Corporate Strategy and Financial Performance
Diversified Fee Income
Non-Interest Income Mix - 2Q 2022
Trust & Brokerage Assets
Under Management (MMS)
11
$1,482
$1,377
$1,331
Composition
Trust and Brokerage
$1,212
$1,084
54%
Service Charges
15%
Net Gain on Loan Sales
0%
Debit Card Income
21%
Bank-owned Life Insurance
7%
Other Noninterest Income
3%
2018
2019
2020
2021 2Q22
■ First United's non-interest income (1) comprised 24% of operating revenue for the first
six months of 2022
■ Fee-based business provides stable growth and a diversified revenue stream not
directly tied to interest rates, as well as opportunities to build client relationships
■ First United's diverse array of products provides opportunities to fully engage with
customers and produce stable increases to earnings
Wealth acquisition strategy in place to grow assets under management; fees impacted
in first six months of 2022 due to reduction in asset market value resulting from volatile
stock market and declining bond values due to increasing interest rates
19
(1) See Appendix for a reconciliation of these non-GAAP financial measuresView entire presentation