XML 67 R55.htm IDEA: XBRL DOCUMENT
v3.22.1

Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Parent Company Only Financial Information |
Condensed Statement of Financial Condition | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(In thousands) |  | 2021 |  | 2020
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 200 | ​ | $ | 186
Investment securities- Available for Sale (at fair value) | ​ | ​ | 15,816 | ​ | ​ | 12,198
Investment in bank subsidiary | ​ | ​ | 154,405 | ​ | ​ | 150,895
Investment in non-bank subsidiaries | ​ | ​ | 929 | ​ | ​ | 929
Other assets | ​ | ​ | 7,566 | ​ | ​ | 7,082
Total Assets | ​ | $ | 178,916 | ​ | $ | 171,290
Liabilities and Shareholders' Equity | ​ | ​ | ​ | ​ | ​ | ​
Accrued interest and other liabilities | ​ | $ | 5,094 | ​ | $ | 8,404
Dividends payable | ​ | ​ | 993 | ​ | ​ | 910
Junior subordinated debt | ​ | ​ | 30,929 | ​ | ​ | 30,929
Shareholders' equity | ​ | ​ | 141,900 | ​ | ​ | 131,047
Total Liabilities and Shareholders' Equity | ​ | $ | 178,916 | ​ | $ | 171,290
Condensed Statement of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
(In thousands) |  | 2021 |  | 2020
Income: | ​ | ​ | ​ | ​ | ​ | ​
Dividend income from bank subsidiary | ​ | $ | 18,791 | ​ | $ | 7,328
Interest income on investments | ​ | ​ | 479 | ​ | ​ | 603
Other income | ​ | ​ | 1,740 | ​ | ​ | 61
Total other income | ​ | ​ | 2,219 | ​ | ​ | 664
Total Income | ​ | ​ | 21,010 | ​ | ​ | 7,992
Expenses: | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ | ​ | 1,264 | ​ | ​ | 1,354
Other expenses | ​ | ​ | 6,346 | ​ | ​ | 3,607
Total Expenses | ​ | ​ | 7,610 | ​ | ​ | 4,961
Income before income taxes and equity in undistributed net income of subsidiaries | ​ | ​ | 13,400 | ​ | ​ | 3,031
Applicable income tax benefit | ​ | ​ | 1,193 | ​ | ​ | 982
Net income before equity in undistributed net income of subsidiaries | ​ | ​ | 14,593 | ​ | ​ | 4,013
Equity in undistributed net income of subsidiaries: | ​ | ​ | ​ | ​ | ​ | ​
Bank | ​ | ​ | 5,177 | ​ | ​ | 9,828
Net Income | ​ | $ | 19,770 | ​ | $ | 13,841
Condensed Statement of Comprehensive Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
Components of Comprehensive Income (in thousands) |  | 2021 |  | 2020
Net Income | ​ | $ | 19,770 | ​ | $ | 13,841
Unrealized losses on AFS Securities, net of tax | ​ | ​ | (749) | ​ | ​ | (3,330)
Unrealized gains/(losses) on cash flow hedges, net of tax | ​ | ​ | 635 | ​ | ​ | (869)
Other comprehensive loss, net of tax | ​ | ​ | (114) | ​ | ​ | (4,199)
Comprehensive income | ​ | $ | 19,656 | ​ | $ | 9,642
Condensed Cash Flow Statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
(In thousands) |  | 2021 |  | 2020
Operating Activities | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 19,770 | ​ | $ | 13,841
Adjustments to reconcile net income to net cash provided by operating activities: | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed net income of subsidiaries | ​ | ​ | (5,177) | ​ | ​ | (9,828)
Increase in other assets | ​ | ​ | (1,518) | ​ | ​ | (1,490)
(Decrease)/increase in accrued interest payable and other liabilities | ​ | ​ | (2,595) | ​ | ​ | 3,286
Stock compensation | ​ | ​ | 472 | ​ | ​ | 345
Net cash provided by operating activities | ​ | ​ | 10,952 | ​ | ​ | 6,154
Financing Activities | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from issuance of common stock | ​ | ​ | 211 | ​ | ​ | 198
Repurchase of common stock | ​ | ​ | (7,175) | ​ | ​ | (2,754)
Cash dividends on common stock | ​ | ​ | (3,974) | ​ | ​ | (3,646)
Net cash used in financing activities | ​ | ​ | (10,938) | ​ | ​ | (6,202)
Increase/(decrease) in cash and cash equivalents | ​ | ​ | 14 | ​ | ​ | (48)
Cash and cash equivalents at beginning of year | ​ | ​ | 186 | ​ | ​ | 234
Cash and cash equivalents at end of year | ​ | $ | 200 | ​ | $ | 186
Accumulated Other Comprehensive Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Loss (in thousands) |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net
For the year ended December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for Sale Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (1,022) | ​ | $ | 273 | ​ | $ | (749)
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 867 | ​ | ​ | (232) | ​ | ​ | 635
Other comprehensive loss | ​ | $ | (155) | ​ | $ | 41 | ​ | $ | (114)
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)

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: | dtr-types: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: | dtr-types: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: | dtr-types: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: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration