Credit Quality (Tables)

3 Months Ended

Mar. 31, 2023

Text Block [Abstract]

Schedule of Age Analysis of its Past Due Loans, Segregated by Class of Loans and Leases

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

Age Analysis of Past Due Loans and Leases As of March 31, 2023
	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	$	2,169	$	8,444	$	10,613	$	1,697,587	$	1,708,200	$	511
Nonowner-occupied		2,004		11,274		13,278		6,522,311		6,535,589		0
Other commercial		8,808		2,587		11,395		3,499,542		3,510,937		580
Residential real estate		29,509		14,250		43,759		4,715,729		4,759,488		6,991
Construction & land development		3,951		648		4,599		2,803,654		2,808,253		0
Consumer:
Bankcard		159		101		260		8,471		8,731		101
Other consumer		25,355		5,097		30,452		1,269,248		1,299,700		4,922
Total	$	71,955	$	42,401	$	114,356	$	20,516,542	$	20,630,898	$	13,105

Schedule of Nonaccrual Loans, Segregated by Class of Loans and Leases

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

	At March 31, 2023				At December 31, 2022
	Nonaccruals		With No Related Allowance for Credit Losses		Nonaccruals		With No Related Allowance for Credit Losses
Commercial Real Estate:
Owner-occupied	$	7,933	$	7,417	$	8,345	$	8,345
Nonowner-occupied		11,274		8,457		8,916		8,916
Other Commercial		2,007		2,007		2,392		2,392
Residential Real Estate		7,259		6,484		10,393		8,564
Construction		648		648		475		475
Consumer:
Bankcard		0		0		0		0
Other consumer		175		175		350		350
Total	$	29,296	$	25,188	$	30,871	$	29,042

Schedule of Amortized Cost Basis of Loan Modifications Made to Borrowers

Amortized Cost Basis of Loan Modifications Made to Borrowers Experiencing Financial Difficulty For the Three Months Ended March 31, 2023
	Term Extension		Interest Rate Reduction		% of Total Class of Financing Receivable
Commercial real estate:
Owner-occupied	$	0	$	0		0.00	%
Nonowner-occupied		0		1,771		0.03	%
Other commercial		0		0		0.00	%
Residential real estate		95		0		0.00	%
Construction & land development		0		0		0.00	%
Consumer:
Bankcard		0		0		0.00	%
Other consumer		0		0		0.00	%
Total	$	95	$	1,771		0.01	%

Schedule of Amortized Cost Basis Payment Status

Payment Status (Amortized Cost Basis) As of March 31, 2023
	Current		30-89 Days Past Due		90+ Days Past Due
Commercial real estate:
Owner-occupied	$	0	$	0	$	0
Nonowner-occupied		1,771		0		0
Other commercial		0		0		0
Residential real estate		0		95		0
Construction & land development		0		0		0
Consumer:
Bankcard		0		0		0
Other consumer		0		0		0
Total	$	1,771	$	95	$	0

Schedule of Financial Effect of Loan and Lease Modifications

The following table presents the financial effect of loan and lease modifications to borrowers experiencing financial difficulty for the three months ended March 31, 2023.

For the Three Months Ended March 31, 2023
	Weighted- Average Interest Rate Reduction			Weighted Average Term Extension (in years)
Commercial real estate:
Owner-occupied		0.00	%		0
Nonowner-occupied		1.50	%		0
Other commercial		0.00	%		0
Residential real estate		0.00	%		2.5
Construction & land development		0.00	%		0
Consumer:
Bankcard		0.00	%		0
Other consumer		0.00	%		0
Total		1.50	%		2.5

Schedule of Amortized Cost Loans and Leases Pledged As Collateral

United elects the practical expedient to measure expected credit losses on collateral dependent loans and leases based on the difference between the loan’s amortized cost and the collateral’s fair value, adjusted for selling costs.

	Collateral Dependent Loans and Leases
	At March 31, 2023
	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	41	$	20	$	0	$	11,650	$	9,299	$	21,010
Nonowner-occupied		3,189		0		0		5,575		7,187		15,951
Other commercial		0		1,622		0		0		0		1,622
Residential real estate		8,508		0		0		0		112		8,620
Construction & land development		0		0		1,329		0		871		2,200
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	11,738	$	1,642	$	1,329	$	17,225	$	17,469	$	49,403

	Collateral Dependent Loans and Leases
	At December 31, 2022
	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	46	$	22	$	0	$	15,718	$	9,635	$	25,421
Nonowner-occupied		3,245		0		0		2,784		7,619		13,649
Other commercial		0		5,444		0		0		140		5,584
Residential real estate		11,858		0		0		0		0		11,858
Construction & land development		14		0		1,312		0		738		2,063
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	15,163	$	5,466	$	1,312	$	18,502	$	18,132	$	58,575

Schedule of Risk Category of Loans by Class of Loans and Leases

Based on the most recent analysis performed, the risk category of loans and leases as well as charge-offs and recoveries by class of loans is as follows:

Commercial Real Estate – Owner-occupied

	Term Loans													Revolving loans amortized cost basis		Revolving loans converted to term loan		Total
	Origination Year
As of March 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	27,955	$	345,281	$	266,482	$	287,830	$	121,986	$	569,009		$	29,766	$	340	$	1,648,649
Special Mention		0		0		0		0		2,532		16,535			0		0		19,067
Substandard		0		143		297		512		482		38,653			0		134		40,221
Doubtful		0		0		0		0		0		263			0		0		263
Total	$	27,955	$	345,424	$	266,779	$	288,342	$	125,000	$	624,460		$	29,766	$	474	$	1,708,200
Current-period charge-offs		0		0		0		0		0		(470	)		0		0		(470	)
Current-period recoveries		0		4		0		0		0		43			0		0		47
Current-period net recoveries	$	0	$	4	$	0	$	0	$	0	$	(427	)	$	0	$	0	$	(423	)

	Term Loans													Revolving loans amortized cost basis		Revolving loans and leases converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021		2020		2019		2018		Prior
Internal Risk Grade:
Pass	$	339,765	$	276,667	$	284,091	$	122,582	$	112,126	$	504,485		$	32,465	$	350	$	1,672,531
Special Mention		0		0		0		496		1,158		5,358			920		0		7,932
Substandard		143		936		522		417		642		41,301			0		233		44,194
Doubtful		0		0		0		0		0		270			0		0		270
Total	$	339,908	$	277,603	$	284,613	$	123,495	$	113,926	$	551,414		$	33,385	$	583	$	1,724,927
Current-period charge-offs		0		0		0		0		0		(68	)		0		0		(68	)
Current-period recoveries		0		0		0		0		0		489			0		0		489
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	421		$	0	$	0	$	421

Commercial Real Estate – Nonowner-occupied

	Term Loans													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	93,376	$	1,424,623		1,477,098	$	742,621	$	767,473	$	1,610,898		$	174,115	$	128	$	6,290,332
Special Mention		0		528		2,401		21,815		94,669		78,956			0		0		198,369
Substandard		0		0		0		662		1,047		45,179			0		0		46,888
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	93,376	$	1,425,151		1,479,499	$	765,098	$	863,189	$	1,735,033		$	174,115	$	128	$	6,535,589
Current-period charge-offs		0		0		0		0		0		(24	)		0		0		(24	)
Current-period recoveries		0		0		0		0		0		741			0		0		741
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	717		$	0	$	0	$	717

	Term Loans												Revolving loans amortized cost basis		Revolving loans and leases converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021		2020		2019		2018		Prior
Internal Risk Grade:
Pass	$	1,415,465	$	1,399,023	$	739,474	$	687,755	$	341,367	$	1,297,076	$	183,779	$	135	$	6,064,074
Special Mention		557		2,401		6,852		84,781		980		23,137		0		0		118,708
Substandard		0		0		673		34,079		17,180		51,897		363		0		104,192
Doubtful		0		0		0		0		0		0		0		0		0
Total	$	1,416,022	$	1,401,424	$	746,999	$	806,615	$	359,527	$	1,372,110	$	184,142	$	135	$	6,286,974
Current-period charge-offs		0		0		0		0		0		0		0		0		0
Current-period recoveries		0		0		0		0		0		234		0		0		234
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	234	$	0	$	0	$	234

