United Bankshares, Inc
(NASDAQ:UBSI)

United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; indi...

Website: http://www.ubsi-inc.com

Founded: 1839

Full Time Employees: 3,137

Sector: Financial Services

Industry: Banks-Regional

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2013-09-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2011-09-30	2005-03-31	2004-09-30	2002-09-30	2002-06-30

interest income
interest and fees on loans	367,950,000	275,168,250	378,193,000	370,644,000	351,836,000	244,693,750	331,531,000	326,253,000	320,991,000	220,613,250	308,199,000	294,358,000	279,896,000	150,625,750	225,501,000	196,165,000	180,837,000			182,741,000	188,673,000		179,311,000	158,854,000	165,149,000	175,130,000	164,269,000	164,229,000	159,294,000	148,928,000	159,877,000	155,819,000	140,899,000	108,942,000	115,802,000	112,273,000	103,329,000	99,334,000	98,529,000	97,331,000	96,704,000	95,149,000	101,999,000	97,874,000	96,175,000	71,264,000	70,822,000	71,823,000	75,670,000	75,658,000	77,632,000	63,066,000	57,727,000	65,278,000	63,891,000
interest on federal funds sold and other short-term investments	20,710,000	23,288,000	24,053,000	22,633,000	23,726,000	21,876,000	19,241,000	12,787,000	12,303,000	11,570,000	11,810,000	12,706,000	10,983,000	8,946,000	6,834,000	4,841,000	2,329,000	2,536,000	2,548,000	1,757,000	1,893,000	2,060,000	1,868,000	3,965,000	6,236,000	5,405,000	5,401,000	5,485,000	3,465,000	4,917,000	4,690,000	4,874,000	3,785,000	2,686,000	1,124,000	1,107,000	642,000	622,000	503,000	461,000	350,000	331,000	298,000	241,000	248,000	157,000	160,000	129,000	415,000	343,000	366,000	126,000	168,000	61,000	83,000
interest and dividends on securities:
taxable	26,082,000	26,139,000	27,509,000	26,706,000	26,911,000	29,244,000	30,797,000	33,968,000	34,722,000	35,710,000	35,730,000	36,721,000	36,259,000	34,568,000	29,149,000	24,558,000	17,505,000	14,307,000	12,999,000	13,846,000	13,526,000	14,448,000	16,241,000	16,969,000	18,168,000	17,748,000	16,594,000	13,994,000	13,810,000	11,875,000	10,489,000	9,406,000	8,809,000	8,011,000	7,629,000	8,764,000	8,257,000	7,707,000	7,354,000	7,619,000	7,582,000	8,189,000	8,557,000	7,873,000	7,467,000	4,585,000	3,776,000	3,612,000	4,134,000	4,864,000	5,686,000	14,006,000	13,804,000	18,742,000	18,339,000
tax-exempt	1,187,000	1,187,000	1,202,000	1,213,000	1,174,000	1,085,000	1,154,000	1,176,000	1,164,000	1,162,000	1,171,000	2,147,000	2,165,000	2,147,000	2,199,000	2,207,000	2,124,000	1,967,000	1,838,000	1,842,000	1,565,000	1,495,000	1,297,000	694,000	798,000	962,000	1,236,000	1,322,000	1,431,000	1,465,000	1,462,000	1,484,000	1,454,000	1,119,000	1,066,000	993,000	859,000	833,000	854,000	898,000	896,000	880,000	868,000	869,000	909,000	699,000	727,000	761,000	886,000	923,000	1,017,000	2,078,000	2,094,000	2,332,000	2,425,000
total interest income	415,929,000	430,053,000	430,957,000	421,196,000	403,647,000	376,034,000	382,723,000	374,184,000	369,180,000	369,175,000	356,910,000	345,932,000	329,303,000	307,741,000	263,683,000	227,771,000	202,795,000	195,194,000	194,080,000	200,186,000	205,657,000	210,269,000	198,717,000	180,482,000	190,351,000	199,245,000	187,500,000	185,030,000	178,000,000	167,185,000	176,518,000	171,583,000	154,947,000	120,758,000	125,621,000	123,137,000	113,087,000	108,496,000	107,240,000	106,309,000	105,532,000	104,549,000	111,722,000	106,857,000	104,799,000	76,705,000	75,485,000	76,325,000	81,105,000	81,788,000	84,701,000	79,276,000	73,793,000	86,413,000	84,738,000
interest expense
interest on deposits	126,728,000	135,602,000	143,445,000	139,156,000	136,288,000	135,690,000	143,313,000	132,425,000	128,377,000	122,132,000	108,793,000	91,577,000	68,592,000	44,265,000	17,660,000	9,751,000	8,561,000	8,820,000	9,803,000	11,012,000	11,985,000	17,726,000	19,249,000	27,477,000	36,368,000	35,455,000	30,406,000	26,368,000	19,076,000	15,657,000	14,445,000	14,227,000	12,586,000	8,468,000	7,847,000	7,723,000	6,670,000	6,885,000	7,197,000	7,145,000	6,796,000	6,885,000	6,968,000	7,077,000	7,015,000	6,569,000	6,857,000	6,977,000	8,315,000	8,617,000	9,667,000	14,687,000	12,312,000	19,185,000	20,276,000
interest on short-term borrowings	1,439,000	1,443,000	1,420,000	1,488,000	1,450,000	1,630,000	2,048,000	2,206,000	2,082,000	1,998,000	1,805,000	1,489,000	1,157,000	874,000	493,000	237,000	181,000	166,000	167,000	182,000	178,000	172,000	196,000	458,000	539,000	608,000	742,000	618,000	464,000	421,000	430,000	430,000	415,000	304,000	452,000	553,000	365,000	214,000	181,000	213,000	209,000	231,000	223,000	234,000	324,000	276,000	218,000	200,000	66,000	59,000	53,000	3,414,000	1,534,000	2,732,000	2,405,000
interest on long-term borrowings	5,247,000	5,551,000	5,977,000	6,015,000	5,854,000	6,106,000	7,106,000	13,838,000	16,232,000	15,355,000	17,859,000	25,405,000	25,234,000	13,198,000	4,908,000	2,880,000	2,551,000	2,530,000	2,531,000	2,475,000	2,534,000	6,707,000	8,670,000	11,029,000	11,526,000	12,629,000	9,647,000	9,269,000	9,338,000	7,064,000	6,787,000	6,650,000	5,701,000	4,366,000	4,069,000	3,792,000	3,327,000	3,113,000	2,707,000	2,633,000	2,625,000	2,684,000	3,975,000	3,628,000	3,528,000	2,230,000	2,207,000	2,326,000	3,669,000	4,146,000	4,229,000	8,185,000	7,778,000	10,760,000	10,641,000
total interest expense	133,414,000	142,596,000	150,842,000	146,659,000	143,592,000	143,426,000	152,467,000	148,469,000	146,691,000	139,485,000	128,457,000	118,471,000	94,983,000	58,337,000	23,061,000	12,868,000	11,293,000	11,516,000	12,501,000	13,669,000	14,697,000	24,605,000	28,115,000	38,964,000	48,433,000	48,692,000	40,795,000	36,255,000	28,878,000	23,142,000	21,662,000	21,307,000	18,702,000	13,138,000	12,368,000	12,068,000	10,362,000	10,212,000	10,085,000	9,991,000	9,630,000	9,800,000	11,166,000	10,939,000	10,867,000	9,075,000	9,282,000	9,503,000	12,050,000	12,822,000	13,949,000	26,286,000	21,624,000	32,677,000	33,322,000
net interest income	282,515,000	287,457,000	280,115,000	274,537,000	260,055,000	232,608,000	230,256,000	225,715,000	222,489,000	229,690,000	228,453,000	227,461,000	234,320,000	249,404,000	240,622,000	214,903,000	191,502,000	183,678,000	181,579,000	186,517,000	190,960,000	185,664,000	170,602,000	141,518,000	141,918,000	150,553,000	146,705,000	148,775,000	149,122,000	144,043,000	154,856,000	150,276,000	136,245,000	107,620,000	113,253,000	111,069,000	102,725,000	98,284,000	97,155,000	96,318,000	95,902,000	94,749,000	100,556,000	95,918,000	93,932,000	67,630,000	66,203,000	66,822,000	69,055,000	68,966,000	70,752,000	52,990,000	52,169,000	53,736,000	51,416,000
provision for credit losses	7,776,000	6,779,000	12,095,000	5,889,000		4,615,500	6,943,000		5,740,000	6,875,000	5,948,000		6,890,000	16,368,000	7,671,000	-1,807,000	-3,410,000			-8,879,000	143,000
net interest income after provision for credit losses	274,739,000	280,678,000	268,020,000	268,648,000		164,999,500	223,313,000		216,749,000	222,815,000	222,505,000		227,430,000	233,036,000	232,951,000	216,710,000	194,912,000			195,396,000	190,817,000
other income	1,336,000	2,084,000	2,387,000	2,101,000	618,000	1,934,000	1,641,000	1,955,000	2,191,000	5,193,000	2,123,000	2,329,000	1,411,000	2,460,000	1,515,000	1,838,000	1,525,000	2,220,000	1,329,000	2,449,000	2,006,000	617,000	547,000	724,000	325,000	310,000	361,000	419,000	544,000	443,000	413,000	311,000	954,000	361,000	289,000	249,000	430,000	371,000	454,000	236,000	339,000	404,000	-175,000	404,000	400,000	542,000	861,000	876,000	648,000	658,000	1,272,000	1,289,000	1,737,000	1,292,000	463,000
fees from trust services	4,857,000	5,079,000	4,970,000	4,931,000	4,782,000	5,156,000	4,904,000	4,744,000	4,646,000	4,508,000	4,514,000	4,516,000	4,780,000	4,411,000	4,384,000	4,294,000	4,127,000	4,327,000	4,269,000	4,193,000	3,763,000	3,574,000	3,261,000	3,483,000	3,574,000	3,438,000	3,385,000	3,350,000	3,104,000	3,091,000
fees from brokerage services	7,403,000	5,958,000	6,264,000	4,862,000	5,645,000	4,978,000	5,073,000	4,959,000	5,267,000	4,360,000	4,433,000	3,918,000	4,200,000	3,729,000	4,016,000	4,115,000	4,552,000	3,699,000	3,883,000	3,654,000	4,323,000	3,066,000	2,651,000	2,916,000	2,378,000	2,766,000	2,383,000	2,787,000	1,953,000	2,224,000
fees from deposit services	9,577,000	9,879,000	10,145,000	9,664,000	9,307,000	9,473,000	9,413,000	9,326,000	8,971,000	9,107,000	9,282,000	9,325,000	9,362,000	9,510,000	10,069,000	10,830,000	10,148,000	10,509,000	9,888,000	9,396,000	8,896,000	9,320,000	8,055,000	7,957,000	8,702,000	8,464,000	8,650,000	8,673,000	8,420,000	8,230,000	8,644,000	8,744,000	8,528,000	7,706,000	8,189,000	8,306,000	8,390,000	7,973,000	8,696,000	9,059,000	10,434,000	9,773,000	10,777,000	11,134,000	10,902,000	10,341,000	10,208,000	9,624,000	10,393,000	10,312,000	10,462,000
bankcard fees and merchant discounts	1,977,000	2,202,000	1,858,000	2,102,000	1,751,000	2,056,000	1,775,000	1,355,000	1,873,000	1,923,000	1,676,000	1,707,000	1,707,000	1,673,000	1,857,000	1,671,000	1,379,000	1,580,000	1,473,000	1,368,000	1,064,000	1,226,000	718,000	993,000	1,262,000	1,102,000	784,000	1,549,000	1,479,000	1,356,000	1,363,000	1,332,000	1,216,000	884,000	1,461,000	1,551,000	1,365,000	838,000	1,498,000	1,243,000	1,231,000	814,000	1,233,000	1,101,000	1,127,000	1,003,000	899,000	797,000	738,000	647,000	1,237,000
other service charges, commissions, and fees	1,099,000	1,211,000	1,183,000	1,154,000	1,081,000	868,000	890,000	869,000	858,000	924,000	850,000	949,000	1,138,000	805,000	918,000	785,000	759,000	753,000	703,000	775,000	759,000	715,000	610,000	518,000	568,000	576,000	588,000	532,000	599,000	509,000	524,000	535,000	521,000	477,000	334,000	500,000	796,000	429,000	497,000	527,000	639,000	478,000	508,000	512,000	602,000	599,000	626,000	561,000	600,000	577,000	455,000
