EX-99.2

EXHIBIT 99.2

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

Consolidated Statements of Income


	Three Months Ended									Six Months Ended
	June			June			March			June			June
	2009			2008			2009			2009			2008
Interest & Loan Fees Income	$	92,532		$	106,419		$	94,705		$	187,237		$	219,965
Tax equivalent adjustment		2,902			3,638			2,964			5,866			7,598

Interest & Fees Income (FTE)		95,434			110,057			97,669			193,103			227,563
Interest expense		30,323			43,267			33,788			64,111			94,535

Net Interest Income (FTE)		65,111			66,790			63,881			128,992			133,028

Credit Loss Provision		23,251			4,351			8,028			31,279			6,451

Non-Interest Income:
Fees from trust & brokerage services		3,506			4,553			3,594			7,100			8,492
Fees from deposit services		10,255			10,002			9,303			19,558			19,085
Bankcard fees and merchant discounts		1,058			1,734			923			1,981			3,292
Other charges, commissions, and fees		526			589			451			977			1,077
Income (loss) from bank-owned life insurance		1,340			1,012			(102	)		1,238			2,321
Mortgage banking income		167			156			137			304			249
Other non-interest revenue		2,293			1,183			1,015			3,308			2,368
Total other-than-temporary impairment losses		(1,137	)		(37	)		(95	)		(1,232	)		(61	)
Portion of loss recognized in other comprehensive income		—			—			—			—			—
Net (losses) gains on sales/calls of investment securities		(158	)		(9	)		164			6			970

Total Non-Interest Income		17,850			19,183			15,390			33,240			37,793


Non-Interest Expense:
Employee compensation		14,751			15,534			14,947			29,698			30,978
Employee benefits		4,734			3,407			4,889			9,623			6,991
Net occupancy		4,154			3,974			4,552			8,706			8,271
Other expenses		16,244			16,428			14,902			31,146			33,047
Amortization of intangibles		662			940			704			1,366			1,958
OREO expense		869			1,043			1,237			2,106			1,285
FDIC expense		4,284			151			583			4,867			305

Total Non-Interest Expense		45,698			41,477			41,814			87,512			82,835


Income Before Income Taxes (FTE)		14,012			40,145			29,429			43,441			81,535

Tax equivalent adjustment		2,902			3,638			2,964			5,866			7,598


Income Before Income Taxes		11,110			36,507			26,465			37,575			73,937

Taxes		2,954			11,360			(3,168	)		(214	)		23,094


Net Income	$	8,156		$	25,147		$	29,633		$	37,789		$	50,843


MEMO: Effective Tax Rate		26.59	%		31.12	%		(11.97	%)		(0.57	%)		31.23	%

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

Consolidated Balance Sheets


	June 30			June 30
	2009			2008			June 30			December 31			June 30
	Q-T-D Average			Q-T-D Average			2009			2008			2008
Cash & Cash Equivalents	$	182,500		$	202,676		$	201,899		$	213,534		$	227,250

Securities Available for Sale		1,001,965			1,175,727			958,362			1,097,043			1,174,929
Held to Maturity Securities		103,138			143,320			102,168			116,407			139,805
Other Investment Securities		78,478			80,909			77,695			78,372			82,154

Total Securities		1,183,581			1,399,956			1,138,225			1,291,822			1,396,888

Total Cash and Securities		1,366,081			1,602,632			1,340,124			1,505,356			1,624,138


Loans held for sale		3,998			2,134			12,191			868			4,199

Commercial Loans		3,880,602			3,724,885			3,859,404			3,916,768			3,752,540
Mortgage Loans		1,711,452			1,742,232			1,682,878			1,754,100			1,746,862
Consumer Loans		357,725			359,712			352,940			349,690			353,316


Gross Loans		5,949,779			5,826,829			5,895,222			6,020,558			5,852,718

Unearned income		(5,491	)		(6,788	)		(5,066	)		(6,403	)		(6,734	)


Loans, net of unearned income		5,944,288			5,820,041			5,890,156			6,014,155			5,845,984

Allowance for Loan Losses		(62,760	)		(56,780	)		(64,222	)		(61,494	)		(57,033	)

Goodwill		312,192			312,309			312,140			312,263			312,371
Other Intangibles		6,362			9,450			6,019			7,384			8,920

Total Intangibles		318,554			321,759			318,159			319,647			321,291

Real Estate Owned		35,858			8,906			42,223			19,817			9,618
Other Assets		294,650			286,910			308,885			303,742			300,275


Total Assets	$	7,900,669		$	7,985,602		$	7,847,516		$	8,102,091		$	8,048,472


MEMO: Earning Assets	$	7,102,032		$	7,208,212		$	7,011,338		$	7,267,990		$	7,227,167


Interest-bearing Deposits	$	4,690,644		$	4,507,731		$	4,669,705		$	4,741,855		$	4,595,039
Noninterest-bearing Deposits		1,025,773			854,850			1,066,205			906,099			877,940

Total Deposits		5,716,417			5,362,581			5,735,910			5,647,954			5,472,979

Short-term Borrowings		494,605			918,710			426,942			778,320			829,063
Long-term Borrowings		860,377			854,010			852,312			852,685			903,471

Total Borrowings		1,354,982			1,772,720			1,279,254			1,631,005			1,732,534

Other Liabilities		63,115			66,521			75,969			86,420			70,095


Total Liabilities		7,134,514			7,201,822			7,091,133			7,365,379			7,275,608


Preferred Equity		—			—			—			—			—
Common Equity		766,155			783,780			756,383			736,712			772,864

Total Shareholders’ Equity		766,155			783,780			756,383			736,712			772,864


Total Liabilities & Equity	$	7,900,669		$	7,985,602		$	7,847,516		$	8,102,091		$	8,048,472

