8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
July 26, 2007

United Bankshares, Inc.

(Exact name of registrant as specified in its charter)

West Virginia	No. 0-13322	55-0641179
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301(Address of Principal Executive Offices)

(304) 424-8800(Registrant’s telephone number, including area code)

Not Applicable(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

     On July 26, 2007, United Bankshares, Inc. (“United”) announced its financial results for the second quarter and first half of 2007. A copy of the press release is attached as Exhibit 99.1 to this report. Additionally, United provided supplemental financial information for analysts and other interested investors, which is attached as Exhibit 99.2 to this report. The press release and supplemental financial information are being furnished under Item 2.02 of this Form 8-K.

Item 9.01. Financial Statements and Exhibits

(c) The following exhibits are being furnished herewith:

99.1	Press Release, dated July 26, 2007, issued by United Bankshares, Inc.
99.2	Unaudited Supplemental Financial Information

SIGNATURES

     Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UNITED BANKSHARES, INC.
Date: July 26, 2007	By:	/s/ Steven E. Wilson
		Steven E. Wilson, Executive Vice President,
		Treasurer, Secretary and Chief Financial Officer

EX-99.1

EXHIBIT 99.1
News Release

For Immediate Release	Contact: Steven E. Wilson
July 26, 2007	Chief Financial Officer
	(304) 424-8704

United Bankshares, Inc. Announces Earnings
for the Second Quarter and First Half of 2007

     WASHINGTON, DC and CHARLESTON, WV— United Bankshares, Inc. (NASDAQ: UBSI), today reported earnings for the second quarter and the first half of 2007. Diluted earnings per share were 60¢ for the second quarter of 2007, which was equal to diluted earnings per share of 60¢ for the second quarter of 2006. Second quarter of 2007 net income was $24.5 million compared to $25.5 million for the second quarter of 2006. Diluted earnings per share were $1.19 for the first half of 2007, which was also equal to diluted earnings per share of $1.19 for the first half of 2006. Net income for the first six months of 2007 totaled $48.9 million compared to $50.1 million for the prior year’s first six months.

     Second quarter of 2007 results produced a return on average assets of 1.50% and a return on average equity of 15.22%, as compared to 1.53% and 15.84%, respectively, for the second quarter of 2006. For the first half of 2007, United’s return on average assets was 1.50% while the return on average equity was 15.33% as compared to 1.51% and 15.67%, respectively, for the first half of 2006. These financial performance ratios are indicative of United’s earnings strength as United continues to compare favorably to the most recently reported average returns on average assets and average equity of 1.07% and 10.73%, respectively, for its peer group (bank holding companies with total assets between $5 and $10 billion).

     On a linked-quarter basis, United’s tax-equivalent net interest income for the second quarter of 2007 increased $233 thousand compared to the first quarter of 2007 due primarily to one additional day in the quarter and a 3 basis point increase in the average yield on earning assets. Average net loans were relatively flat, growing $17.0 million or less than 1% for the quarter. Period end loans, net of unearned income at June 30, 2007 grew $96.5 million or 8% annualized from March 31, 2007 as commercial loans increased $109.6 million or 16% annualized. Partially offsetting these increases to net interest income for the second quarter of 2007 was a corresponding 3 basis point increase in the cost of funds from the first quarter of 2007 due to competitive deposit pricing. The net interest margin for the second quarter of 2007 of 3.80% was an increase of 1 basis point from the net interest margin of 3.79% for the first quarter of 2007.

     Tax-equivalent net interest income for the second quarter of 2007 was $56.9 million, a decrease of $2.5 million or 4% from the second quarter of 2006. The average yield on earning assets increased 24 basis points from the second quarter of 2006; however, the average cost of funds increased 36 basis points due to higher interest rates and competitive deposit pricing. Average earning assets decreased $122.2 million or 2% from the second quarter of 2006 as average investment securities declined $117.8 million or 9%. The net interest margin

United Bankshares, Inc. Announces...
July 26, 2007
Page Two

for the second quarter of 2007 was 3.80%, an 8 basis point decrease from the second quarter 2006 net interest margin of 3.88%.

