United Community Banks (UCB) 8-K Results of Operations and Financial Condition

      Jimmy C. Tallent   President & CEO   H. Lynn Harton   Chief Operating Officer   Rex S. Schuette   EVP & Chief Financial Officer rex_schuette@ucbi.com (706) 781-2266   David P. Shearrow   EVP & Chief Risk Officer

  2   Cautionary Statement   This news release contains forward‐looking statements, as defined by federal securities laws, including statements about United’s financial outlook and business environment. These statements are based on current expectations and are provided to assist in the understanding of future financial performance. Such performance involves risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements. For a discussion of some of the risks and other factors that may cause such forward‐looking statements to differ materially from actual results, please refer to United Community Banks, Inc.’s filings with the Securities and Exchange Commission including its 2011 Annual Report on Form 10‐K under the sections entitled “Forward‐Looking Statements”. Forward‐looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward‐looking statements.

    3   Non-GAAP Measures   This presentation also contains financial measures determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). Such non‐GAAP financial measures include the following: net interest margin – pre credit, core net interest margin, core net interest revenue, core fee revenue, core operating expense, core earnings, net operating income (loss) and net operating earnings (loss) per share, tangible common equity to tangible assets, tangible equity to tangible assets and tangible common equity to risk‐weighted assets. The most comparable GAAP measures to these measures are: net interest margin, net interest revenue, fee revenue, operating expense, net income (loss), diluted earnings (loss) per share and equity to assets.   Management uses these non‐GAAP financial measures because we believe it is useful for evaluating our operations and performance over periods of time, as well as in managing and evaluating our business and in discussions about our operations and performance. Management believes these non‐GAAP financial measures provide users of our financial information with a meaningful measure for assessing our financial results and credit trends, as well as for comparison to financial results for prior periods. These non‐GAAP financial measures should not be considered as a substitute for financial measures determined in accordance with GAAP and may not be comparable to other similarly titled financial measures used by other companies. For a reconciliation of the differences between our non‐GAAP financial measures and the most comparable GAAP measures, please refer to the ‘Non‐GAAP Reconcilement Tables’ at the end of the Appendix to this presentation.

    4   United at a Glance   Founded in 1950 27 Banks and 104 Offices   Third‐largest bank holding company in Georgia   Headquartered in Blairsville, Georgia with 105 locations throughout north Georgia, metro Atlanta, coastal Georgia, western North Carolina and east Tennessee   1,590 employees   Deposit Market Share(1) Key Statistics as of 12/31/12   Market Banks Offices Deposit Share Rank (billions)   North Georgia 11 22 32% 1 Total assets $6.80 Atlanta MSA 10 37 4 7 Total deposits $5.95 Gainesville MSA 1 5 12 5 Loans $4.18 Coastal Georgia 2 8 4 8 Western North Carolina 1 20 12 3 East Tennessee 2 11 2 9   ¹ FDIC deposit market share and rank as of 6/12 for markets where United takes deposits. Source: SNL and FDIC. Excludes 2 Loan Production Offices.

 
  5   PERFORMANCE – TRENDS

  6   Highlights Fourth Quarter    Improving Quarterly Results    Net income of $9.26 million, or 11 cents per share    Sixth quarterly profit in past seven quarters    Core earnings (pre-tax, pre-credit) of $29.1 million    Modest Loan Growth, Both Linked Quarter and Year Ago    Increased commercial and retail lending opportunities    Solid Improvement in All Credit Quality Metrics    Metrics improving across all areas    Strong Core Transaction Deposit Growth    Year-to-date up 11%    Building customer deposit base    Represents 55% of total customer deposits compared to 34% at the end of 2008

  7   Net Interest Revenue   $ in millions   *Excludes $2 million accrued interest on performing loans sold in connection with the bulk loan sale in 1Q11 that we were not paid for as part of the agreement with the purchaser.

  8   Core Fee Revenue - Improving   $ in millions

  9   Core Operating Expenses – Gaining Efficiencies   $ in millions

  10   Core Deposit Mix - Improving   $ in billions 1Q11 4Q12 $5.91 $5.71   Public Public Funds Funds 11% 13% Core   Transaction Core 46% Time Transaction Time 31% 56% 43%   1Q11 4Q12   Demand / NOW $ 1,576 $ 1,841 MMDA / Savings 1,149 1,372   Core Transaction 2,725 3,213   Time 2,516 1,050 Public Deposits 672 739   Total Deposits 5,913 5,002

  11   Key Driver of Net Interest Revenue – Loan Growth   Margin Compression Due to    Loan and securities pricing under pressure    Difficult to lower deposit pricing

  12   Key Drivers of Net Interest Revenue / Margin   Net Interest Revenue Growth   %    Offset margin compression by growing loans    4Q12 impacted by: Overlap of sub-debt (5 bps) Full quarter impact of scheduled repricing of $90 million corporate bonds from fixed to floating rate (5 bps) New/renewed loan repricing, including new   *Excludes $2 million accrued interest on performing loans sold in connection with the bulk loan sale in 1Q11 HELOC program that we were not paid for as part of the agreement with the purchaser.

