Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2018

Components of the Net Periodic Pension Plan Cost

The following tables present 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)	2018		2017		2018		2017
Service cost	$	162	$	140	$	81	$	70
Interest cost		793		825		396		412
Expected return on assets		(1,620)		(1,502)		(810)		(751)
Amortization of net actuarial loss		600		528		300		264
Amortization of prior service cost		4		6		2		3
Net pension credit included in employee benefits and other expense	$	(61)	$	(3)	$	(31)	$	(2)


SERP	For the Six months ended				For the Three months ended
	June 30,				June 30,
(in thousands)	2018		2017		2018		2017
Service cost	$	56	$	52	$	28	$	26
Interest cost		150		144		75		72
Amortization of recognized loss		81		73		41		36
Amortization of prior service cost		(1)		(1)		0		0
Net SERP expense included in employee benefits and other expense	$	286	$	268	$	144	$	134