income from bank-owned life insurance	2,994,000	2,751,000	3,460,000	3,618,000	3,370,000	3,226,000	3,032,000	2,549,000	2,418,000	1,855,000	2,562,000	2,022,000	1,891,000	1,402,000	1,472,000	4,120,000	2,194,000	1,223,000	2,556,000	1,658,000	1,403,000	2,059,000	1,291,000	2,388,000	1,280,000	1,326,000	1,269,000	1,251,000	1,271,000	1,254,000	1,232,000	1,403,000	1,258,000	1,217,000	881,000	2,541,000	1,192,000	1,180,000	1,792,000	1,234,000	1,258,000	1,273,000	1,279,000	1,325,000	1,445,000	1,138,000	1,185,000	2,389,000	1,255,000	1,289,000	1,544,000
income from mortgage banking activities	2,555,000	1,990,000	2,495,000	2,603,000	2,479,000	2,314,000	4,544,000	3,901,000	5,298,000	4,746,000	7,556,000	7,907,000	6,384,000	4,620,000	6,422,000	12,445,000	19,203,000	27,342,000	42,012,000	36,943,000	65,395,000	109,457,000	68,213,000	17,631,000	24,019,000	21,704,000	11,570,000	13,277,000	18,692,000	14,570,000	10,899,250	20,385,000	22,537,000
net investment securities gains	2,265,000	-218,000	10,442,000	425,000	521,000					276,000	-181,000	-7,336,000				1,182,000	-251,000	-39,000	82,000	24,000	2,609,000	860,000	1,510,000	196,000	116,000	109,000	-1,926,000	-152,000	-55,000	-485,000	430,000	467,000	747,000	3,940,000	62,000	1,000	213,000	4,000	29,000	111,000	3,000	12,000	-910,000	-3,405,000	-420,000	101,000	211,000
total other income	34,063,000	30,936,000	43,204,000	31,460,000	29,554,000	29,318,000	31,942,000	30,223,000	32,212,000	33,675,000	33,661,000	35,178,000	32,744,000	30,879,000	32,749,000	43,608,000	46,023,000	54,049,000	68,624,000	62,846,000	92,573,000	135,468,000	88,390,000	36,806,000	42,224,000	39,795,000	29,827,000	31,686,000	36,007,000	31,192,000	32,764,000	38,229,000	40,506,000	20,146,000	16,652,000	19,021,000	17,967,000	16,392,000	18,125,000	17,812,000	19,498,000	18,191,000	18,988,000	16,319,000	19,135,000	18,335,000	19,099,000	18,348,000	16,587,000	16,326,000	10,978,000	12,919,000	13,864,000	18,729,000	17,270,000
other expense	39,013,000	40,805,000	33,723,000	37,257,000		23,659,500	31,764,000		31,957,000	39,977,000	30,685,000		34,651,000	37,068,000	32,874,000	35,563,000	32,921,000			26,788,000	27,852,000						14,120,500	19,189,000	18,942,000
employee compensation	63,493,000	64,167,000	64,092,000	62,929,000	60,866,000	58,343,000	58,481,000	58,501,000	59,293,000	57,829,000	59,064,000	58,502,000	55,414,000	57,537,000	59,618,000	62,632,000	62,621,000	71,542,000	67,459,000	68,557,000	72,412,000	84,455,000	68,664,000	44,541,000	46,313,000	44,301,000	39,200,000	41,312,000	43,120,000	40,836,000	41,007,000	44,308,000	55,461,000	23,471,000	24,158,000	24,213,000	22,631,000	22,279,000	24,431,000	22,700,000	20,724,000	20,268,000	22,097,000	22,173,000	21,546,000	17,269,000	16,957,000	16,604,000	17,965,000	17,907,000	16,970,000
employee benefits	15,980,000	12,967,000	14,641,000	13,434,000	13,291,000	13,719,000	13,084,000	12,147,000	14,671,000	9,771,000	12,926,000	12,236,000	13,435,000	10,296,000	10,750,000	12,047,000	12,851,000	10,819,000	13,132,000	14,470,000	15,450,000	13,202,000	12,779,000	10,786,000	8,615,000	8,578,000	8,658,000	8,645,000	9,298,000	9,571,000	9,771,000	9,578,000	10,329,000	7,465,000	7,585,000	7,483,000	7,294,000	6,603,000	7,005,000	6,690,000	6,588,000	6,803,000	4,890,000	4,753,000	5,190,000	5,842,000	5,675,000	5,993,000	5,823,000	5,192,000	4,361,000
net occupancy expense	13,013,000	12,180,000	12,488,000	12,525,000	12,601,000	11,070,000	11,271,000	11,400,000	12,343,000	11,690,000	11,494,000	11,409,000	11,833,000	11,455,000	11,281,000	11,206,000	11,187,000	10,653,000	10,339,000	10,101,000	10,941,000	10,944,000	10,318,000	9,062,000	8,698,000	8,667,000	8,686,000	9,273,000	9,076,000	9,427,000	9,006,000	9,364,000	13,913,000	6,784,000	6,584,000	6,919,000	7,773,000	6,253,000	5,576,000	5,654,000	6,542,000	6,529,000	6,447,000	6,400,000	6,514,000	4,931,000	4,821,000	5,191,000	5,321,000	5,042,000	5,051,000	3,095,000	3,026,000	3,252,000	3,421,000
other real estate owned (“oreo”) expense	475,000	433,000	201,000	236,000	22,000	45,000	104,000	268,000	159,000	188,000	185,000	315,000	667,000	202,000	1,708,000	46,000	147,000	1,004,000	387,000	372,000	3,625,000	1,166,000	607,000
net gains on the sales of oreo properties					-11,000				-83,000				-43,000			-454,000
equipment expense	8,740,000	9,244,000	8,540,000	8,551,000	8,582,000	7,474,000	7,811,000	7,548,000	6,853,000	7,539,000	7,170,000	8,026,000	6,996,000	6,868,000	7,807,000	7,310,000	7,335,000	6,819,000	7,286,000	5,830,000	6,044,000	5,616,000	5,004,000	3,845,000	3,698,000	3,675,000	3,518,000	3,892,000	3,279,000	3,157,000	3,035,000	3,057,000	2,471,000	1,965,000	2,460,000	2,097,000	2,058,000	2,007,000	2,289,000	2,601,000	2,020,000	2,124,000	3,047,000	2,376,000	2,241,000	1,960,000	1,711,000	1,699,000	2,413,000	1,936,000	2,230,000
data processing expense	7,001,000	8,080,000	8,135,000	7,952,000	8,455,000	7,437,000	7,456,000	7,290,000	7,463,000	7,261,000	7,405,000	7,256,000	7,473,000	7,463,000	7,614,000	7,549,000	7,371,000	10,852,000	6,612,000	6,956,000	7,026,000	6,708,000	15,926,000	5,506,000	5,776,000	5,567,000	6,065,000	6,068,000	5,817,000	5,850,000	6,048,000	5,597,000	5,331,000	4,043,000	4,276,000	3,857,000	3,596,000	3,551,000	3,675,000	3,582,000	3,867,000	3,743,000	3,844,000	3,785,000	3,589,000	2,880,000	2,813,000	2,731,000	2,639,000	3,209,000	2,941,000
bankcard processing expense	623,000	578,000	576,000	588,000	600,000	611,000	661,000	602,000	616,000	575,000	559,000	536,000	522,000	517,000	509,000	488,000	424,000	406,000	422,000	478,000	400,000	450,000	392,000	477,000	474,000	448,000	540,000	485,000	480,000	466,000	453,000	449,000	442,000	465,000	459,000	480,000	435,000	368,000	413,000	390,000	353,000	349,000	369,000	350,000	348,000	331,000	331,000	326,000	318,000	299,000	274,000
fdic insurance expense	4,476,000	3,417,000	4,345,000	4,532,000	4,728,000	3,884,000	4,338,000	5,058,000	6,455,000	16,621,000	4,598,000	4,570,000	4,587,000	3,248,000	3,063,000	3,004,000	2,673,000	2,626,000	1,920,000	1,800,000	2,000,000	2,700,000	2,782,000	2,400,000	465,000	3,300,000	3,244,000	3,530,000	2,842,000	1,848,000	1,989,000	1,540,000	1,771,000	1,751,000	2,207,000	2,086,000	2,135,000	2,120,000	2,114,000	2,098,000	2,061,000	2,094,000	2,006,000	1,981,000	2,071,000	1,539,000	1,564,000	1,559,000	1,495,000	1,555,000	2,308,000
total other expense	152,814,000	151,718,000	146,741,000	148,020,000		102,713,750	135,339,000		140,742,000	152,287,000	135,230,000		137,419,000	137,542,000	137,196,000	141,174,000	139,173,000			138,951,000	148,927,000						69,294,250	93,315,000	93,410,000
income before income taxes	155,988,000	159,896,000	164,483,000	152,088,000	106,933,000	121,059,000	119,916,000	115,385,000	108,219,000	104,203,000	120,936,000	115,911,000	122,755,000	126,373,000	128,504,000	119,144,000	101,762,000	93,343,000	115,756,000	119,291,000	134,463,000	132,758,000	63,707,000	50,072,000	82,975,000	84,736,000	79,707,000	82,338,000	85,515,000	79,605,000	84,865,000	84,574,000	56,363,000	59,025,000	61,578,000	60,325,000	48,170,000	52,585,000	50,340,000	51,264,000	51,954,000	49,931,000	49,638,000	49,642,000	49,622,000	32,603,000	31,795,000	31,734,000	30,954,000	30,897,000	29,220,000			31,945,000	32,182,000
income taxes	31,788,000	31,068,000	33,735,000	31,367,000	22,627,000	26,651,000	24,649,000	18,878,000	21,405,000	24,813,000	24,779,000	23,452,000	24,448,000	26,608,000	25,919,000	23,531,000	20,098,000	19,491,000	23,604,000	24,455,000	27,565,000	28,974,000	11,021,000	9,889,000	17,010,000	17,529,000	15,757,000	17,926,000	19,241,000	17,899,000	66,890,000	27,836,000	19,304,000	20,216,000	22,472,000	18,846,000	16,378,000	17,879,000	16,864,000	16,217,000	17,145,000	15,304,000	16,381,000	16,382,000	16,375,000	10,433,000	9,576,000	10,155,000	9,905,000	9,887,000	9,204,000	11,297,000	5,734,000	9,592,000	9,976,000
net income	124,200,000	128,828,000	130,748,000	120,721,000	84,306,000	94,408,000	95,267,000	96,507,000	86,814,000	79,390,000	96,157,000	92,459,000	98,307,000	99,765,000	102,585,000	95,613,000	81,664,000	73,852,000	92,152,000	94,836,000	106,898,000	103,784,000	52,686,000	40,183,000	65,965,000	67,207,000	63,950,000	64,412,000	66,274,000	61,706,000	17,975,000	56,738,000	37,059,000	38,809,000	39,106,000	41,479,000	31,792,000	34,706,000	33,476,000	35,047,000	34,809,000	34,627,000	33,257,000	33,260,000	33,247,000	22,170,000	22,219,000	21,579,000	21,049,000	21,010,000	20,016,000	24,760,000	24,544,000	22,353,000	22,206,000
yoy	47.32%	36.46%	37.24%	25.09%	-2.89%	18.92%	-0.93%	4.38%	-11.69%	-20.42%	-6.27%	-3.30%	20.38%	35.09%	11.32%	0.82%	-23.61%	-28.84%	74.91%	136.01%	62.05%	54.42%	-17.61%	-37.62%	-0.47%	8.91%	255.77%	13.53%	78.83%	59.00%	-54.04%	36.79%	16.57%	11.82%	16.82%	18.35%	-8.67%	0.23%	0.66%	5.37%	4.70%	56.19%	49.68%	54.13%	57.95%	5.52%	11.01%	-12.85%	-14.24%	-6.01%	-9.86%
qoq	-3.59%	-1.47%	8.31%	43.19%	-10.70%	-0.90%	-1.28%	11.17%	9.35%	-17.44%	4.00%	-5.95%	-1.46%	-2.75%	7.29%	17.08%	10.58%	-19.86%	-2.83%	-11.28%	3.00%	96.99%	31.12%	-39.08%	-1.85%	5.09%	-0.72%	-2.81%	7.40%	243.29%	-68.32%	53.10%	-4.51%	-0.76%	-5.72%	30.47%	-8.40%	3.67%	-4.48%	0.68%	0.53%	4.12%	-0.01%	0.04%	49.96%	-0.22%	2.97%	2.52%	0.19%	4.97%	-19.16%	0.88%	9.80%	0.66%
mortgage loan servicing income						1,000	7,385,000	783,000	789,000	783,000	846,000	9,841,000	2,276,000	2,218,000	2,302,000	2,328,000	2,387,000	2,435,000	2,429,000	2,386,000	2,355,000	2,345,000	1,534,000
net losses on the sales of oreo properties		1,250		16,000		-21,250	-34,000			-126,000	93,000			1,062,000	125,000
mortgage loan servicing expense and impairment						265,000	403,000	1,011,000	1,015,000	962,000	1,051,000	1,699,000	1,884,000	1,826,000	1,847,000	1,783,000	1,643,000	2,217,000	3,253,000	3,599,000	3,177,000	3,301,000	2,510,000
benefit from credit losses					29,103,000			5,779,000				11,440,000						-4,141,250	-7,829,000			16,781,000	45,911,000	27,119,000																												1,111,000	1,296,000