  13   New Loans Funded (> $100 Thousand)   $ in millions   Loans ($ bns): $4.163 $4.110 $4.110 $4.128 $4.119 $4.138 $4.175

  14   Loan Portfolio – Diversifying ($ in billions)   1Q11 4Q12   Retail Retail 31% 33%   C & I C & I 34% 38%   Constr Inv RE Constr   18% 17% 13% Inv RE   16%   1Q11 4Q12   Commercial C&I $ 1.425 $ 1.590 Commercial Inv. RE .698 .682 Construction .763 .536 Retail 1.308 1.367   $ 4.194 $ 4.175

  15   Core Earnings – Growth Through Fee Revenue / Expense Efficiencies   $ in millions

  16   Net Income (Loss)   $ in millions   *Includes $25 million provision for large customer relationship

  17   Non-Performing Assets (NPAs)   $ in millions   $188.8   $160.1 $161.6 $138.1 $145.7 $142.0 $128.2 $118.7   *NPAs to total assets – 1.88% / Allowance to loans at 2.57%

  18   Non-Performing Loans (NPLs) Inflow Trends 18   $ in millions   Quarterly NPL Inflows Since 2009   89.5%   $193.3 $200.0 $177.7 $174.8 $174.9 Decline   $155.0 from Peak   $150.0 $139.0 $119.8 $103.4 $100.0 $81.0 $54.7 $35.9 $45.7 $50.0 $32.4 $29.4 30.5 20.2 $0.0 Q1 ‘09 Q2 ‘09 Q3 ‘09 Q4 ‘09 Q1 ‘10 Q2 ‘10 Q3 ‘10 Q4 ‘10 Q1 ‘11 Q2 ‘11 Q3 ‘11 Q4 ‘11 Q1 ‘12 Q2 ‘12 Q3 ‘12 Q4 ‘12   Resi Construction Com. Construction Resi. Mortgage Com. RE Commercial Consumer Single Customer   Total NPLs

  19   Performing Classified Loans   $ in millions

  20   OUTLOOK

    21   Our goal: leverage our strengths    Strong Local Leadership    Funding Advantage in Our Legacy Markets    Consistent and Attractive Culture    Class leading customer satisfaction    Low employee turnover

  22   To grow our business the right way    Become Better Retail and Small Business Bank    Grow sales: Better product design, merchandising, campaign execution    HELOC program success: $100 million in new balances    Invest in people

  23   To grow our business the right way    Continue to Invest In, and Improve, Commercial Capabilities    Diversify portfolio – Focus on C&I and owner occupied    Success in Atlanta and Savannah markets    Invest in people: 30 lenders past 2 years ($300 million)    Enter new markets: Opened LPO in Greenville SC (4Q12)    Positive net loan growth going forward    Executed Customer Derivative Swap Program – Meeting Customer Needs and Adding Fee Revenue

  24   Grow existing fee businesses at faster pace    Mortgage First Priority    Performing well, but at 50% of peers    Focus on home purchase product as well as refinancings    Focus on lower performing markets    Invest in management, people and new markets   $3.26 $2.80 $2.32 $2.10 $1.83    Advisory Services    Customer satisfaction high    Invest in management, people and new markets

  25   Summary    Focus on Core Earnings Growth – Fee Revenue, Expenses, Efficiencies    Goal for 4Q13 – increase $10 million annually from 4Q12    Offsetting Margin Headwinds Through Loan Growth and Improving Deposit Mix    Goal loan growth in 2013 – 4 to 6 percent    Expecting quarterly margin compression in 2013 – 2 to 4 basis points    Steady Progress on Credit; Improving Through 2013    Charge-offs / provisioning improvement by 4Q13 – 80 to 100 basis points    Solid Strengths – Size, Culture, Capital    Well-Positioned in All Areas for Opportunities

  26   FINANCIAL REVIEW

  27   Core Earnings Summary 27   (in thousands)   Variance - Increase / (Decrease) 4Q12 3Q12 4Q11   Net Interest Revenue $ 56,028 $ (1,343) $ (3,022)   Fee Revenue 14,614 1,611 3,172    Gross Revenue 70,642 268 150   Operating Expense (Excl OREO) 41,552 1,029 (2,291)    Pre-Tax, Pre-Credit (Core) $ 29,090 $ (761) $ 2,441Net Interest Margin 3.44 % (.16) % (.07)

  28   Fee Revenue - Core 28   (in thousands)   Variance - Increase / (Decrease) 4Q12 3Q12 4Q11   Overdraft Fees $ 3,464 $ 102 $ (73) Debit Card Fees 3,701 638 732 Other Service Charges 1,210 (61) 468 Total Service Charges and Fees 8,375 679 1,127 Mortgage Loan & Related Fees 3,262 462 1,437 Brokerage Fees 751 42 (31) Other 2,163 365 576   Total Fee Revenue - Core 14,551 1,548 3,109   Non-Core(1) 210 (551) (1,015)   Reported - GAAP $ 14,761 $ 997 $ 2,094   (1) Includes net securities gains and charges on prepayment of FHLB advances, hedge ineffectiveness gains, gains from the sale of low income housing tax credits, interest on Federal income tax refund and mark to market adjustments on United’s deferred compensation plan assets.

  29   Operating Expenses - Core 29   (in thousands)   Variance - Increase / (Decrease) 4Q12 3Q12 4Q11   Salaries & Employee Benefits $ 22,960 $ 596 $ (2,578) Communications & Equipment 3,320 66 191 Occupancy 3,455 (84) (517) FDIC Assessment 2,505 (32) (94) Advertising & Public Relations 987 53 43 Postage, Printing & Supplies 1,050 96 33 Professional Fees 2,685 505 689 Other Expense 4,527 (234) (121)   Core Operating Expenses 41,489 966 (2,354)   Non-Core(1) 5,237 977 (2,000)   Reported GAAP $ 46,726 $ 1,943 $ (4,354)   (1) Includes foreclosed property costs, adjustment to reclassify pension plan actuarial gains and losses and unamortized prior service costs to other comprehensive income, severance costs and mark to market adjustments on United’s deferred compensation plan liability.

