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Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2019
Employee Benefit Plans [Abstract]  
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 noncontributory Defined Benefit Pension Plan (the “Pension Plan”) and the Bank’s Defined Benefit Supplemental Executive Retirement Plan (“Defined Benefit SERP”) for the periods indicated:



 

 

 

 



 

 

 

 

Pension

For the three months ended



March 31,

(in thousands)

2019

2018

Service cost

$

 67 

$

 81 

Interest cost

 

 437 

 

 397 

Expected return on assets

 

 (764)

 

 (810)

Amortization of net actuarial loss

 

 269 

 

 300 

Amortization of prior service cost

 

 0 

 

 2 

Net pension credit included in employee benefits and other expense

$

 9 

$

 (30)





 

 

 

 

Defined Benefit SERP

For the three months ended



March 31,

(in thousands)

2019

2018

Service cost

$

 24 

$

 28 

Interest cost

 

 82 

 

 75 

Amortization of recognized loss

 

 29 

 

 41 

Amortization of prior service cost

 

 (1)

 

 (1)

Net Defined Benefit SERP expense included in employee benefits and other expense

$

 134 

$

 143