XML 58 R47.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Information Related to Statutory Trusts
Information related to United’s statutory trusts is presented in the table below:
 
Description
   
Issuance Date
   
Amount of
Capital
Securities Issued
     
Stated Interest Rate
(1)
   
Maturity Date
United Statutory Trust III
    December 17, 2003    $ 20,000      3-month CME Term SOFR + 2.85%    December 17, 2033
United Statutory Trust IV
    December 19, 2003    $ 25,000      3-month CME Term SOFR + 2.85%    January 23, 2034
United Statutory Trust V
    July 12, 2007    $ 50,000      3-month CME Term SOFR + 1.55%    October 1, 2037
United Statutory Trust VI
    September 20, 2007    $ 30,000      3-month CME Term SOFR + 1.30%    December 15, 2037
Premier Statutory Trust II
    September 25, 2003    $ 6,000      3-month CME Term SOFR + 3.10%    October 8, 2033
Premier Statutory Trust III
    May 16, 2005    $ 8,000      3-month CME Term SOFR + 1.74%    June 15, 2035
Premier Statutory Trust IV
    June 20, 2006    $ 14,000      3-month CME Term SOFR + 1.55%    September 23, 2036
Premier Statutory Trust V
    December 14, 2006    $ 10,000      3-month CME Term SOFR + 1.61%    March 1, 2037
Centra Statutory Trust I
    September 20, 2004    $ 10,000      3-month CME Term SOFR + 2.29%    September 20, 2034
Centra Statutory Trust II
    June 15, 2006    $ 10,000      3-month CME Term SOFR + 1.65%    July 7, 2036
VCBI Capital Trust II
    December 19, 2002    $ 15,000      6-month CME Term SOFR + 3.30%    December 19, 2032
VCBI Capital Trust III
    December 20, 2005    $ 25,000      3-month CME Term SOFR + 1.42%    February 23, 2036
Cardinal Statutory Trust I
    July 27, 2004    $ 20,000      3-month CME Term SOFR + 2.40%    September 15, 2034
UFBC Capital Trust I
    December 30, 2004    $ 5,000      3-month CME Term SOFR + 2.10%    March 15, 2035
Carolina Financial Capital Trust I
    December 19, 2002    $ 5,000      Prime + 0.50%    December 31, 2032
Carolina Financial Capital Trust II
    November 5, 2003    $ 10,000      3-month CME Term SOFR + 3.05%    January 7, 2034
Greer Capital Trust I
    October 12, 2004    $ 6,000      3-month CME Term SOFR + 2.20%    October 18, 2034
Greer Capital Trust II
    December 28, 2006    $ 5,000      3-month CME Term SOFR + 1.73%    January 30, 2037
First South Preferred Trust I
    September 26, 2003    $ 10,000      3-month CME Term SOFR + 2.95%    September 30, 2033
BOE Statutory Trust I
    December 12, 2003    $ 4,000      3-month CME Term SOFR + 3.00%    December 12, 2033

(1)
The
3-month
CME Term SOFR rates have a spread adjustment of 0.26161% and the
6-month
CME Term SOFR rate has a spread adjustment of 0.42826%.