  30   Net Operating Income 30   (in thousands)    Variance - Increase / (Decrease) 4Q12 3Q12(1) 4Q11 Core Earnings (Pre-Tax, Pre-Credit) $ 29,090 $ (761) $ 2,441   Provision for Loan Loss (14,000) (1,500) -   NON-CORE FEE REVENUE:   Hedge Ineffectiveness Gaines (Losses) 116 (492) (197) Securites Gains (Losses) 31 31 27 Gains from Sale of Low Income Housing Tax Credits - - (728) Gains (Losses) on Deferred Compensation Plan Assets 63 (90) (117)    Total Non-Core Fee Revenue 210 (551) (1,015)   NON-CORE OPERATING EXPENSES:   Foreclosed Property Write Downs 1,438 (956) (2,454) Foreclosed Property (Gains) Losses on Sales 1,750 1,400 (1,291) Forclosed Property Maintenance Expenses 1,423 461 (946) Severance Costs 563 162 563 Reclassification of Pension Actuarial Gains to AOCI - - 2,245 Gains (Losses) on Deferred Comp Plan Liability 63 (90) (117)    Total Non-Core Operating Expenses 5,237 977 (2,000)   Income Tax (Expense) Benefit (802) 518 (4,066)   Net Income $ 9,261 $ (1,307) $ (640)

  31   Net Income 31   (in thousands)   Variance - Increase / (Decrease) 4Q12 3Q12 4Q11 Net Income $ 9,261 $ (1,307) $ (640)   Preferred Stock Dividends (3,045) (4) (20)   Net Income Avail to Common Shareholders $ 6,216 $ (1,311) $ (660)    Net Income Per Share $ .11 $ (.02) $ (.01)    Tangible Book Value $ 6.64 $ - $ .17   (DTA Allowance $272 Million - $4.70 / Share)   Shares Outstanding (millions) 58.0 .1 .3

  32   Earnings Summary 2012 Full Year   (in millions)   Over/(Under) Full Year 2012 2011   Net Interest Revenue $ 229.1 $ (6.6) Fee Revenue 53.5 9.3 Operating Expense (Excl OREO) (166.1) 14.2 Core Earnings (Pre-Credit) 116.5 16.9   Provision for Loan Losses (62.5) (16.5)   -Fletcher - 25.0 Asset Disposition Plan - 246.2   NON-CORE FEE REVENUE:   Sec Gains (Losses), Net of Prepmt Losses .4 .3 Tax Credit Sale/IRS Refund 1.8 1.1 Hedge Ineffectiveness .7 (4.3)   Total Non-Core Fee Revenue 2.9 (2.9)   NON-CORE OPERATING EXPENSE:   Foreclosed Property Costs (OREO) (14.0) 4.3 Severance, Modified Retirement (2.3) (3.4)   Total Non-Core Operating Expense (16.3) .9   Income Taxes (2.7) (5.0) Net Income $ 37.9 $ 264.6

  33   Net Income Summary 2012 Actual – Full Year   (in thousands)   Full Year Over/(Under) 2012 2011 Net Income $ 37,856 $ 264,602   Earnings per Share $ .44 $ 6.41 Margin 3.50 % .06   Return on Equity 6.43 %   Return on Tangible Equity 7.29   Return on Assets .55   Operating Efficiency 64.02 -Core (Excl. OREO) 58.77   Tangible Book Value $ 6.64 .17   -Book Value DTA Recovery $271 M illion or $4.69 /Share

    34   Fee Revenue – Core 2012 Full Year   (in millions)   Over / 2012 2011 (Under)   NSF & Bounce Safe Fees $ 13.3 $ 14.2 $ (.9) Interchange Income 13.1 12.1 1.0 Other Service Charges 5.3 2.8 2.5 Mortgage Loan & Related Fees 10.5 5.4 5.1 Advisory Services 3.1 3.0 .1 Other 8.2 6.7 1.5   Core 53.5 44.2 9.3   Non-Core(1) 3.3 5.7 (2.4)   Reported-GAAP $ 56.8 $ 49.9 $ 6.9   (1) Excludes Securities Gains (Losses), Hedge Ineffectiveness Gains

  35   Operating Expenses – Core 2012 Full Year   (in millions)   Over / 2012 2011 (Under)   Salaries & Employee Benefits $ 93.2 $ 101.3 $ (8.1) Communications & Equipment 12.9 13.1 (.2) Occupancy 14.3 15.6 (1.3) FDIC Assessment 10.1 14.3 (4.2) Advertising & Public Relations 3.9 4.3 (.4) Postage, Printing & Supplies 3.9 4.3 (.4) Professional Fees 8.8 8.7 .1 Other Expense 19.0 18.7 .3   Core 166.1 180.3 (14.2)   Non-Core(1) 16.7 81.3 (64.6)   Reported-GAAP $ 182.8 $ 261.6 $ (78.8)   (1) Excludes Securities Gains (Losses), Hedge Ineffectiveness Gains

  36   Deposit Pricing, Excluding Brokered Deposits 36   Note – CD pricing reflects the quarter-ending new and renewed yield. MMDA / NOW pricing reflects the deposit yield for each quarter

  37   Customer Deposit Mix Improving 37   (in millions)   4Q12   56% $5.7B   Public   Demand &   4Q12 3Q12 4Q11 4Q08 Funds   NOW   Demand / NOW $ 1,841 $ 1,796 $ 1,674 $ 1,457 Time 14%   32%   MMDA / Savings 1,372 1,342 1,228 630 >$100k 12%    Core Transaction 3,213 3,138 2,902 2,087   Time    11% Growth - $311 Million <$100k MMDA & 18% Sav.   24%    54% Growth   Customer   Time < $100,000 1,050 1,118 1,326 1,945 4Q08 Public Deposits 739 612 844 755 $6.2B    Total Core 5,002 4,868 5,072 4,787 Public   Funds Demand &   14% 34% NOW   Time >$100,000 674 699 807 1,336   23%   Public Deposits 31 32 40 87   Time >$100k    Total Customer 5,707 5,599 5,919 6,210 22%   MMDA & Sav.   10%   Brokered Deposits 245 224 179 793    Total Deposits $ 5,952 $ 5,823 $ 6,098 $ 7,003 Time <$100k 31%

