Credit Quality (Tables)

12 Months Ended

Dec. 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 December 31, 2023
(In thousands)	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	$	6,361	$	6,335	$	12,696	$	1,585,535	$	1,598,231	$	110
Nonowner-occupied		10,373		13,146		23,519		6,694,824		6,718,343		2,460
Other commercial		3,218		1,224		4,442		3,567,998		3,572,440		560
Residential real estate		26,523		12,136		38,659		5,232,577		5,271,236		6,244
Construction & land development		879		6,423		7,302		3,140,943		3,148,245		0
Consumer:
Bankcard		145		127		272		9,690		9,962		127
Other consumer		36,451		6,107		42,558		1,012,170		1,054,728		5,078
Total	$	83,950	$	45,498	$	129,448	$	21,243,737	$	21,373,185	$	14,579

Age Analysis of Past Due Loans and Leases As of December 31, 2022
(In thousands)	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	$	5,643	$	12,368	$	18,011	$	1,706,916	$	1,724,927	$	4,023
Nonowner-occupied		9,996		8,916		18,912		6,268,062		6,286,974		0
Other commercial		13,466		5,338		18,804		3,593,764		3,612,568		2,946
Residential real estate		25,315		17,735		43,050		4,619,861		4,662,911		7,342
Construction & land development		3,060		475		3,535		2,923,436		2,926,971		0
Consumer:
Bankcard		63		109		172		9,101		9,273		109
Other consumer		33,993		4,570		38,563		1,317,976		1,356,539		4,220
Total	$	91,536	$	49,511	$	141,047	$	20,439,116	$	20,580,163	$	18,640

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 December 31, 2023				At December 31, 2022
(In thousands)	Nonaccruals		With No Related Allowance for Credit Losses		Nonaccruals		With No Related Allowance for Credit Losses
Commercial Real Estate:
Owner-occupied	$	6,225	$	6,225	$	8,345	$	8,345
Nonowner-occupied		10,686		10,686		8,916		8,916
Other Commercial		664		664		2,392		2,392
Residential Real Estate		5,892		5,892		10,393		8,564
Construction		6,423		6,423		475		475
Consumer:
Bankcard		0		0		0		0
Other consumer		1,029		1,029		350		350
Total	$	30,919	$	30,919	$	30,871	$	29,042

Schedule of Amortized Cost Loans and Leases Pledged As Collateral

The following table presents the amortized cost basis of collateral-dependent loans and leases 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 and leases as of December 31, 2023 and December 31, 2022:

	Collateral Dependent Loans and Leases
	At December 31, 2023
(In thousands)	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	27	$	0	$	0	$	5,208	$	9,272	$	14,507
Nonowner-occupied		11,200		0		0		13,555		1,810		26,565
Other commercial		0		891		0		5,193		256		6,340
Residential real estate		9,775		0		0		0		0		9,775
Construction & land development		954		0		3,661		0		3,314		7,929
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	21,956	$	891	$	3,661	$	23,956	$	14,652	$	65,116

	Collateral Dependent Loans and Leases
	At December 31, 2022
(In thousands)	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																Revolving loans converted to
	Term Loans													Revolving loans amortized cost				Total
(In thousands)	Origination Year
As of December 31, 2023	2023		2022		2021		2020		2019		Prior			basis		term loans
Internal Risk Grade:
Pass	$	132,376	$	316,117	$	246,635	$	248,861	$	109,182	$	465,223		$	29,619	$	0	$	1,548,013
Special Mention		0		0		0		0		2,460		15,423			125		0		18,008
Substandard		0		1,734		274		475		436		28,469			449		129		31,966
Doubtful		0		0		0		0		0		244			0		0		244
Total	$	132,376	$	317,851	$	246,909	$	249,336	$	112,078	$	509,359		$	30,193	$	129	$	1,598,231
Current-period charge-offs		0		0		0		0		0		(855	)		0		0		(855	)
Current-period recoveries		0		13		0		0		0		174			0		0		187
Current-period net recoveries (charge-offs)	$	0	$	13	$	0	$	0	$	0	$	(681	)	$	0	$	0	$	(668	)