net interest income after benefit from credit losses					230,952,000			219,936,000				216,021,000						143,905,250	189,408,000			168,883,000	124,691,000	114,399,000																											67,115,000	51,879,000	50,873,000
net investment securities losses						-1,758,000	-6,715,000	-218,000	-99,000				-405,000																																			-694,000	-1,543,000	-1,459,000	-7,477,000
net incomees (gains) on the sales of oreo properties								32,000				16,000
net investment securities (losses) gains														181,250	-206,000
interest and fees on loans and leases																		176,384,000	176,695,000			192,266,000
net gain on the sale of bank premises																						2,229,000																					2,244,000
fhlb prepayment penalties																						10,385,000				5,105,000
earnings per common share:
basic																					830	800	440	400			2,458.16	0.62	630	590																						580		530	520
diluted																					830	800	440	400			2,448.17	0.62	630	590																						570		520	510
average outstanding shares:
basic																					128,635,740,000	129,373,154,000	119,823,652,000	101,295,073,000			103,911,593,906	103,617,590	104,682,910,000	104,859,427,000																						42,900,416,000		42,419,925,000	42,691,886,000
diluted																					128,890,861,000	129,454,966,000	119,887,823,000	101,399,181,000			104,194,145,124	103,933,959	104,952,788,000	105,162,858,000																						43,418,579,000		43,103,509,000	43,391,049,000
other real estate owned (oreo) expense																								906,000	1,837,000	633,000	1,021,000	921,000	556,000	946,000	1,352,000	2,713,000	524,000	1,414,000	1,190,000	1,342,000	2,663,000	649,000	610,000	769,000	1,121,000	1,113,000	2,772,000	1,818,000	1,037,000	1,535,000	2,330,000	1,270,000	2,160,000	2,328,000	2,129,000
benefit from loan losses																									5,033,000	5,417,000				5,178,000	6,977,000	7,279,000	8,251,000	5,899,000	5,819,000	6,988,000	7,667,000	4,035,000	6,322,000	5,182,000	5,716,000	5,354,000	6,309,000	4,748,000	6,201,000	4,777,000	4,960,000	5,187,000	3,436,000	4,133,000	3,637,000			1,823,000	1,675,000
net interest income after benefit from loan losses																									136,885,000	145,136,000				138,865,000	147,879,000	142,997,000	127,994,000	101,721,000	107,434,000	104,081,000	95,058,000	94,249,000	90,833,000	91,136,000	90,186,000	89,395,000	94,247,000	91,170,000	87,731,000	62,853,000	61,243,000	61,635,000	65,619,000	64,833,000				51,913,000	49,741,000
provision for loan losses																											4,047,500	4,808,000	6,204,000
net interest income after provision for loan losses																											106,437,500	143,967,000	142,918,000
dividends per common share																											1,358.98	0.34	340	340																						260		240	230
fees from trust and brokerage services																															4,848,000	5,052,000	4,745,000	4,886,000	4,485,000	4,891,000	4,792,000	4,869,000	4,525,000	4,737,000	4,931,000	4,892,000	4,433,000	4,474,000	4,641,000	4,006,000	4,370,000	3,830,000	4,013,000	3,984,000	3,280,000	2,758,000	2,837,000
total other-than-temporary impairment losses																																	-16,000				339,000		-13,000				1,450,000	-561,000			-137,000		-2,639,000		-3,453,000
portion of loss recognized in other comprehensive income																																					-372,000					66,000	-2,154,000	-4,153,000	-421,000			-1,256,000	897,000	-631,000	-4,469,000
net other-than-temporary impairment losses																																	-16,000	-44,000			-33,000		-13,000			-34,000	-704,000	-4,714,000	-421,000		-137,000	-834,000	-1,742,000	-1,377,000	-7,922,000
net gains on sales/calls of investment securities																															430,000	467,000	763,000	3,984,000	62,000	1,000	246,000	4,000	42,000	111,000	3,000	46,000	1,232,000	1,309,000	1,000	101,000	348,000	140,000	199,000	-82,000	445,000
income from mortgage banking																																		675,000	951,000	982,000	789,000	728,000	634,000	665,000	663,000	545,000	405,000	774,000	438,000	605,000	739,000	965,000	483,000	318,000	205,000
total other-than-temporary impairments																																		-44,000								-100,000						422,000		-746,000
income from mortgage banking operations																																																				126,000	148,000	11,203,000	7,148,000
service charges, commissions, and fees																																																				7,822,000	8,867,000	8,299,000	7,833,000
security gains																																																				924,000	275,000
salaries and employee benefits																																																				14,066,000	15,328,000	21,595,000	19,158,000
income from continuing operations before income taxes																																																				36,057,000	18,485,000
income from continuing operations																																																				24,760,000	12,751,000
income from discontinued operations before income taxes																																																					17,092,000
income from discontinued operations																																																					11,793,000
earnings per common share from continuing operations:
basic																					830	800	440	400			2,458.16	0.62	630	590																						580		530	520
diluted																					830	800	440	400			2,448.17	0.62	630	590																						570		520	510
earnings per common share from discontinued operations:
earnings per common share:
prepayment penalties on fhlb advances																																																					16,006,000
gain on sale of discontinued operations																																																					17,000,000
other operating income																																																					92,000
income from fiduciary activities																																																						2,303,000	2,115,000
security losses																																																						-4,368,000	-289,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2011-09-30	2005-03-31	2004-09-30	2002-09-30	2002-06-30

assets
cash and due from banks	269,037,000	247,613,000	267,506,000	326,892,000	287,149,000	277,977,000	241,306,000	238,148,000	257,153,000	269,502,000	304,337,000	310,013,000	294,155,000	322,321,000	352,790,000	382,592,000	282,878,000	289,690,000	306,648,000	285,211,000		277,232,000	274,293,000	248,238,000	228,005,000	198,171,000		191,809,000	230,965,000	178,071,000	196,742,000	212,692,000	203,109,000	184,570,000	175,468,000	165,830,000	179,023,000	151,470,000	136,690,000	143,276,000	173,601,000	158,100,000	175,713,000	186,774,000	197,656,000	134,808,000	160,037,000	137,800,000	138,885,000	158,227,000	135,246,000	126,294,000	135,786,000	147,605,000	191,964,000	151,809,000
interest-bearing deposits with other banks	2,034,614,000	2,293,279,000	2,249,868,000	1,986,492,000	2,321,735,000	1,629,602,000	1,616,347,000	1,493,312,000	1,340,620,000	913,397,000	1,386,902,000	1,607,567,000	881,418,000	1,032,959,000	1,304,649,000	2,419,456,000	3,474,365,000	3,742,944,000	3,369,823,000	2,677,002,000		1,378,478,000	1,787,697,000	1,087,772,000	747,332,000	1,054,589,000		1,062,078,000	861,166,000	960,308,000	1,468,636,000	1,533,558,000	1,207,110,000	1,482,031,000	1,258,334,000	951,951,000	921,722,000	752,648,000	719,923,000	864,460,000	742,778,000	508,673,000	576,630,000	403,775,000	517,000,000	281,090,000	181,283,000	240,523,000	223,044,000	514,262,000	653,566,000	541,020,000	38,839,000	12,505,000	15,974,000	8,216,000
federal funds sold	1,383,000	1,358,000	1,345,000	1,308,000	1,299,000	1,253,000	1,208,000	1,186,000	1,170,000	1,155,000	1,118,000	1,113,000	1,079,000	1,067,000	1,047,000	1,045,000	927,000	927,000	925,000	925,000		823,000	823,000	823,000	817,000	813,000		799,000	795,000	791,000	789,000	787,000	785,000	727,000	725,000	725,000	724,000	723,000	722,000	722,000	722,000	721,000	721,000	721,000	720,000	719,000	719,000	718,000	718,000	719,000	1,019,000	1,210,000		3,450,000
total cash and cash equivalents	2,305,034,000	2,542,250,000	2,518,719,000	2,314,692,000	2,610,183,000	1,908,832,000	1,858,861,000	1,732,646,000	1,598,943,000	1,184,054,000	1,692,357,000	1,918,693,000	1,176,652,000	1,356,347,000	1,658,486,000	2,803,093,000	3,758,170,000	4,033,561,000	3,677,396,000	2,963,138,000		1,656,533,000	2,062,813,000	1,336,833,000	976,154,000	1,253,573,000		1,254,686,000	1,092,926,000	1,139,170,000	1,666,167,000	1,747,037,000	1,411,004,000	1,667,328,000	1,434,527,000	1,118,506,000	1,101,469,000	904,841,000	857,335,000	1,008,458,000	917,101,000	667,494,000	753,064,000	591,270,000	715,376,000	416,617,000	342,039,000	379,041,000	362,647,000	673,208,000	789,831,000	668,524,000	174,625,000	163,560,000	207,938,000	160,025,000
securities available for sale at estimated fair value	3,212,072,000	3,059,452,000	3,023,976,000	3,074,071,000	3,002,984,000	3,239,501,000	3,315,726,000	3,613,975,000	3,786,377,000	3,749,357,000	4,005,324,000	4,419,413,000	4,541,925,000	4,648,087,000	4,812,704,000	4,760,934,000	4,042,699,000	3,409,984,000	3,277,074,000	3,171,663,000		2,777,802,000	2,799,941,000	2,417,521,000	2,452,097,000	2,345,791,000		2,178,567,000	2,060,927,000	2,085,111,000	1,888,756,000	1,649,634,000	1,606,813,000	1,229,363,000	1,259,214,000	1,311,220,000	1,323,709,000	1,068,252,000	1,066,334,000	1,107,410,000	1,126,809,000	1,165,136,000	1,180,386,000	1,162,559,000	1,137,024,000	775,284,000	747,548,000	704,202,000	650,640,000	607,144,000	665,286,000	738,226,000	1,156,442,000	1,272,347,000	1,099,589,000	1,138,842,000
securities held to maturity, net of allowance for credit losses of 16 at march 31, 2026 and december 31, 2025	1,004,000
equity securities at estimated fair value	12,248,000	34,760,000	34,694,000	21,996,000	21,514,000	9,082,000	11,094,000	8,762,000	8,945,000	8,548,000	8,443,000	7,792,000	7,629,000	7,314,000	13,513,000	12,357,000	12,404,000	11,984,000	11,507,000	11,054,000		10,255,000	9,875,000	9,013,000	8,914,000	9,098,000		9,845,000	9,664,000	11,160,000