     Tax-equivalent net interest income for the first six months of 2007 was $113.6 million, a decrease of $4.5 million or 4% from the prior year’s first six months as the average yield on earning assets increased 36 basis points from the first half of 2006; however, the average cost of funds increased 49 basis points due to higher interest rates and competitive deposit pricing. Average earning assets decreased $117.8 million or 2% from the first half of 2006 as average loan growth of $47.8 million or 1% was more than offset by a decline in average investment securities of $165.8 million or 12%. The net interest margin for the first half of 2007 was 3.79%, an 8 basis point decrease from a net interest margin of 3.87% during the same period last year.

     On a linked-quarter basis, noninterest income for the second quarter of 2007 increased $1.6 million or 11% from the first quarter of 2007 partly because of a before-tax gain of $787 thousand on the termination of two interest rate swaps associated with prepayment of two $100 million long-term Federal Home Loan Bank (“FHLB”) advances. Additionally, deposit service fees increased $691 thousand or 10% while revenue from trust and brokerage services increased $217 thousand or 6% for the second quarter of 2007 as compared to the first quarter of 2007.

     Noninterest income for the second quarter of 2007 was $16.5 million, an increase of $2.1 million or 15% from the second quarter of 2006. Included in noninterest income for the second quarter of 2007 was a before-tax gain of $787 thousand on the two interest rate swap terminations. Otherwise, the growth in noninterest income was primarily due to an increase in fees from deposit services of $652 thousand or 9%. In addition, income from bank-owned life insurance increased $266 thousand due to an increase in the cash surrender value and revenue from trust and brokerage services grew $116 thousand or 3% due to increased volume for the second quarter of 2007 over last year’s second quarter.

     Noninterest income for the first half of 2007 was $31.4 million, an increase of $3.4 million or 12% from the first half of 2006 as fees from deposit services increased $839 thousand or 6%. Income from bank-owned life insurance increased $682 thousand due to an increase in the cash surrender value. Revenue from trust and brokerage services for the first half of 2007 rose $642 thousand or 10% as compared to the first half of 2006. As previously mentioned, included in total noninterest income for the first half of 2007 was a before-tax gain of $787 thousand on the termination of two interest rate swaps associated with prepayment of two $100 million long-term FHLB advances. Included in noninterest income for the first half of 2006 were the results of United’s balance sheet repositioning which occurred during the first quarter of 2006. As part of the repositioning, United prepaid a FHLB advance and terminated an interest rate swap associated with the advance. United recognized a $3.1 million gain on the termination of the interest rate swap. In addition, United incurred a net loss on security transactions of $2.9 million due to an other than temporary impairment on approximately $86 million of low-yielding fixed rate investment securities which United subsequently sold as part of its balance sheet repositioning.

United Bankshares, Inc. Announces...
July 26, 2007
Page Three

     On a linked-quarter basis, noninterest expense for the second quarter of 2007 increased $1.0 million or 3% from the first quarter of 2007 due primarily to a before-tax penalty of $786 thousand to prepay approximately $28.9 million of a $100 million long-term convertible FHLB advance during the second quarter. Data processing expense increased $511 thousand due to a change in processing procedures. Salaries and benefits expense were relatively flat, decreasing $112 thousand or less than 1%. Net occupancy expense declined $342 thousand or 10% due to lower levels of utilities and building maintenance expense.

     Noninterest expense for the second quarter of 2007 was $32.5 million, an increase of $333 thousand or 1% from the second quarter of 2006. As previously mentioned, noninterest expense for the second quarter of 2007 included a before-tax penalty of $786 thousand to prepay approximately $28.9 million of a $100 million long-term convertible FHLB advance. In addition, data processing expense increased $742 thousand due to outsourcing of functions and a change in processing procedures. The outsourcing of functions was partially offset by a reduction in personnel expense while the change in processing procedures is expected to result in future cost savings as United meets the requirements of Check 21. Partially offsetting these increases was a decrease in salaries and benefits expense of $1.32 million or 8% from last year’s first quarter due mainly to a decrease of $757 thousand in pension expense.