(In thousands)	Term Loans Origination Year																	Revolving loans amortized cost basis			Revolving loans and leases converted to term loans			Total
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

(In thousands)	Term Loans Origination Year																	Revolving loans amortized cost basis			Revolving loans   converted to   term loans			Total
As of December 31, 2023	2023			2022			2021			2020		2019			Prior
Internal Risk Grade:
Pass	$	455,399		$	1,428,880		$	1,587,315		$	717,189	$	695,492		$	1,335,526		$	228,743		$	106		$	6,448,650
Special Mention		0			4,614			2,381			25,437		43,017			104,997			30,651			0			211,097
Substandard		0			0			4,020			4,736		3,493			46,347			0			0			58,596
Doubtful		0			0			0			0		0			0			0			0			0
Total	$	455,399		$	1,433,494		$	1,593,716		$	747,362	$	742,002		$	1,486,870		$	259,394		$	106		$	6,718,343
Current-period charge-offs		0			0			0			0		0			(24	)		0			0			(24	)
Current-period recoveries		0			0			0			0		0			1,233			0			0			1,233
Current-period net recoveries	$	0		$	0		$	0		$	0	$	0		$	1,209		$	0		$	0		$	1,209

(In thousands)	Term Loans Origination Year																	Revolving loans amortized cost basis			Revolving loans and leases converted to term loans			Total
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

(In thousands)	Term Loans and leases Origination Year																	Revolving loans and leases amortized cost basis			Revolving loans and leases converted to term loans			Total
As of December 31, 2023	2023			2022			2021			2020		2019			Prior
Internal Risk Grade:
Pass	$	593,153		$	596,258		$	477,457		$	197,173	$	187,560		$	447,430		$	988,809		$	13		$	3,487,853
Special Mention		221			4,798			542			1,775		1,611			2,093			16,901			15			27,956
Substandard		1,059			16,248			306			792		660			11,923			25,597			0			56,585
Doubtful		0			0			0			0		0			46			0			0			46
Total	$	594,433		$	617,304		$	478,305		$	199,740	$	189,831		$	461,492		$	1,031,307		$	28		$	3,572,440
Current-period charge-offs		(88	)		(163	)		(233	)		0		(661	)		(567	)		(217	)		(78	)		(2,007	)
Current-period recoveries		0			0			0			0		25			1,699			5			0			1,729
Current-period net (charge-offs) recoveries	$	(88	)	$	(163	)	$	(233	)	$	0	$	(636	)	$	1,132		$	(212	)	$	(78	)	$	(278	)

(In thousands)	Term Loans and leases Origination Year																	Revolving loans and leases amortized cost basis		Revolving loans and leases converted to term loans		Total
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

(In thousands)	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019			Prior
Internal Risk Grade:
Pass	$	783,866	$	1,618,774	$	850,760	$	443,514	$	262,524		$	863,186	$	423,302	$	2,568	$	5,248,494
Special Mention		0		0		0		0		65			3,561		1,710		0		5,336
Substandard		51		75		386		258		599			14,827		1,121		89		17,406
Doubtful		0		0		0		0		0			0		0		0		0
Total	$	783,917	$	1,618,849	$	851,146	$	443,772	$	263,188		$	881,574	$	426,133	$	2,657	$	5,271,236
Current-period charge-offs		0		0		0		0		(785	)		0		0		0		(785	)
Current-period recoveries		0		0		8		0		688			1		0		0		697
Current-period net recoveries (charge-offs)	$	0	$	0	$	8	$	0	$	(97	)	$	1	$	0	$	0	$	(88	)

(In thousands)	Term Loans Origination Year															Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
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

(In thousands)	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	628,047	$	1,308,793	$	827,138	$	53,004	$	16,062	$	60,920		$	239,390	$	0	$	3,133,354
Special Mention		0		2,902		0		62		3,386		258			0		0		6,608
Substandard		0		1,091		2,490		2,470		0		2,232			0		0		8,283
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	628,047	$	1,312,786	$	829,628	$	55,536	$	19,448	$	63,410		$	239,390	$	0	$	3,148,245
Current-period charge-offs		0		0		0		0		0		(14	)		0		0		(14	)
Current-period recoveries		0		0		0		0		0		80			0		0		80
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	66		$	0	$	0	$	66

