Credit Quality (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Troubled Debt Restructurings, Segregated by Class of Loans

The following table sets forth United’s troubled debt restructurings that have been restructured during the three months ended June 30, 2020 and 2019, segregated by class of loans:


	Troubled Debt Restructurings
	For the Three Months Ended
	June 30, 2020						June 30, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Owner-occupied		18	$	10,628	$	10,586		1	$	150	$	150
Nonowner-occupied		6		2,259		2,248		0		0		0
Other commercial		14		3,169		3,090		1		559		559
Residential real estate		19		3,889		3,872		2		1,845		1,832
Construction & land development		9		2,562		2,557		3		2,242		2,202
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		3		69		36		0		0		0

Total		69	$	22,576	$	22,389		7	$	4,796	$	4,743

The following table sets forth United’s troubled debt restructurings that have been restructured during the six months ended June 30, 2020 and 2019, segregated by class of loans:


	Troubled Debt Restructurings
	For the Six Months Ended
	June 30, 2020						June 30, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Owner-occupied		21	$	18,579	$	18,345		1	$	150	$	150
Nonowner-occupied		6		2,259		2,248		0		0		0
Other commercial		18		3,667		3,322		2		824		811
Residential real estate		19		3,889		3,872		3		2,258		2,234
Construction & land development		12		4,607		4,570		3		2,242		2,202
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		3		69		36		0		0		0

Total		79	$	33,070	$	32,393		9	$	5,474	$	5,397

Schedule of Charged-off Troubled Debt Restructurings on Financing Receivables

The following table presents troubled debt restructurings, by class of loan, that were restructured during the twelve-month period ended June 30, 2020 and had charge-offs during the three and six months ended June 30, 2020.


	Three Months Ended June 30, 2020				Six Months Ended June 30, 2020
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Troubled Debt Restructurings
Commercial real estate:
Owner-occupied		0	$	0		0	$	0
Nonowner-occupied		0		0		0		0
Other commercial		0		0		0		0
Residential real estate		0		0		0		0
Construction & land development		1		690		1		690
Consumer:
Bankcard		0		0		0		0
Other consumer		0		0		0		0

Total		1	$	690		1	$	690

The following table presents troubled debt restructurings, by class of loan, that were restructured during the twelve-month period ended June 30, 2019 and had charge-offs during the six months ended June 30, 2019.


	Six Months Ended June 30, 2019
	Number of Contracts		Recorded Investment
Troubled Debt Restructurings
Commercial real estate:
Owner-occupied		0	$	0
Nonowner-occupied		0		0
Other commercial		1		1,321
Residential real estate		0		0
Construction & land development		0		0
Consumer:
Bankcard		0		0
Other consumer		0		0

Total		1	$	1,321

Schedule of Age Analysis of Past Due Loans, Segregated by Class of Loans

The following table sets forth United’s age analysis of its past due loans, segregated by class of loans:

Age Analysis of Past Due Loans

As of June 30, 2020



	30-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current & Other		Total Financing Receivables		90 Days or More Past Due & Accruing
Commercial real estate:
Owner-occupied	$	4,281	$	33,199	$	37,480	$	1,587,280	$	1,624,760	$	1,419
Nonowner-occupied		3,633		23,365		26,998		4,977,792		5,004,790		859
Other commercial		10,781		43,456		54,237		4,059,268		4,113,505		777
Residential real estate		34,510		29,883		64,393		4,245,763		4,310,156		6,234
Construction & land development		5,427		6,888		12,315		1,763,413		1,775,728		84
Consumer:
Bankcard		173		160		333		8,132		8,465		160
Other consumer		7,814		2,023		9,837		1,185,313		1,195,150		1,617