     Noninterest expense for the first half of 2007 was $64.0 million, which was relatively flat from the first half of 2006. Salaries and benefits expense declined $1.7 million or 5% from last year’s first half due primarily to a decrease in pension expense of $1.4 million. Marketing and related costs associated with United’s High Performance Checking program declined $705 thousand in the first half of 2007 from the first half of 2006. Data processing expense increased $1.0 million due to the previously mentioned outsourcing of functions and change in processing procedures. As previously mentioned, included in noninterest expense for the first half of 2007 was a before-tax penalty of $786 thousand to prepay approximately $28.9 million of a $100 million long-term convertible FHLB. The efficiency ratio was a low 43.51% and 43.40% for the second quarter and first half of 2007, respectively, as compared to United’s most recently reported peer group banking companies’ percentage of 59.38%.

     At June 30, 2007, nonperforming loans were $17.7 million or 0.37% of loans, net of unearned income, up from nonperforming loans of $11.5 million or 0.24% of loans, net of unearned income at March 31, 2007 and $14.2 million or 0.30% of loans, net of unearned income at December 31, 2006, respectively. The increase in nonperforming loans was due mainly to the addition of certain residential real estate construction credits originated by a former United loan officer with an outstanding balance of $4.1 million being either 90-plus days delinquent or on nonaccrual status as of June 30, 2007. Charge-offs of $1.7 million were recognized on these credits during the second quarter of 2007 which were previously reported as impaired with specific allowances allocated in the company’s allowance for credit losses. Total nonperforming assets of $21.8 million, including OREO of $4.1 million at June 30, 2007, represented 0.33% of total assets which compares favorably to United’s most recently reported peer group banking companies’ percentage of 0.36%.

United Bankshares, Inc. Announces...
July 26, 2007
Page Four

     Net charge-offs were $2.0 million and $2.4 million for the second quarter and first half of 2007, respectively, as compared to $418 thousand and $574 thousand for the second quarter and first half of 2006. The increase in net charge-offs from last year was due mainly to the charge-offs of $1.7 million mentioned above related to certain residential real estate construction credits. Annualized net charge-offs as a percentage of average loans were 0.17% and 0.10% for the second quarter and first half of 2007, respectively. These ratios also compare favorably to United’s most recently reported peer group banking companies’ net charge-offs to average loans percentage of 0.18%. For the quarters ended June 30, 2007 and 2006, the provision for credit losses was $850 thousand and $348 thousand, respectively, while the provision for the first six months of 2007 was $1.2 million as compared to $598 thousand for 2006. As of June 30, 2007, the allowances for loan losses and lending-related commitments totaled $51.2 million or 1.06% of loans, net of unearned income, as compared to $52.4 million or 1.09% of loans, net of unearned income at December 31, 2006.

     During the second quarter, United’s Board of Directors declared a cash dividend of 28¢ per share, which represented a 4% increase over the 27¢ per share dividend paid for the second quarter of 2006. The annualized first half dividend of 56¢ per share equals $1.12 which would represent the thirty-fourth consecutive year of dividend increases for United shareholders.

     On July 14, 2007, United acquired 100% of the outstanding common stock of Premier Community Bankshares, Inc. (“Premier”) of Winchester, Virginia. The acquisition of Premier expands United’s presence in the Metro DC area and allows United to enter new Virginia markets in the Winchester, Harrisonburg and Charlottesville areas. At consummation, Premier had assets of $911 million, loans of $759 million and deposits of $716 million. Premier’s net income was $1.8 million or 31¢ per diluted share for the second quarter of 2007 and $3.6 million or 60¢ per diluted share for the first half of 2007.

     Following completion of the merger with Premier, United has consolidated assets of approximately $7.6 billion with 115 full service offices in West Virginia, Virginia, Maryland, Ohio and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.

This press release contains certain forward-looking statements, including certain plans, expectations, goals and projections, which are subject to numerous assumptions, risks and uncertainties. Actual results could differ materially from those contained in or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of business strategies; the nature and extent of governmental actions and reforms; and rapidly changing technology and evolving banking industry standards.

