United Bankshares, Inc. (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

United Bankshares, Inc. (Parent Company Only) Financial Information [Abstract]

Condensed Balance Sheets

	December 31
(In thousands)	2011		2010
Assets
Cash and due from banks	$	31,496	$	26,397
Securities available for sale		4,318		6,667
Securities held to maturity		240		3,237
Other investment securities		200		1,576
Investment in subsidiaries:
Bank subsidiaries		1,076,475		899,593
Nonbank subsidiaries		6,247		6,122
Other assets		8,629		8,129
Total Assets	$	1,127,605	$	951,721
Liabilities and Shareholders' Equity
Junior subordinated debentures of subsidiary trusts	$	128,868	$	128,868
Accrued expenses and other liabilities		29,893		29,841
Shareholders' equity (including other accumulated comprehensive loss of $66,758 and $60,656 at December 31, 2011 and 2010, respectively)		968,844		793,012
Total Liabilities and Shareholders' Equity	$	1,127,605	$	951,721

Condensed Statements of Income

	Year Ended December 31
(In thousands)	2011			2010			2009
Income
Dividends from banking subsidiaries	$	68,323		$	63,138		$	52,715
Net interest income		417			288			315
Management fees:
Bank subsidiaries		13,000			11,077			9,396
Nonbank subsidiaries		27			27			27
Other income		414			450			165
Total Income		82,181			74,980			62,618
Expenses
Operating expenses		20,431			18,402			16,127
Income Before Income Taxes and Equity in Undistributed Net Income of Subsidiaries		61,750			56,578			46,491
Applicable income tax benefit		(2,025	)		(2,022	)		(1,886	)
Income Before Equity in Undistributed Net Income of Subsidiaries		63,775			58,600			48,377
Equity in undistributed net income of subsidiaries:
Bank subsidiaries		11,710			13,223			19,287
Nonbank subsidiaries		125			124			(366	)
Net Income	$	75,610		$	71,947		$	67,298

Condensed Statements of Cash Flows

	Year Ended December 31
(In thousands)	2011			2010			2009
Operating Activities
Net income	$	75,610		$	71,947		$	67,298
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(11,835	)		(13,348	)		(18,920	)
Amortization of net periodic pension costs		76			117			257
Stock-based compensation		1,133			1,050			484
Net (gain) loss on securities transactions		(12	)		(54	)		179
Net change in other assets and liabilities		(6,895	)		(1,940	)		(1,376	)
Net Cash Provided by Operating Activities		58,077			57,772			47,922
Investing Activities
Net proceeds from (purchases of) sales of securities		4,854			(240	)		243
Net cash paid in acquisition of subsidiary		(8,576	)		0			0
Change in other investment securities		1,376			37			52
Net Cash (Used in) Provided by Investing Activities		(2,346	)		(203	)		295
Financing Activities
Cash dividends paid		(54,344	)		(52,257	)		(50,383	)
Acquisition of treasury stock		(18	)		(11	)		(1,180	)
Proceeds from sale of treasury stock from deferred compensation plan		74			520			536
Excess tax benefits from stock-based compensation arrangements		3,114			459			273
Proceeds from exercise of stock options		542			2,492			724
Net Cash Used in Financing Activities		(50,632	)		(48,797	)		(50,030	)
Increase (Decrease) in Cash and Cash Equivalents		5,099			8,772			(1,813	)
Cash and Cash Equivalents at Beginning of Year		26,397			17,625			19,438
Cash and Cash Equivalents at End of Year	$	31,496		$	26,397		$	17,625