Risk factors

First United (FUNC) risk factors

Item 1A of every First United Corp. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    39 risks, 2 new, 3 reworded since the prior year. The company added specific credit loss and takeover defense risks, updated its available-for-sale securities figures, and expanded commentary on economic dependencies.

    Filed Mar 10, 2026
  • FY2024 10-K risk factors

    37 risks. First United faces heavy geographic concentration in Maryland and West Virginia real estate lending. Funding relies on customer deposits, FHLB advances, and brokered funds. Operations are subject to extensive banking regulation by the FRB, FDIC, and state agencies.

    Filed Mar 20, 2025