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First United FUNC Wealth Management — Intangible Assets Net Including Goodwill
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Where this comes from
Reported directly by First United in its filing.
Tagged under the XBRL concept us-gaap:IntangibleAssetsNetIncludingGoodwill.
The source filing: First United’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 5:16 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001104659-26-092127
| (in thousands) | Six months ended / Community / Banking | Six months ended / Wealth / Management | Six months ended / Total |
|---|---|---|---|
| Income tax expense | 3,297 | 613 | 3,910 |
| Net income | $10,028 | $2,302 | $12,330 |
| Significant noncash items | |||
| Credit loss expense | $1,660 | — | $1,660 |
| Depreciation | 1,207 | 8 | 1,215 |
| Amortization of intangible assets | 60 | 105 | 165 |
| Goodwill and other intangibles | $11,174 | $105 | $11,279 |
| Total assets | $2,081,949 | $143 | $2,082,092 |
Item 1. Financial Statements June 30, 2026 (unaudited); December 31, 2025 (audited)
FAQ
- What is First United's wealth management — intangible assets net including goodwill?
- First United (FUNC) reported wealth management — intangible assets net including goodwill of $105K in Q2 2026.
- What does wealth management — intangible assets net including goodwill mean?
- This metric represents the net book value of intangible assets, including goodwill, specifically allocated to the wealth management business segment. It reflects the premium paid for acquisitions or the value of non-physical assets such as client relationships, brand equity, and trust service licenses within the wealth management division. Monitoring this balance helps investors assess the carrying value of the segment's intangible investments and potential impairment risks associated with its fiduciary and advisory operations.
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