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401(k) Profit Sharing Plan
12 Months Ended
Dec. 31, 2013
401(k) Profit Sharing Plan [Abstract]  
401(k) Profit Sharing Plan

1.

401(k) Profit Sharing Plan

The First United Corporation 401(k) Plan is a defined contribution plan that is intended to qualify under section 401(k) of the Internal Revenue Code.  The 401(k) Plan covers substantially all employees of First United Corporation and its subsidiaries.  Eligible employees can elect to contribute to the plan through payroll deductions.  The first 1% of contributions of an employee’s base salary are matched at 100% and the next 5% are matched on a 50% basis by the Corporation.  Expense charged to operations for the 401(k) Plan was $.9 million in 2013 and $.7 million in 2012.