  38   Core Deposit Growth – Category and Market 38   (in millions, excluding public)   Growth   Year CATEGORY 4Q12 2012   Demand $ 34.3 $ 232.2 MM Accounts 24.7 115.1 Savings 4.9 28.8 NOW 11.3 (65.4) Total Categories $ 75.2 $ 310.7   Percent Growth (Annualized) 10 % 11 %   MARKET   Atlanta $ 44.1 $ 159.9 North Carolina 2.2 46.8 Coastal Georgia 18.4 37.9 N. Georgia 4.4 41.4 Tennessee (3.8) 8.8 Gainesville 9.9 15.9 Total Markets $ 75.2 $ 310.7

  39   Capital Ratios 39    Well-   Capitalized DEC ‘12 SEP ‘12 JUN ‘12 Bank Tier 1 RBC 6 % 14.6 % 14.5 % 14.4 % Total RBC 10 15.8 15.7 15.7 Leverage 5 9.9 9.9 9.2   Holding Company   Tier 1 RBC 6 14.2 14.3 14.3 Total RBC 10 15.8 15.8 16.0 Leverage 5 9.7 9.8 9.2 Tier I Common RBC 8.9 8.8 8.8   Tangible Equity to Assets 8.6 8.7 8.2 Tangible Common to Assets 5.7 5.7 * 5.5   *DTA Allowance of $271 million; when reversed adds 3.6%

  40   LOAN PORTFOLIO & CREDIT QUALITY

    41   Loan Portfolio (total $4.18 billion)   $1.21B Residential Mortgage   o n   29% t i   u c   B t r   . 38 n s $ o lC t i a % n 9 d e i es   R   $2.43B Commercial 58%   4Q12 3Q12 2Q12 1Q12 4Q11   Total Loans $4.18 $4.14 $4.12 $4.13 $4.11

  42   New Loans Funded (> $100 Thousand) – Category and Market   (in millions)   Year Year CATEGORY 4Q12 2012 MARKET 4Q12 2012   Commercial C & I $ 18.9 $ 80.9 Atlanta $ 49.0 $ 181.9 Owner Occupied CRE 47.4 150.0 Coastal Georgia 31.7 88.3 Income Producing CRE 13.4 57.0 N. Georgia 33.5 116.8 Commercial Constr. 1.9 12.4 North Carolina 12.6 40.0 Total Commercial 81.6 300.3 Tennessee 12.4 54.0 Residential Mortgage 29.7 100.7 Gainesville 10.6 24.2 Residential HELOC 26.9 68.1 Total Markets $ 149.8 $ 505.2 Residential Construction 10.4 31.1 Consumer 1.2 5.0 Total Categories $ 149.8 $ 505.2

  43   Commercial Loans (total $2.43 billion)   6% 19% Comm C & I Const $.46B $.15B   28% Income Producing $.68B   47% Owner Occupied $1.13B

    44 44   Commercial Real Estate (by loan type)   December 31, 2012 Portfolio Characteristics   Owner Income   (in millions) Occupied Producing Total Percent Office Buildings $ 300 $ 198 $ 498 25 %   Multi-Residential/Other Properties 148 119 267 15 62.4% owner-occupied Small Warehouses/Storage 114 66 180 10 Retail 36 113 149 8 Churches 135 - 135 7 Small business, doctors, Convenience Stores 88 17 105 6 dentists, attorneys, CPAs Hotels/Motels - 84 84 5 Franchise / Restaurants 37 35 72 4 Farmland 59 - 59 3 $12 million project limit Manufacturing Facility 49 7 56 3 Auto Dealership/Service 42 10 52 3 Golf Course/Recreation 33 - 33 2 Average Loan Size Leasehold Property 17 16 33 2 Daycare Facility 16 9 25 2 o $469 Composite CRE Carwash 17 - 17 1 Funeral Home 16 1 17 1 o $427 Owner Occupied Movie TheaterBowling/Recreation 15 - 15 1 Marina 9 - 9 1 o $606 Income Producing Mobile Home Parks - 7 7 1 Total $ 1,131 $ 682 $ 1,813

  45 45   Commercial Construction (by loan type)   December 31, 2012 (in millions) Amount Percent   Land Develop - Vacant (Improved) $ 65 42 % Portfolio Characteristics Raw Land - Vacant (Unimproved) 42 27 Commercial Land Development 21 14 Office Buildings 8 5 Average loan size: $414k Churches 5 3 Warehouse 2 1 Hotels/Motels 1 1 Convenience Stores 1 1 Miscellaneous Construction 10 6 Total Commercial Construction $ 155 100 %

    46   Residential Mortgage (total $1.21 billion)   Home Equity 32% $.38B   Avg loan size $48k   Origination Characteristics   ■ No broker loans   ■ Policy Max LTV: 80-85%   ■ 62% of HE Primary Lien

  47   Residential Construction (total $.38 million)   a L d n   12% Raw $45   51% 16% Lot Developing $193 $62   10% Sold $40   11% Spec $41   Average Loan Size (in thousands)   Spec $227 Sold 122 Develop 560 Raw Land115