UNITED BANKSHARES, INC. AND SUBSIDIARIES
FINANCIAL SUMMARY
(In Thousands Except for Per Share Data)

	Three Months Ended						Six Months Ended
	June 30			June 30			June 30			June 30
	2007			2006			2007			2006
EARNINGS SUMMARY:
Interest income, taxable equivalent	$	105,788		$	104,249		$	210,421		$	203,560
Interest expense		48,882			44,881			96,842			85,441
Net interest income, taxable equivalent		56,906			59,368			113,579			118,119
Taxable equivalent adjustment		4,086			3,788			8,097			7,518
Net interest income		52,820			55,580			105,482			110,601
Provision for credit losses		850			348			1,200			598
Noninterest income		16,525			14,425			31,441			28,087
Noninterest expenses		32,496			32,163			63,991			64,351
Income taxes		11,487			12,035			22,813			23,670
Net income	$	24,512		$	25,459		$	48,919		$	50,069
PER COMMON SHARE:
Net income:
Basic	$	0.60		$	0.61		$	1.20		$	1.20
Diluted		0.60			0.60			1.19			1.19
Cash dividends	$	0.28		$	0.27			0.56			0.54
Book value								15.77			15.30
Closing market price							$	31.80		$	36.63
Common shares outstanding:
Actual at period end, net of treasury shares								40,523,267			41,512,069
Weighted average — basic		40,677,396			41,684,404			40,811,074			41,803,404
Weighted average — diluted		40,935,684			42,084,164			41,103,158			42,228,600
FINANCIAL RATIOS:
Return on average assets		1.50	%		1.53	%		1.50	%		1.51	%
Return on average shareholders’ equity		15.22	%		15.84	%		15.33	%		15.67	%
Average equity to average assets		9.85	%		9.66	%		9.81	%		9.65	%
Net interest margin		3.80	%		3.88	%		3.79	%		3.87	%

	June 30		June 30		December 31		March 31
	2007		2006		2006		2007
PERIOD END BALANCES:
Assets	$	6,632,111	$	6,717,873	$	6,717,598	$	6,571,761
Earning assets		6,034,859		6,131,872		6,082,080		5,997,305
Loans, net of unearned income		4,812,831		4,806,978		4,806,747		4,716,297
Loans held for sale		2,701		5,914		2,041		2,231
Investment securities		1,219,836		1,327,216		1,275,470		1,258,984
Total deposits		4,706,991		4,755,480		4,828,192		4,741,572
Shareholders’ equity		639,165		635,027		634,092		638,749

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
	2007			2006			2007			2007			2006
Interest & Loan Fees Income	$	101,702		$	100,461		$	100,622		$	202,324		$	196,042
Tax equivalent adjustment		4,086			3,788			4,011			8,097			7,518
Interest & Fees Income (FTE)		105,788			104,249			104,633			210,421			203,560
Interest expense		48,882			44,881			47,960			96,842			85,441
Net Interest Income (FTE)		56,906			59,368			56,673			113,579			118,119
Credit Loss Provision		850			348			350			1,200			598
Non-Interest Income:
Investment securities transactions		165			(99	)		157			322			(2,937	)
Fees from trust & brokerage services		3,763			3,647			3,546			7,309			6,667
Fees from deposit services		7,869			7,217			7,178			15,047			14,208
Other charges, commissions, and fees		1,791			1,747			1,693			3,484			3,417
Income from bank-owned life insurance		1,327			1,061			1,459			2,786			2,104
Mortgage banking income		162			150			161			323			379
Gain on termination of interest rate swap associated with prepayment of FHLB advances		787			—			—			787			3,060
Other non-interest revenue		661			702			722			1,383			1,189
Total Non-Interest Income		16,525			14,425			14,916			31,441			28,087
Non-Interest Expense:
Salaries and employee benefits		14,633			15,951			14,745			29,378			31,049
Net occupancy		3,114			3,114			3,456			6,570			6,427
Other expenses		13,197			12,552			12,580			25,777			25,492
Prepayment penalties on FHLB advances		786			—			—			786			—
Amortization of intangibles		383			484			407			790			994
OREO expense		238			(82	)		164			402			97
FDIC expense		145			144			143			288			292
Total Non-Interest Expense		32,496			32,163			31,495			63,991			64,351
Income Before Income Taxes (FTE)		40,085			41,282			39,744			79,829			81,257
Tax equivalent adjustment		4,086			3,788			4,011			8,097			7,518
Income Before Income Taxes		35,999			37,494			35,733			71,732			73,739
Taxes		11,487			12,035			11,326			22,813			23,670
Net Income	$	24,512		$	25,459		$	24,407		$	48,919		$	50,069
MEMO: Effective Tax Rate		31.91	%		32.10	%		31.70	%		31.80	%		32.10	%

