{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-036574","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2025-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.204838+00:00","generated_at":"2026-05-23T10:47:36.483258+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First United Q1 net income $5.8M ($0.89 EPS) up from $3.7M YoY; NIM expands to 3.56%","bullets":["Net income $5.8M vs $3.7M YoY; diluted EPS $0.89 vs $0.56 Q1 2024; revenue increased $2.2M in net interest income.","Net interest margin (FTE) 3.56% for Q1 2025, reflecting higher loan yields and stable funding costs.","Commercial loan originations $36.1M, residential $11.4M; total loans down $0.9M due to payoffs and amortization.","Deposits +$48.7M; $50M brokered deposits (avg rate 4.24%) used to repay $50M overnight borrowings.","Nonaccrual loans $4.0M vs $4.9M at Dec 2024; quarterly cash dividend $0.22 per share."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-036574","json":"https://secwatch.observer/filing/0001104659-25-036574.json","markdown":"https://secwatch.observer/filing/0001104659-25-036574.md","text":"https://secwatch.observer/filing/0001104659-25-036574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465925036574/0001104659-25-036574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465925036574/tm2512752d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T10:47:36.483258+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}