  48   Residential Construction – Total Company   4Q12 vs. (in millions) 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   Land Loans   Developing Land $ 62 $ 71 $ 78 $ 86 $ 88 $ (26) Raw Land 46 41 45 57 61 (15) Lot Loans 193 196 203 204 207 (14)   Total 301 308 326 347 356 (55)   Construction Loans   Spec 41 44 49 57 59 (18) Sold 40 37 34 32 33 7   Total 81 81 83 89 92 (11) Total Res Construction $ 382 $ 389 $ 409 $ 436 $ 448 $ (66)   By Region   Atlanta $ 66 $ 68 $ 76 $ 86 $ 86 $ (20) Gainesville MSA 17 17 19 20 20 (3) North Georgia 183 184 193 206 214 (31) North Carolina 82 85 87 88 91 (9) Coastal Georgia 11 23 22 23 24 (13) Tennessee 23 12 12 13 13 10   Total Res Construction $ 382 $ 389 $ 409 $ 436 $ 448 $ (66)

  49   Credit Quality 49   (in millions)   4Q12 3Q12 2Q12 1Q12 4Q11 Net Charge-offs(1) $ 14.5 $ 20.6 $ 18.9 $ 15.9 $ 20.6   as % of Average Loans(1) 1.39 % 1.99 % 1.85 % 1.55 % 1.99 %   Allowance for Loan Losses $ 107.1 $ 107.6 $ 112.7 $ 113.6 $ 114.5   as % of Total Loans 2.57 % 2.60 % 2.74 % 2.75 % 2.79 % as % of NPLs 97 94 98 88 90   Past Due Loans (30 89 Days) .65 % .68 % .65 % .86 % .75 %   Non-Performing Loans $ 109.9 $ 115.0 $ 115.4 $ 129.7 $ 127.5 OREO 18.3 27.0 30.4 31.9 32.8 Total NPAs 128.2 142.0 145.8 161.6 160.3   Performing Classified Loans 261.9 284.0 324.0 317.0 328.0 Total Classified Assets $ 390.1 $ 426.0 $ 469.8 $ 478.6 $ 488.3   Accruing TDRs (see page 48) $ 122.8 $ 138.3 $ 141.6 $ 125.8 $ 105.8   As % of Original Principal Balance   Non-Performing Loans 69.5 % 68.8 % 68.8 % 70.6 % 71.3 % OREO 39.7 36.4 39.3 36.1 35.9   Total NPAs as % of Total Assets 1.88 2.12 2.16 2.25 2.30 as % of Loans & OREO 3.06 3.41 3.51 3.88 3.87   (1) Excludes $25 million of charge-offs for largest loan relationship in 4Q11.

  50   Performing Classified Loans 50   (in millions)   LOANS BY CATEGORY 4Q12 3Q12 2Q12 1Q12 4Q11   Commercial (Sec. by RE):   Owner Occupied $ 65 $ 77 $ 54 $ 78 $ 79 Income Producing 53 49 94 56 64 Total Comm (Sec. by RE) 118 126 148 134 143 Commercial & Industrial 18 19 16 17 16 Commercial Construction 19 27 38 23 18   Total Commercial 155 172 202 174 177   Residential Mortgage 65 73 73 76 76 Residential Construction 38 35 46 64 72 Consumer / Installment 4 3 3 3 3   Total Classified Loans $ 262 $ 283 $ 324 $ 317 $ 328

  51   TDRs by Loan Type   (in thousands)   LOAN TYPE Accruing(1) Non-Accruing Total TDRs As of December 31, 2012   Commercial (Sec by RE) $ 63,975 $ 12,216 $ 76,191 Commercial & Industrial 7,053 198 7,251 Commercial Construction 16,370 17,439 33,809 Total Commercial 87,398 29,853 117,251 Residential Mortgage 17,210 2,086 19,296 Residential Construction 17,853 5,932 23,785 Consumer Installment 309 122 431 Total $ 122,770 $ 37,993 $ 160,763   (1) ___ percent of accruing TDR loans have an interest rate of 4 percent of greater.   As of September 30, 2012   Commercial (Sec by RE) $ 72,042 $ 8,530 $ 80,572 Commercial & Industrial 6,960 239 7,199 Commercial Construction 24,016 11,850 35,866 Total Commercial 103,018 20,619 123,637 Residential Mortgage 16,041 1,446 17,487 Residential Construction 18,922 5,850 24,772 Consumer Installment 337 99 436 Total $ 138,318 $ 28,014 $ 166,332   (1) 75 percent of accruing TDR loans have an interest rate of 4 percent of greater

  52   Net Charge-offs by Loan Category 52   (in thousands)   4Q12 % of Average Loans (Annualized)   % of Avg   Total Loans 3Q12 2Q12 1Q12 4Q11(1) Commercial (Sec. by RE): Owner Occupied $ 4,997 1.76 % 3.56 % .46 % .87 % 1.16 % Income Producing 1,153 .67 .70 1.75 .70 .57 Total Comm (Sec. by RE) 6,150 1.35 1.79 .95 .81 .90 Commercial & Industrial 135 .12 (.23) .70 .62 1.08 Commercial Construction 1,688 4.25 7.74 .21 .81 1.75 Total Commercial 7,973 1.30 1.81 .86 .78 1.06   Residential Mortgage 3,254 1.55 1.40 .70 1.98 2.13 Home Equity LOC 445 .49 .80 2.60 1.70 1.79 Residential Construction 2,435 2.52 5.69 9.14 4.84 6.77 Consumer/ Installment 398 1.10 .78 .88 1.72 1.47 Total Net Charge-offs $ 14,505 1.39 1.99 1.85 1.55 1.99   (1) Excludes charge-offs for largest loan relationship of Commerical Construction $2,863; Commercial & Industrial $17,046; CRE Income Producing $901; and, Residential Construction

