First united corp/md/ (FUNC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net income

11,733

13,129

12,628

10,898

11,312

10,667

7,253

6,502

5,795

5,269

7,722

7,995

7,390

7,281

14,360

14,023

13,494

12,991

6,150

5,542

5,607

5,597

4,813

5,309

5,911

6,475

8,404

9,443

9,250

4,663

2,709

520

4

3,626

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

3,625

1,320

1,593

2,077

2,013

2,111

1,912

2,342

2,372

2,534

2,723

2,116

3,163

3,122

2,636

2,842

1,548

1,054

1,510

1,698

2,223

2,513

2,170

375

-121

380

-47

1,100

2,131

9,390

12,494

13,788

15,937

9,157

0

0

0

Depreciation

3,172

3,115

3,005

2,847

2,643

2,435

2,249

2,094

1,987

1,898

1,844

1,771

1,726

1,693

1,707

1,739

1,756

1,768

1,774

1,816

1,871

1,938

1,973

2,011

2,039

2,043

2,037

2,013

1,986

1,992

2,044

2,118

2,224

2,349

0

0

0

Stock compensation

299

268

266

267

263

249

237

223

208

192

186

181

181

192

191

190

190

191

183

175

160

134

117

101

92

88

87

85

79

73

65

57

59

78

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

268

0

0

0

Gain on sales of Insurance assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

88

88

88

0

0

0

0

Gains on sales of other real estate owned

140

160

53

88

270

260

325

754

635

645

638

132

152

189

175

806

793

753

695

104

-942

-944

-796

-827

223

205

407

375

379

995

1,197

1,011

901

285

0

0

0

Write-downs of other real estate owned

1,368

1,459

1,840

1,706

1,178

1,356

503

783

623

398

671

482

547

486

1,161

1,242

1,500

1,997

1,237

1,329

1,055

920

1,075

3,485

3,430

3,079

4,100

1,526

1,509

1,489

389

1,034

1,923

1,986

0

0

0

Origination of loans held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

-

-

-

-

-

-

0

0

0

-

0

0

0

-

10,336

9,994

7,449

6,433

6,569

6,611

5,882

5,946

6,721

7,155

12,636

23,100

29,134

35,822

35,243

25,392

20,165

13,177

12,068

10,606

0

0

0

Gains on sales of loans held for sale

189

150

101

78

65

88

101

98

103

75

77

79

98

95

83

81

67

57

55

58

46

52

59

63

105

176

207

239

226

167

140

104

125

86

0

0

0

Loss on disposal of fixed assets

0

-

-

-

-

-

-

-

-

3

-10

-15

-8

-9

-1

4

-3

-3

-57

-57

-57

-58

-4

-26

-28

-25

-24

-28

-88

-92

-90

-63

-7

-6

0

0

0

Net amortization of investment securities discounts and premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,471

-1,585

-1,565

-1,657

-1,561

-1,550

-1,785

0

0

0

Net amortization of investment securities discounts and premiums- AFS

-2

-3

-2

10

34

39

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization/(accretion) of investment securities discounts and premiums- HTM

171

114

77

37

17

57

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary-impairment loss on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

0

0

0

Losses on sales/calls of investment securities – available-for-sale

-

-

-

-

116

113

111

94

-49

-49

-63

196

225

440

1,359

1,206

1,265

962

28

96

-70

-41

-53

-303

-240

78

1,107

1,173

1,196

1,545

861

1,208

1,629

875

0

0

0

Earnings on bank owned life insurance

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,416

1,392

1,019

1,024

1,029

1,035

1,011

1,013

1,056

1,778

1,781

1,785

1,747

1,030

0

0

0

Earnings on bank owned life insurance

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred loan fees

1,112

935

791

723

730

745

760

683

393

622

553

536

757

494

514

577

590

554

570

539

536

525

476

495

426

542

604

618

693

629

633

576

581

593

0

0

0

Amortization of operating lease asset

283

277

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued interest receivable and other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued interest receivable and other assets

-

-

-

-

-

-

0

0

0

-

12,238

7,620

8,567

5,472

-1,503

-2,292

-2,286

-4,223

-7,402

-6,461

-8,282

-6,993

411

347

-4,108

-1,488

-4,156

-4,052

-194

-1,785

-8,461

-8,495

-10,278

-11,587

0

0

0

Deferred tax expense/(benefit)