Total	$	66,619	$	138,974	$	205,593	$	17,826,961	$	18,032,554	$	11,150

Age Analysis of Past Due Loans

As of December 31, 2019



	30-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current & Other (1)		Total Financing Receivables		90 Days or More Past Due &Accruing
Commercial real estate:
Owner-occupied	$	8,878	$	11,209	$	20,087	$	1,181,565	$	1,201,652	$	544
Nonowner-occupied		6,318		16,129		22,447		3,943,513		3,965,960		471
Other commercial		5,238		51,541		56,779		2,228,258		2,285,037		668
Residential real estate		31,727		24,343		56,070		3,630,331		3,686,401		6,256
Construction & land development		2,219		16,043		18,262		1,389,943		1,408,205		0

Consumer:
Bankcard		445		218		663		9,411		10,074		218
Other consumer		10,991		1,607		12,598		1,143,621		1,156,219		1,337

Total	$	65,816	$	121,090	$	186,906	$	13,526,642	$	13,713,548	$	9,494

(1)

Other includes loans with a recorded investment of $96,004 acquired and accounted for under ASC Topic

310-30

“Loans and Debt Securities Acquired with Deteriorated Credit Quality”.

Schedule of Nonaccrual Loans, Segregated by Class of Loans

The following table sets forth United’s nonaccrual loans, segregated by class of loans:


	At June 30, 2020						At December 31, 2019		Interest Income Recognized
	Nonaccruals		With No Related Allowance for Credit Losses		90 Days or More Past Due & Accruing		Nonaccruals		For The Three Months Ended June 30, 2020		For The Six Months Ended June 30, 2020
Commercial Real Estate:
Owner-occupied	$	31,780	$	26,723	$	1,419	$	10,665	$	17	$	32
Nonowner-occupied		22,506		19,882		859		15,658		1		1
Other Commercial		42,679		18,909		777		50,873		1		1
Residential Real Estate		23,649		22,022		6,234		18,087		3		3
Construction		6,804		6,759		84		16,043		0		0
Consumer:
Bankcard		0		0		160		0		0		0
Other consumer		406		406		1,617		270		0		0

Total	$	127,824	$	94,701	$	11,150	$	111,596	$	22	$	37

Schedule of Collateral Dependent Loans

For the adoption of ASU

2016-13,

United elected the practical expedient to measure expected credit losses on collateral dependent loans based on the difference between the loan’s amortized cost and the collateral’s fair value, adjusted for selling costs. The following table presents the amortized cost basis of collateral-dependent loans in which repayment is expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty, by class of loans as of June 30, 2020:


	Collateral Dependent Loans
	At June 30, 2020
	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	2,084	$	84	$	0	$	19,246	$	28,719	$	50,133
Nonowner-occupied		12,806		0		2,981		15,550		17,076		48,413
Other commercial		6,037		47,707		0		0		49		53,793
Residential real estate		25,104		229		255		0		0		25,588
Construction & land development		9,939		0		9,869		0		746		20,554
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0

Total	$	55,970	$	48,020	$	13,105	$	34,796	$	46,590	$	198,481

Schedule Of Term Loans And Financing Receivable


Commercial Real Estate – Owner-occupied
	Term Loans																	Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
	Origination Year
As of June 30, 2020	2020		2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	107,784	$	163,097		$	133,255		$	244,528		$	304,759		$	565,627		$	23,576		$	0	$	1,542,626
Special Mention		0		1,225			6,995			781			2,100			9,634			0			468		21,203
Substandard		1,831		72			0			2,235			4,542			50,394			1,364			149		60,587
Doubtful		0		0			0			0			0			344			0			0		344

Total	$	109,615	$	164,394		$	140,250		$	247,544		$	311,401		$	625,999		$	24,940		$	617	$	1,624,760

YTD charge-offs		0		0			0			0			0			(535	)		0			0		(535	)
YTD recoveries		0		0			0			0			0			310			0			0		310

YTD net charge-offs	$	0	$	0		$	0		$	0		$	0		$	(225	)	$	0		$	0	$	(225	)


