|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
| Operating activities: | |||
| Net income | $ 52,591us-gaap_NetIncomeLoss | $ 34,496us-gaap_NetIncomeLoss | $ 35,411us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities | |||
| Depreciation of bank premises and equipment | 10,742us-gaap_DepreciationAmortizationAndAccretionNet | 6,024us-gaap_DepreciationAmortizationAndAccretionNet | 6,631us-gaap_DepreciationAmortizationAndAccretionNet |
| Writedown of OREO | 7,646ubsh_ValuationExpensesRelatedToOtherRealEstateOwnedProperties | 791ubsh_ValuationExpensesRelatedToOtherRealEstateOwnedProperties | 301ubsh_ValuationExpensesRelatedToOtherRealEstateOwnedProperties |
| Amortization, net | 14,550us-gaap_OtherDepreciationAndAmortization | 12,315us-gaap_OtherDepreciationAndAmortization | 13,887us-gaap_OtherDepreciationAndAmortization |
| (Accretion)/amortization related to acquisition, net | (255)ubsh_AmortizationAccretionDiscountPremiumAcquisitions | 1,585ubsh_AmortizationAccretionDiscountPremiumAcquisitions | 1,579ubsh_AmortizationAccretionDiscountPremiumAcquisitions |
| Provision for loan losses | 7,800us-gaap_ProvisionForLoanAndLeaseLosses | 6,056us-gaap_ProvisionForLoanAndLeaseLosses | 12,200us-gaap_ProvisionForLoanAndLeaseLosses |
| Gains on securities transactions, net | (1,695)us-gaap_GainLossOnSaleOfSecuritiesNet | (21)us-gaap_GainLossOnSaleOfSecuritiesNet | (190)us-gaap_GainLossOnSaleOfSecuritiesNet |
| Deferred tax (benefit) expense | 2,644us-gaap_DeferredIncomeTaxExpenseBenefit | 262us-gaap_DeferredIncomeTaxExpenseBenefit | (195)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Decrease (increase) in loans held for sale, net | 21,530us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale | 114,513us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale | (92,875)us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale |
| (Gains) losses on sales of other real estate owned, net | (1,381)us-gaap_GainsLossesOnSalesOfOtherRealEstate | 461us-gaap_GainsLossesOnSalesOfOtherRealEstate | 631us-gaap_GainsLossesOnSalesOfOtherRealEstate |
| Losses (gains) on sales of bank premises, net | 184us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 340us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (2)us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Stock-based compensation expenses | 979us-gaap_ShareBasedCompensation | 889us-gaap_ShareBasedCompensation | 1,252us-gaap_ShareBasedCompensation |
| Issuance of common stock for services | 713us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 477us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 565us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Net decrease (increase) in other assets | 4,938us-gaap_IncreaseDecreaseInOtherOperatingAssets | (27,422)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (2,173)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Net (decrease) increase in other liabilities | 4,198us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 6,263us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 987us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Net cash and cash equivalents provided by (used in) operating activities | 125,184us-gaap_NetCashProvidedByUsedInOperatingActivities | 157,029us-gaap_NetCashProvidedByUsedInOperatingActivities | (21,991)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | |||
| Purchases of securities available for sale | (411,916)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (300,324)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (160,751)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
| Proceeds from sales of securities available for sale | 289,389us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 43,354us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 18,944us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities |
| Proceeds from maturities, calls and paydowns of securities available for sale | 143,656us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities | 129,942us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities | 168,078us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities |
| Net increase in loans | (74,753)us-gaap_PaymentsForProceedsFromLoansAndLeases | (91,911)us-gaap_PaymentsForProceedsFromLoansAndLeases | (178,639)us-gaap_PaymentsForProceedsFromLoansAndLeases |
| Net increase in bank premises and equipment | (7,124)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease | (4,759)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease | (2,102)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease |
| Proceeds from sales of other real estate owned | 17,808us-gaap_ProceedsFromSaleOfForeclosedAssets | 7,569us-gaap_ProceedsFromSaleOfForeclosedAssets | 13,152us-gaap_ProceedsFromSaleOfForeclosedAssets |
| Improvements to other real estate owned | (686)us-gaap_RealEstateImprovements | (561)us-gaap_RealEstateImprovements | (381)us-gaap_RealEstateImprovements |
| Cash paid for equity-method investments | (60)us-gaap_PaymentsToAcquireEquityMethodInvestments | (2,000)us-gaap_PaymentsToAcquireEquityMethodInvestments | |
| Cash acquired in bank acquisitions | 49,989us-gaap_CashAcquiredFromAcquisition | ||
| Net cash and cash equivalents provided by (used in) investing activities | 6,303us-gaap_NetCashProvidedByUsedInInvestingActivities | (218,690)us-gaap_NetCashProvidedByUsedInInvestingActivities | (141,699)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | |||
| Net increase in noninterest-bearing deposits | 95,664us-gaap_NetChangeNoninterestBearingDepositsDomestic | 45,773us-gaap_NetChangeNoninterestBearingDepositsDomestic | 111,366us-gaap_NetChangeNoninterestBearingDepositsDomestic |
| Net (decrease) increase in interest-bearing deposits | (164,696)us-gaap_NetChangeInterestBearingDepositsDomestic | (106,698)us-gaap_NetChangeInterestBearingDepositsDomestic | 11,296us-gaap_NetChangeInterestBearingDepositsDomestic |
| Net increase in short-term borrowings | 74,211us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 131,685us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 69,275us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