  53   Net Charge-offs by Market 53   (in millions)   4Q12 % of Average Loans (Annualized)   % of Avg   Total Loans 3Q12 2Q12 1Q12 4Q11(1) North Georgia $ 4,474 1.26 % 1.84 % 3.58 % 2.56 % 2.70 % Atlanta MSA 3,977 1.27 3.02 .75 .89 1.37 North Carolina 2,032 1.39 1.15 2.52 1.14 2.10 Coastal Georgia 574 .60 2.67 .23 1.53 .41 Gainesville MSA 1,331 2.04 .45 (.29) 1.35 3.84 East Tennessee 2,117 2.98 .45 .68 .34 .59   Total $ 14,505 1.39 1.99 1.85 1.55 1.99   (1) Excludes charge-offs for largest loan relationship of in North Georgia of $25,000

  54   NPAs by Loan Category and Market 54   (in thousands)   4Q12 4Q12   NPLs OREO Total NPAs NPLs OREO Total NPAs   LOAN CATEGORY MARKETS   Commercial (sec. by RE): North Georgia $ 69,950 $ 8,219 $ 78,169 Owner Occupied $ 12,599 $ 4,989 $ 17,588 Atlanta MSA 18,556 3,442 21,998 Income Producing 9,549 490 10,039 North Carolina 11,014 2,579 13,593 Commercial & Industrial 31,817 - 31,817 Coastal Georgia 3,810 1,609 5,419 Commercial Construction 23,843 2,204 26,047 Gainesville MSA 903 556 1,459 Total Commercial 77,808 7,683 85,491 East Tennessee 5,661 1,859 7,520   Total $ 109,894 $ 18,264 $ 128,158   Residential Mortgage 12,589 4,753 17,342 Residential Construction 18,702 5,828 24,530 Consumer/ Installment 795 - 795   Total $ 109,894 $ 18,264 $ 128,158

  55   APPENDIX

  56   Experienced Proven Leadership 56   Joined Years in UCBI Banking   Jimmy Tallent President & CEO 1984 38 Lynn Harton Chief Operating Officer 2012 29 Rex Schuette Chief Financial Officer 2001 35 David Shearrow Chief Risk Officer 2007 31 Bill Gilbert Director of Banking 2000 36 Tim Schools Chief Strategy Officer 2011 12 Ray Skinner Retail Banking 2012 22

  57   Business and Operating Model 57   Twenty-seven “community banks”    Local CEOs with deep roots in their communities    Resources of $6.80 billion bank   Service is point of differentiation    #1 in Customer Satisfaction according to Customer Service Profiles    J.D. Power Customer Service Champion for 2011    Recognized 40 companies in the U.S.    Only bank to be recognized    Golden rule of banking    “The Bank That SERVICE Built”    Ongoing customer surveys    95% satisfaction rate   Strategic footprint with substantial banking opportunities    Operates in a number of the more demographically attractive markets in the U.S.   Disciplined growth strategy    Organic supported by de novos and selective acquisitions   “Community bank service, large bank resources”

    58 58   Robust Demographics (fast growing markets)   Population Growth (%) Population Actual Projected Markets1(in thousands) 2000 - 2011 2011 - 2016   North Georgia 386 21 % 4 % Atlanta, GA MSA 5,321 25 5 Gainesville, GA MSA 181 30 4 Coastal Georgia 385 15 5 Western North Carolina 441 15 5 East Tennessee 862 14 5 Greenville-Mauldin-Easley, SC MSA 645 15 6   Total Markets   Georgia 9,775 19 5 North Carolina 9,659 20 7 South Carolina 4,682 17 6 Tennessee 6,402 13 4 United States 310,704 10 3   ¹ Population data is for 2011 and includes those markets where United takes deposits. No deposits in SC.    Source: SNL

    59   Market Share Opportunities 59   Excellent growth prospects   Market United   Deposits Deposits Deposit   Markets (in billions)(1) (in billions)(2) Banks Offices Share(1) Rank(1)   North Georgia $ 6.4  $ 2.0 11 22 32 % 1 Western North Carolina 6.4  .9 1 20 12 3 Gainesville MSA 2.6  .3 1 5 12 5 Atlanta MSA 50.2  2.1 10 37 4 7 Coastal Georgia 7.3  .3 2 8 4 8 East Tennessee 16.0  .3 2 11 2 9   Total Markets $ 88.9  $ 5.9 27 103   ¹ FDIC deposit market share and rank as of 6/12 for markets where United takes deposits. Source: SNL and FDIC.   2 Based on current quarter.   3 Excludes two loan production offices

    60   Leading Demographics 60   2011 ‐ 2016 Total Assets Population Rank Ticker Company(1) State ($B) Growth(2)   1 CFR Cullen/Frost Bankers, Inc. TX 21.8 8.41   2 IBOC International Bancshares Corporation TX 12.1 7.08   3 HBHC Hancock Holding Company MS 18.5 6.94   4 PB Prosperity Bancshares, Inc. TX 13.7 6.21   5 FCNCA First Citizens BancShares, Inc. NC 21.2 6.18   6 GBCI Glacier Bancorp, Inc. MT 7.6 5.69   7 FIBK First Interstate BancSystem, Inc. MT 7.5 5.44   8 TCBI Texas Capital Bancshares, Inc. TX 9.9 5.12   9 UCBI United Community Banks, Inc. GA 6.8 5.05   10 CBF Capital Bank Financial Corporation FL 6.2 4.99   11 FCBN First Citizens Bancorporation, Inc. SC 8.3 4.94   12 BOKF BOK Financial Corporation OK 27.1 4.72   13 IBKC IBERIABANK Corporation LA 12.5 4.64   14 WAL Western Alliance Bancorporation AZ 7.4 4.50   15 STSA Sterling Financial Corporation WA 9.5 4.10   NOTE: Financial information as of September 30, 2012   (1) Includes publicly traded companies with assets between $5.0 ‐ $50.0 billion as of September 30, 2012   (2) Population growth weighted by county (cumulative) Data Source: SNL Financial