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)


	Three Months Ended								Six Months Ended
	June			June			March		June		June
Quarterly/Year-to-Date Share Data:	2009			2008			2009		2009		2008
Earnings Per Share:
Basic	$	0.19		$	0.58		$	0.68	$	0.87	$	1.18
Diluted	$	0.19		$	0.58		$	0.68	$	0.87	$	1.17

Common Dividend Declared Per Share:	$	0.29		$	0.29		$	0.29	$	0.58	$	0.58

High Common Stock Price	$	27.75		$	31.33		$	33.64	$	33.64	$	33.07
Low Common Stock Price	$	16.81		$	22.95		$	13.15	$	13.15	$	22.95

Average Shares Outstanding (Net of Treasury Stock):
Basic		43,396,901			43,264,809			43,407,224		43,402,034		43,255,830
Diluted		43,463,108			43,419,616			43,465,298		43,464,674		43,419,276

Memorandum Items:

Tax Applicable to Security Sales/Calls	$	(55	)	$	(3	)	$	57	$	2	$	340

Common Dividends	$	12,599		$	12,548		$	12,594	$	25,193	$	25,090


	June		June		March
EOP Share Data:	2009		2008		2009
Book Value Per Share	$	17.42	$	17.86	$	17.44
Tangible Book Value Per Share	$	10.09	$	10.44	$	10.10

52-week High Common Stock Price	$	42.00	$	33.61	$	42.00
Date		09/19/08		10/05/07		09/19/08
52-week Low Common Stock Price	$	13.15	$	22.95	$	13.15
Date		03/06/09		06/30/08		03/06/09

EOP Shares Outstanding (Net of Treasury Stock):		43,412,424		43,270,277		43,397,108

Memorandum Items:

EOP Employees (full-time equivalent)		1,502		1,568		1,512

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)


	Three Months Ended									Six Months Ended
	June			June			March			June			June
	2009			2008			2009			2009			2008
Selected Yields and Net Interest Margin:
Loans		5.44	%		6.34	%		5.50	%		5.47	%		6.60	%
Investment Securities		5.24	%		5.39	%		5.34	%		5.29	%		5.53	%
Money Market Investments/FFS		0.11	%		2.07	%		0.45	%		0.28	%		2.53	%
Average Earning Assets Yield		5.38	%		6.13	%		5.45	%		5.42	%		6.37	%
Interest-bearing Deposits		1.79	%		2.69	%		2.08	%		1.94	%		2.92	%
Short-term Borrowings		0.08	%		1.64	%		0.16	%		0.12	%		2.23	%
Long-term Borrowings		4.34	%		4.40	%		4.20	%		4.27	%		4.59	%
Average Liability Costs		2.01	%		2.77	%		2.19	%		2.10	%		3.04	%
Net Interest Spread		3.37	%		3.36	%		3.26	%		3.32	%		3.33	%
Net Interest Margin		3.67	%		3.71	%		3.56	%		3.61	%		3.72	%

Selected Financial Ratios:

Return on Average Common Equity		4.27	%		12.90	%		16.25	%		10.07	%		13.12	%
Return on Average Assets		0.41	%		1.27	%		1.50	%		0.96	%		1.29	%
Efficiency Ratio		52.42	%		45.91	%		50.34	%		51.41	%		46.84	%


	June			June			March
	2009			2008			2009
Loan / Deposit Ratio		102.69	%		106.82	%		105.56	%
Allowance for Loan Losses/ Loans, net of unearned income		1.09	%		0.98	%		1.04	%
Allowance for Credit Losses ⁽¹⁾/ Loans, net of unearned income		1.13	%		1.01	%		1.08	%
Nonaccrual Loans / Loans, net of unearned income		0.73	%		0.58	%		0.67	%
90-Day Past Due Loans/ Loans, net of unearned income		0.28	%		0.27	%		0.32	%
Non-performing Loans/ Loans, net of unearned income		1.03	%		0.84	%		1.01	%
Non-performing Assets/ Total Assets		1.31	%		0.73	%		1.16	%
Primary Capital Ratio		10.40	%		10.26	%		10.21	%
Shareholders’ Equity Ratio		9.64	%		9.60	%		9.48	%
Price / Book Ratio		1.12	x		1.28	x		0.99	x
Price / Earnings Ratio		26.03	x		9.91	x		6.32	x

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)


	June		June		December		March
Asset Quality Data:	2009		2008		2008		2009
EOP Non-Accrual Loans	$	42,825	$	33,676	$	42,317	$	40,248
EOP 90-Day Past Due Loans		16,532		15,696		11,881		19,214
EOP Restructured Loans		1,095		—		—		1,134

Total EOP Non-performing Loans	$	60,452	$	49,372	$	54,198	$	60,596

EOP Other Real Estate & Assets Owned		42,223		9,618		19,817		31,768

Total EOP Non-performing Assets	$	102,675	$	58,990	$	74,015	$	92,364


	Three Months Ended									Six Months Ended
	June			June			March			June			June
Allowance for Credit Losses:⁽¹⁾	2009			2008			2009			2009			2008
Beginning Balance	$	64,682		$	59,050		$	63,603		$	63,603		$	58,744
Provision Expense		23,251			4,351			8,028			31,279			6,451

		87,933			63,401			71,631			94,882			65,195
Gross Charge-offs		(21,702	)		(4,484	)		(7,351	)		(29,053	)		(6,517	)
Recoveries		303			244			402			705			483

Net Charge-offs		(21,399	)		(4,240	)		(6,949	)		(28,348	)		(6,034	)

Ending Balance	$	66,534		$	59,161		$	64,682		$	66,534		$	59,161


Note: (1) Includes allowances for loan losses and lending-related commitments.