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

Consolidated Balance Sheets

	June 30			June 30
	2007			2006			June 30			December 31			June 30
	Q-T-D Average			Q-T-D Average			2007			2006			2006
Cash & Cash Equivalents	$	189,045		$	191,308		$	219,079		$	259,013		$	211,484
Securities Available for Sale		997,675			1,079,980			1,003,874			1,010,252			1,052,121
Held to Maturity Securities		191,621			215,628			166,627			212,296			215,375
Other Investment Securities		50,312			61,836			49,335			52,922			59,720
Total Securities		1,239,608			1,357,444			1,219,836			1,275,470			1,327,216
Total Cash and Securities		1,428,653			1,548,752			1,438,915			1,534,483			1,538,700
Loans held for sale		2,702			3,026			2,701			2,041			5,914
Commercial Loans		2,740,403			2,657,706			2,805,863			2,757,957			2,692,517
Mortgage Loans		1,665,707			1,742,303			1,657,580			1,694,922			1,747,957
Consumer Loans		357,633			373,324			356,074			360,829			373,170
Gross Loans		4,763,743			4,773,333			4,819,517			4,813,708			4,813,644
Unearned income		(6,735	)		(6,702	)		(6,686	)		(6,961	)		(6,666	)
Loans, net of unearned income		4,757,008			4,766,631			4,812,831			4,806,747			4,806,978
Allowance for Loan Losses		(43,928	)		(44,146	)		(43,372	)		(43,629	)		(44,180	)
Goodwill		167,336			167,459			167,255			167,421			167,421
Other Intangibles		2,058			3,791			1,850			2,640			3,533
Total Intangibles		169,394			171,250			169,105			170,061			170,954
Real Estate Owned		4,351			2,713			4,074			4,231			2,313
Other Assets		239,537			228,544			247,857			243,664			237,194
Total Assets	$	6,557,717		$	6,676,770		$	6,632,111		$	6,717,598		$	6,717,873
MEMO: Earning Assets	$	6,000,950		$	6,123,138		$	6,034,859		$	6,082,080		$	6,131,872
Interest-bearing Deposits	$	3,868,096		$	3,783,234		$	3,878,614		$	3,924,985		$	3,844,736
Noninterest-bearing Deposits		806,711			873,594			828,377			903,207			910,744
Total Deposits		4,674,807			4,656,828			4,706,991			4,828,192			4,755,480
Short-term Borrowings		645,705			817,498			693,586			682,266			761,246
Long-term Borrowings		523,878			495,016			523,788			499,200			493,707
Total Borrowings		1,169,583			1,312,514			1,217,374			1,181,466			1,254,953
Other Liabilities		67,522			62,560			68,581			73,848			72,413
Total Liabilities		5,911,912			6,031,902			5,992,946			6,083,506			6,082,846
Common Equity		645,805			644,868			639,165			634,092			635,027
Total Shareholders’ Equity		645,805			644,868			639,165			634,092			635,027
Total Liabilities & Equity	$	6,557,717		$	6,676,770		$	6,632,111		$	6,717,598		$	6,717,873

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:	2007		2006			2007		2007		2006
Earnings Per Share:
Basic	$	0.60	$	0.61		$	0.60	$	1.20	$	1.20
Diluted	$	0.60	$	0.60		$	0.59	$	1.19	$	1.19
Common Dividend Declared Per Share:	$	0.28	$	0.27		$	0.28	$	0.56	$	0.54
High Common Stock Price	$	35.37	$	38.41		$	39.50	$	39.50	$	38.50
Low Common Stock Price	$	30.88	$	34.46		$	33.60	$	30.88	$	34.46
Average Shares Outstanding (Net of Treasury Stock):
Basic		40,677,396		41,684,404			40,946,236		40,811,074		41,803,404
Diluted		40,935,684		42,084,164			41,272,213		41,103,158		42,228,600
Memorandum Items:
Tax Applicable to Security Transactions	$	58	$	(35	)	$	55	$	113	$	(1,028	)
Common Dividends	$	11,368	$	11,212		$	11,452	$	22,820	$	22,543

