Pension And SERP Plans (Tables)

9 Months Ended

Sep. 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 nine months ended				For the three months ended
	September 30,				September 30,
(In thousands)	2013		2012		2013		2012
Service cost	$	170	$	0	$	56	$	0
Interest cost		934		1,035		299		344
Expected return on assets		(1,780)		(1,659)		(592)		(552)
Amortization of transition asset		(30)		(30)		(10)		(10)
Amortization of net actuarial loss		399		285		133		95
Amortization of prior service cost		9		9		3		3
Net pension credit included in employee benefits	$	(298)	$	(360)	$	(111)	$	(120)



SERP	For the nine months ended				For the three months ended
	September 30,				September 30,
(In thousands)	2013		2012		2013		2012
Service cost	$	91	$	90	$	31	$	30
Interest cost		192		189		64		63
Amortization of recognized loss		3		9		1		3
Amortization of prior service cost		15		93		5		31
Net SERP expense included in employee benefits	$	301	$	381	$	101	$	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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