Pension And SERP Plans (Tables)

6 Months Ended

Jun. 30, 2013

Components Of The Net Periodic Pension Plan Cost [Table Text Block]

The following table presents 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)	2013		2012		2013		2012
Service cost	$	114	$	0	$	57	$	0
Interest cost		635		691		305		340
Expected return on assets		(1,188)		(1,107)		(594)		(554)
Amortization of transition asset		(20)		(20)		(10)		(10)
Recognized net actuarial loss		266		190		133		90
Amortization of prior service cost		6		6		3		3
Net pension credit included in employee benefits	$	(187)	$	(240)	$	(106)	$	(131)



SERP	For the six months ended				For the three months ended
	June 30,				June 30,
(In thousands)	2013		2012		2013		2012
Service cost	$	60	$	60	$	30	$	30
Interest cost		128		126		64		63
Amortization of recognized loss		2		6		1		3
Amortization of prior service cost		10		62		5		31
Net SERP expense included in employee benefits	$	200	$	254	$	100	$	127

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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