Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table sets forth certain information regarding interest rate derivatives portfolio used for interest-rate risk management purposes and designated as accounting hedges at December 31, 2013 and 2012.

	Derivative Hedging Instruments
	December 31, 2013					December 31, 2012
(Dollars in thousands)	Notional Amount		Average Pay Rate			Notional Amount		Average Pay Rate
Fair Value Hedges:
Pay Fixed Swap (Hedging Commercial Loans)	$	41,868		5.07	%	$	52,558		5.14	%
Total Derivatives Used in Fair Value Hedges	$	41,868				$	52,558
Total Derivatives Used for Interest Rate Risk Management and Designated as Hedges	$	41,868				$	52,558

Schedule of Fair Value Derivative Financial Instruments

The following tables summarize the fair value of United’s derivative financial instruments:

	Asset Derivatives
	December 31, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Other assets	$	2,179	Other assets	$	0
Total derivatives designated as hedging instruments		$	2,179		$	0
Derivatives not designated as hedging instruments
Interest rate contracts	Other assets	$	1,045	Other assets	$	2,367
Total derivatives not designated as hedging instruments		$	1,045		$	2,367
Total asset derivatives		$	3,224		$	2,367
	Liability Derivatives
	December 31, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Other liabilities	$	149	Other liabilities	$	1,914
Total derivatives designated as hedging instruments		$	149		$	1,914
Derivatives not designated as hedging instruments
Interest rate contracts	Other liabilities	$	1,045	Other liabilities	$	2,367
Total derivatives not designated as hedging instruments		$	1,045		$	2,367
Total liability derivatives		$	1,194		$	4,281

Schedule of Derivative Financial Instruments on Statement of Income

The effect of United’s derivative financial instruments on its Consolidated Statements of Income for the years ended December 31, 2013, 2012 and 2011 is presented as follows:

		Year Ended
(In thousands)	Income Statement Location	December 31, 2013			December 31, 2012			December 31, 2011
Derivatives in fair value hedging relationships
Interest rate contracts	Interest income/ (expense)	$	(522	)	$	(298	)	$	81
Total derivatives in fair value hedging relationships		$	(522	)	$	(298	)	$	81
Derivatives not designated as hedging instruments
Interest rate contracts (1)	Other income	$	1,322		$	1,450		$	1,782
Interest rate contracts (2)	Other expense	$	(1,322	)	$	(1,450	)	$	(1,782	)
Total derivatives not designated as hedging instruments		$	0		$	0		$	0
Total derivatives		$	(522	)	$	(298	)	$	81

(1) Represents net gains from derivative assets not designated as hedging instruments.

(2) Represents net losses from derivative liabilities not designated as hedging instruments.