	June		June		March
EOP Share Data:	2007		2006		2007
Book Value Per Share	$	15.77	$	15.30	$	15.65
Tangible Book Value Per Share	$	11.60	$	11.18	$	11.49
52-week High Common Stock Price	$	39.71	$	38.55	$	39.71
Date		12/28/06		12/02/05		12/28/06
52-week Low Common Stock Price	$	30.88	$	32.34	$	33.60
Date		06/26/07		10/12/05		03/14/07
EOP Shares Outstanding (Net of Treasury Stock):		40,523,267		41,512,069		40,823,168
Memorandum Items:
EOP Employees (full-time equivalent)		1,310		1,365		1,327

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
	2007			2006			2007			2007			2006
Selected Yields and Net Interest Margin:
Loans		7.44	%		7.14	%		7.41	%		7.42	%		7.05	%
Investment Securities		5.72	%		5.78	%		5.65	%		5.69	%		5.57	%
Money Market Investments/FFS		5.27	%		4.28	%		5.62	%		5.43	%		3.55	%
Average Earning Assets Yield		7.06	%		6.82	%		7.03	%		7.05	%		6.69	%
Interest-bearing Deposits		3.55	%		2.97	%		3.49	%		3.52	%		2.83	%
Short-term Borrowings		4.43	%		4.12	%		4.48	%		4.45	%		3.88	%
Long-term Borrowings		5.77	%		6.85	%		5.84	%		5.80	%		6.62	%
Average Liability Costs		3.89	%		3.53	%		3.86	%		3.88	%		3.39	%
Net Interest Spread		3.17	%		3.29	%		3.17	%		3.17	%		3.30	%
Net Interest Margin		3.80	%		3.88	%		3.79	%		3.79	%		3.87	%
Selected Financial Ratios:
Return on Average Common Equity		15.22	%		15.84	%		15.44	%		15.33	%		15.67	%
Return on Average Assets		1.50	%		1.53	%		1.51	%		1.50	%		1.51	%
Efficiency Ratio		43.51	%		42.98	%		43.20	%		43.40	%		42.42	%

	June			June			March
	2007			2006			2007
Loan / Deposit Ratio		102.25	%		101.08	%		99.47	%
Allowance for Loan Losses/ Loans, net of unearned income		0.90	%		0.92	%		0.93	%
Allowance for Credit Losses (1)/ Loans, net of unearned income		1.06	%		1.10	%		1.11	%
Nonaccrual Loans / Loans, net of unearned income		0.16	%		0.14	%		0.13	%
90-Day Past Due Loans/ Loans, net of unearned income		0.21	%		0.14	%		0.11	%
Non-performing Loans/ Loans, net of unearned income		0.37	%		0.28	%		0.24	%
Non-performing Assets/ Total Assets		0.33	%		0.24	%		0.24	%
Primary Capital Ratio		10.33	%		10.16	%		10.43	%
Shareholders’ Equity Ratio		9.64	%		9.45	%		9.72	%
Price / Book Ratio		2.02	x		2.39	x		2.24	x
Price / Earnings Ratio		13.28	x		15.14	x		14.81	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:	2007		2006		2006		2007
EOP Non-Accrual Loans	$	7,842	$	6,958	$	5,755	$	6,068
EOP 90-Day Past Due Loans		9,869		6,531		8,432		5,416
Total EOP Non-performing Loans	$	17,711	$	13,489	$	14,187	$	11,484
EOP Other Real Estate & Assets Owned		4,074		2,313		4,231		3,991
Total EOP Non-performing Assets	$	21,785	$	15,802	$	18,418	$	15,475

	Three Months Ended									Six Months Ended
	June			June			March			June			June
Allowance for Credit Losses:(1)	2007			2006			2007			2007			2006
Beginning Balance	$	52,385		$	52,965		$	52,371		$	52,371		$	52,871
Provision Expense		850			348			350			1,200			598
		53,235			53,313			52,721			53,571			53,469
Gross Charge-offs		(2,231	)		(643	)		(617	)		(2,848	)		(1,314	)
Recoveries		216			225			281			497			740
Net Charge-offs		(2,015	)		(418	)		(336	)		(2,351	)		(574	)
Ending Balance	$	51,220		$	52,895		$	52,385		$	51,220		$	52,895

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