UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Report for the Calendar Year or Quarter Ended: December 31, 2004
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: First United Bank & Trust
Address: 19 South Second Street
Oakland, Maryland 21550
Form 13F File Number: 28-10455
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Eugene D. Helbig
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Title: Senior Trust Officer
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Phone: 301-533-2360
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Signature, Place, and Date of Signing:
/s/ Eugene D. Helbig Oakland, Maryland 2/11/05
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Signature City, State Date
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 118
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Form 13F Information Table Value Total: $82,680
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
None
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
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ABBOTT LABS COM 2824100 295 6335 SH SOLE 6335 0 0
ALLEGHENY ENERGY INC COM 17361106 203 10333 SH SOLE 10333 0 0
ALTRIA GROUP INC COM 02209S103 309 5060 SH SOLE 5060 0 0
APPLIED MATLS INC COM 38222105 969 56725 SH SOLE 56725 0 0
APPLIED MATLS INC COM 38222105 18 1100 SH DEFINED 1100 0 0
AVON PRODUCTS INC 54303102 434 11240 SH SOLE 11240 0 0
BB&T CORP COM 54937107 526 12529 SH SOLE 12529 0 0
BB&T CORP COM 54937107 37 900 SH DEFINED 900 0 0
BP AMOCO P L C SPONSORED ADR 55622104 325 5574 SH SOLE 5574 0 0
BP AMOCO P L C SPONSORED ADR 55622104 87 1500 SH DEFINED 1500 0 0
BANK OF AMERICA CORP 60505104 2750 58525 SH SOLE 58525 0 0
BANK OF AMERICA CORP 60505104 47 1020 SH DEFINED 1020 0 0
BELLSOUTH CORP COM 79860102 683 24613 SH SOLE 24613 0 0
BELLSOUTH CORP COM 79860102 29 1068 SH DEFINED 1068 0 0
BRINKER INTERNATIONAL INC 109641100 1023 29205 SH SOLE 29205 0 0
BRINKER INTERNATIONAL INC 109641100 19 550 SH DEFINED 550 0 0
CHEVRONTEXACO 166764100 557 10624 SH SOLE 10624 0 0
CHEVRONTEXACO 166764100 11 224 SH DEFINED 224 0 0
CISCO SYS INC COM 17275R102 1249 64721 SH SOLE 64721 0 0
CISCO SYS INC COM 17275R102 6 350 SH DEFINED 350 0 0
CITIGROUP INC COM 172967101 2662 55267 SH SOLE 55201 0 66
CITIGROUP INC COM 172967101 33 700 SH DEFINED 700 0 0
COCA COLA BOTTLING CO CONS COM 191098102 684 12000 SH SOLE 12000 0 0
COMCAST CORP NEW 20030N200 226 6895 SH SOLE 6895 0 0
COMCAST CORP NEW 20030N200 13 400 SH DEFINED 400 0 0
DUFF & PHELPS UTILS INCOME ICOM 23325P104 191 16070 SH SOLE 16070 0 0
DUFF & PHELPS UTILS INCOME ICOM 23325P104 7 600 SH DEFINED 600 0 0
DANAHER CORP DEL COM 235851102 2375 41390 SH SOLE 41390 0 0
DANAHER CORP DEL COM 235851102 22 400 SH DEFINED 400 0 0