other investment securities	305,244,000	305,184,000	299,851,000	299,584,000	288,497,000	288,831,000	322,761,000	330,781,000	329,429,000	307,392,000	327,946,000	349,380,000	322,048,000	267,292,000	246,399,000	246,420,000	239,645,000	223,104,000	221,931,000	219,208,000		217,992,000	251,161,000	245,655,000	210,830,000	201,912,000		166,749,000	175,334,000	152,287,000	162,461,000	166,756,000	163,273,000	113,698,000	111,166,000	117,375,000	125,413,000	100,000,000	98,749,000	90,387,000	92,456,000	90,137,000	96,344,000	104,714,000	104,302,000	73,093,000	69,469,000	67,073,000	56,309,000	62,436,000	66,964,000	71,558,000
loans held for sale measured using fair value option	29,235,000	31,277,000	24,226,000	37,053,000	28,642,000	46,493,000	66,475,000	44,426,000	56,261,000	59,614,000	91,296,000	68,176,000	56,879,000	210,075,000	220,689,000	340,040,000
loans and leases	24,874,739,000	24,720,620,000	24,531,155,000	24,060,866,000	23,874,078,000	21,631,053,000	21,610,427,000	21,532,568,000	21,373,185,000	21,114,975,000	20,781,926,000	20,630,898,000	20,580,163,000	19,722,485,000	18,994,125,000	18,419,280,000	18,051,307,000	16,771,332,000	16,921,652,000	17,400,321,000		17,967,520,000	18,032,554,000
less: unearned income	-11,601,000	-11,498,000	-11,449,000	-10,644,000	-11,006,000	-9,085,000	-11,700,000	-12,492,000	-14,101,000	-17,092,000	-17,635,000	-18,739,000	-21,997,000	-22,405,000	-23,730,000	-27,194,000	-27,659,000	-27,703,000	-33,651,000	-34,430,000		-37,289,000	-40,152,000	-725,000	-3,811,000	-4,680,000		-9,971,000	-12,379,000	-14,018,000	-15,916,000	-16,386,000	-17,999,000	-15,815,000	-15,582,000	-15,899,000	-14,496,000	-14,807,000	-14,872,000	-14,292,000	-15,197,000	-14,428,000	-14,840,000	-14,580,000	-13,373,000	-9,016,000	-8,356,000	-7,672,000	-6,808,000	-11,890,000	-12,626,000	-5,266,000	-6,361,000	-6,183,000	-2,923,000	-2,976,000
loans and leases, net of unearned income	24,863,138,000	24,709,122,000	24,519,706,000	24,050,222,000	23,863,072,000	21,621,968,000	21,598,727,000	21,520,076,000	21,359,084,000	21,097,883,000	20,764,291,000	20,612,159,000	20,558,166,000	19,700,080,000	18,970,395,000	18,392,086,000	18,023,648,000	16,743,629,000	16,888,001,000	17,365,891,000		17,930,231,000	17,992,402,000
less: allowance for loan and lease losses	-299,599,000	-297,518,000	-300,050,000	-307,962,000	-310,424,000	-270,767,000	-267,423,000	-262,905,000	-259,237,000	-254,886,000	-250,721,000	-240,491,000	-234,746,000	-219,611,000	-213,729,000	-214,594,000	-216,016,000	-210,891,000	-217,545,000	-231,582,000		-225,812,000	-215,121,000
net loans and leases	24,563,539,000	24,411,604,000	24,219,656,000	23,742,260,000	23,552,648,000	21,351,201,000	21,331,304,000	21,257,171,000	21,099,847,000	20,842,997,000	20,513,570,000	20,371,668,000	20,323,420,000	19,480,469,000	18,756,666,000	18,177,492,000	17,807,632,000	16,532,738,000	16,670,456,000	17,134,309,000		17,704,419,000	17,777,281,000
bank premises and equipment	209,138,000	208,831,000	207,671,000	208,798,000	209,952,000	187,294,000	189,813,000	190,988,000	190,520,000	191,661,000	194,299,000	195,571,000	199,161,000	198,745,000	197,633,000	200,167,000	197,220,000	171,935,000	171,361,000	173,744,000		180,456,000	181,238,000	96,169,000	94,800,000	94,545,000		99,748,000	100,260,000	103,009,000	104,894,000	104,311,000	96,330,000	75,817,000	75,909,000	76,619,000	77,215,000	72,012,000	73,089,000	73,915,000	74,430,000	76,898,000	77,520,000	78,007,000	78,321,000	69,897,000	69,495,000	69,837,000	70,856,000	74,298,000	75,749,000	76,282,000	40,892,000	42,207,000	48,429,000	47,709,000
operating lease right-of-use assets	87,841,000	89,312,000	89,967,000	91,071,000	86,832,000	82,114,000	83,045,000	86,074,000	86,986,000	80,259,000	80,641,000	76,884,000	71,144,000	74,043,000	75,143,000	77,097,000	81,942,000	75,593,000	66,635,000	69,369,000		72,789,000	70,655,000	57,280,000	60,318,000	63,113,000
goodwill	2,018,848,000	2,018,848,000	2,018,864,000	2,018,910,000	2,023,604,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,888,889,000	1,889,244,000	1,886,494,000	1,810,040,000	1,810,040,000	1,804,038,000		1,794,886,000	1,794,779,000	1,478,014,000	1,478,014,000	1,478,014,000		1,478,014,000	1,478,014,000	1,478,580,000	1,478,380,000	1,487,607,000	1,485,113,000	863,767,000	863,767,000	867,311,000	866,176,000	710,252,000	710,252,000	710,252,000	710,252,000	710,252,000	709,794,000	712,065,000	710,165,000	375,547,000	375,559,000	375,583,000	375,583,000	371,650,000	371,656,000	372,979,000	166,852,000	166,971,000	91,575,000	91,925,000
bank-owned life insurance	551,306,000	547,127,000	544,979,000	541,216,000	538,733,000	495,784,000	493,498,000	490,596,000	486,895,000	485,386,000	483,906,000	482,098,000	480,184,000	478,518,000	473,470,000	479,064,000
accrued interest receivable	109,470,000	109,232,000	112,077,000	107,487,000	110,509,000	107,031,000	110,042,000	113,815,000	111,420,000	106,771,000	97,262,000	98,727,000											67,761,000	49,076,000	57,626,000	60,934,000		60,057,000	57,270,000	54,815,000	52,815,000	51,607,000	48,546,000	39,321,000	39,400,000	38,743,000	37,668,000	36,068,000	35,801,000	35,424,000	33,264,000	34,084,000	32,334,000	32,740,000	32,076,000	26,666,000	25,603,000	26,154,000	26,916,000	26,862,000	26,136,000	27,443,000	27,576,000	26,073,000	28,864,000	28,676,000
other assets	300,401,000	301,400,000	311,498,000	325,223,000	313,394,000	257,209,000	280,975,000	265,433,000	276,413,000	314,248,000	305,090,000	283,961,000	304,535,000	333,440,000	339,674,000	288,985,000	709,623,000	663,269,000	623,293,000	586,860,000		617,324,000	572,064,000	475,717,000	442,714,000	439,639,000		485,631,000	488,142,000	473,486,000	484,309,000	522,118,000	545,222,000	402,924,000	414,840,000	406,888,000	415,697,000	368,103,000	378,250,000	382,509,000	399,459,000	382,008,000	402,256,000	417,784,000	426,803,000	322,634,000	317,169,000	314,925,000	327,966,000	337,355,000	341,652,000	367,663,000	160,200,000	160,672,000	54,665,000	57,894,000
total assets	33,705,380,000	33,660,281,000	33,407,181,000	32,783,363,000	32,788,494,000	29,863,262,000	29,957,418,000	30,028,798,000	29,926,482,000	29,224,794,000	29,694,651,000	30,182,241,000	29,489,380,000	29,048,475,000	28,777,896,000	29,365,511,000	29,328,902,000	27,507,517,000	27,190,926,000	27,030,755,000	26,184,247,000	25,931,308,000	26,234,973,000	20,370,653,000	19,751,461,000	19,882,539,000	19,250,498,000	19,187,643,000	19,207,603,000	18,619,702,000	19,058,959,000	19,129,978,000	19,035,600,000	14,762,315,000	14,508,892,000	14,344,696,000	14,338,012,000	12,606,884,000	12,577,944,000	12,556,929,000	12,414,566,000	12,141,519,000	12,328,811,000	12,085,063,000	12,051,710,000	8,735,324,000	8,513,818,000	8,480,268,000	8,313,828,000	8,457,009,000	8,529,469,000	8,577,886,000	6,311,308,000	6,289,651,000	5,848,573,000	5,625,130,000
liabilities
deposits:
noninterest-bearing	6,409,918,000	6,573,630,000	6,587,911,000	6,627,265,000	6,480,877,000	6,038,098,000	5,931,712,000	6,017,349,000	6,149,080,000	6,253,343,000	6,450,826,000	6,707,660,000	7,199,678,000	7,618,823,000	9,030,939,000	9,006,961,000	8,980,547,000	8,490,191,000	8,283,454,000	8,093,770,000		7,304,747,000	7,096,574,000	4,837,538,000	4,572,122,000	4,330,665,000		4,470,815,000	4,331,840,000	4,344,203,000	4,294,687,000	4,134,019,000	4,013,445,000	3,339,935,000	3,171,841,000	3,250,455,000	3,141,148,000	2,792,571,000	2,699,958,000	2,703,433,000	2,652,948,000	2,568,342,000	2,591,619,000	2,538,310,000	2,466,226,000	1,874,520,000	1,827,836,000	1,743,233,000	1,810,345,000	1,743,292,000	1,689,088,000	1,613,672,000	880,602,000	890,911,000	787,669,000	687,229,000
interest-bearing	20,710,965,000	20,487,309,000	20,295,609,000	19,708,609,000	19,883,758,000	17,790,247,000	17,134,728,000	16,902,397,000	16,670,239,000	16,423,511,000	15,918,927,000	15,576,926,000	15,103,488,000	15,244,554,000	13,995,710,000	14,467,340,000	14,369,716,000	13,332,418,000	13,283,937,000	13,302,704,000		12,946,792,000	12,797,269,000	9,176,630,000	9,523,289,000	10,073,420,000		9,620,357,000	9,498,926,000	9,301,965,000	9,535,904,000	9,741,278,000	9,957,776,000	7,722,394,000	7,625,026,000	7,327,877,000	7,174,705,000	6,531,997,000	6,641,569,000	6,801,463,000	6,629,478,000	6,508,302,000	6,453,866,000	6,214,947,000	6,279,921,000	4,747,051,000	4,777,798,000	4,834,603,000	4,872,367,000	5,117,149,000	5,192,522,000	5,314,303,000	3,469,837,000	3,414,149,000	3,194,596,000	3,128,082,000
total deposits	27,120,883,000	27,060,939,000	26,883,520,000	26,335,874,000	26,364,635,000	23,828,345,000	23,066,440,000	22,919,746,000	22,819,319,000	22,676,854,000	22,369,753,000	22,284,586,000	22,303,166,000	22,863,377,000	23,026,649,000	23,474,301,000	23,350,263,000	21,822,609,000	21,567,391,000	21,396,474,000	20,585,160,000	20,251,539,000	19,893,843,000	14,014,168,000	14,095,411,000	14,404,085,000	13,994,749,000	14,091,172,000	13,830,766,000	13,646,168,000	13,830,591,000	13,875,297,000	13,971,221,000	11,062,329,000	10,796,867,000	10,578,332,000	10,315,853,000	9,324,568,000	9,341,527,000	9,504,896,000	9,282,426,000	9,076,644,000	9,045,485,000	8,753,257,000	8,746,147,000	6,621,571,000	6,605,634,000	6,577,836,000	6,682,712,000	6,860,441,000	6,881,610,000	6,927,975,000	4,350,439,000	4,305,060,000	3,982,265,000	3,815,311,000
borrowings:
securities sold under agreements to repurchase	166,175,000	198,573,000	169,013,000	160,798,000	176,015,000	181,969,000	203,519,000	207,727,000	196,095,000	188,274,000	176,739,000	170,094,000	160,698,000	142,476,000	128,242,000	136,370,000	128,844,000	123,018,000	127,745,000	145,200,000		148,357,000	176,168,000	124,561,000	129,966,000	122,159,000		153,718,000	185,507,000	250,771,000	311,352,000	316,236,000	313,062,000	210,883,000	237,316,000	359,959,000	377,146,000	315,475,000	341,661,000	341,694,000	384,006,000	325,838,000	434,155,000	396,818,000	466,480,000	188,069,000	178,938,000	189,016,000	215,394,000	251,042,000	240,233,000	239,655,000	524,274,000	628,568,000	503,389,000	443,426,000