Commercial Real Estate – Nonowner-occupied
	Term Loans																	Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
	Origination Year
As of June 30, 2020	2020		2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	297,474	$	748,897		$	685,228		$	620,528		$	582,809		$	1,844,405		$	115,345		$	2,145	$	4,896,831
Special Mention		0		347			0			977			10,645			27,024			0			0		38,993
Substandard		73		964			8,618			1,702			13,245			44,364			0			0		68,966
Doubtful		0		0			0			0			0			0			0			0		0

Total	$	297,547	$	750,208		$	693,846		$	623,207		$	606,699		$	1,915,793		$	115,345		$	2,145	$	5,004,790

YTD charge-offs		0		0			0			0			(690	)		(1,247	)		0			0		(1,937	)
YTD recoveries		0		0			0			0			0			722			0			0		722

YTD net charge-offs	$	0	$	0		$	0		$	0		$	(690	)	$	(525	)	$	0		$	0	$	(1,215	)


Other commercial
	Term Loans																	Revolving loans amortized cost basis			Revolving loans converted to temr loans		Total
	Origination Year
As of June 30, 2020	2020		2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	1,509,244	$	451,574		$	212,881		$	150,587		$	150,389		$	311,422		$	1,213,494		$	3,071	$	4,002,662
Special Mention		99		313			430			2,044			202			20,072			4,053			423		27,636
Substandard		0		895			2,635			2,535			11,386			48,486			16,794			404		83,135
Doubtful		0		0			0			0			0			72			0			0		72

Total	$	1,509,343	$	452,782		$	215,946		$	155,166		$	161,977		$	380,052		$	1,234,341		$	3,898	$	4,113,505

YTD charge-offs		0		(11	)		(964	)		(365	)		(6	)		(5,682	)		0			0		(7,028	)
YTD recoveries		0		42			16			3			21			332			32			0		446

YTD net charge-offs	$	0	$		31	$	(948	)	$	(362	)	$		15	$	(5,350	)	$		32	$	0	$	(6,582	)


Residential Real Estate																		Revolving loans amortized cost basis			Revolving loans converted to te rm loans		Total
Residential Real Estate
	Term Loans
	Origination Year
As of June 30, 2020	2020		2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	324,682	$	750,044		$	857,069		$	393,030		$	347,781		$	1,111,476		$	476,577		$	4,332	$	4,264,991
Special Mention		0		271			0			226			2,349			7,014			435			0		10,295
Substandard		0		226			459			3,800			5,333			24,252			437			234		34,741
Doubtful		0		0			0			0			0			129			0			0		129

Total	$	324,682	$	750,541		$	857,528		$	397,056		$	355,463		$	1,142,871		$	477,449		$	4,566	$	4,310,156

YTD charge-offs		0		0			0			0			(1	)		(889	)		0			0		(890	)
YTD recoveries		0		0			0			101			0			201			0			0		302

YTD net charge-offs	$	0	$	0		$	0		$	101		$	(1	)	$	(688	)	$	0		$	0	$	(588	)


Construction and Land Development																Revolving loans converted to term loans
	Term Loans													Revolving loans amortized cost basis				Total
	Origination Year
As of June 30, 2020	2020		2019		2018		2017		2016		Prior
Internal Risk Grade:
Pass	$	163,253	$	706,921	$	375,025	$	173,269	$	133,679	$	70,466		$	102,752	$	143	$	1,725,510
Special Mention		0		0		1,506		0		561		2,681			995		0		5,743
Substandard		0		156		1,553		25		0		20,443			22,298		0		44,475
Doubtful		0		0		0		0		0		0			0		0		0

Total	$	163,253	$	707,077	$	378,084	$	173,294	$	134,240	$	93,590		$	126,045	$	143	$	1,775,728

YTD charge-offs		0		0		0		0		0		(1,969	)		0		0		(1,969	)
YTD recoveries		0		0		0		0		0		1,361			0		0		1,361

YTD net charge-offs	$	0	$	0	$	0	$	0	$	0	$	(608	)	$	0	$	0	$	(608	)