DELL COMPUTER CORP COM 24702R101 1195 28369 SH SOLE 28369 0 0
DELL COMPUTER CORP COM 24702R101 13 325 SH DEFINED 325 0 0
UIT DIAMONDS TR SER 1 252787106 1772 16490 SH SOLE 16490 0 0
UIT DIAMONDS TR SER 1 252787106 26 250 SH DEFINED 250 0 0
DISNEY WALT CO COM DISNEY 254687106 1344 48369 SH SOLE 48369 0 0
DISNEY WALT CO COM DISNEY 254687106 20 750 SH DEFINED 750 0 0
DOMINION NEW RES INC VA NEW 25746U109 1529 22576 SH SOLE 22576 0 0
DOMINION NEW RES INC VA NEW 25746U109 19 285 SH DEFINED 285 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1148 23410 SH SOLE 23410 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 72 1480 SH DEFINED 1480 0 0
E M C CORP MASS COM 268648102 363 24455 SH SOLE 24455 0 0
E M C CORP MASS COM 268648102 5 400 SH DEFINED 400 0 0
ERIE INDTY CO CL A 29530P102 406 7726 SH SOLE 7726 0 0
EXXON MOBIL CORP COM 30231G102 3678 71779 SH SOLE 71779 0 0
EXXON MOBIL CORP COM 30231G102 662 12925 SH DEFINED 12925 0 0
FIRST UNITED CORPORATION 33741H107 10104 490739 SH SOLE 483739 7000 0
FIRST UNITED CORPORATION 33741H107 221 10737 SH DEFINED 10737 0 0
FLAHERTY & CRUMRINE CLAY/ PREF 338478100 970 37308 SH SOLE 37308 0 0
FC CLAYMORE TOTAL RETURN PREFERRED STOCK 338479108 215 8705 SH SOLE 8705 0 0
FC CLAYMORE TOTAL RETURN PREFERRED STOCK 338479108 9 400 SH DEFINED 400 0 0
GENERAL DYNAMICS 369550108 217 2075 SH SOLE 2075 0 0
GENERAL ELEC CO COM 369604103 3584 98216 SH SOLE 98141 0 75
GENERAL ELEC CO COM 369604103 76 2084 SH DEFINED 2084 0 0
GENERAL MTRS CORP COM 370442105 241 6034 SH SOLE 6034 0 0
HOME DEPOT INC COM 437076102 264 6193 SH SOLE 6193 0 0
HOME DEPOT INC COM 437076102 1 40 SH DEFINED 40 0 0
INTEL CORP COM 458140100 953 40780 SH SOLE 40780 0 0
INTEL CORP COM 458140100 14 600 SH DEFINED 600 0 0
INTERNATIONAL BUSINESS MAC HSCOM 459200101 2464 25004 SH SOLE 25004 0 0
INTERNATIONAL BUSINESS MAC HSCOM 459200101 34 350 SH DEFINED 350 0 0
INTL PAPER CO COM 460146103 765 18221 SH SOLE 18221 0 0
INTL PAPER CO COM 460146103 4 100 SH DEFINED 100 0 0
ISHARES RUSSELL 2000 VALUE 464287630 428 2219 SH SOLE 2219 0 0
ISHARES TR RUSSELL 2000
GROWTH INDEX FD 464287648 472 7023 SH SOLE 7023 0 0
ISHARES - HEALTH 464287762 275 4670 SH SOLE 4670 0 0
JOHNSON & JOHNSON COM 478160104 2665 42037 SH SOLE 42037 0 0
JOHNSON & JOHNSON COM 478160104 35 560 SH DEFINED 560 0 0
KIMBERLY CLARK CORP COM 494368103 351 5336 SH SOLE 5336 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 260 5870 SH SOLE 5870 0 0
KOHL'S CORP (WISCONSIN) 500255104 1343 27324 SH SOLE 27324 0 0
KOHL'S CORP (WISCONSIN) 500255104 11 240 SH DEFINED 240 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1513 20660 SH SOLE 20660 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 9 125 SH DEFINED 125 0 0