federal home loan bank (“fhlb”) borrowings	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	260,271,000	1,210,343,000	1,460,415,000	1,510,487,000	1,110,559,000	1,910,631,000	2,510,703,000	1,910,775,000	1,010,846,000	510,918,000	531,615,000	532,199,000	532,782,000	533,365,000	533,948,000		645,249,000
other long-term borrowings	282,216,000	281,817,000	281,418,000	301,021,000	300,623,000	279,820,000	279,421,000	279,019,000	278,616,000	278,211,000	277,807,000	277,400,000	286,881,000	286,462,000	286,043,000	285,620,000	285,195,000	281,069,000	280,657,000	280,247,000		279,425,000	279,012,000	236,479,000	235,849,000	235,535,000		234,590,000	234,276,000	233,961,000	242,446,000	242,131,000	241,817,000	224,508,000	224,319,000	224,129,000	223,940,000	223,723,000	223,506,000	223,288,000	223,071,000	222,854,000	222,636,000	249,863,000	249,641,000	198,628,000	198,600,000	198,572,000	198,543,000	203,614,000	203,586,000	203,529,000	89,303,000	89,563,000
reserve for lending-related commitments	37,047,000	35,075,000	32,639,000	35,819,000	36,567,000	37,973,000	40,739,000	42,915,000	44,706,000	43,766,000	46,768,000	48,789,000	46,189,000	39,698,000	42,579,000	36,679,000	31,442,000	25,191,000	20,897,000	20,024,000		15,960,000	11,946,000	7,742,000	1,776,000	1,752,000		1,144,000	927,000	755,000	679,000	804,000	738,000	902,000	1,044,000	1,122,000	1,394,000	1,193,000	936,000	1,178,000	1,380,000	1,475,000	1,518,000	1,477,000	2,441,000		2,196,000	2,045,000	1,885,000	2,112,000	1,735,000	1,985,000
operating lease liabilities	93,921,000	95,392,000	95,901,000	96,899,000	91,921,000	88,464,000	89,308,000	92,266,000	92,885,000	84,569,000	85,038,000	81,394,000	75,749,000	78,748,000	79,787,000	81,678,000	86,703,000	80,518,000	70,546,000	73,531,000		76,604,000	74,435,000	60,887,000	63,987,000	66,821,000
accrued expenses and other liabilities	267,012,000	242,502,000	248,975,000	238,411,000	254,284,000	218,600,000	211,015,000	219,269,000	213,134,000	193,683,000	190,872,000	202,738,000	189,729,000	186,782,000	216,628,000	224,108,000	195,628,000	211,564,000	196,612,000	248,633,000		246,733,000	246,835,000	256,832,000	197,682,000	170,297,000		145,320,000	139,197,000	158,171,000	145,595,000	133,752,000	140,367,000	105,275,000	93,657,000	96,900,000	102,410,000	93,933,000	84,569,000	78,902,000	79,305,000	83,535,000	84,682,000	69,176,000	69,681,000	63,427,000	63,560,000	60,995,000	75,248,000	57,971,000	61,190,000	59,420,000	65,133,000	55,772,000	49,710,000	60,854,000
total liabilities	28,217,254,000	28,164,298,000	27,961,466,000	27,418,822,000	27,474,045,000	24,895,442,000	25,100,785,000	25,221,357,000	25,155,242,000	24,575,916,000	25,057,608,000	25,575,704,000	24,973,187,000	24,608,389,000	24,290,846,000	24,770,371,000	24,610,274,000	23,076,751,000	22,797,213,000	22,698,057,000	21,886,627,000	21,663,867,000	22,037,118,000	17,026,951,000	16,397,119,000	16,548,681,000	15,998,874,000	15,936,515,000	15,965,038,000	15,368,389,000	15,818,429,000	15,866,135,000	15,798,179,000	12,509,456,000	12,273,145,000	12,316,017,000	12,324,872,000	10,871,847,000	10,865,309,000	10,847,088,000	10,726,553,000	10,463,461,000	10,672,651,000	10,431,390,000	10,412,427,000	7,693,592,000	7,496,107,000	7,474,210,000	7,313,579,000	7,475,828,000	7,553,166,000	7,605,133,000	5,684,625,000	5,659,079,000	5,310,800,000	5,091,947,000
shareholders’ equity																					4,297,620,000						3,251,624,000
preferred stock, 1.00 par value; authorized-50,000,000 shares, none issued
common stock	377,921,000	377,142,000	377,081,000	377,077,000	377,076,000	356,418,000	356,354,000	356,341,000	355,644,000	355,604,000	355,602,000	355,595,000	355,029,000	354,745,000	354,616,000	354,458,000	353,402,000	335,419,000	335,414,000	335,340,000		334,308,000	334,291,000	264,211,000	263,660,000	263,534,000		263,068,000	263,022,000	262,955,000	262,675,000	262,530,000	262,438,000	202,949,000	202,671,000	191,169,000	190,809,000	174,334,000	174,067,000	173,959,000	173,787,000	173,643,000	173,286,000	173,061,000	172,995,000	127,169,000	127,169,000	127,169,000	127,169,000	127,169,000	127,169,000	127,169,000	110,802,000	110,802,000	108,454,000	108,454,000
surplus	3,470,304,000	3,468,869,000	3,464,927,000	3,461,258,000	3,457,837,000	3,190,163,000	3,186,388,000	3,183,198,000	3,181,764,000	3,178,533,000	3,175,284,000	3,171,895,000	3,168,874,000	3,163,776,000	3,159,928,000	3,156,101,000	3,149,955,000	2,903,576,000	2,901,591,000	2,898,807,000		2,891,746,000	2,890,394,000	2,141,266,000	2,138,240,000	2,137,459,000		2,133,157,000	2,131,697,000	2,130,092,000	2,129,077,000	2,126,914,000	2,125,364,000	1,206,516,000	1,205,778,000	1,007,315,000	1,004,285,000	754,317,000	752,997,000	751,261,000	748,630,000	746,033,000	742,960,000	740,003,000	738,993,000	237,674,000	237,447,000	237,451,000	237,198,000	237,686,000	237,224,000	238,519,000	99,381,000	101,051,000	89,977,000	90,867,000
retained earnings	2,241,354,000	2,170,327,000	2,094,957,000	2,016,671,000	1,948,696,000	1,873,577,000	1,828,523,000	1,782,220,000	1,745,619,000	1,716,295,000	1,668,844,000	1,625,013,000	1,575,426,000	1,524,265,000	1,470,244,000	1,423,175,000	1,390,777,000	1,363,488,000	1,316,607,000	1,267,039,000		1,158,467,000	1,100,097,000	1,092,827,000	1,104,837,000	1,073,390,000		984,062,000	954,953,000	924,263,000	891,816,000	909,556,000	887,460,000	885,022,000	872,990,000	859,199,000	842,940,000	836,308,000	824,603,000	814,094,000	801,307,000	788,727,000	776,311,000	765,219,000	754,101,000	734,945,000	731,425,000	724,879,000	718,273,000	702,927,000	697,483,000	687,357,000	473,015,000	445,446,000	357,095,000	344,934,000
accumulated other comprehensive loss	-149,115,000	-138,927,000	-157,815,000	-183,728,000	-195,008,000	-198,912,000	-261,229,000	-260,992,000	-259,681,000	-349,456,000	-310,678,000	-294,130,000	-332,732,000	-352,304,000	-247,357,000	-141,692,000								-16,171,000	-15,781,000	-20,367,000		-76,660,000	-70,001,000	-64,553,000	-42,025,000	-34,163,000	-36,846,000	-40,643,000	-44,717,000	-28,029,000	-23,943,000	-28,989,000	-38,212,000	-28,740,000	-34,991,000	-29,661,000	-35,764,000	-23,670,000	-25,616,000	-43,047,000	-62,311,000	-66,030,000	-64,253,000	-66,383,000	-65,295,000	-57,669,000
treasury stock	-452,338,000	-381,428,000	-333,435,000	-306,737,000	-274,152,000	-253,426,000	-253,403,000	-253,326,000	-252,106,000	-252,098,000	-252,009,000	-251,836,000	-250,404,000	-250,396,000	-250,381,000	-196,902,000	-170,618,000	-170,478,000	-170,422,000	-170,349,000		-138,430,000	-138,431,000	-138,431,000	-136,614,000	-120,158,000		-52,499,000	-37,106,000	-1,444,000	-1,013,000	-994,000	-995,000	-985,000	-975,000	-975,000	-951,000	-933,000	-820,000	-733,000	-720,000	-684,000	-633,000	-940,000	-1,190,000	-15,009,000	-16,019,000	-17,411,000	-18,138,000	-20,218,000	-20,278,000	-22,623,000	-49,831,000	-33,888,000	-31,119,000	-22,696,000
total shareholders’ equity	5,488,126,000	5,495,983,000	5,445,715,000	5,364,541,000	5,314,449,000	4,967,820,000	4,856,633,000	4,807,441,000	4,771,240,000	4,648,878,000	4,637,043,000	4,606,537,000	4,516,193,000	4,440,086,000	4,487,050,000	4,595,140,000	4,718,628,000	4,430,766,000	4,393,713,000	4,332,698,000		4,267,441,000	4,197,855,000	3,343,702,000	3,354,342,000	3,333,858,000		3,251,128,000	3,242,565,000	3,251,313,000	3,240,530,000	3,263,843,000	3,237,421,000	2,252,859,000	2,235,747,000	2,028,679,000	2,013,140,000	1,735,037,000	1,712,635,000	1,709,841,000	1,688,013,000	1,678,058,000	1,656,160,000	1,653,673,000	1,639,283,000	1,041,732,000	1,017,711,000	1,006,058,000	1,000,249,000	981,181,000	976,303,000	972,753,000	626,683,000	630,572,000	537,773,000	533,183,000
total liabilities and shareholders’ equity	33,705,380,000	33,660,281,000	33,407,181,000	32,783,363,000	32,788,494,000	29,863,262,000	29,957,418,000	30,028,798,000	29,926,482,000	29,224,794,000	29,694,651,000	30,182,241,000	29,489,380,000	29,048,475,000	28,777,896,000	29,365,511,000	29,328,902,000	27,507,517,000	27,190,926,000	27,030,755,000		25,931,308,000	26,234,973,000	20,370,653,000	19,751,461,000	19,882,539,000		19,187,643,000	19,207,603,000	18,619,702,000	19,058,959,000	19,129,978,000	19,035,600,000	14,762,315,000	14,508,892,000	14,344,696,000	14,338,012,000	12,606,884,000	12,577,944,000	12,556,929,000	12,414,566,000	12,141,519,000	12,328,811,000	12,085,063,000	12,051,710,000	8,735,324,000	8,513,818,000	8,480,268,000	8,313,828,000	8,457,009,000	8,529,469,000	8,577,886,000	6,311,308,000	6,289,651,000	5,848,573,000	5,625,130,000
securities held to maturity, net of allowance for credit losses of 16 at december 31, 2025 and 18 at december 31, 2024		1,004,000
securities held to maturity, net of allowance for credit losses of 17 at september 30, 2025 and 18 at december 31, 2024			1,003,000
securities held to maturity, net of allowance for credit losses of 18 at june 30, 2025 and december 31, 2024				1,002,000
securities held to maturity, net of allowance for credit losses of 18 at march 31, 2025 and december 31, 2024					1,002,000
securities held to maturity, net of allowance for credit losses of 19 at september 30, 2024 and 17 at december 31, 2023						1,001,000
mortgage servicing rights							3,934,000	4,241,000	4,554,000	4,616,000	4,627,000	19,987,000
securities held to maturity, net of allowance for credit losses of 19 at june 30, 2024 and 17 at december 31, 2023							1,001,000
securities held to maturity, net of allowance for credit losses of 19 at march 31, 2024 and 17 at december 31, 2023								1,001,000
