XML 72 R60.htm IDEA: XBRL DOCUMENT
v3.21.1

Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Parent Company Only Financial Information |
Condensed Statement of Financial Condition |
|  | December 31,
(In thousands) |  | 2020 |  | 2019
Assets |  |  |  |  |  |
Cash |  | $ | 186 |  | $ | 234
Investment securities- Available for Sale (at fair value) |  |  | 12,198 |  |  | 13,164
Investment in bank subsidiary |  |  | 150,895 |  |  | 142,290
Investment in non-bank subsidiaries |  |  | 929 |  |  | 929
Other assets |  |  | 7,082 |  |  | 5,427
Total Assets |  | $ | 171,290 |  | $ | 162,044
Liabilities and Shareholders' Equity |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 8,405 |  | $ | 4,250
Dividends payable |  |  | 910 |  |  | 925
Junior subordinated debt |  |  | 30,929 |  |  | 30,929
Shareholders' equity |  |  | 131,046 |  |  | 125,940
Total Liabilities and Shareholders' Equity |  | $ | 171,290 |  | $ | 162,044
Condensed Statement of Income |
|  | Year Ended
|  | December 31,
(In thousands) |  | 2020 |  | 2019
Income: |  |  |  |  |  |
Dividend income from bank subsidiary |  | $ | 7,328 |  | $ | 3,141
Interest income on investments |  |  | 603 |  |  | 948
Other income |  |  | 61 |  |  | 99
Total other income |  |  | 664 |  |  | 1,047
Total Income |  |  | 7,992 |  |  | 4,188
Expenses: |  |  |  |  |  |
Interest expense |  |  | 1,354 |  |  | 1,418
Other expenses |  |  | 3,607 |  |  | 276
Total Expenses |  |  | 4,961 |  |  | 1,694
Income before income taxes and equity in undistributed net income of subsidiaries |  |  | 3,031 |  |  | 2,494
Applicable income tax benefit |  |  | 982 |  |  | 130
Net income before equity in undistributed net income of subsidiaries |  |  | 4,013 |  |  | 2,624
Equity in undistributed net income of subsidiaries: |  |  |  |  |  |
Bank |  |  | 9,828 |  |  | 10,505
Net Income |  | $ | 13,841 |  | $ | 13,129
Condensed Statement of Comprehensive Income |
|  | Year Ended
|  | December 31,
Components of Comprehensive Income (in thousands) |  | 2020 |  | 2019
Net Income |  | $ | 13,841 |  | $ | 13,129
Unrealized losses on AFS Securities, net of tax |  |  | (3,330) |  |  | (685)
Unrealized losses on cash flow hedges, net of tax |  |  | (869) |  |  | (858)
Other comprehensive loss, net of tax |  |  | (4,199) |  |  | (1,543)
Comprehensive income |  | $ | 9,642 |  | $ | 11,586
Condensed Cash Flow Statement | Condensed Statement of Cash Flows
|  | Year Ended
|  | December 31,
(In thousands) |  | 2020 |  | 2019
Operating Activities |  |  |  |  |  |
Net Income |  | $ | 13,841 |  | $ | 13,129
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (9,828) |  |  | (10,505)
Increase in other assets |  |  | (1,490) |  |  | (478)
Increase in accrued interest payable and other liabilities |  |  | 3,286 |  |  | 539
Stock compensation |  |  | 345 |  |  | 268
Net cash provided by operating activities |  |  | 6,154 |  |  | 2,953
Financing Activities |  |  |  |  |  |
Proceeds from issuance of common stock |  |  | 198 |  |  | 170
Repurchase of common stock |  |  | (2,754) |  |  | —
Cash dividends on common stock |  |  | (3,646) |  |  | (3,125)
Net cash used in financing activities |  |  | (6,202) |  |  | (2,955)
Decrease in cash and cash equivalents |  |  | (48) |  |  | (2)
Cash and cash equivalents at beginning of year |  |  | 234 |  |  | 236
Cash and cash equivalents at end of year |  | $ | 186 |  | $ | 234
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income
Components of Other Comprehensive Loss (in thousands) |  | Before Tax ‎Amount |  | Tax (Expense) ‎Benefit |  | Net
For the year ended December 31, 2020 |  |  |  |  |  |  |  |  |
Available for Sale Securities: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (4,548) |  | $ | 1,218 |  | $ | (3,330)
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (1,187) |  |  | 318 |  |  | (869)
Other comprehensive loss |  | $ | (5,735) |  | $ | 1,536 |  | $ | (4,199)
For the year ended December 31, 2019 |  |  |  |  |  |  |  |  |
Available for Sale Securities: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (936) |  | $ | 251 |  | $ | (685)
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (1,172) |  |  | 314 |  |  | (858)
Other comprehensive loss |  | $ | (2,108) |  | $ | 565 |  | $ | (1,543)

X
- Definition Tabular disclosure of condensed statements of accumulated other comprehensive income. + References No definition available. + Details
Name: | func_CondensedStatementOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | func_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration