PARENT COMPANY FINANCIAL INFORMATION (Financial Information for the Parent Company - Statements of Cash Flows) (Details) (USD $)
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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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Operating activities: | |||
Net income | $ 52,591,000us-gaap_NetIncomeLoss | $ 34,496,000us-gaap_NetIncomeLoss | $ 35,411,000us-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 | 10,742,000us-gaap_DepreciationAmortizationAndAccretionNet | 6,024,000us-gaap_DepreciationAmortizationAndAccretionNet | 6,631,000us-gaap_DepreciationAmortizationAndAccretionNet |
Acquisition accounting amortization, net | (255,000)ubsh_AmortizationAccretionDiscountPremiumAcquisitions | 1,585,000ubsh_AmortizationAccretionDiscountPremiumAcquisitions | 1,579,000ubsh_AmortizationAccretionDiscountPremiumAcquisitions |
Gains on securities transactions, net | (1,695,000)us-gaap_GainLossOnSaleOfSecuritiesNet | (21,000)us-gaap_GainLossOnSaleOfSecuritiesNet | (190,000)us-gaap_GainLossOnSaleOfSecuritiesNet |
Tax benefit from exercise of equity-based awards | 187,000us-gaap_DeferredTaxExpenseFromStockOptionsExercised | 54,000us-gaap_DeferredTaxExpenseFromStockOptionsExercised | 2,600us-gaap_DeferredTaxExpenseFromStockOptionsExercised |
Issuance of common stock for services | 713,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 477,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 565,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Decrease (increase) in other assets | 4,938,000us-gaap_IncreaseDecreaseInOtherOperatingAssets | (27,422,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (2,173,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Net (decrease) increase in other liabilities | 4,198,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 6,263,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 987,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
Net cash and cash equivalents provided by (used in) operating activities | 125,184,000us-gaap_NetCashProvidedByUsedInOperatingActivities | 157,029,000us-gaap_NetCashProvidedByUsedInOperatingActivities | (21,991,000)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing activities: | |||
Sale of securities available for sale | 289,389,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 43,354,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 18,944,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities |
Net decrease (increase) in bank premises and equipment | (7,124,000)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease | (4,759,000)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease | (2,102,000)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease |
Payments for equity method investment | (60,000)us-gaap_PaymentsToAcquireEquityMethodInvestments | (2,000,000)us-gaap_PaymentsToAcquireEquityMethodInvestments | |
Cash received in acquisitions | 49,989,000us-gaap_CashAcquiredFromAcquisition | ||
Net cash and cash equivalents provided by (used in) investing activities | 6,303,000us-gaap_NetCashProvidedByUsedInInvestingActivities | (218,690,000)us-gaap_NetCashProvidedByUsedInInvestingActivities | (141,699,000)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Financing activities: | |||
Payments on long-term borrowings | 2,036,000us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt | 2,234,000us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt | (18,566,000)us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt |
Cash dividends paid | (25,494,000)us-gaap_PaymentsOfDividendsCommonStock | (12,535,000)us-gaap_PaymentsOfDividendsCommonStock | (8,969,000)us-gaap_PaymentsOfDividendsCommonStock |
Net cash and cash equivalents (used in) provided by financing activities | (71,250,000)us-gaap_NetCashProvidedByUsedInFinancingActivities | 51,782,000us-gaap_NetCashProvidedByUsedInFinancingActivities | 149,933,000us-gaap_NetCashProvidedByUsedInFinancingActivities |
Increase (decrease) in cash and cash equivalents | 60,237,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (9,879,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (13,757,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of the period | 73,023,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 82,902,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 96,659,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of the period | 133,260,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 73,023,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 82,902,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental schedule of noncash investing and financing activities | |||
Issuance of common stock in exchange for net assets in acquisition | 549,523,000us-gaap_StockIssuedDuringPeriodValueAcquisitions | ||
Transactions Related to Bank Acquisitions | |||
Assets acquired | 2,957,521,000us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 | ||
Liabilities assumed | 2,642,120,000us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 | ||
Parent Company [Member] | |||
Operating activities: | |||
Net income |
52,591,000us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
34,496,000us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
35,411,000us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities | |||
Equity in undistributed net income from subsidiaries |
15,482,000ubsh_EquityInUndistributedNetIncomeLossOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(7,685,000)ubsh_EquityInUndistributedNetIncomeLossOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(15,158,000)ubsh_EquityInUndistributedNetIncomeLossOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Depreciation of bank premises and equipment |
464,000us-gaap_DepreciationAmortizationAndAccretionNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
468,000us-gaap_DepreciationAmortizationAndAccretionNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
473,000us-gaap_DepreciationAmortizationAndAccretionNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Acquisition accounting amortization, net |
224,000ubsh_AmortizationAccretionDiscountPremiumAcquisitions / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Issuance of common stock for services |
713,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
477,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
565,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Decrease (increase) in other assets |
2,964,000us-gaap_IncreaseDecreaseInOtherOperatingAssets / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(2,069,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(756,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net (decrease) increase in other liabilities |
