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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Interest and dividend income: | |||
| Interest and fees on loans | $ 246,365us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 155,547us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 162,637us-gaap_InterestAndFeeIncomeLoansAndLeases |
| Interest on federal funds sold | 1us-gaap_InterestIncomeFederalFundsSold | 1us-gaap_InterestIncomeFederalFundsSold | 1us-gaap_InterestIncomeFederalFundsSold |
| Interest on deposits in other banks | 60us-gaap_InterestIncomeDepositsWithFinancialInstitutions | 17us-gaap_InterestIncomeDepositsWithFinancialInstitutions | 62us-gaap_InterestIncomeDepositsWithFinancialInstitutions |
| Interest and dividends on securities: | |||
| Taxable | 15,226us-gaap_InterestIncomeSecuritiesTaxable | 8,202us-gaap_InterestIncomeSecuritiesTaxable | 11,912us-gaap_InterestIncomeSecuritiesTaxable |
| Nontaxable | 13,293us-gaap_InterestIncomeSecuritiesTaxExempt | 8,360us-gaap_InterestIncomeSecuritiesTaxExempt | 7,251us-gaap_InterestIncomeSecuritiesTaxExempt |
| Total interest and dividend income | 274,945us-gaap_InterestAndDividendIncomeOperating | 172,127us-gaap_InterestAndDividendIncomeOperating | 181,863us-gaap_InterestAndDividendIncomeOperating |
| Interest expense: | |||
| Interest on deposits | 11,034us-gaap_InterestExpenseDeposits | 14,097us-gaap_InterestExpenseDeposits | 19,446us-gaap_InterestExpenseDeposits |
| Interest on federal funds purchased | 50us-gaap_InterestExpenseFederalFundsPurchased | 89us-gaap_InterestExpenseFederalFundsPurchased | 50us-gaap_InterestExpenseFederalFundsPurchased |
| Interest on short-term borrowings | 516us-gaap_InterestExpenseShortTermBorrowings | 265us-gaap_InterestExpenseShortTermBorrowings | 234us-gaap_InterestExpenseShortTermBorrowings |
| Interest on long-term borrowings | 8,327us-gaap_InterestExpenseLongTermDebt | 6,050us-gaap_InterestExpenseLongTermDebt | 7,778us-gaap_InterestExpenseLongTermDebt |
| Total interest expense | 19,927us-gaap_InterestExpense | 20,501us-gaap_InterestExpense | 27,508us-gaap_InterestExpense |
| Net interest income | 255,018us-gaap_InterestIncomeExpenseNet | 151,626us-gaap_InterestIncomeExpenseNet | 154,355us-gaap_InterestIncomeExpenseNet |
| Provision for loan losses | 7,800us-gaap_ProvisionForLoanAndLeaseLosses | 6,056us-gaap_ProvisionForLoanAndLeaseLosses | 12,200us-gaap_ProvisionForLoanAndLeaseLosses |
| Net interest income after provision for loan losses | 247,218us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 145,570us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 142,155us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
| Noninterest income: | |||
| Service charges on deposit accounts | 17,721us-gaap_FeesAndCommissionsDepositorAccounts | 9,492us-gaap_FeesAndCommissionsDepositorAccounts | 9,033us-gaap_FeesAndCommissionsDepositorAccounts |
| Other service charges, commissions and fees | 14,983us-gaap_FeesAndCommissionsOther | 8,607us-gaap_FeesAndCommissionsOther | 7,890us-gaap_FeesAndCommissionsOther |
| Fiduciary and asset management fees | 9,036us-gaap_AssetManagementFees1 | 5,183us-gaap_AssetManagementFees1 | 4,324us-gaap_AssetManagementFees1 |
| Gains on sales of mortgage loans, net of commissions | 9,707us-gaap_GainLossOnSalesOfLoansNet | 11,900us-gaap_GainLossOnSalesOfLoansNet | 16,651us-gaap_GainLossOnSalesOfLoansNet |
| Gains on securities transactions, net | 1,695us-gaap_GainLossOnSaleOfSecuritiesNet | 21us-gaap_GainLossOnSaleOfSecuritiesNet | 190us-gaap_GainLossOnSaleOfSecuritiesNet |
| Gains (losses) on sales of bank premises | (184)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (340)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 2us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Bank owned life insurance income | 4,648us-gaap_BankOwnedLifeInsuranceIncome | 2,311us-gaap_BankOwnedLifeInsuranceIncome | 1,950us-gaap_BankOwnedLifeInsuranceIncome |
| Other operating income | 3,681us-gaap_NoninterestIncomeOtherOperatingIncome | 1,554us-gaap_NoninterestIncomeOtherOperatingIncome | 1,028us-gaap_NoninterestIncomeOtherOperatingIncome |
| Total noninterest income | 61,287us-gaap_NoninterestIncome | 38,728us-gaap_NoninterestIncome | 41,068us-gaap_NoninterestIncome |
| Noninterest expenses: | |||
| Salaries and benefits | 107,804us-gaap_LaborAndRelatedExpense | 70,369us-gaap_LaborAndRelatedExpense | 68,648us-gaap_LaborAndRelatedExpense |
| Occupancy expenses | 20,136us-gaap_OccupancyNet | 11,543us-gaap_OccupancyNet | 12,150us-gaap_OccupancyNet |
| Furniture and equipment expenses | 11,872us-gaap_EquipmentExpense | 6,884us-gaap_EquipmentExpense | 7,251us-gaap_EquipmentExpense |
| Printing, postage, and supplies | 4,924us-gaap_SuppliesAndPostageExpense | 2,970us-gaap_SuppliesAndPostageExpense | 2,649us-gaap_SuppliesAndPostageExpense |
