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

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets
	December 31
(In thousands)	2017			2016
Assets
Cash and due from banks	$	93,198		$	130,304
Securities available for sale		22,066			4,881
Securities held to maturity		996			20
Other investment securities		163			100
Investment in subsidiaries:
Bank subsidiaries		3,437,036			2,372,783
Nonbank subsidiaries		12,535			10,535
Goodwill		(16,008	)		(10,453	)
Other assets		10,309			15,699
Total Assets	$	3,560,295		$	2,523,869
Liabilities and Shareholders’ Equity
Junior subordinated debentures of subsidiary trusts	$	242,446		$	224,319
Accrued expenses and other liabilities		77,319			63,803
Shareholders’ equity (including other accumulated comprehensive loss of $42,025 and $44,717 at December 31, 2017 and 2016, respectively)		3,240,530			2,235,747
Total Liabilities and Shareholders’ Equity	$	3,560,295		$	2,523,869

Condensed Statements of Income

Condensed Statements of Income
	Year Ended December 31
(In thousands)	2017			2016			2015
Income
Dividends from banking subsidiaries:
Bank subsidiaries	$	115,000		$	75,600		$	70,500
Nonbank subsidiaries		58			10			433
Net interest income		437			86			76
Management fees:
Bank subsidiaries		45,693			35,792			28,955
Nonbank subsidiaries		27			27			27
Other income		1,766			8			78
Total Income		162,981			111,523			100,069
Expenses
Operating expenses		71,653			42,249			31,619
Income Before Income Taxes and Equity in Undistributed Net Income of Subsidiaries		91,328			69,274			68,450
Applicable income tax benefit		(6,126	)		(3,061	)		(1,655	)
Income Before Equity in Undistributed Net Income of Subsidiaries		97,454			72,335			70,105
Equity in undistributed net income of subsidiaries:
Bank subsidiaries		50,560			74,656			68,012
Nonbank subsidiaries		2,567			92			(158	)
Net Income	$	150,581		$	147,083		$	137,959

Condensed Statements of Cash Flows

Condensed Statements of Income
	Year Ended December 31
(In thousands)	2017			2016			2015
Income
Dividends from banking subsidiaries:
Bank subsidiaries	$	115,000		$	75,600		$	70,500
Nonbank subsidiaries		58			10			433
Net interest income		437			86			76
Management fees:
Bank subsidiaries		45,693			35,792			28,955
Nonbank subsidiaries		27			27			27
Other income		1,766			8			78
Total Income		162,981			111,523			100,069
Expenses
Operating expenses		71,653			42,249			31,619
Income Before Income Taxes and Equity in Undistributed Net Income of Subsidiaries		91,328			69,274			68,450
Applicable income tax benefit		(6,126	)		(3,061	)		(1,655	)
Income Before Equity in Undistributed Net Income of Subsidiaries		97,454			72,335			70,105
Equity in undistributed net income of subsidiaries:
Bank subsidiaries		50,560			74,656			68,012
Nonbank subsidiaries		2,567			92			(158	)
Net Income	$	150,581		$	147,083		$	137,959
Condensed Statements of Cash Flows
	Year Ended December 31
(In thousands)	2017			2016			2015
Operating Activities
Net income	$	150,581		$	147,083		$	137,959
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(53,127)			(74,748)			(67,854)
Amortization of net periodic pension costs		228			393			384
Stock-based compensation		3,555			2,817			2,484
Excess tax benefits from stock-based compensation arrangements		2,201			4,008			1,023
Net gain on securities transactions		(1,185)			(8)			(54)
Net change in other assets and liabilities		8,764			(8,344)			7,420
Net Cash Provided by Operating Activities		111,017			71,201			81,362
Investing Activities
Net purchases of securities		(19,268)			(234)			(1,047)
Net cash paid in acquisition of subsidiary		22,146			(10)			0
Increase in investment in subsidiaries		(34,203)			(100,000)			0
Change in other investment securities		(63)			0			2
Net Cash Used in Investing Activities		(31,388)			(100,244)			(1,045)
Financing Activities
Proceeds from issuance of common stock		0			199,916			0
Cash dividends paid		(121,354)			(96,351)			(88,864)
Acquisition of treasury stock		(1)			(1)			(1)
Proceeds from sale of treasury stock from deferred compensation plan		1			1			1
Proceeds from exercise of stock options		4,619			13,337			7,871
Net Cash Provided by (Used in) Financing Activities		(116,735)			116,902			(80,993)
Increase (Decrease) in Cash and Cash Equivalents		(37,106)			87,859			(676)
Cash and Cash Equivalents at Beginning of Year		130,304			42,445			43,121
Cash and Cash Equivalents at End of Year	$	93,198		$	130,304		$	42,445