securities held to maturity, net of allowance for credit losses of 17 at december 31, 2023 and 18 at december 31, 2022									1,003,000
securities held to maturity, net of allowance for credit losses of 18 at september 30, 2023 and december 31, 2022										1,002,000
securities held to maturity, net of allowance for credit losses of 19 at june 30, 2023 and 18 at december 31, 2022											1,001,000
securities held to maturity, net of allowance for credit losses of 18 at march 31, 2023 and december 31, 2022												1,002,000
securities held to maturity, net of allowance for credit losses of 18 at december 31, 2022 and 19 at december 31, 2021													1,002,000
mortgage servicing rights, net of valuation allowance of 0 at december 31, 2022 and 883 at december 31, 2021													21,022,000
accrued interest receivable, net of allowance for credit losses of 0 at december 31, 2022 and 8 at december 31, 2021													94,890,000
securities held to maturity, net of allowance for credit losses of 19 at september 30, 2022 and december 31, 2021														1,001,000
mortgage servicing rights, net of valuation allowance of 0 at september 30, 2022 and 883 at december 31, 2021														21,908,000
accrued interest receivable, net of allowance for credit losses of 0 at september 30, 2022 and 8 at december 31, 2021														82,347,000
securities held to maturity, net of allowance for credit losses of 18 at june 30, 2022 and 19 at december 31, 2021															1,002,000
mortgage servicing rights, net of valuation allowance of 0 at june 30, 2022 and 883 at december 31, 2021															22,593,000
accrued interest receivable, net of allowance for credit losses of 0 at june 30, 2022 and 8 at december 31, 2021															71,035,000
securities held to maturity, net of allowance for credit losses of 19 at march 31, 2022 and december 31, 2021																1,001,000
mortgage servicing rights, net of valuation allowance of 0 at march 31, 2022 and 883 at december 31, 2021																23,089,000
accrued interest receivable, net of allowance for credit losses of 0 at march 31, 2022 and 8 at december 31, 2021																66,528,000
securities held to maturity, net of allowance for credit losses of 19 at december 31, 2021 and 23 at december 31, 2020																	1,001,000
loans held for sale																	504,416,000	493,299,000	576,827,000	808,134,000	718,937,000	812,084,000	625,984,000	503,514,000	412,194,000	370,593,000	249,846,000	234,196,000	285,194,000	193,915,000	265,955,000	315,031,000	339,403,000	3,581,000	8,445,000	10,957,000	6,226,000	5,395,000	10,681,000	11,602,000	14,856,000	8,881,000	8,680,000	5,773,000	9,466,000	4,236,000	3,760,000	8,364,000	7,041,000	9,279,000	7,401,000	7,378,000	4,488,000	1,410,000	519,786,000	284,230,000
mortgage servicing rights, net of valuation allowance of 883 and 1,383 at december 31, 2021 and 2020, respectively																	23,144,000
accrued interest receivable, net of allowance for credit losses of 8 and 250 at december 31, 2021 and 2020, respectively																	64,512,000
accumulated other comprehensive gain																	-4,888,000	-1,239,000	10,523,000	1,861,000		21,350,000	11,504,000
securities held to maturity, net of allowance for credit losses of 27 at september 30, 2021 and 23 at december 31, 2020																		993,000
mortgage servicing rights, net of valuation allowance of 1,383 at september 30, 2021 and at december 31, 2020																		22,836,000
accrued interest receivable, net of allowance for credit losses of 26 at september 30, 2021 and 250 at december 31, 2020																		58,181,000
securities held to maturity, net of allowance for credit losses of 31 at june 30, 2021 and 23 at december 31, 2020																			989,000
mortgage servicing rights, net of valuation allowance of 1,633 at june 30, 2021 and 1,383 at december 31, 2020																			22,540,000
accrued interest receivable, net of allowance for credit losses of 29 at june 30, 2021 and 250 at december 31, 2020																			60,877,000
securities held to maturity, net of allowance for credit losses of 23 at march 31, 2021 and december 31, 2020																				997,000
mortgage servicing rights, net of valuation allowance of 1,383 at march 31, 2021 and december 31, 2020																				22,018,000
accrued interest receivable, net of allowance for credit losses of 99 at march 31, 2021 and 250 at december 31, 2020																				66,223,000
summary of operations:
total interest income																					798,382,000						717,715,000
total interest expense																					108,609,000						129,070,000
net interest income																					689,773,000						588,645,000
benefit from loan losses																					106,562,000						22,013,000
other income																					354,746,000						128,712,000
income taxes																					70,717,000						70,823,000
net income																					289,023,000						256,342,000
cash dividends																					171,876,000						141,610,000
per common share:
net income:
basic																					2,400						2,460
diluted																					2,400						2,450
book value per share																					33,370						31,780
selected ratios:
return on average shareholders’ equity																					7,300						7,840
return on average assets																					1,200						1,360
dividend payout ratio																					59,470						55,240
selected balance sheet data:
average assets																					24,137,070,000						18,848,027,000
investment securities																					3,186,184,000						2,543,727,000
total loans																					17,591,413,000						13,422,222,000
long-term borrowings																					864,369,000						1,499,103,000
securities held to maturity, net of allowance for credit losses of 21 at september 30, 2020																						1,214,000
mortgage servicing rights, net of valuation allowance																						20,413,000	20,200,000
accrued interest receivable, net of allowance for credit losses of 435 at september 30, 2020																						65,141,000
securities held to maturity, net of allowance for credit losses of 14 at june 30, 2020																							1,221,000
federal home loan bank (“fhlb”)borrowings																							1,354,879,000
securities held to maturity, net of allowance for credit losses of 10 at march 31, 2020																								1,226,000
loans																								13,856,283,000	13,637,238,000	13,639,946,000		13,286,711,000	13,529,008,000	12,998,435,000	13,027,337,000	13,156,854,000	13,410,477,000	10,424,856,000	10,356,719,000	10,451,662,000	10,437,354,000	9,393,200,000	9,398,952,000	9,187,949,000	9,097,301,000	9,057,539,000	9,119,492,000	9,030,483,000	8,885,808,000	6,713,599,000	6,603,851,000	6,574,850,000	6,473,570,000	6,326,806,000	6,212,746,000	6,264,494,000	4,397,454,000	4,274,397,000	3,575,203,000	3,593,281,000
loans net of unearned income																								13,855,558,000	13,633,427,000	13,635,266,000		13,276,740,000	13,516,629,000	12,984,417,000	13,011,421,000	13,140,468,000	13,392,478,000	10,409,041,000	10,341,137,000	10,435,763,000	10,422,858,000	9,378,393,000	9,384,080,000	9,173,657,000	9,082,104,000	9,043,111,000	9,104,652,000	9,015,903,000	8,872,435,000	6,704,583,000	6,595,495,000	6,567,178,000	6,466,762,000	6,314,916,000	6,200,120,000	6,259,228,000	4,391,093,000	4,268,214,000	3,572,280,000	3,590,305,000
less: allowance for loan losses																								-154,923,000	-77,098,000	-76,400,000		-76,941,000	-77,135,000	-76,653,000	-76,627,000	-74,926,000	-72,983,000	-72,875,000	-72,771,000	-72,657,000	-72,448,000	-75,490,000	-75,726,000	-75,480,000	-75,215,000	-75,573,000	-75,529,000	-75,721,000	-74,975,000	-74,198,000	-74,571,000	-74,574,000	-74,158,000	-73,413,000	-74,012,000	-73,509,000	-43,570,000	-45,219,000	-47,372,000	-47,746,000
net loans																								13,700,635,000	13,556,329,000	13,558,866,000		13,199,799,000	13,439,494,000	12,907,764,000	12,934,794,000	13,065,542,000	13,319,495,000	10,336,166,000	10,268,366,000	10,363,106,000	10,350,410,000	9,302,903,000	9,308,354,000	9,098,177,000	9,006,889,000	8,967,538,000	9,029,123,000	8,940,182,000	8,797,460,000	6,630,385,000	6,520,924,000	6,492,604,000	6,392,604,000	6,241,503,000	6,126,108,000	6,185,719,000	4,347,523,000	4,222,995,000	3,524,908,000	3,542,559,000
federal home loan bank borrowings																								2,326,282,000				1,284,781,000	1,560,365,000	1,060,948,000		1,272,115,000	1,122,714,000	887,459,000		1,023,375,000	1,295,829,000	885,855,000		664,880,000	704,940,000	705,000,000		930,679,000	861,337,000	592,069,000	435,009,000	438,201,000	126,307,000	86,613,000	141,712,000	151,904,000	557,283,000	511,603,000	680,191,000	680,646,000
securities held to maturity																									1,471,000	6,461,000		20,351,000	20,378,000	20,405,000	20,428,000	20,335,000	20,401,000	30,350,000	33,258,000	33,971,000	34,029,000	39,058,000	39,099,000	38,795,000	39,050,000	39,091,000	39,310,000	39,969,000	40,717,000	40,965,000	42,252,000	42,485,000	43,266,000	53,274,000	58,686,000	62,114,000	232,710,000	233,416,000	272,819,000	273,270,000
federal funds purchased																												25,790,000	14,000,000	17,615,000	16,235,000	25,800,000	8,260,000	18,100,000	22,235,000	32,200,000	8,300,000	27,100,000	22,230,000	32,250,000	51,425,000	48,115,000	53,840,000	30,120,000	16,700,000	27,685,000	12,170,000	7,545,000	13,490,000	14,035,000	23,100,000	20,440,000	88,315,000	58,350,000	81,320,000	73,908,000
federal home loan bank (fhlb) borrowings																									1,672,448,000	1,548,032,000					1,271,531,000				897,707,000				850,880,000				830,335,000
preferred stock, 1.00 par value; authorized-50,000,000 shares; none issued