LOWES COS INC COM 548661107 1758 30530 SH SOLE 30530 0 0
LOWES COS INC COM 548661107 11 200 SH DEFINED 200 0 0
M & T BANK CORP 55261F104 749 6946 SH SOLE 6946 0 0
M & T BANK CORP 55261F104 6 59 SH DEFINED 59 0 0
MBNA CORP COM 55262L100 1717 60951 SH SOLE 60951 0 0
MBNA CORP COM 55262L100 18 650 SH DEFINED 650 0 0
MEADWESTVACO CORP 583334107 345 10203 SH SOLE 10203 0 0
MEDTRONIC INC COM 585055106 2224 44785 SH SOLE 44785 0 0
MEDTRONIC INC COM 585055106 27 550 SH DEFINED 550 0 0
MICROSOFT CORP COM 594918104 1600 59913 SH SOLE 59913 0 0
MICROSOFT CORP COM 594918104 2 100 SH DEFINED 100 0 0
UIT NASDAQ 100 TR 1 631100104 283 7110 SH SOLE 7110 0 0
UIT NASDAQ 100 TR 1 631100104 21 540 SH DEFINED 540 0 0
NUVEEN INSD QUALITY MUN FD I COM 67062N103 805 51719 SOLE 48719 3000 0
NUVEEN QUALITY PFD 8.40 % 67072C105 904 62780 SH SOLE 62780 0 0
NUVEEN QUALITY PFD 8.40 % 67072C105 12 865 SH DEFINED 865 0 0
NUVEEN QUALITY PFD INC FD #3 67072W101 425 29500 SH SOLE 25500 4000 0
PEPSICO INC COM 713448108 2594 49710 SH SOLE 49710 0 0
PEPSICO INC COM 713448108 48 924 SH DEFINED 924 0 0
PFIZER INC COM 717081103 1835 68293 SH SOLE 68293 0 0
PFIZER INC COM 717081103 38 1424 SH DEFINED 1424 0 0
PROCTER & GAMBLE CO COM 742718109 555 10088 SH SOLE 10088 0 0
PROCTER & GAMBLE CO COM 742718109 13 250 SH DEFINED 250 0 0
SBC COMMUNICATIONS INC COM 78387G103 628 24378 SH SOLE 24378 0 0
SPDR TRUST UNIT 78462F103 1447 11979 SH SOLE 11979 0 0
SPDR TRUST UNIT 78462F103 57 475 SH DEFINED 475 0 0
SCHLUMBERGER LTD COM 806857108 921 13762 SH SOLE 13762 0 0
SCHLUMBERGER LTD COM 806857108 13 200 SH DEFINED 200 0 0
SPDR - CONSUMER STAPLES 81369Y308 219 9526 SH SOLE 9526 0 0
SPDR - CONSUMER STAPLES 81369Y308 2 100 SH DEFINED 100 0 0
SPDR-INDUSTRIAL 81369Y704 693 22321 SH SOLE 22321 0 0
SPDR-INDUSTRIAL 81369Y704 8 275 SH DEFINED 275 0 0
SPDR-UTILITIES 81369Y886 215 7730 SH SOLE 7730 0 0
SPDR-UTILITIES 81369Y886 1 40 SH DEFINED 40 0 0
STAPLES 855030102 830 24652 SH SOLE 24652 0 0
STATE ST CORP 857477103 899 18310 SH SOLE 18310 0 0
STATE ST CORP 857477103 28 580 SH DEFINED 580 0 0
VERIZON COMMUNICATIONS 92343V104 2023 49965 SH SOLE 49965 0 0
VERIZON COMMUNICATIONS 92343V104 60 1504 SH DEFINED 1504 0 0
WACHOVIA CORP 2ND NEW 929903102 436 8307 SH SOLE 8307 0 0
WACHOVIA CORP 2ND NEW 929903102 19 364 SH DEFINED 364 0 0
WAL MART STORES INC COM 931142103 1270 24056 SH SOLE 24006 0 50
WAL MART STORES INC COM 931142103 21 400 SH DEFINED 400 0 0
CLAYMORE TIP 95766Q106 482 36274 SH SOLE 36274 0 0
CLAYMORE TIP 95766Q106 8 665 SH DEFINED 665 0 0
CLAYMORE TIPS II 95766R104 870 67903 SH SOLE 67716 0 187
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GRAND TOTALS 82680 2381013 2366635 14000 378
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