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Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value
 
  
 
 
  
Fair Value at December 31, 2025 Using
 
(In thousands)
 
Description
  
Balance as of

December 31,

2025
 
  
Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
Assets
           
Available for sale debt securities:
           
U.S. Treasury securities and obligations of U.S. Government corporations and agencies
   $ 281,657      $ 0      $ 281,657      $ 0  
State and political subdivisions
     516,926        0        516,926        0  
Residential mortgage-backed securities
           
Agency
     1,358,636        0        1,358,636        0  
Non-agency
     38,885        0        38,885        0  
Commercial mortgage-backed securities
           
Agency
     395,073        0        395,073        0  
Asset-backed securities
     223,254        0        223,254        0  
Single issue trust preferred securities
     12,658        0        12,658        0  
Other corporate securities
     232,363        4,678        227,685        0  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total available for sale securities
     3,059,452        4,678        3,054,774        0  
Equity securities:
           
Financial services industry
     25,825        20,421        5,404        0  
Equity mutual funds (1)
     3,610        3,610        0        0  
Fixed income mutual funds
     5,325        5,325        0        0  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total equity securities
     34,760        29,356        5,404        0  
Loans held for sale
     31,277        0        0        31,277  
Derivative financial assets:
           
Interest rate swap contracts
     316        0        316        0  
Forward loan sales commitments
     15        0        0        15  
Interest rate lock commitments
     458        0        0        458  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total derivative financial assets
     789        0        316        473  
Liabilities
           
Derivative financial liabilities:
           
TBA mortgage-backed securities
     70        0        0        70  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total derivative financial liabilities
     70        0        0        70  
 
 
  
 
 
  
Fair Value at December 31, 2024 Using
 
(In thousands)
 
Description
  
Balance as of

December 31,

2024
 
  
Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
Assets
           
Available for sale debt securities:
           
U.S. Treasury securities and obligations of U.S. Government corporations and agencies
   $ 245,842      $ 0      $ 245,842      $     0  
State and political subdivisions
     495,073        0        495,073        0  
Residential mortgage-backed securities
           
Agency
     1,059,719        0        1,059,719        0  
Non-agency
     82,123        0        82,123        0  
Commercial mortgage-backed securities
           
 
 
  
 
 
  
Fair Value at December 31, 2024 Using
 
(In thousands)
Description
  
Balance as of

December 31,

2024
 
  
Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
Agency
  
 
329,986
 
  
 
0
 
  
 
329,986
 
  
 
0
 
Asset-backed securities
  
 
474,982
 
  
 
0
 
  
 
474,982
 
  
 
0
 
Single issue trust preferred securities
  
 
11,919
 
  
 
0
 
  
 
11,919
 
  
 
0
 
Other corporate securities
     260,075        4,965        255,110        0  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total available for sale securities
     2,959,719        4,965        2,954,754        0  
Equity securities:
           
Financial services industry
     12.504        12,504        0        0  
Equity mutual funds (1)
     3,394        3,394        0        0  
Fixed income mutual funds
     5,160        5,160        0        0  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total equity securities
     21,058        21,058        0        0  
Loans held for sale
     44,360        0        0        44,360  
Derivative financial assets:
           
Interest rate swap contracts
     644        0        644        0  
TBA mortgage-backed securities
     278        0        0        278  
Interest rate lock commitments
     339        0        0        339  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total derivative financial assets
     1,261        0        644        617  
Liabilities
           
Derivative financial liabilities:
           
Forward sales commitments
     20        0        0        20  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total derivative financial liabilities
     20        0        0        20  
 
 
(1)
The equity mutual funds are within a rabbi trust for the payment of benefits under a deferred compensation plan for certain key officers of United and its subsidiaries.
Schedule of Additional Information about Financial Assets and Liabilities Measured at Fair Value Utilized Level 3
The following tables present additional information about financial assets and liabilities measured at fair value at December 31, 2025 and 2024 on a recurring basis and for which United has utilized Level 3 inputs to determine fair value. The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses related to assets still held at the reporting date are recorded in Income from mortgage banking activities in the Consolidated Statements of Income.

 
  
 
 
 
Derivative Assets
 
  
Derivative Liabilities
 
(In thousands)
 
December 31, 2025
  
Loans Held
for Sale
 
 
TBA
Securities
 
 
Forward Sales

Commitments
 
  
Interest Rate
Lock
Commitments
 
  
TBA
Securities
 
  
Forward

Sales
Commitments
 
Balance, beginning of period
    $ 44,360      $ 278      $ 0       $ 339       $ 0       $ 20  
Originations
     370,856       0       0        0        0        0  
Sales
     (393,506     0       0        0        0        0  
Transfers other
     0       (278     15        119        70        (20
Total gains during the period recognized in earnings
     9,567       0       0        0        0        0  
  
 
 
   
 
 
   
 
 
    
 
 
    
 
 
    
 
 
 
Balance, end of
period
    $ 31,277      $ 0      $ 15       $ 458       $ 70       $ 0  
  
 
 
   
 
 
   
 
 
    
 
 
    
 
 
    
 
 
 
The amount of total (losses) gains for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at reporting date
    $ 48      $ 0      $ 15       $ 458       $ 70       $ 0  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
Derivative Assets
 