  61   Loans / Deposits - Liquidity 61   (in millions)   Variance 4Q12 3Q12 4Q11 vs 3Q12 vs 4Q11   Loans $ 4,175 $ 4,138 $ 4,110 $ 37 $ 65   Core (DDA, MMDA, Savings) $ 3,213 $ 3,138 $ 2,902 $ 75 $ 311 Public Funds 770 644 884 126 (114) CD’s 1,724 1,817 2,133 (93) (409) Total Deposits (excl Brokered) $ 5,707 $ 5,599 $ 5,919 $ 108 $ (212)   Loan to Deposit Ratio 73% 74% 69%   Investment Securities:   Available for Sale -Fixed $ 1,126 $ 1,002 $ 1,227 $ 124 $ (101) -Floating 712 760 563 (48) 149 Held to Maturity -Fixed 222 239 300 (17) (78) -Floating 22 24 30 (2) (8) Total Investment Securities 2,082 2,025 2,120 57 (38)   Percent of Assets (Excludes Floating) 20% 19% 22%

  62   Wholesale Borrowings - Liquidity 62   (in millions)   Unused Variance Capacity 4Q12 3Q12 4Q11 vs 3Q12 vs 4Q11   Wholesale Borrowings   (1)   Brokered Deposits $ 1,455 $ 245 $ 233 $ 179 $ 12 $ 66 FHLB 1,123 40 50 41 (10) (1) Fed Funds 130 - - - - -Other Wholesale - 53 53 103 - (50)   Total $ 2,708 $ 338 $ 336 $ 323 $ 2 $ 15   Long-Term Debt   Senior Debt $ 35 $ - $ - $ 35 $ 35 Sub-Debt 35 65 65 (30) (30) Trust Preferred Securities 55 55 55 - -   Total Long-Term Debt $ 125 $ 120 $ 120 $ 5 $ 5   (1) Estimated Brokered Deposit Total Capacity at 25% of Assets

  63   Deposits 63 Business Mix – at quarter-end   (in millions)   4Q12 vs. DEPOSITS BY CATEGORY 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   Demand & Now $ 1,841 $ 1,796 $ 1,735 $ 1,722 $ 1,674 $ 167 MMDA & Savings 1,372 1,342 1,330 1,331 1,228 144   Core Transaction Deposits 3,213 3,138 3,065 3,053 2,902 311   Time < $100,000 1,050 1,118 1,159 1,201 1,326 (276) Time $100,000 < $250,000 547 598 625 654 694 (147) Public Deposits 739 612 623 782 844 (105) Total Core Deposits 5,549 5,466 5,472 5,690 5,766 (217)   Time $250,000 127 101 103 105 113 14 Public Deposits 31 32 36 38 40 (9)   Total Customer Deposits 5,707 5,599 5,611 5,833 5,919 (212)   Brokered Deposits 245 224 211 168 179 66   Total Deposits $ 5,952 $ 5,823 $ 5,822 $ 6,001 $ 6,098 $ (146)

    64   Core Transaction Deposits 64   Geographic Diversity   Core Transactions / Total Deposits (%) 4Q12 4Q11   4Q 11 4Q 12   $ in millions Coastal GA 67.8 % 43.2 %   East Tennessee   Gainesville MSA 63.7 56.8 North Carolina 58.9 52.9   Coastal Georgia   Atlanta MSA 59.9 51.0 East TN 57.9 53.2   Gainesville MSA   North Georgia 54.8 48.7   North Carolina Total 56.3 % 49.0 %   North Georgia   Atlanta MSA

  65   Margin – Credit Costs 65   .26%   Credit Costs .23% Impacting Margin   .19% .19% Historically 8 to 12 bps   .17%    Cost 4Q12 vs. Historical –5 bps (annual earnings impact of $3.2 million)    1 bps = $648 thousand in NIR

  66   Proactively Addressing Credit Environment 66   Structure    Centralized underwriting and approval process    Segregated work‐out teams    Highly skilled ORE disposition group    Seasoned regional credit professionals   Process    Continuous external loan review    Intensive executive management involvement: o Weekly past due meetings o Weekly NPA/ORE meetings o Quarterly criticized watch loan review meetings o Quarterly pass commercial and CRE portfolio review meetings    Internal loan review of new credit relationships   Policy    Ongoing enhancements to credit policy    Periodic updates to portfolio limits

  67   Lending – Credit Summary 67   (in millions)    Legal lending limit $163    House lending limit 20 Project lending limit 12    Top 25 relationships 371 Regional credit review – Standard underwriting

  68   Business Mix Loans 68   (at quarter-end)   (in millions)   4Q12 vs. LOANS BY CATEGORY 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   Commercial (Sec. by RE):   Owner Occupied $ 1,131 $ 1,126 $ 1,140 $ 1,137 $ 1,111 $ 20 Income Producing 682 693 697 706 711 (29) Total Comm (Sec. by RE) 1,813 1,819 1,837 1,843 1,822 (9) Commercial & Industrial 458 460 450 440 428 30 Commercial Construction 155 161 169 167 164 (9)    Total Commercial 2,426 2,440 2,456 2,450 2,414 12   Residential Mortgage 1,214 1,174 1,128 1,131 1,135 79 Residential Construction 382 389 409 436 448 (66) Consumer / Installment 153 135 126 111 113 40   Total Loans $ 4,175 $ 4,138 $ 4,119 $ 4,128 $ 4,110 $ 65

