FIRST UNITED CORP/MD/ — Interim / Quarterly Report 2021

Nov 12, 2021

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Amendment No. 1)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For quarterly period ended September 30, 2021

◻ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ___ to ____

Commission file number 0-14237

First United Corporation

(Exact name of registrant as specified in its charter)

​	​	​
Maryland		52-1380770
(State or other jurisdiction of incorporation or organization)	​	(I. R. S. Employer Identification No.)
​		​
19 South Second Street , Oakland , Maryland	​	21550-0009
(Address of principal executive offices)	​	(Zip Code)

( 800 ) 470-4356

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

​	​	​	​	​
Title of each class		Trading Symbols		Name of each exchange on which registered
Common Stock	​	FUNC	​	Nasdaq Stock Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ◻

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ◻

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

​	​
Large Accelerated filer ◻	Accelerated Filer ◻
Non-Accelerated filer ☑	Smaller Reporting Company ☑
Emerging Growth Company ◻	​

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act. ◻

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ◻ No ☑

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 6,617,941 shares of common stock, par value $.01 per share, as of October 31, 2021 .

EXPLANATORY NOTE

This Amendment No. 1 on Form 10-Q/A is being filed for the purpose of amending the number of outstanding shares of the common stock of First United Corporation (the “Corporation”) stated on the cover page to the Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, which was filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2021 (the “Original Report”). Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications by the Corporation’s principal executive officer and principal financial officer are filed or furnished with this Amendment No. 1 as Exhibits 31.1, 31.2, and 32.1, so Item 6 of Part II of the Original Report is also amended hereby.

Except as expressly provided above, this Amendment No. 1 on Form 10-Q/A speaks as of the date of the Original Report and the Corporation has not updated the disclosures contained in any item thereof to speak as of a later date. All information contained in this Amendment No. 1 on Form 10-Q/A is subject to updating and supplementing as provided in the Corporation’s reports filed with the SEC subsequent to the date on which the Original Report was filed.

Item 6. Exhibits

The exhibits filed or furnished with this quarterly report are listed in the following Exhibit Index.

​	​	​
Exhibit		Description
	​	​
31.1	​	Certifications of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act (filed herewith)
31.2	​	Certifications of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act (filed herewith)
32	​	Certification of the Principal Executive Officer and the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act (furnished herewith)
101.INS	​	Inline XBRL Instance Document*
101.SCH	​	Inline XBRL Taxonomy Extension Schema*
101.CAL	​	Inline XBRL Taxonomy Extension Calculation Linkbase*
101.DEF	​	Inline XBRL Taxonomy Extension Definition Linkbase*
101.LAB	​	Inline XBRL Taxonomy Extension Label Linkbase*
101.PRE	​	Inline XBRL Taxonomy Extension Presentation Linkbase*
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL document and included within the Exhibit 101 attachments).

• Previously filed with the Original Report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

​ ​	​
​ ​	FIRST UNITED CORPORATION
​	​
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Date: November 12, 2021	/s/ Carissa L. Rodeheaver
​	Carissa L. Rodeheaver, CPA
​	Chairman of the Board, President and Chief Executive Officer
​	(Principal Executive Officer)
​	​
​	​
Date: November 12, 2021	/s/ Tonya K. Sturm
​	Tonya K. Sturm, Senior Vice President,
​	Chief Financial Officer
​	(Principal Financial Officer and Principal Accounting Officer)