Other commercial

	Term Loans and leases															Revolving loans and leases amortized cost basis			Revolving loans and leases converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022		2021			2020		2019			Prior
Internal Risk Grade:
Pass	$	28,893	$	741,025	$	561,145		$	378,245	$	220,033		$	431,242		$	1,056,743		$	40	$	3,417,366
Special Mention		0		1,450		2,072			294		1,978			6,377			10,587			32		22,790
Substandard		0		14,083		61			28		940			12,013			43,578			78		70,781
Doubtful		0		0		0			0		0			0			0			0		0
Total	$	28,893	$	756,558	$	563,278		$	378,567	$	222,951		$	449,632		$	1,110,908		$	150	$	3,510,937
Current-period charge-offs		0		0		(96	)		0		(13	)		(478	)		(40	)		0		(627	)
Current-period recoveries		0		0		0			0		7			565			0			0		572
Current-period net (charge-offs) recoveries	$	0	$	0	$	(96	)	$	0	$	(6	)	$	87		$	(40	)	$	0	$	(55	)

	Term Loans and leases																	Revolving loans and leases amortized cost basis		Revolving loans and leases converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021			2020			2019			2018			Prior
Internal Risk Grade:
Pass	$	749,919	$	581,588		$	398,682		$	230,209		$	75,577		$	426,406		$	1,033,459	$	1,596	$	3,497,436
Special Mention		14,244		3,652			331			2,115			936			2,799			35,997		38		60,112
Substandard		4,023		432			29			871			5,603			6,182			37,778		42		54,960
Doubtful		0		0			0			0			0			60			0		0		60
Total	$	768,186	$	585,672		$	399,042		$	233,195		$	82,116		$	435,447		$	1,107,234	$	1,676	$	3,612,568
Current-period charge-offs		0		(364	)		(202	)		(211	)		(2,490	)		(1,041	)		0		0		(4,308	)
Current-period recoveries		0		0			84			17			705			4,561			0		0		5,367
Current-period net (charge-offs) recoveries	$	0	$	(364	)	$	(118	)	$	(194	)	$	(1,785	)	$	3,520		$	0	$	0	$	1,059

Residential Real Estate

	Term Loans													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022		2021		2020		2019			Prior
Internal Risk Grade:
Pass	$	197,071	$	1,509,324	$	853,956	$	472,403	$	283,822		$	994,077	$	422,662	$	2,659	$	4,735,974
Special Mention		0		0		0		0		0			4,221		1,813		0		6,034
Substandard		0		0		416		453		321			14,993		1,202		95		17,480
Doubtful		0		0		0		0		0			0		0		0		0
Total	$	197,071	$	1,509,324	$	854,372	$	472,856	$	284,143		$	1,013,291	$	425,677	$	2,754	$	4,759,488
Current-period charge-offs		0		0		0		0		(40	)		0		0		0		(40	)
Current-period recoveries		0		0		0		0		181			0		0		0		181
Current-period net (charge-offs) recoveries	$	0	$	0	$	0	$	0	$	141		$	0	$	0	$	0	$	141

	Term Loans															Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021			2020		2019		2018			Prior
Internal Risk Grade:
Pass	$	1,525,762	$	847,177		$	492,628	$	291,334	$	245,158		$	791,366		$	439,800	$	2,683	$	4,635,908
Special Mention		0		0			0		0		11			4,418			1,888		0		6,317
Substandard		0		1,448			68		445		866			17,001			858		0		20,686
Doubtful		0		0			0		0		0			0			0		0		0
Total	$	1,525,762	$	848,625		$	492,696	$	291,779	$	246,035		$	812,785		$	442,546	$	2,683	$	4,662,911
Current-period charge-offs		0		(809	)		0		0		(284	)		(453	)		0		0		(1,546	)
Current-period recoveries		0		1			0		0		16			1,483			7		0		1,507
Current-period net (charge-offs) recoveries	$	0	$	(808	)	$	0	$	0	$	(268	)	$	1,030		$	7	$	0	$	(39	)

Construction and Land Development

	Term Loans													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	89,281	$	936,572	$	1,027,995	$	284,306	$	25,531	$	131,391		$	291,285	$	0	$	2,786,361
Special Mention		0		1,754		0		64		3,419		13,879			0		0		19,116
Substandard		0		143		190		0		54		2,389			0		0		2,776
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	89,281	$	938,469	$	1,028,185	$	284,370	$	29,004	$	147,659		$	291,285	$	0	$	2,808,253
Current-period charge-offs		0		0		0		0		0		(14	)		0		0		(14	)
Current-period recoveries		0		0		0		0		0		32			0		0		32
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	18		$	0	$	0	$	18