Bankcard																						Revolving loans converted to term loans
	Term Loans																		Revolving loans amortized cost basis						Total
	Origination Year
As of June 30, 2020	2020			2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	8,133		$	8,133
Special Mention		0			0			0			0			0			0			0			172			172
Substandard		0			0			0			0			0			0			0			160			160
Doubtful		0			0			0			0			0			0			0			0			0

Total	$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	8,465		$	8,465

YTD charge-offs		0			0			0			0			0			0			0			(128	)		(128	)
YTD recoveries		0			0			0			0			0			0			0			12			12

YTD net charge-offs	$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	(116	)	$	(116	)


Other Consumer																						Revolving loans converted to term loans
	Term Loans																		Revolving loans amortized cost basis						Total
	Origination Year
As of June 30, 2020	2020			2019			2018			2017			2016			Prior
Internal Risk Grade:
Pass	$	220,924		$	494,700		$	298,460		$	104,779		$	54,766		$	14,247		$	7,095		$	0		$	1,194,971
Special Mention		0			0			11			0			0			152			4			0			167
Substandard		3			0			0			0			0			9			0			0			12
Doubtful		0			0			0			0			0			0			0			0			0

Total	$	220,927		$	494,700		$	298,471		$	104,779		$	54,766		$	14,408		$	7,099		$	0		$	1,195,150

YTD charge-offs		(16	)		(589	)		(652	)		(272	)		(152	)		(225	)		(2	)		0			(1,908	)
YTD recoveries		0			24			33			11			18			124			0			0			210

YTD net charge-offs	$	(16	)	$	(565	)	$	(619	)	$	(261	)	$	(134	)	$	(101	)	$	(2	)	$	0		$	(1,698	)

Schedule of Credit Quality Indicators Information, by Class of Loans

The following tables set forth United’s credit quality indicators information, by class of loans, as of December 31, 2019:

Credit Quality Indicators

Corporate Credit Exposure

As of December 31, 2019
	Commercial Real Estate				Other Commercial		Construction & Land Development
	Owner- occupied		Nonowner- occupied		Other Commercial		Construction & Land Development
Grade:
Pass	$	1,136,589	$	3,850,886	$	2,136,266	$	1,334,950
Special mention		14,449		44,134		75,511		4,614
Substandard		50,346		70,940		72,451		68,641
Doubtful		268		0		809		0

Total	$	1,201,652	$	3,965,960	$	2,285,037	$	1,408,205

Credit Quality Indicators

Consumer Credit Exposure

As of December 31, 2019
	Residential Real Estate		Bankcard		Other Consumer
Grade:
Pass	$	3,645,654	$	9,411	$	1,143,608
Special mention		12,038		445		10,993
Substandard		28,572		218		1,618
Doubtful		137		0		0

Total	$	3,686,401	$	10,074	$	1,156,219

Schedule of Reasons For Modification Troubled Debt Restructuring Loans

The following tables sets for the balances of TDRs at June 30, 2020 and December 31,

2019

and the reasons for modification:


Reason for modification	June 30, 2020		December 31, 2019
Interest rate reduction	$	11,662	$	1,685
Interest rate reduction and change in terms		3,039		1,733
Forgiveness of principal		252		0
Transfer of asset		121		0
Concession of principal and term		24		0
Extended maturity		4,879		0
Change in terms		57,459		54,951

Total	$	77,436	$	58,369

Schedule Of Troubled Debt Restructuring Loan Modification Based On Post Modification Outstanding Balance

The following table sets forth United’s troubled debt restructurings, based on their post-modification outstanding recorded balance, that have been restructured during the three and six months ended June 30, 2020 and 2019, segregated by the reason for modification:


	Three Months Ended				Six Months Ended
Reason for modification	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Interest rate reduction	$	2,675	$	0	$	10,028	$	251
Interest rate reduction and change in terms		1,326		0		1,326		0
Forgiveness of principal		252		0		252		0
Transfer of asset		121		0		121		0
Concession of principal and term		24		0		24		0
Extended maturity		4,879		0		4,879		0
Change in terms		13,112		4,743		15,763		5,146

Total	$	22,389	$	4,743	$	32,393	$	5,397