(7,286,000)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
1,737,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
2,781,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net cash and cash equivalents provided by (used in) operating activities |
65,152,000us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
27,424,000us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
23,316,000us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Investing activities: | |||
Net decrease (increase) in bank premises and equipment |
863,000us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(23,000)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Payments for equity method investment |
(60,000)us-gaap_PaymentsToAcquireEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(2,000,000)us-gaap_PaymentsToAcquireEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Cash received in acquisitions |
4,735,000us-gaap_CashAcquiredFromAcquisition / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Net cash and cash equivalents provided by (used in) investing activities |
5,538,000us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(2,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(23,000)us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Financing activities: | |||
Advances on short-term borrowings |
8,000,000us-gaap_ProceedsFromShortTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Payments on long-term borrowings |
(625,000)us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(625,000)us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(625,000)us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Cash dividends paid |
(25,494,000)us-gaap_PaymentsOfDividendsCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(12,535,000)us-gaap_PaymentsOfDividendsCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(8,969,000)us-gaap_PaymentsOfDividendsCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net issuance (repurchase) common stock |
(52,971,000)ubsh_ProceedsFromIssuancesPaymentsForRepurchasesOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(8,677,000)ubsh_ProceedsFromIssuancesPaymentsForRepurchasesOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(14,469,000)ubsh_ProceedsFromIssuancesPaymentsForRepurchasesOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net cash and cash equivalents (used in) provided by financing activities |
(71,090,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(21,837,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(24,063,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Increase (decrease) in cash and cash equivalents |
(400,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
3,587,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(770,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Cash and cash equivalents at beginning of the period |
10,092,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
6,505,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
7,275,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Cash and cash equivalents at end of the period |
9,692,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
10,092,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
6,505,000us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Supplemental schedule of noncash investing and financing activities | |||
Issuance of common stock in exchange for net assets in acquisition |
549,523,000us-gaap_StockIssuedDuringPeriodValueAcquisitions / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Transactions Related to Bank Acquisitions | |||
Assets acquired |
2,957,521,000us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Liabilities assumed |
$ 2,642,120,000us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Amortization of discounts and accretion of premiums that related to acquisitions of loans, deposits, and borrowings. No definition available.
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Equity in undistributed net income loss of subsidiaries. No definition available.
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The net cash inflow (outflow) from issuances and (repurchases) of common stock during the period. No definition available.
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- 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
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- 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
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- 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
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- Definition
Amount of deferred tax expense from write-off of the deferred tax asset related to deductible stock options at exercise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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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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- 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
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- 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
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- 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
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- 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
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- 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
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- 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
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- Details
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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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- 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
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- 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
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- 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
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- 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
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- Definition
Amount of cash inflow (outflow) from other long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition
The cash inflow from a 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
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- 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.
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- Definition
Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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