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Loans and Leases

12 Months Ended

Dec. 31, 2025

NOTE D—LOANS AND LEASES

Major classes of loans and leases are as follows:


(In thousands)	December 31, 2025			December 31, 2024
Commercial, financial and agricultural:
Owner-occupied commercial real estate	$	2,145,921		$	1,590,002
Nonowner-occupied commercial real estate		8,343,520			6,939,641
Other commercial		3,784,833			3,351,362

Total commercial, financial & agricultural		14,274,274			11,881,005
Residential real estate		6,098,262			5,507,384
Construction & land development		3,570,902			3,509,034
Consumer:
Bankcard		9,686			9,998
Other consumer		767,496			773,077
Less: Unearned income		(11,498	)		(7,005	)

Loans and leases, net of unearned income	$	24,709,122		$	21,673,493

The table above does not include loans held for sale of $31,277,000 and $44,360,000 at December 31, 2025 and December 31, 2024, respectively. Loans held for sale consist of single-family residential real estate loans originated for sale in the secondary market.

At December 31, 2025 and 2024, loans-in-process of $34,905,000 and $5,569,000 and overdrafts from deposit accounts of $4,331,000 and $4,919,000, respectively, are included within the appropriate loan classifications above. The outstanding loan balances in the table above also include unamortized net discounts of $56,690,000 and $26,322,000 at December 31, 2025 and December 31, 2024, respectively.

United’s subsidiary bank has made loans, in the normal course of business, to the directors and officers of United and its subsidiaries, and to their associates. The aggregate dollar amount of these loans was $42,441,000 and $22,702,000 at December 31, 2025 and 2024, respectively. During 2025, $22,432,000 of new loans were made and repayments totaled $2,693,000.