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Cash Flow Statement (rptd.)UNITED BANKSHARES, INC. (NASDAQ - UBSI) 
 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
NET CASH PROVIDED BY OPERATING ACTIVITIES 
Net income 82,60785,628129,888137,959NA
Adjustments to reconcile net income to net cash provided by operating activities 
Provision for loan losses 17,86219,26721,93722,574NA
Depreciation, amortization and accretion 9,72311,6791,574746NA
Loss (gain) on sales of bank premises, OREO and equipment 262592(8,523)181NA
(Gain) loss on securities 6,9305,8093,112(155)NA
Loans originated for sale (146,966)(135,260)(96,437)(145,836)NA
Proceeds from sales of loans 135,577151,35793,869146,342NA
Gain on sales of loans (2,471)(2,571)(1,876)(2,507)NA
Stock-based compensation 1,9081,7862,1952,484NA
Deferred income tax expense 3372,99010,0971,729NA
Increase in cash surrender value of bank-owned life insurance policies (5,039)(6,043)(3,375)(5,557)NA
Amortization of net periodic pension costs 3,5674,0944324,380NA
Changes in 
Interest receivable 159(364)1,708(3,467)NA
Other assets 17,2649,721(5,356)21,663NA
Accrued expenses and other liabilities 7,719(6,486)(4,460)(2,245)NA
NET CASH PROVIDED BY OPERATING ACTIVITIES 129,439142,199144,785178,291123,865
INVESTING ACTIVITIES 
Proceeds from maturities and calls of securities held to maturity 15,9732,4791,5181,0565,039
Purchases of held to maturity securities NA00(1,000)NA
Proceeds from sales of securities available for sale 5,38114,35294,2497,316103,411
Proceeds from maturities and calls of securities available for sale 1,991,166683,913440,240183,950264,834
Purchases of securities available for sale (1,926,898)(845,908)(445,477)(85,249)(385,030)
Redemption of bank-owned life insurance policies 02,5738,9301,974NA
Purchases of bank premises and equipment (5,207)(5,995)(8,876)(5,263)(4,150)
Proceeds from sales of bank premises and equipment 2,23820311,430866229
Acquisition of Virginia Commerce Bancorp, Inc., net of cash paid 0097,2960NA
Purchases of other investment securities (5,665)(40,237)(61,275)(22,181)(61,193)
Proceeds from sales and redemptions of other investment securities 13,34527,64852,80419,84547,285
Proceeds from sales of OREO properties NANANANA15,435
Acquisition of Bank of Georgetown, net of cash paid NANANANA29,330
Net change in loans (298,474)(212,137)(395,638)(291,025)(111,723)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (208,141)(373,109)(204,799)(189,711)(96,533)
FINANCING ACTIVITIES 
Cash dividends paid (62,333)(62,434)(82,496)(88,864)(71,129)
Excess tax benefits from stock-based compensation arrangements 35331731,0232,083
Acquisition of treasury stock (12)(93)(2)(1)(1)
Proceeds from exercise of stock options 1152,3649,8787,8714,668
Repayment of long-term Federal Home Loan Bank borrowings (55,398)(54,342)(436,734)(794,455)(725,077)
Proceeds from issuance of long-term Federal Home Loan Bank borrowings 0345,000790,000705,000795,000
Redemption of issued trust preferred securities (5,155)0(28,676)0NA
Distribution of treasury stock for deferred compensation plan 130778111
Changes in 
Deposits NANANANA265,183
Time deposits (299,803)(220,640)262,989(135,674)NA
Other deposits 237,00189,395140,266433,414NA
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings 60,196115,792(258,918)(12,624)(36,889)
NET CASH PROVIDED BY FINANCING ACTIVITIES (125,224)215,450396,461115,691233,839
Increase in cash and cash equivalents (203,926)(15,460)336,447104,271261,171
Cash and cash equivalents at beginning of year 636,003432,077416,617753,064857,335
Cash and cash equivalents at end of period 432,077416,617753,064857,3351,118,506
Supplemental information 
Noncash investing activities 
Transfers of loans to OREO NANANANA19,228


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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