First United Bank & Trust
Oakland, Maryland, Garrett County
$2.1B in total assets, the 609th largest of 4,309 US banks and 6th of 27 headquartered in Maryland.
- FDIC certificate
- 4857
- Established
- 1900
- Owned by
- First United Corp
- Primary regulator
- FDIC
- Website
- https://www.mybank.com
At a glance
Compared with 9 banks headquartered in Maryland with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.1B | 44% | $3.8B | |
| Loans | $1.6B | 44% | $3.1B | |
| Deposits | $1.7B | 44% | $3.4B | |
| Return on assets | 1.28% | 67% | 1.19% | |
| Net interest margin | 3.96% | 78% | 3.77% | |
| Efficiency ratio | 61.0% | 44% | 61.0% | |
| Equity to assets | 10.60% | 33% | 10.98% | |
| Loans to deposits | 90% | 67% | 87% |
Growth
Total assets grew 3.3% a year over the last 5 years and 4.8% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 1995 | Myersville Bank Myersville, MD, an affiliate under the same holding company | $79M |
| Aug 1995 | First United Bank of West Virginia, National Association Oakland, MD, an affiliate under the same holding company | $50M |
| Nov 1983 | Cumberland Savings Bank Cumberland, MD | n/a |
| Jan 1970 | The First National Bank of Barton Barton, MD | n/a |
| Jan 1970 | The Citizens National Bank of Westernport Westernport, MD | n/a |
Where they operate
23 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Garrett County, MD | $510M | 62.5% | 1 of 6 |
| Allegany County, MD | $310M | 35.6% | 1 of 5 |
| Frederick County, MD | $259M | 3.9% | 10 of 15 |
| Washington County, MD | $193M | 5.7% | 6 of 13 |
| Monongalia County, WV | $166M | 3.2% | 8 of 13 |
| Berkeley County, WV | $166M | 7.6% | 6 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 2 branches since 2016 (25 to 23, −8.0%). 6 opened, 0 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2016 | Opened FrederickClosed 3 in 2 states | 1 | 3 | −2 | 23 |
| 2017 | Opened Bridgeport | 1 | 0 | +1 | 24 |
| 2018 | Opened Hagerstown | 1 | 0 | +1 | 25 |
| 2022 | Opened Morgantown | 1 | 0 | +1 | 26 |
| 2024 | Closed 4 in 2 states | 0 | 4 | −4 | 22 |
| 2025 | Opened Boonsboro and WestoverClosed Morgantown | 2 | 1 | +1 | 23 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 36% | 40% | |
| 1-4 family residential | 35% | 25% | |
| Business (C&I) | 15% | 13% | |
| Construction and land | 7% | 8% | |
| Consumer | 3% | 2% | |
| Multifamily | 3% | 6% | |
| Farmland | 1% | 1% | |
| Other | 1% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 54% | |
| Noninterest-bearing | 25% | 18% | |
| Time deposits | 10% | 28% |
Brokered deposits are 1.4% of deposits (peers 10.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.29% | 1.46% |
| Net charge-offs, annualized | 0.04% | 0.09% |
| Reserves to loans | 1.31% | 1.03% |
| Leverage ratio | 11.56% | 11.24% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Maryland
Largest competitors in Garrett County, MD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-united-bank-trust-oakland-md