v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
19. SEGMENT INFORMATION
United operates in one reportable segment, community banking. Through its community banking segment, United offers a full range of products and services through various delivery channels. Included among the banking products and services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, credit card, commercial, and floor plan loans; and the making of construction and real estate loans as well as the origination and sale of residential mortgages in the secondary market. Also offered are trust and brokerage services, safe deposit boxes, and wire transfers. The community banking segment derives revenues mainly from interest income on loans to customers, investment securities held and other short-term investments in addition to fees and income derived related to the services listed above.
The accounting policies of the community banking segment are the same as those described in the summary of significant accounting policies. United’s chief operating decision maker (“CODM”) is its chief executive officer who maintains responsibility for the
day-to-day
management of the Company including regularly reviewing the operating results of the community banking segment in order to assess performance and make decisions about resource allocation based on net income that also is reported on the income statement as consolidated net income. The measure of community banking segment assets is reported on the Consolidated Balance Sheets as total assets.
The CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the community banking segment or into other parts of the entity, such as for acquisitions or to pay dividends. Net income is used to monitor budget versus actual results as well as comparing to prior year’s results. The comparative analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment.
Information about the community banking segment net income for the three and six months ended June 30, 2026 and 2025 is as follows:
 
    
For the Three Months Ended

June 30
     
For the Six Months Ended

June 30
  
    
  2026  
     
  2025  
     
  2026  
     
  2025  
  
Net interest income
    $ 285,312      $ 274,537      $ 567,827      $ 534,592  
Provision for credit losses
      4,961        5,889        12,737        34,992  
Other income
      38,506        31,460        72,569        61,014  
Other expense
            
Employee compensation
      66,549        62,929        130,042        123,795  
Employee benefits
      16,296        13,434        32,276        26,725  
Net occupancy expense
      13,108        12,525        26,121        25,126  
OREO expense
      516        236        991        258  
Net losses on the sales of OREO properties
      37        16        37        5  
Equipment expense
      9,435        8,551        18,175        17,133  
Data processing expense
      7,148        7,952        14,149        16,407  
Bankcard processing expense
      631        588        1,254        1,188  
FDIC insurance expense
      4,550        4,532        9,026        9,260  
Other segment expense
(a)
     36,445        37,257        75,458        81,696  
  
 
 
     
 
 
     
 
 
     
 
 
  
Total other expense
      154,715        148,020        307,529        301,593  
  
 
 
     
 
 
     
 
 
     
 
 
  
Income before income taxes
      164,142        152,088        320,130        259,021  
Income taxes
      32,765        31,367        64,553        53,994  
  
 
 
     
 
 
     
 
 
     
 
 
  
Segment net income
      131,377        120,721        255,577        205,027  
Reconciliation of profit or loss
            
Adjustments and reconciling items
      0        0        0        0  
  
 
 
     
 
 
     
 
 
     
 
 
  
Consolidated net income
    $ 131,377      $ 120,721      $ 255,577      $ 205,027  
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(a)
Other segment expense includes legal, consulting and other professional services expense, franchise and other taxes not on income, expense for reserve on lending-related commitments, ATM expenses, marketing expense, core deposits amortization, and other general operating expenses.
Information about community banking segment total assets as of June 30, 2026 and 2025 is as follows:
 
    
As of June 30,
2026
     
As of June 30,
2025
  
Total Assets
    $ 33,751,832      $ 32,783,363