{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-069174","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.302079+00:00","generated_at":"2026-05-18T05:25:17.016957+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 Q2 net income $6.0M ($0.92 EPS) vs $4.9M ($0.75) year ago; NIM expands to 3.65%","bullets":["Net income $6.0M ($0.92 diluted EPS) up 22% from $4.9M ($0.75) in Q2 2024; revenue growth from higher loan yields and stable funding costs.","Net interest margin (FTE) 3.65% in Q2 2025, up from 3.31% in H1 2024, driven by rising loan yields and controlled deposit costs.","Loan production of $65.1M commercial and $19.2M residential in Q2; total gross loans up $21.7M YTD to $1.5B.","Provision for credit losses $0.9M, down from $1.2M a year ago; asset quality improved with non-accrual loans falling to $3.8M.","Declared cash dividend $0.22 per share; book value per share $29.43, up 6% from $27.71 at Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-069174","json":"https://secwatch.observer/filing/0001104659-25-069174.json","markdown":"https://secwatch.observer/filing/0001104659-25-069174.md","text":"https://secwatch.observer/filing/0001104659-25-069174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465925069174/0001104659-25-069174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465925069174/tm2521255d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:25:17.016957+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"}