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Long-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
FHLB Advances and Related Weighted Average Interest Rates

At December 31, 2017 and 2016, FHLB advances and the related weighted-average interest rates were as follows:

 

     2017     2016  
(Dollars in thousands)        Amount          Weighted-
Average
Contractual
Rate
    Weighted-
Average
Effective
Rate
        Amount          Weighted-
Average
Contractual
Rate
    Weighted-
Average
Effective
Rate
 

FHLB advances

   $   1,271,531        1.60     1.60   $   897,707        0.72     0.72
Information Related to Statutory Trusts

Information related to United’s statutory trusts is presented in the table below:

 

(Dollars in thousands)

Description

   Issuance Date    Amount of
Capital
Securities
Issued
   Interest Rate   Maturity Date

Century Trust

   March 23, 2000    $  8,800    10.875% Fixed   March 8, 2030

United Statutory Trust III

   December 17, 2003    $20,000    3-month LIBOR + 2.85%   December 17, 2033

United Statutory Trust IV

   December 19, 2003    $25,000    3-month LIBOR + 2.85%   January 23, 2034

United Statutory Trust V

   July 12, 2007    $50,000    3-month LIBOR + 1.55%   October 1, 2037

United Statutory Trust VI

   September 20, 2007    $30,000    3-month LIBOR + 1.30%   December 15, 2037

Premier Statutory Trust II

   September 25, 2003    $  6,000    3-month LIBOR + 3.10%   October 8, 2033

Premier Statutory Trust III

   May 16, 2005    $  8,000    3-month LIBOR + 1.74%   June 15, 2035

Premier Statutory Trust IV

   June 20, 2006    $14,000    3-month LIBOR + 1.55%   September 23, 2036

Premier Statutory Trust V

   December 14, 2006    $10,000    3-month LIBOR + 1.61%   March 1, 2037

Centra Statutory Trust I

   September 20, 2004    $10,000    3-month LIBOR + 2.29%   September 20, 2034

Centra Statutory Trust II

   June 15, 2006    $10,000    3-month LIBOR + 1.65%   July 7, 2036

Virginia Commerce Trust II

   December 19, 2002    $15,000    6-month LIBOR + 3.30%   December 19, 2032

Virginia Commerce Trust III

   December 20, 2005    $25,000    3-month LIBOR + 1.42%   February 23, 2036

Cardinal Statutory Trust I

   July 27, 2004    $20,000    3-month LIBOR + 2.40%   September 15, 2034

UFBC Capital Trust I

   December 30, 2004    $  5,000    3-month LIBOR + 2.10%   March 15, 2035
Debentures and Related Weighted Average Interest Rates

At December 31, 2017 and 2016, the Debentures and their related weighted-average interest rates were as follows:

 

     2017     2016  
(Dollars in thousands)    Amount      Weighted-
Average
Rate
    Amount      Weighted-
Average
Rate
 

Century Trust

       $   8,800        10.88       $   8,800        10.88

United Statutory Trust III

     20,619        4.45     20,619        3.84

United Statutory Trust IV

     25,774        4.23     25,774        3.74

United Statutory Trust V

     51,547        2.89     51,547        2.40

United Statutory Trust VI

     30,928        2.89     30,928        2.26

Premier Statutory Trust II

     6,186        4.46     6,186        3.98

Premier Statutory Trust III

     8,248        3.33     8,248        2.70

Premier Statutory Trust IV

     14,433        3.23     14,433        2.55

Premier Statutory Trust V

     10,310        3.09     10,310        2.54

Centra Statutory Trust I

     10,000        3.92     10,000        3.29

Centra Statutory Trust II

     10,000        3.01     10,000        2.53

Virginia Commerce Trust II

     12,014        5.14     11,784        4.62

Virginia Commerce Trust III

     16,216        2.87     15,690        2.34

Cardinal Statutory Trust I

     14,031        3.99     0        0.00

UFBC Capital Trust I

     3,340        3.69     0        0.00
  

 

 

      

 

 

    

Total

       $   242,446            $   224,319     
  

 

 

      

 

 

    
Schedule of Maturities of Long-term Borrowings

At December 31, 2017, the scheduled maturities of long-term borrowings were as follows:

 

Year

   Amount  

(In thousands)

  

2018

       $ 795,439  

2019

     186,404  

2020

     40,871  

2021

     51,453  

2022 and thereafter

     289,810  
  

 

 

 

Total

       $   1,363,977