three months ended
	September 30,				September 30,
(in thousands)	2015		2014		2015		2014
Service cost	$	242	$	193	$	74	$	64
Interest cost		1,177		1,106		403		369
Expected return on assets		(2,224)		(1,990)		(740)		(662)
Amortization of transition asset		(15)		(30)		(5)		(10)
Amortization of net actuarial loss		576		280		204		93
Amortization of prior service cost		9		9		3		3
Net pension credit included in employee benefits	$	(235)	$	(432)	$	(61)	$	(143)

SERP	For the nine months ended				For the three months ended
	September 30,				September 30,
(in thousands)	2015		2014		2015		2014
Service cost	$	87	$	71	$	29	$	23
Interest cost		174		172		58		58
Amortization of recognized loss/(gain)		37		(13)		13		(4)
Amortization of prior service cost		15		15		5		5
Net SERP expense included in employee benefits	$	313	$	245	$	105	$	82