	Term Loans													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021		2020		2019		2018		Prior
Internal Risk Grade:
Pass	$	806,442	$	1,109,601	$	389,751	$	133,711	$	117,934	$	109,320		$	252,604	$	0	$	2,919,363
Special Mention		0		0		65		3,421		0		1,447			0		0		4,933
Substandard		0		219		0		13		0		2,443			0		0		2,675
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	806,442	$	1,109,820	$	389,816	$	137,145	$	117,934	$	113,210		$	252,604	$	0	$	2,926,971
Current-period charge-offs		0		0		0		0		0		(2	)		0		0		(2	)
Current-period recoveries		0		0		0		0		0		1,414			0		0		1,414
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	1,412		$	0	$	0	$	1,412

Bankcard

	Term Loans												Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass
Special Mention	$	0	$	0	$	0	$	0	$	0	$	0	$	8,471		$	0	$	8,471
Substandard		0		0		0		0		0		0		159			0		159
Doubtful		0		0		0		0		0		0		101			0		101
Total		0		0		0		0		0		0		0			0		0
	$	0	$	0	$	0	$	0	$	0	$	0	$	8,731		$	0	$	8,731
Current-period charge-offs		0		0		0		0		0		0		(92	)		0		(92	)
Current-period recoveries		0		0		0		0		0		0		3			0		3
Current-period net charge-offs	$	0	$	0	$	0	$	0	$	0	$	0	$	(89	)	$	0	$	(89	)
	Term Loans												Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
	Origination Year
As of December 31, 2022	2022		2021		2020		2019		2018		Prior
Internal Risk Grade:
Pass	$	0	$	0	$	0	$	0	$	0	$	0	$	9,101		$	0	$	9,101
Special Mention		0		0		0		0		0		0		63			0		63
Substandard		0		0		0		0		0		0		109			0		109
Doubtful		0		0		0		0		0		0		0			0		0
Total	$	0	$	0	$	0	$	0	$	0	$	0	$	9,273		$	0	$	9,273
Current-period charge-offs		0		0		0		0		0		0		(355	)		0		(355	)
Current-period recoveries		0		0		0		0		0		0		9			0		9
Current-period net charge-offs	$	0	$	0	$	0	$	0	$	0	$	0	$	(346	)	$	0	$	(346	)

Other Consumer

	Term Loans																	Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of March 31, 2023	2023		2022			2021			2020			2019			Prior
Internal Risk Grade:
Pass	$	79,760	$	577,952		$	291,713		$	157,259		$	109,857		$	49,964		$	2,743	$	0	$	1,269,248
Special Mention		0		9,494			8,913			3,944			1,869			1,112			22		0		25,354
Substandard		0		1,840			2,248			703			222			75			10		0		5,098
Doubtful		0		0			0			0			0			0			0		0		0
Total	$	79,760	$	589,286		$	302,874		$	161,906		$	111,948		$	51,151		$	2,775	$	0	$	1,299,700
Current-period charge-offs		0		(480	)		(684	)		(342	)		(117	)		(46	)		0		0		(1,669	)
Current-period recoveries		0		62			43			9			26			75			0		0		215
Current-period net (charge-offs) recoveries	$	0	$	(418	)	$	(641	)	$	(333	)	$	(91	)	$	29		$	0	$	0	$	(1,454	)

24

	Term Loans																		Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
	Origination Year
As of December 31, 2022	2022			2021			2020			2019			2018			Prior
Internal Risk Grade:
Pass	$	626,666		$	319,719		$	176,423		$	128,176		$	55,147		$	9,202		$	2,644	$	0	$	1,317,977
Special Mention		9,891			13,449			5,769			3,075			1,295			464			50		0		33,993
Substandard		1,144			2,214			927			167			89			28			0		0		4,569
Doubtful		0			0			0			0			0			0			0		0		0
Total	$	637,701		$	335,382		$	183,119		$	131,418		$	56,531		$	9,694		$	2,694	$	0	$	1,356,539
Current-period charge-offs		(394	)		(1,435	)		(851	)		(331	)		(162	)		(198	)		0		0		(3,371	)
Current-period recoveries		12			102			61			87			60			207			0		0		529
Current-period net (charge-offs) recoveries	$	(382	)	$	(1,333	)	$	(790	)	$	(244	)	$	(102	)	$	9		$	0	$	0	$	(2,842	)