 
Derivative Liabilities
 
(In thousands)
 
December 31, 2024
  
Loans
Held for

Sale
 
 
TBA
Securities
 
  
Forward Sales
Commitments
 
 
Interest Rate
Lock
Commitments
 
 
TBA
Securities
 
 
Forward
Sales
Commitments
 
Balance, beginning of period
    $ 51,978      $ 0       $ 33      $ 1,005      $ 667      $ 0  
Originations
     607,383       0        0       0       0       0  
Sales
     (630,244     0        0       0       0       0  
Transfers other
     0       278        (33     (666     (667     20  
Total gains during the period recognized in earnings
     15,243       0        0       0       0       0  
  
 
 
   
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Balance, end of period
    $ 44,360     $ 278       $ 0      $ 339      $ 0      $ 20  
  
 
 
   
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
The amount of total (losses) gains for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at reporting date
    $ (1,133   $ 278       $ 0      $ 339      $ 0      $ 20  
Schedule of Changes in Fair Value Included in Earnings of Financial Instruments for which Fair Value Option has been Elected
The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected:
 
 
 
 
 
 
(In thousands)
Description
  
Year Ended

December 31, 2025
 
Year Ended

December 31, 2024
Income from mortgage banking activities
   $ 48    $ (1,222)
Summary of Difference Between Aggregate Fair Value and Remaining Contractual Principal Outstanding for Financial Instruments for which Fair Value Option has been Elected
The following table reflects the difference between the aggregate fair value and the remaining contractual principal outstanding for financial instruments for which the fair value option has been elected:
 
    
December 31, 2025
    
December 31, 2024
 
(In thousands)
 
Description
  
Unpaid
Principal
Balance
    
Fair Value
    
Fair Value
Over/(Under)
Unpaid
Principal
Balance
    
Unpaid
Principal
Balance
    
Fair Value
    
Fair Value
Over/(Under)
Unpaid
Principal
Balance
 
Loans held for sale
    $  30,567       $  31,277       $  710       $  43,698       $  44,360       $  662  
Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes United’s financial assets that were measured at fair value on a nonrecurring basis during the period:
 
(In thousands)
 
Description
  
Balance as of

December 31,
2025
 
  
Fair Value at December 31, 2025
 
  
YTD
Gains
(Losses)
 
  
 Quoted Prices 

in Active

Markets for

Identical

Assets

(Level 1 )
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
Assets
              
Individually assessed loans
   $  51,485      $  0      $  49,870      $  1,615      $  1,172  
OREO
     8,857        0        8,857        0        0  

(In thousands)
 
Description
  
Balance as of

December 31,
2024
 
  
Fair Value at December 31, 2024
 
  
YTD
Gains

(Losses)
 
  
 Quoted Prices 

in Active

Markets for

Identical

Assets

(Level 1)
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
Assets
              
Individually assessed loans
   $ 40,701      $ 0      $ 21,725      $ 18,976      $ (231
OREO
     327        0        240        87        0  
Summary of Estimated Fair Values of Financial Instruments
The estimated fair values of United’s financial instruments are summarized below:
 
 
  
 
 
  
 
 
  
Fair Value Measurements
 
(In thousands)
 
  
 Carrying 
Amount
 
  
  Fair Value  
 
  
 Quoted Prices 

in Active

Markets for

Identical

Assets

(Level 1)
 
  
Significant

Other

Observable

Inputs

(Level 2)
 
  
Significant

Unobservable

Inputs

(Level 3)
 
December 31, 2025
              
Cash and cash equivalents
   $ 2,542,250      $ 2,542,250      $ 0      $ 2,542,250      $ 0  
Securities available for sale
     3,059,452        3,059,452        4,678        3,054,774        0  
Securities held to maturity
     1,004        1,020        0        0        1,020  
Equity securities
     34,760        34,760        29,356        5,404        0  
Other securities
     305,184        289,925        0        0        289,925  
Loans held for sale
     31,277        31,277        0        0        31,277  
Net loans
     24,411,604        24,432,980        0        0        24,432,980  
Derivative financial assets,
     789        789        0        316        473  
Deposits
     27,060,939        27,031,873        0        27,031,873        0  
Short-term borrowings
     198,573        198,573        0        198,573        0  
Long-term borrowings
     531,817        524,281        0        524,281        0  
Derivative financial liabilities
     70        70        0        70        0  
December 31, 2024
              
Cash and cash equivalents
   $ 2,292,244      $ 2,292,244      $ 0      $ 2,292,244      $ 0  
Securities available for sale
     2,959,719        2,959,719        4,965        2,954,754        0  
Securities held to maturity
     1,002        1,020        0        0        1,020  
Equity securities
     21,058        21,058        21,058        0        0  
Other securities
     277,517        263,641        0        0        263,641  
Loans held for sale
     44,360        44,360        0        0        44,360  
Net loans
     21,401,649        20,868,239        0        0        20,868,239  
Derivative financial assets,
     1,261        1,261        0        644        617  
Deposits
     23,961,859        23,922,063        0        23,922,063        0  
Short-term borrowings
     176,090        176,090        0        176,090        0  
Long-term borrowings
     540,420        505,305        0        505,305        0  
Derivative financial liabilities
     20        20        0        0        20