| Net increase (decrease) in long-term borrowings | 2,036us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt | 2,234us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt | (18,566)us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt |
| Cash dividends paid - common stock | (25,494)us-gaap_PaymentsOfDividendsCommonStock | (12,535)us-gaap_PaymentsOfDividendsCommonStock | (8,969)us-gaap_PaymentsOfDividendsCommonStock |
| Repurchase of common stock | (52,599)us-gaap_PaymentsForRepurchaseOfCommonStock | (9,499)us-gaap_PaymentsForRepurchaseOfCommonStock | (14,445)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Issuance of common stock | 1,230us-gaap_ProceedsFromIssuanceOfCommonStock | 927us-gaap_ProceedsFromIssuanceOfCommonStock | 31us-gaap_ProceedsFromIssuanceOfCommonStock |
| Taxes paid related to net share settlement of equity awards | (1,602)ubsh_PaymentsForTaxesPaidOfNetShareSettlementEquityAwards | (105)ubsh_PaymentsForTaxesPaidOfNetShareSettlementEquityAwards | (55)ubsh_PaymentsForTaxesPaidOfNetShareSettlementEquityAwards |
| Net cash and cash equivalents (used in) provided by financing activities | (71,250)us-gaap_NetCashProvidedByUsedInFinancingActivities | 51,782us-gaap_NetCashProvidedByUsedInFinancingActivities | 149,933us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Increase (decrease) in cash and cash equivalents | 60,237us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (9,879)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (13,757)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of the period | 73,023us-gaap_CashAndCashEquivalentsAtCarryingValue | 82,902us-gaap_CashAndCashEquivalentsAtCarryingValue | 96,659us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of the period | 133,260us-gaap_CashAndCashEquivalentsAtCarryingValue | 73,023us-gaap_CashAndCashEquivalentsAtCarryingValue | 82,902us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash payments for: | |||
| Interest | 28,394us-gaap_InterestPaid | 21,013us-gaap_InterestPaid | 27,960us-gaap_InterestPaid |
| Income taxes | 17,500us-gaap_IncomeTaxesPaid | 11,500us-gaap_IncomeTaxesPaid | 14,661us-gaap_IncomeTaxesPaid |
| Supplemental schedule of noncash investing and financing activities | |||
| Unrealized gain (loss) on securities available for sale | 24,996us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss | (20,586)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss | 968us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss |
| Changes in fair value of interest rate swap loss | (2,773)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax | 1,107us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax | (196)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax |
| Transfers between loans and other real estate owned | 2,141us-gaap_TransferToOtherRealEstate | 8,553us-gaap_TransferToOtherRealEstate | 13,621us-gaap_TransferToOtherRealEstate |
| Transfers from bank premises to other real estate owned | 10,929ubsh_TransferBankPremiseToOtherRealEstate | 989ubsh_TransferBankPremiseToOtherRealEstate | 653ubsh_TransferBankPremiseToOtherRealEstate |
| Issuance of common stock in exchange for net assets in acquisition | 549,523us-gaap_StockIssuedDuringPeriodValueAcquisitions | ||
| Transactions Related to Bank Acquisitions | |||
| Assets acquired | 2,957,521us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 | ||
| Liabilities assumed | $ 2,642,120us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 | ||
| X | ||||||||||
|
- Definition
Amortization of discounts and accretion of premiums that related to acquisitions of loans, deposits, and borrowings. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Payments for taxes paid of net share settlement equity awards. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Value of former bank premises transferred to the entity's other real estate in noncash transactions. No definition available.
|
| X | ||||||||||
|
- Definition
Valuation expenses related to other real estate owned properties. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents the pretax change in net unrealized holding gain (loss) on available-for-sale securities that has been included in accumulated other comprehensive income, a separate component of shareholders' equity, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of mortgage loans that are held with the intention to sell or be securitized in the near future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) in interest-bearing deposits domestic. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in domestic noninterest bearing deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
The value of an asset or business acquired in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of [all] liabilities that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The other noncash expense, not otherwise specified in the taxonomy, charged against earnings in the period to allocate the cost of tangible and intangible assets over their remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow for the increase (decrease) in the beginning and end of period of loan and lease balances which are not originated or purchased specifically for resale. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from other long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale assets received in full or partial satisfaction of a receivable including real and personal property; equity interests in corporations, partnerships, and joint ventures; and beneficial interests in trusts. Foreclosed assets also include loans that are treated as if the underlying collateral had been foreclosed because the institution has taken possession of the collateral, even though legal foreclosure or repossession proceedings have not taken place. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase in real estate investments related to improvements for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value transferred from mortgage loans to real estate owned (REO) in noncash transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|