Assets and Liabilities Measured at Fair Value (Tables)

6 Months Ended

Jun. 30, 2013

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


June 30, 2013	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
State and political subdivisions	$	-		23,440	$	-	$	23,440
Mortgage-backed securities		-		1,412,586		-		1,412,586
Corporate bonds		-		253,518		350		253,868
Asset-backed securities		-		244,844				244,844
Other		-		2,526		-		2,526
Deferred compensation plan assets		3,074		-		-		3,074
Derivative financial instruments		-		9,017		-		9,017

Total assets	$	3,074	$	1,945,931	$	350	$	1,949,355

Liabilities:
Deferred compensation plan liability	$	3,074	$	-	$	-	$	3,074
Brokered certificates of deposit		-		261,288		-		261,288
Derivative financial instruments		-		29,330		-		29,330

Total liabilities	$	3,074	$	290,618	$	-	$	293,692


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


June 30, 2012	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Government agencies	$	-	$	43,874	$	-	$	43,874
State and political subdivisions		-		27,159		-		27,159
Mortgage-backed securities		-		1,433,431		-		1,433,431
Corporate bonds		-		109,688		350		110,038
Asset-backed securities		-		84,498				84,498
Other		-		2,583		-		2,583
Deferred compensation plan assets		2,895		-		-		2,895
Derivative financial instruments		-		223		-		223

Total assets	$	2,895	$	1,701,456	$	350	$	1,704,701

Liabilities:
Deferred compensation plan liability	$	2,895	$	-	$	-	$	2,895
Brokered certificates of deposit		-		102,879		-		102,879
Derivative financial instruments		-		6,142		-		6,142

Total liabilities	$	2,895	$	109,021	$	-	$	111,916

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


	Securities Available for Sale				Securities Available for Sale
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Securities Available for Sale	2013		2012		2013		2012

Balance at beginning of period	$	350	$	350	$	350	$	350
Amounts included in earnings		-		-		-		-
Paydowns		-		-		-		-

Balance at end of period	$	350	$	350	$	350	$	350

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


June 30, 2013	Level 1		Level 2		Level 3		Total
Assets
Loans	$	-	$	-	$	74,685	$	74,685
Foreclosed properties		-		-		3,802		3,802

Total	$	-	$	-	$	78,487	$	78,487

December 31, 2012
Assets
Loans	$	-	$	-	$	165,751	$	165,751
Foreclosed properties		-		-		14,788		14,788

Total	$	-	$	-	$	180,539	$	180,539

June 30, 2012
Assets
Loans	$	-	$	-	$	160,266	$	160,266
Foreclosed properties		-		-		25,253		25,253

Total	$	-	$	-	$	185,519	$	185,519

Schedule 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
June 30, 2013	Amount		Level 1		Level 2		Level 3		Total
Assets:
Securities held to maturity	$	214,947	$	-	$	226,695	$	-	$	226,695
Loans, net		4,107,523		-		-		4,048,174		4,048,174
Mortgage loans held for sale		19,150		-		19,511		-		19,511

Liabilities:
Deposits		6,011,829		-		5,986,591		-		5,986,591
Federal Home Loan Bank advances		70,125		-		70,125		-		70,125
Long-term debt		124,845		-		-		123,650		123,650

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		-		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

June 30, 2012
Assets:
Securities held to maturity	$	282,750	$	-	$	299,971	$	-	$	299,971
Loans, net		4,006,530		-		-		3,830,187		3,830,187
Mortgage loans held for sale		18,645		-		19,223		-		19,223

Liabilities:
Deposits		5,822,467		-		5,863,885		-		5,863,885
Federal Home Loan Bank advances		125,125		-		125,125		-		125,125
Long-term debt		120,265		-		-		114,679		114,679

- 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, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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