(In thousands)	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
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

(In thousands)	Term Loans Origination Year												Revolving loans amortized cost			Revolving loans converted to
As of December 31, 2023	2023		2022		2021		2020		2019		Prior		basis			term loans		Total
Internal Risk Grade:
Pass	$	0	$	0	$	0	$	0	$	0	$	0	$	9,690		$	0	$	9,690
Special Mention		0		0		0		0		0		0		145			0		145
Substandard		0		0		0		0		0		0		127			0		127
Doubtful		0		0		0		0		0		0		0			0		0
Total	$	0	$	0	$	0	$	0	$	0	$	0	$	9,962		$	0	$	9,962
Current-period charge-offs		0		0		0		0		0		0		(263	)		0		(263	)
Current-period recoveries		0		0		0		0		0		0		28			0		28
Current-period net charge-offs	$	0	$	0	$	0	$	0	$	0	$	0	$	(235	)	$	0	$	(235	)

(In thousands)	Term Loans Origination Year												Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
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

(In thousands)	Term Loans Origination Year																		Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023			2022			2021			2020			2019			Prior
Internal Risk Grade:
Pass	$	192,184		$	428,295		$	205,015		$	102,300		$	62,861		$	18,876		$	2,638	$	0	$	1,012,169
Special Mention		674			16,031			12,220			4,454			2,050			977			46		0		36,452
Substandard		0			3,010			2,207			647			126			96			21		0		6,107
Doubtful		0			0			0			0			0			0			0		0		0
Total	$	192,858		$	447,336		$	219,442		$	107,401		$	65,037		$	19,949		$	2,705	$	0	$	1,054,728
Current-period charge-offs		(9	)		(3,205	)		(2,699	)		(933	)		(319	)		(191	)		0		0		(7,356	)
Current-period recoveries		0			219			125			54			54			235			0		0		687
Current-period net (charge-offs) recoveries	$	(9	)	$	(2,986	)	$	(2,574	)	$	(879	)	$	(265	)	$	44		$	0	$	0	$	(6,669	)

(In thousands)	Term Loans Origination Year																		Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
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	)

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 year ended December 31 2023.

	For the Year Ended December 31, 2023
	Weighted- Average Interest Rate Reduction			Weighted Average Term Extension (in years)
Commercial Real Estate:
Owner-occupied		0.00	%		1.0
Nonowner-occupied		1.50	%		1.4
Other Commercial		0.00	%		1.8
Residential Real Estate		0.00	%		4.6

	For the Year Ended December 31, 2023
	Weighted- Average Interest Rate Reduction			Weighted Average Term Extension (in years)
Construction & land development		0.00	%		0
Consumer:
Bankcard		0.00	%		0
Other consumer		0.00	%		0
Total		1.50	%		8.8

Schedule of Amortized Cost Basis Payment Status

Payment Status (Amortized Cost Basis) As of December 31, 2023
(In thousands)	Current		30-89 Days Past Due		90+ Days Past Due
Commercial real estate:
Owner-occupied	$	484	$	0	$	0
Nonowner-occupied		33,370		0		0
Other commercial		65		100		0
Residential real estate		506		0		0
Construction & land development		0		0		0
Consumer:
Bankcard		0		0		0
Other consumer		0		0		0
Total	$	34,425	$	100	$	0

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 Year Ended December 31, 2023
(Dollars in thousands)	Term Extension		Interest Rate Reduction		% of Total Class of Financing Receivable
Commercial real estate:
Owner-occupied	$	484	$	0		0.03	%
Nonowner-occupied		31,633		1,737		0.50	%
Other commercial		165		0		0.00	%
Residential real estate		506		0		0.01	%
Construction & land development		0		0		0.00	%
Consumer:
Bankcard		0		0		0.00	%
Other consumer		0		0		0.00	%
Total	$	32,788	$	1,737		0.16	%