| Communications expense | 4,902us-gaap_Communication | 2,681us-gaap_Communication | 3,070us-gaap_Communication |
| Technology and data processing | 12,465us-gaap_InformationTechnologyAndDataProcessing | 7,754us-gaap_InformationTechnologyAndDataProcessing | 7,510us-gaap_InformationTechnologyAndDataProcessing |
| Professional services | 5,594us-gaap_ProfessionalFees | 3,419us-gaap_ProfessionalFees | 3,035us-gaap_ProfessionalFees |
| Marketing and advertising expense | 6,406us-gaap_MarketingAndAdvertisingExpense | 4,312us-gaap_MarketingAndAdvertisingExpense | 5,473us-gaap_MarketingAndAdvertisingExpense |
| FDIC assessment premiums and other insurance | 6,125us-gaap_FederalDepositInsuranceCorporationPremiumExpense | 3,110us-gaap_FederalDepositInsuranceCorporationPremiumExpense | 2,373us-gaap_FederalDepositInsuranceCorporationPremiumExpense |
| Other taxes | 5,784us-gaap_TaxesOther | 3,181us-gaap_TaxesOther | 3,017us-gaap_TaxesOther |
| Loan-related expenses | 2,672ubsh_LoanRelatedExpenses | 2,447ubsh_LoanRelatedExpenses | 2,254ubsh_LoanRelatedExpenses |
| OREO and credit-related expenses | 10,164ubsh_OreoAndRelatedCosts | 4,880ubsh_OreoAndRelatedCosts | 4,639ubsh_OreoAndRelatedCosts |
| Amortization of intangible assets | 9,795us-gaap_AmortizationOfIntangibleAssets | 3,831us-gaap_AmortizationOfIntangibleAssets | 5,336us-gaap_AmortizationOfIntangibleAssets |
| Acquisition and conversion costs | 20,345ubsh_AcquisitionAndConversionCosts | 2,132ubsh_AcquisitionAndConversionCosts | |
| Other expenses | 9,564us-gaap_OtherNoninterestExpense | 7,776us-gaap_OtherNoninterestExpense | 6,074us-gaap_OtherNoninterestExpense |
| Total noninterest expenses | 238,552us-gaap_NoninterestExpense | 137,289us-gaap_NoninterestExpense | 133,479us-gaap_NoninterestExpense |
| Income before income taxes | 69,953us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 47,009us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 49,744us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax expense | 17,362us-gaap_IncomeTaxExpenseBenefit | 12,513us-gaap_IncomeTaxExpenseBenefit | 14,333us-gaap_IncomeTaxExpenseBenefit |
| Net income | $ 52,591us-gaap_NetIncomeLoss | $ 34,496us-gaap_NetIncomeLoss | $ 35,411us-gaap_NetIncomeLoss |
| Earnings per common share, basic | $ 1.14us-gaap_EarningsPerShareBasic | $ 1.38us-gaap_EarningsPerShareBasic | $ 1.37us-gaap_EarningsPerShareBasic |
| Earnings per common share, diluted | $ 1.14us-gaap_EarningsPerShareDiluted | $ 1.38us-gaap_EarningsPerShareDiluted | $ 1.37us-gaap_EarningsPerShareDiluted |
| X | ||||||||||
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- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, severance and employee-related charges, systems integrations; and other related charges as well as other restructuring charges. No definition available.
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| X | ||||||||||
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- Definition
Loan related expenses. No definition available.
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| X | ||||||||||
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- Definition
OREO related costs include foreclosure related expenses, gains/losses on the sale of OREO, valuation reserves, and asset resolution related legal expenses. No definition available.
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of fixed fee revenue for the management of an investment fund portfolio. Excludes investment advisory, distribution and servicing, and performance fees. No definition available.
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| X | ||||||||||
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- Definition
Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense incurred in the period for communication, which is the exchange of information by several methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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| X | ||||||||||
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- Definition
Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gross expenses on the purchase of Federal funds at a specified price with a simultaneous agreement to sell the same to the same counterparty at a fixed or determinable price at a future date. No definition available.
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| X | ||||||||||
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- Definition
Aggregate amount of interest paid or due on all long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenses directly related to the supplies and postage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Taxes, excluding payroll, income and excise taxes, if not included elsewhere, that could include production, real and personal property, and other selling and distribution-related taxes. No definition available.
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