Assets and Liabilities Measured at Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of assets and liabilities measured at fair value on a recurring basis

March 31, 2013	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
State and political subdivisions	$	—		24,037	$	—	$	24,037
Mortgage-backed securities		—		1,468,311		—		1,468,311
Corporate bonds		—		188,444		350		188,794
Asset-backed securities		—		225,870				225,870
Other		—		2,414		—		2,414
Deferred compensation plan assets		3,037		—		—		3,037
Derivative financial instruments		—		602		—		602
Total assets	$	3,037	$	1,909,678	$	350	$	1,913,065
Liabilities:
Deferred compensation plan liability	$	3,037	$	—	$	—	$	3,037
Brokered certificates of deposit		—		194,415		—		194,415
Derivative financial instruments		—		14,556		—		14,556
Total liabilities	$	3,037	$	208,971	$	—	$	212,008

December 31, 2012	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale
State and political subdivisions	$	—	$	29,052	$	—	$	29,052
Mortgage-backed securities		—		1,428,502		—		1,428,502
Corporate bonds		—		163,312		350		163,662
Asset-backed securities		—		210,556		—		210,556
Other		—		2,821		—		2,821
Deferred compensation plan assets		3,101		—		—		3,101
Derivative financial instruments		—		658		—		658
Total assets	$	3,101	$	1,834,901	$	350	$	1,838,352
Liabilities:
Deferred compensation plan liability	$	3,101	$	—	$	—	$	3,101
Brokered certificates of deposit		—		154,641		—		154,641
Derivative financial instruments		—		12,543		—		12,543
Total liabilities	$	3,101	$	167,184	$	—	$	170,285

March 31, 2012	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Government agencies	$	—	$	43,789	$	—	$	43,789
State and political subdivisions		—		22,808		—		22,808
Mortgage-backed securities		—		1,725,068		—		1,725,068
Corporate bonds		—		104,236		350		104,586
Other		—		2,564		—		2,564
Deferred compensation plan assets		2,973		—		—		2,973
Derivative financial instruments		—		73		—		73
Total assets	$	2,973	$	1,898,538	$	350	$	1,901,861
Liabilities:
Deferred compensation plan liability	$	2,973	$	—	$	—	$	2,973
Brokered certificates of deposit		—		61,069		—		61,069
Derivative financial instruments		—		2,599		—		2,599
Total liabilities	$	2,973	$	63,668	$	—	$	66,641

Schedule of assets measured at fair value on a recurring basis using significant unobservable inputs

	Three Months Ended
	March 31,
Securities Available for Sale	2013		2012
Balance at beginning of period	$	350	$	350
Amounts included in earnings		—		—
Paydowns		—		—
Balance at end of period	$	350	$	350

Schedule of presentation of united's assets and liabilities measured at fair value on nonrecurring basis

March 31, 2013	Level 1		Level 2		Level 3		Total
Assets
Loans	$	—	$	—	$	170,767	$	170,767
Foreclosed properties		—		—		14,716		14,716
Total	$	—	$	—	$	185,483	$	185,483

December 31, 2012
Assets
Loans	$	—	$	—	$	165,751	$	165,751
Foreclosed properties		—		—		14,788		14,788
Total	$	—	$	—	$	180,539	$	180,539

March 31, 2012
Assets
Loans	$	—	$	—	$	176,632	$	176,632
Foreclosed properties		—		—		27,675		27,675
Total	$	—	$	—	$	204,307	$	204,307

Summary of carrying amount and fair values for other financial instruments that are not measured at fair value on a recurring basis


	Carrying		Fair Value Level
March 31, 2013	Amount		Level 1		Level 2		Level 3		Total
Assets:
Securities held to maturity	$	231,087	$	—	$	247,087	$	—	$	247,087
Loans, net		4,087,807		—		—		3,980,932		3,980,932
Mortgage loans held for sale		18,290		—		18,803		—		—
Liabilities:
Deposits		6,025,852		—		6,034,103		—		6,034,103
Federal Home Loan Bank advances		125		—		125		—		125
Long-term debt		124,825		—		—		123,402		123,402

December 31, 2012
Assets:
Securities held to maturity	$	244,184	$	—	$	261,131	$	—	$	261,131
Loans, net		4,067,871		—		—		3,957,669		3,957,669
Mortgage loans held for sale		28,821		—		29,693		—		—
Liabilities:
Deposits		5,952,140		—		5,988,743		—		5,988,743
Federal Home Loan Bank advances		40,125		—		40,125		—		40,125
Long-term debt		124,805		—		—		118,626		118,626

March 31, 2012
Assets:
Securities held to maturity	$	303,636	$	—	$	318,490	$	—	$	318,490
Loans, net		4,013,965		—		—		3,825,482		3,825,482
Mortgage loans held for sale		24,809		—		25,288		—		—
Liabilities:
Deposits		6,000,539		—		5,986,925		—		5,986,925
Federal Home Loan Bank advances		215,125		—		217,033		—		217,033
Long-term debt		120,245		—		—		113,891		113,891

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

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-Name Accounting Standards Codification

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