allowance for lending-related commitments																																														2,143,000							7,854,000	6,256,000
other short-term borrowings																																																				225,000	2,024,000	3,907,000
accumulated other comprehensive income																																																					-6,684,000	7,161,000	13,366,000	11,624,000
assets related to discontinued operations
liabilities related to discontinued operations
domestic deposits:
mandatorily redeemable capital securities of subsidiary trust																																																							8,865,000	8,868,000
other borrowings																																																							5,060,000	8,934,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2005-03-31	2002-09-30

net cash from operating activities	150,641,000	89,364,000	119,982,000	123,618,000	61,185,000	124,371,000	162,576,000	89,570,000	64,937,000	118,154,000	137,049,000	133,755,000	206,411,000	283,607,000	201,236,000	271,375,000	80,584,000	-117,436,000	50,623,000	21,476,000	59,170,000	73,762,000	120,273,000	-59,986,000	158,484,000	128,777,000	89,232,000	-29,054,000	64,973,000	42,861,000	48,937,000	16,994,000	57,934,000	50,604,000	55,316,000	18,480,000	53,891,000	45,290,000	41,975,000	35,454,000	34,398,000	28,333,000	44,014,000	28,128,000	32,943,000		-216,061,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
free cash flows	150,641,000	89,364,000	119,982,000	123,618,000	61,185,000	124,371,000	162,576,000	89,570,000	64,937,000	118,154,000	137,049,000	133,755,000	206,411,000	283,607,000	201,236,000	271,375,000	80,584,000	-117,436,000	50,623,000	21,476,000	59,170,000	73,762,000	120,273,000	-59,986,000	158,484,000	128,777,000	89,232,000	-29,054,000	64,973,000	42,861,000	48,937,000	16,994,000	57,934,000	50,604,000	55,316,000	18,480,000	53,891,000	45,290,000	41,975,000	35,454,000	34,398,000	28,333,000	44,014,000	28,128,000	32,943,000		-216,061,000
investing activities
proceeds from sales of securities available for sale	235,000	102,000	90,000	190,247,000	96,000,000	93,000	92,000	95,000	179,948,000	1,689,000	105,000	86,000	69,000	150,000	9,851,000	112,000	39,182,000	27,160,000	161,185,000	3,665,000	85,227,000	85,141,000	32,882,000	16,329,000	36,850,000	2,066,000	10,249,000	227,440,000	7,376,000	29,000	12,000	103,366,000	33,000	1,083,000	2,797,000	1,715,000	1,721,000	1,836,000	11,219,000	7,291,000	1,240,000	1,807,000	4,014,000	808,000	1,969,000	118,354,000	34,977,000
proceeds from maturities and calls of securities available for sale	663,716,000	331,723,000	586,147,000	639,692,000	699,355,000	416,317,000	89,960,000	199,001,000	297,369,000	184,059,000	127,619,000	145,396,000	150,846,000	151,477,000	157,669,000	131,352,000	230,347,000	122,033,000	119,595,000	129,261,000	103,684,000	69,647,000	76,213,000	58,827,000	66,067,000	52,685,000	54,008,000	241,066,000	91,422,000	145,716,000	174,001,000	55,867,000	34,966,000	60,157,000	39,762,000	49,665,000	34,366,000	32,161,000	53,390,000	103,122,000	181,829,000	227,025,000	171,937,000	602,708,000	390,665,000	54,657,000	87,043,000
purchases of securities available for sale	-575,083,000	-381,999,000	-491,975,000	-665,918,000	-500,842,000	-248,049,000	-48,000	-23,000	-99,940,000	-7,855,000	-6,000	-138,371,000	-356,644,000	-1,077,461,000	-322,463,000	-222,765,000	-536,570,000	-118,534,000	-68,430,000	-91,118,000	-291,179,000	-288,147,000	-238,574,000	-61,155,000	-330,031,000	-302,413,000	-105,500,000	-460,226,000	-64,335,000	-119,948,000	-168,715,000	-192,502,000	-23,813,000	-34,294,000	-14,898,000	-23,543,000	-12,514,000	-42,200,000	-91,702,000	-136,032,000	-222,145,000	-286,691,000	-201,040,000	-550,233,000	-362,134,000	-69,081,000	-85,184,000
proceeds from sales of equity securities	185,000	367,000	161,000	2,603,000	4,940,000	289,000	128,000	118,000	0	98,000	196,000	6,237,000	200,000	149,000	0	398,000	852,000	1,000	847,000	195,000	368,000	180,000	-1,000	1,667,000	159,000
purchases of equity securities	-125,000	-424,000	-96,000	-427,000	-428,000	-205,000	-249,000	-404,000	-748,000	-246,000	-460,000	-245,000	-1,538,000	-353,000	-503,000	-827,000	-478,000	-382,000	-221,000	-293,000	-124,000	-59,000	-218,000	-199,000	-181,000
proceeds from sales and redemptions of other investment securities	12,368,000	210,000	2,251,000	49,298,000	63,162,000	46,739,000	10,041,000	55,370,000	68,341,000	21,547,000	390,000	1,257,000	1,887,000	1,295,000	403,000	380,000	7,178,000	48,217,000	80,177,000	17,000,000	30,010,000	1,873,000	20,381,000	6,560,000	9,046,000	26,444,000	5,121,000	1,807,000	7,465,000	17,126,000	28,986,000	11,780,000	6,519,000	1,840,000	3,556,000	2,871,000	11,578,000	10,522,000	8,953,000	5,316,000	17,773,000	145,000	4,414,000	4,528,000	1,448,000
purchases of other investment securities	-19,245,000	-14,763,000	-13,170,000	-19,654,000	-59,428,000	-52,379,000	-38,144,000	-37,974,000	-50,141,000	-52,217,000	-58,484,000	-25,337,000	-4,023,000	-11,591,000	-4,793,000	-5,991,000	-8,208,000	-17,759,000	-67,692,000	-42,499,000	-38,928,000	-12,079,000	-11,796,000	-29,607,000	-3,672,000	-22,149,000	-8,604,000	-37,110,000	-6,227,000	-10,859,000	-20,948,000	-32,475,000	-7,770,000	-10,202,000	-1,418,000	-5,190,000	-5,371,000	-2,152,000	-9,365,000	-8,746,000	-20,169,000	-10,909,000	-413,000
purchases of bank premises and equipment	-4,224,000	-4,166,000	-3,895,000	-1,585,000	-2,973,000	-4,772,000	-3,207,000	-1,755,000	-3,278,000	-3,447,000	-5,007,000	-5,730,000	-2,616,000	-3,509,000	-4,826,000	-3,803,000	-2,734,000	-7,517,000	-4,823,000	-2,008,000	-2,690,000	-1,337,000	-2,280,000	-1,403,000	-756,000	-3,242,000	-8,317,000	-1,118,000	-1,680,000	-3,121,000	-1,687,000	-1,674,000	-789,000	-1,323,000	-1,661,000	-779,000	-1,500,000	-2,576,000	-2,037,000	-2,885,000	-1,592,000	-908,000	-610,000	-2,109,000	-1,110,000
proceeds from sales of bank premises and equipment	1,081,000	361,000	1,000	3,000	31,000	63,000	34,000	43,000	0	2,465,000	12,000	46,000	287,000	557,000	44,000	1,558,000	2,000	4,113,000			0	6,226,000	48,000	2,122,000	1,000	4,000	0			325,000				-132,000	4,000			2,000	2,000	2,000	4,000	117,000	80,000
proceeds from redemption of bank-owned life insurance policies	884,000
proceeds from sale of mortgage servicing rights
acquisition of piedmont bancorp, inc., net of cash paid	0	0	77,476,000
proceeds from the sales of oreo properties	18,000	148,000	19,000	1,951,000	231,000	146,000		1,449,000	802,000	279,000		1,118,000	1,182,000	1,325,000	1,798,000	1,441,000	1,262,000	4,332,000	2,533,000	2,573,000	750,000		4,447,000	1,225,000	3,433,000		1,073,000	2,277,000	1,558,000
net change in loans and leases	-482,582,000	-187,964,000	-177,788,000			-160,675,000				-54,938,000				-366,414,000
net cash from investing activities	-402,772,000	-255,145,000	-18,674,000	185,462,000	222,542,000	-2,433,000	-249,627,000	-68,028,000	265,215,000	91,434,000	-629,012,000	-740,399,000	-774,648,000	-1,303,597,000	-44,393,000	332,743,000	-38,985,000	132,670,000	-34,950,000	-122,357,000	-109,489,000	-279,276,000	126,266,000	-531,511,000	-186,992,000	-117,773,000	205,154,000	211,247,000	-31,950,000	127,493,000	-4,450,000	-105,902,000	13,819,000	-194,000,000	-65,595,000	-16,938,000	86,822,000	-89,201,000	-166,593,000	-143,864,000	-75,959,000	-171,560,000	18,274,000	-55,623,000	64,002,000		51,998,000
financing activities
cash dividends paid	-52,717,000	-53,326,000	-50,478,000	-50,212,000	-50,187,000	-50,137,000	-48,721,000	-48,740,000	-48,615,000	-48,651,000	-48,562,000	-48,537,000	-49,287,000	-46,655,000	-45,273,000	-45,268,000	-45,447,000	-45,428,000	-35,615,000	-36,247,000	-34,689,000	-35,304,000	-35,585,000	-35,748,000	-35,713,000	-34,645,000	-34,617,000	-26,781,000	-25,311,000	-25,222,000	-25,160,000	-23,001,000	-22,968,000	-22,257,000	-22,233,000	-22,208,000	-22,166,000	-22,142,000	-22,130,000	-15,626,000	-15,612,000	-15,605,000	-15,591,000	-15,571,000	-15,569,000	-11,198,000	-9,801,000
acquisition of treasury stock	-26,504,000	-32,555,000	-20,348,000	-9,000	-1,000	-1,030,000	0	-7,000	-1,000	-1,374,000	-1,000	-7,000	-53,391,000	-26,061,000	0	0	-11,210,000	0	0	-608,000	-16,395,000	-49,401,000	-15,339,000	-35,580,000	-404,000	0	0												-1,000	-1,000	-1,000	-3,000	-88,000	-3,000	-4,000	-8,534,000	-9,884,000
proceeds from exercise of stock options	38,000	8,000	319,000	708,000	123,000	702,000	174,000	13,000	4,000	1,559,000	2,383,000	1,535,000	1,350,000	5,027,000	0	896,000	3,465,000	0	7,000	281,000	-348,000	223,000	426,000	551,000	300,000	1,323,000	750,000	2,222,000	324,000	8,669,000	2,579,000	1,269,000	820,000	1,281,000	2,032,000	1,759,000	2,799,000	2,706,000	900,000	763,000	925,000	448,000	228,000	30,000	85,000	483,000	924,000
repayment of long-term federal home loan bank borrowings	0	0	-10,000,000	0	0	-1,500,000,000	0	0	0	-1,900,000,000	-500,000,000	0			0	0	-550,000,000	-959,000,000	-678,000,000	-150,000,000	0	-120,000,000	-10,000,000	0	-625,000,000	-1,000	-20,016,000	-20,015,000	-805,176,000	-596,000	-26,000	-20,026,000	-705,025,000	-4,000,000	-60,000	-175,060,000	-615,335,000	-15,344,000	-658,000	-27,940,000	-26,192,000	-106,000	-104,000	-55,099,000	-97,000	-87,000
proceeds from issuance of long-term federal home loan bank borrowings				-950,000,000	-250,000,000	1,450,000,000	400,000,000	-800,000,000	-600,000,000	2,500,000,000	1,400,000,000				0	0	500,000,000	250,000,000	-150,000,000	400,000,000	-75,000,000	300,000,000	-465,000,000	500,000,000	615,000,000		-30,000,000	50,000,000	795,000,000		0	70,000,000	725,000,000		-40,000,000	175,000,000	490,000,000		75,000,000
redemption of subordinated debt							0	0	0	-10,250,000
changes in:
deposits	547,701,000	-28,620,000	297,213,000	761,954,000	146,761,000	100,598,000		307,354,000	85,479,000	-18,227,000		-162,720,000	-446,914,000	125,076,000	249,322,000	171,967,000	812,763,000	360,724,000	1,997,308,000	161,888,000	-308,476,000		260,717,000	184,909,000	-184,097,000		-95,185,000	-440,066,000	265,509,000		262,542,000	19,600,000	-16,959,000		222,796,000	206,305,000	31,877,000		8,220,000		27,798,000	-104,876,000	-70,104,000	-20,236,000	63,787,000	52,876,000	167,409,000
federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	8,215,000	-15,217,000	-75,000	-21,550,000	-4,208,000	11,632,000	7,821,000	11,535,000	6,645,000	9,396,000	18,222,000	14,234,000	-8,128,000	7,526,000	-4,727,000	-17,455,000	2,900,000	-27,811,000	-423,393,000	224,907,000	207,807,000	-28,181,000	180,001,000	-68,879,000	-259,201,000	-14,449,000	220,714,000	-3,876,000	-30,568,000	-257,608,000	-268,164,000	237,221,000	-5,946,000	100,317,000	-61,117,000	61,848,000	-113,672,000	-38,573,000	-60,872,000	139,646,000	-257,453,000	279,677,000	-46,078,000	1,744,000	8,567,000	-277,345,000
net cash from financing activities	456,158,000	-129,710,000	216,631,000	-259,109,000	-157,512,000	11,765,000	501,940,000	-529,845,000	-556,488,000	532,453,000	312,268,000	304,505,000	-576,370,000	64,913,000	199,322,000	110,140,000	712,471,000	-421,514,000	710,307,000	600,221,000	-227,100,000	-28,776,000	-84,779,000	545,253,000	-498,489,000	-91,875,000	41,647,000			145,667,000	-27,450,000			-7,727,000	101,636,000	248,065,000	-226,283,000	205,705,000	512,000	182,988,000	4,559,000	159,621,000	-131,718,000	-89,128,000	56,883,000		211,976,000
increase in cash and cash equivalents	204,027,000	-295,491,000	317,939,000	49,971,000	126,215,000	133,703,000	414,889,000	-508,303,000	-226,336,000	742,041,000	-179,695,000	-302,139,000	-1,144,607,000	-955,077,000	356,165,000	714,258,000	754,070,000	-406,280,000	725,980,000	499,340,000		-234,290,000			-526,997,000	-80,870,000	336,033,000	-256,324,000	232,801,000	316,021,000	17,037,000	196,628,000	47,506,000	-151,123,000	91,357,000	249,607,000	-85,570,000	161,794,000	-124,106,000			16,394,000	-69,430,000	-116,623,000	153,828,000	21,160,000	47,913,000
cash and cash equivalents at beginning of year	0	0	2,292,244,000	0	0	1,598,943,000	0	0	0	1,176,652,000	0	0	0	3,758,170,000	0	0	2,209,068,000	0	0	837,493,000	0	0	0	0	1,666,167,000	0	0	0	1,434,527,000	0	0	0	857,335,000	0	0	0	753,064,000	0	0	0	0	0	432,077,000	0	636,003,000	153,465,000	0
cash and cash equivalents at end of period	204,027,000	-295,491,000	2,610,183,000	49,971,000	126,215,000	1,732,646,000		-508,303,000	-226,336,000	1,918,693,000		-302,139,000	-1,144,607,000	2,803,093,000	356,165,000	714,258,000	2,963,138,000	-406,280,000	725,980,000	1,336,833,000	-277,419,000		161,760,000	-46,244,000	1,139,170,000		336,033,000	-256,324,000	1,667,328,000		17,037,000	196,628,000	904,841,000		91,357,000	249,607,000	667,494,000		-124,106,000		-37,002,000	16,394,000	362,647,000	-116,623,000	789,831,000	174,625,000	47,913,000
supplemental information
noncash investing activities:
transfers of other investment securities to equity securities
transfers of loans to oreo	579,000	5,092,000	1,156,000	0	0	119,000		1,206,000	753,000	2,919,000		0	945,000	186,000	270,000	1,451,000	810,000	3,337,000	15,365,000	3,560,000	6,253,000		1,282,000	0	527,000		1,878,000	1,000,000	951,000	2,548,000
right-of-use assets obtained in the exchange for lease liabilities	2,783,000	8,797,000	3,853,000	2,958,000	1,236,000	3,671,000
acquisition of piedmont bancorp, inc.:
assets acquired, net of cash	-29,000	6,152,000	2,219,731,000									0	-217,000	-128,000	0
liabilities assumed	-75,000	1,458,000	2,150,976,000									0	-572,000	2,622,000	0
goodwill	-46,000	-4,694,000	134,715,000									0	-355,000	2,750,000	0
issuance of common stock as consideration for acquisition	0
proceeds from termination of bank-owned life insurance policies			2,105,000
redemption of bank-owned life insurance policies							374,000	1,753,000			0	2,552,000	8,617,000	778,000				0	0	1,186,000	0																	0	8,795,000	620,000	0
proceeds from sales of mortgage servicing rights							0	0
net change in loans				-24,466,000				-285,701,000				-727,408,000			153,427,000	480,888,000	229,967,000		-887,506,000	-140,529,000	-1,582,000	-142,758,000	245,164,000	-525,878,000	32,091,000	126,792,000	257,083,000	182,565,000	-70,415,000	94,468,000	-31,800,000	-84,594,000	4,671,000	-212,759,000	-93,953,000	-42,673,000	58,360,000	-87,413,000	-146,569,000	-113,804,000	-33,097,000	-104,960,000	39,724,000	-118,831,000	32,595,000	25,817,000	16,401,000
operating activities
net income
adjustments to reconcile net income to net cash from operating activities:
provision for credit losses
amortization and accretion
loss on sales of bank premises, oreo, leases and equipment
write-downs on bank premises, oreo, leases and equipment
depreciation
loss on securities
loans originated for sale
proceeds from sales of loans
gain on sales of loans
mortgage repurchase loan losses paid, net of recoveries
stock-based compensation
excess tax benefits from stock-based compensation arrangements																														-6,091,000	779,000	473,000	831,000	170,000	218,000	421,000	214,000	-409,000	51,000	209,000	86,000	21,000	15,000	7,000	28,000
deferred income tax expense
amortization of tax credit investments
originations of mortgage servicing rights
impairment of mortgage servicing rights
recoveries of impairment on mortgage servicing rights
gain on sale of mortgage servicing rights
increase in cash surrender value of bank-owned life insurance policies
accretion (amortization) of net periodic pension costs
interest receivable
other assets
accrued expenses and other liabilities
proceeds from maturities and calls of held to maturity securities
purchases of bank-owned life insurance policies															-35,000,000
acquisition of subsidiaries, net of cash paid																										0	0
proceeds from sales of oreo properties																														2,436,000
time deposits
other deposits
cash and cash equivalents at end of year
transfers of loans to bank premises and equipment												0	0	4,541,000
acquisition of subsidiaries and purchase price adjustments:
benefit from credit losses
gain on securities
contribution to pension plan
amortization of net periodic pension costs
distribution of treasury stock from deferred compensation plan
proceeds from maturities and calls of securities held to maturity															0	0	215,000	0	0	210,000	4,975,000		0	1,000	1,000		41,000	10,002,000	2,886,000		37,000	5,000,000	2,000		216,000	2,000	182,000		721,000		198,000	861,000	168,000	5,387,000	569,000
acquisitions:
acquisition of carolina financial corporation, net of cash paid																		0
distribution of treasury stock for deferred compensation plan																						0								0				0				0	2,000	0	8,000	65,000	4,000	0	86,000
acquisition of carolina financial:
transfer of held to maturity debt securities to available for sale debt securities																					0
repayment of trust preferred issuance																						0	0	0	-9,374,000
decrease in cash and cash equivalents
benefit from loan losses
depreciation, amortization and accretion
(gain) loss on sales of bank premises, oreo and equipment
loans held for sale
purchases of held to maturity securities
proceeds from the issuance of common stock
gain on sales of bank premises, oreo and equipment
(gain) loss on securities
proceeds of long-term federal home loan bank borrowings
net provided by financing activities																													199,778,000
redemption of issued trust preferred securities
cash paid for interest
cash paid for income taxes
acquisition of bank of georgetown, net of cash paid																															0
net used in provided by financing activities																																	-24,247,000
acquisition of virginia commerce bancorp, inc., net of cash paid																																						-2,000	0
loss on sales of bank premises, oreo and equipment
acquisition of centra financial holdings, inc., net of cash acquired
proceeds from long-term federal home loan bank borrowings																																														100,000,000
proceeds from sales of securities held to maturity
net purchases of bank premises and equipment																																														-668,000	-2,062,000
acquisition of centra financial holdings, inc., net of cash paid
net change in other investment securities
net cash from operating activities of continuing operations																																														35,180,000
proceeds from maturities and calls of investment securities																																														1,000,000	823,000
purchases of investment securities																																														-294,000	0
net purchases of bank-owned life insurance
net cash from investing activities of continuing operations																																														129,785,000
net cash from financing activities of continuing operations																																														-143,805,000
net cash from discontinued operations
cash and cash equivalents at beginning of year, continuing operations																																														153,465,000
cash and cash equivalents at beginning of year, discontinued operations
cash and cash equivalents at end of period, continuing operations																																														174,625,000
cash and cash equivalents at end of period, discontinued operations
net cash from operating activities of continued operations
net cash paid in branch divestiture
repayment of federal home loan bank borrowings																																															-173,000
proceeds from federal home loan bank borrowings																																															0
federal funds purchased, securities sold under agreements to repurchase and other borrowings																																															63,501,000

United Bankshares, Inc(NASDAQ:UBSI)

United Bankshares, Inc
(NASDAQ:UBSI)