Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2016

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)	2016		2015		2016		2015
Service cost	$	152	$	168	$	76	$	84
Interest cost		870		774		435		387
Expected return on assets		(1,381)		(1,484)		(708)		(741)
Amortization of transition asset		0		(10)		0		(5)
Amortization of net actuarial loss		424		372		212		186
Amortization of prior service cost		6		6		3		3
Net pension expense/(credit) included in employee benefits	$	71	$	(174)	$	18	$	(86)

SERP	For the Six months ended				For the Three months ended
	June 30,				June 30,
(in thousands)	2016		2015		2016		2015
Service cost	$	49	$	58	$	24	$	29
Interest cost		125		116		63		58
Amortization of recognized loss		39		24		20		12
Amortization of prior service cost		10		10		5		5
Net SERP expense included in employee benefits	$	223	$	208	$	112	$	104