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11-04-2010, 07:25 PM
First United Corporation , a financial holding company and the parent company of First United Bank & Trust, reported net income for the third quarter of 2010 of $.3 million compared to a net loss of $5.6 million for the third quarter of 2009. Â*The net interest margin, on a fully tax-equivalent basis, for the third quarter of 2010 was 2.51% compared to 3.53% for the same period of 2009. Â*The increased liquidity position, at lower investment rates, was a primary factor that contributed to the reduced margin and lower net interest income for the quarter.
More... (http://finance.yahoo.com/news/First-United-Corporation-prnews-221539093.html?x=0)
More... (http://finance.yahoo.com/news/First-United-Corporation-prnews-221539093.html?x=0)