{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-049555","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.182165+00:00","generated_at":"2026-06-16T17:38:10.133158+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First United Q1 2023 net income $4.4M ($0.65 diluted), down 23% YoY","bullets":["Net income $4.4M vs $5.7M Q1 2022; diluted EPS $0.65 vs $0.86.","Net interest margin (FTE) 3.53% vs 3.40% YoY; NII increased $1.2M.","Total assets $1.9B; cash +$81.6M; added $80M FHLB borrowings and $61.1M brokered deposits.","Gross loans +$9.6M; ACL ratio 1.31% (up from 1.14% in Dec 2022) due to CECL adoption.","Non-interest expense +$2.1M YoY driven by salaries, benefits, and higher health insurance claims."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-049555","json":"https://secwatch.observer/filing/0001104659-23-049555.json","markdown":"https://secwatch.observer/filing/0001104659-23-049555.md","text":"https://secwatch.observer/filing/0001104659-23-049555.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465923049555/0001104659-23-049555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465923049555/tm2313668d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T17:38:10.133158+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3227365fa1aa28a0149997c1e0a45fd265ba4ec2","claim":"FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2023 results: net income $4.4 million, EPS $0.65 per diluted share.","evidence_excerpt":"Consolidated net income was $4.4 million for the first quarter of 2023, or $0.65 per diluted share, compared to $5.7 million, or $0.86 per diluted share, for the first quarter of 2022 and $7.0 million, or $1.04 per diluted share, for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763907/000110465923049555/0001104659-23-049555-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-month period ended March 31, 2023"},{"label":"Net income","value":"$4.4 million"},{"label":"EPS","value":"$0.65 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}