-955

-953

-2,596

-2,080

-1,849

-1,338

-7,823

-7,145

-8,409

-9,257

-3,456

-3,503

-1,526

-2,117

-3,796

-3,569

-6,481

-3,855

-1,017

-902

895

-636

-1,285

-1,290

-1,119

-1,288

-1,853

-1,909

-1,870

-400

1,600

1,694

1,694

1,538

0

0

0

Operating lease liability

-295

-287

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase/(decrease) in accrued interest payable and other liabilities

7,858

900

23

-1,055

-269

1,814

3,926

5,085

5,322

3,524

5,375

5,231

3,718

4,388

-1,295

-1,479

188

-1,143

-7,518

-7,577

-6,101

-13,066

-3,850

-2,571

-4,536

4,285

2,813

2,296

2,398

-1,042

2,927

2,481

2,096

4,046

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,059

20,915

24,139

22,199

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

19,062

16,390

16,781

14,035

16,066

18,294

17,344

15,152

15,787

12,924

0

0

0

-

-

-

-

-

-

-

-

-

6,173

9,055

11,727

18,676

21,404

20,505

17,540

15,205

24,603

23,785

60,384

63,036

0

0

0

Investing activities
Proceeds from maturities/calls of investment securities available-for-sale

42,393

26,553

9,447

9,058

11,478

10,888

10,962

9,744

15,983

17,878

21,194

25,196

30,040

38,387

36,534

34,902

44,626

42,020

42,142

59,502

120,732

125,720

131,022

115,905

36,793

35,891

43,715

51,756

75,529

70,562

73,086

90,922

68,499

80,315

0

0

0

Proceeds from maturities/calls of investment securities held-to-maturity

9,421

8,124

7,541

6,767

6,253

6,741

7,042

7,938

7,343

7,614

8,133

10,957

17,292

19,334

17,710

14,926

9,895

7,525

8,000

7,367

5,556

4,927

3,275

1,509

1,180

140

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

18,530

18,530

36,721

36,841

43,782

51,708

61,522

56,278

60,598

52,672

25,283

63,344

56,838

51,165

65,582

17,945

44,496

70,326

70,902

70,902

46,220

47,626

65,735

72,802

84,396

0

0

0

Purchases of investment securities available-for-sale

0

-

-

-

-

3,390

3,390

22,954

37,856

40,596

40,594

44,495

50,430

54,585

54,587

38,980

28,377

47,640

47,640

76,969

143,088

153,924

199,584

174,894

179,871

205,083

185,033

207,642

158,712

98,787

80,541

147,863

144,254

178,333

0

0

0

Purchases of investment securities held-to-maturity

-

8,207

0

0

0

-

-

-

1,311

4,188

5,831

11,738

13,962

11,085

9,442

4,928

2,449

3,709

7,863

7,635

7,835

6,575

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

2,010

2,777

1,581

2,214

3,370

2,981

3,425

4,175

3,399

3,076

2,815

1,905

1,811

2,614

2,585

6,101

6,628

6,190

6,494

2,882

5,220

6,291

6,796

6,358

4,296

4,478

5,592

5,870

5,039

5,982

6,195

6,805

8,193

6,017

0

0

0

Proceeds from disposal of fixed assets

-

-

-

-

-

-

-

-

-

945

8

0

261

260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

567

567

19

19

0

0

0

0

Proceeds from sale of insurance assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,604

3,604

3,604

3,604

0

0

0

0

Proceeds from BOLI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,806

1,806

1,806

1,765

0

0

0

0

Net (increase)/decrease in restricted stock

95

-979

-979

83

-979

190

190

-872

148

-5

-677

-677

-677

-695

-23

-1,299

-1,257

-1,620

-1,620

-300

-391

-389

-389

-373

-324

-436

-1,142

-1,826

-2,873

-2,377

0

0

0

-

-

-

-

Net (increase)/decrease in loans

47,887

43,465

58,973

87,752

93,323

116,088

51,784

23,415

22,573

4,359

-16,641

-22,062

2,220

24,192

78,292

89,844

72,978

47,436

28,403

31,724

34,842

43,218

3,429

-3,067

-23,267

-32,504

-18,672

-22,209

-13,797

-19,133

15,149

9,540

8,143

-10,459

0

0

0

Purchases of loans

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

4,239

3,973

4,552

5,883

7,780

9,483

9,813

9,256

7,325

6,561

4,762

4,647

4,730

3,924

4,343

3,007

1,856

1,371

849

675

654

720

647

618

889

941

1,143

1,366

1,339

1,280

1,075

737

395

236

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,875

-7,121

15,004

18,761

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-36,581

-32,522

-29,878

-63,865

-63,765

-113,712

-70,861

-57,120

-52,012

-7,656

0

0

0

-

-

-

-

-

-

-

-

-

-5,611

25,704

-82,896

-63,556

-16,034

-19,935

43,921

75,576

58,469

25,961

15,881

14,947

0

0

0

Financing activities
Net increase in deposits

41,782

74,504

112,212

81,961

112,749

28,137

-16,893

3,408

-9,005

25,161

22,283

32,444

11,038

15,435

22,844

2,173

16,684

17,471

23,308

24,355

-1,883

3,920

-1,360

6,081

25,229

519

-29,000

-23,681

-54,105

-50,900

-62,827

-108,226

-97,675

-273,862

0

0

0

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock redemption

-

-

-

-

-

-

-

-

-

20,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

183

170

156

157

158

119

-79

-118

-158

9,191

9,349

9,349

9,349

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rights Offering costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends on common stock

3,411

3,125

2,199

1,916

1,915

1,911

1,911

1,274

635

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in short-term borrowings

-277

-28,979

-36,460

-16,774

-15,515

28,862

40,990

22,705

19,941

12,845

10,030

4,867

5,715

172

-2,675

-7,895

-5,022

-3,973

-9,534

-9,661

-9,041

-3,875

-11,112

-13,041

4,984

4,419

6,739

22,052

3,406

2,389

0

0

0

-

-

-

-

Stock repurchase

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase/(decrease) in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,271

0

0

0

Proceeds from long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

20,000

20,000

20,000

0

0

0

0

Payments on long-term borrowings

-

-

-

-

-

20,000

20,000

20,000

5,000

10,808

25,818

25,827

26,590

15,800

808

30,816

30,070

35,069

35,068

5,068

5,067

66

65

64

64

63

62

23,811

24,059

44,309

44,558

21,057

46,057

36,056

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,111

-49,013

-31,107

-24,270

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

35,523

42,570

73,709

63,428

80,477

35,207

-7,960

-5,571

-5,387

15,174

0

0

0

-

-

-

-

-

-

-

-

-

-20,957

-14,769

30,149

4,875

-22,323

-25,440

-74,758

-72,820

-79,480

-116,256

-131,503

-312,189

0

0

0

Increase in cash and cash equivalents

18,004

26,438

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase/(decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-41,612

20,442

18,950

50,245

9,577

11,169

1,295

-35,219

8,036

16,690

13,649

-4,155

1,417

-7,612

-20,395

19,990

-41,020

-40,005

-16,953

-24,870

-13,297

17,961

3,592

-66,510

-55,238

-234,206

0

0

0

Supplemental information
Interest paid

11,517

11,485

11,111

10,166

9,064

8,110

7,373

7,132

7,139

7,298

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,453

8,859

9,263

9,811

10,173

10,364

10,604

17,635

17,296

16,959

16,593

9,500

9,711

10,309

10,998

12,062

15,087

16,414

18,255

19,985

0

0

0

Taxes paid

985

1,011

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities:
Transfers from loans to other real estate owned

1,111

1,605

607

860

931

534

1,304

1,151

1,899

2,060

2,370

4,388

7,066

6,938

6,353

4,373

996

1,385

2,925

3,406

4,085

4,056

3,273

3,614

6,928

6,870

5,636

6,537

3,239

7,313

0

0

0

-

-

-

-

Initial recognition of operating lease right of use assets at adoption

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities at adoption

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease right-of-use assets

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease liabilities

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,322

0

0

0

Transfers from loans to loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,536

0

0

0

Transfers from securities available for sale to held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,040

4,040

0

0

0

0