  69 69   Loans – Markets Served (at quarter-end)   (in millions)   4Q12 vs. LOANS BY MARKET 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   North Georgia $ 1,364 $ 1,383 $ 1,387 $ 1,408 $ 1,426 $ (62) Atlanta MSA 1,288 1,257 1,252 1,239 1,220 68 North Carolina 579 579 576 588 597 (18) Coastal Georgia 400 380 369 366 346 54 Gainesville MSA 261 256 259 262 265 (4) East Tennessee 283 283 276 265 256 27   Total Loans $ 4,175 $ 4,138 $ 4,119 $ 4,128 $ 4,110 $ 65

  70   Residential Construction – North Georgia 70   (in millions)   4Q12 vs. 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   Land Loans   Developing Land $ 30 $ 33 $ 39 $ 44 $ 44 $ (14) Raw Land 17 17 18 26 26 (9) Lot Loans 112 111 113 113 118 (6)   Total 159 161 170 183 188 (29)   Construction Loans   Spec 7 8 9 12 12 (5) Sold 17 15 14 11 14 3   Total 24 23 23 23 26 (2)   Total Res Construction $ 183 $ 184 $ 193 $ 206 $ 214 $ (31)

  71   Residential Construction – Atlanta MSA 71   (in millions)   4Q12 vs. 4Q12 3Q12 2Q12 1Q12 4Q11 4Q11   Land Loans   Developing Land $ 13 $ 14 $ 14 $ 17 $ 17 $ (4) Raw Land 9 9 9 13 14 (5) Lot Loans 16 18 22 22 22 (6)   Total 38 41 45 52 53 (15)   Construction Loans   Spec 20 19 24 27 27 (7) Sold 8 8 7 7 6 2   Total 28 27 31 34 33 (5)   Total Res Construction $ 66 $ 68 $ 76 $ 86 $ 86 $ (20)

  72 72   Business Mix Loans (at year-end)   (in millions)   2012 2011 2010 2009 2008 LOANS BY CATEGORY   Commercial (Sec. by RE) $ 1,813 $ 1,822 $ 1,761 $ 1,779 $ 1,627 Commercial & Industrial 458 428 441 390 410 Commercial Construction 155 164 297 363 500    Total Commercial 2,426 2,414 2,499 2,532 2,537   Residential Mortgage 1,214 1,135 1,279 1,427 1,526 Residential Construction 382 448 695 1,050 1,479 Consumer / Installment 153 113 131 142 163   Total Loans $ 4,175 $ 4,110 $ 4,604 $ 5,151 $ 5,705

    73 73   Loans – Markets Served (at year-end)   (in millions)   2012 2011 2010 2009 2008 LOANS BY MARKET   North Georgia $ 1,364 $ 1,426 $ 1,689 $ 1,884 $ 2,040 Atlanta MSA 1,288 1,220 1,310 1,435 1,706 North Carolina 579 597 702 772 810 Coastal Georgia 400 346 335 405 464 Gainesville MSA 261 265 312 390 420 East Tennessee 283 256 256 265 265   Total Loans $ 4,175 $ 4,110 $ 4,604 $ 5,151 $ 5,705

  74   NPAs by Loan Category, Market, and Activity 74   Credit Quality (1)   Fourth Quarter 2012 Third Quarter 2012 Second Quarter 2012   Non-performing Foreclosed Total Non-performing Foreclosed Total Non-performing Foreclosed Total (in thousands) Loans Properties NPAs Loans Properties NPAs Loans Properties NPAs NPAs BY CATEGORY   Owner occupied CRE $ 12,599 $ 4,989 $ 17,588 $ 14,140 $ 7,170 $ 21,310 $ 9,399 $ 7,914 $ 17,313 Income producing CRE 9,549 490 10,039 11,756 1,597 13,353 9,716 2,672 12,388 Commercial & industrial 31,817 - 31,817 32,678 - 32,678 34,982 - 34,982 Commercial construction 23,843 2,204 26,047 18,590 3,121 21,711 18,175 2,732 20,907 Total commercial 77,808 7,683 85,491 77,164 11,888 89,052 72,272 13,318 85,590 Residential mortgage 11,151 4,753 15,904 12,629 6,031 18,660 15,272 5,591 20,863 Home equity lines of credit 1,438 - 1,438 1,367 - 1,367 1,359 - 1,359 Residential construction 18,702 5,828 24,530 22,935 9,039 31,974 25,530 11,512 37,042 Consumer installment 795 - 795 906 - 906 907 - 907 Total NPAs $ 109,894 $ 18,264 $ 128,158 $ 115,001 $ 26,958 $ 141,959 $ 115,340 $ 30,421 $ 145,761    Balance as a % of    Unpaid Principal 69.5% 39.7% 62.8% 68.8% 36.4% 58.8% 68.8% 39.3% 59.4%   NPAs BY MARKET   North Georgia $ 69,950 $ 8,219 $ 78,169 $ 72,211 $ 14,582 $ 86,793 $ 77,332 $ 13,546 $ 90,878 Atlanta MSA 18,556 3,442 21,998 21,349 5,926 27,275 17,593 8,651 26,244 North Carolina 11,014 2,579 13,593 9,622 2,771 12,393 10,657 3,287 13,944 Coastal Georgia 3,810 1,609 5,419 6,822 864 7,686 5,822 785 6,607 Gainesville MSA 903 556 1,459 840 1,328 2,168 991 2,998 3,989 East Tennessee 5,661 1,859 7,520 4,157 1,487 5,644 2,945 1,154 4,099 Total NPAs $ 109,894 $ 18,264 $ 128,158 $ 115,001 $ 26,958 $ 141,959 $ 115,340 $ 30,421 $ 145,761   NPA ACTIVITY   Beginning Balance $ 115,001 $ 26,958 $ 141,959 $ 115,340 $ 30,421 $ 145,761 $ 129,704 $ 31,887 $ 161,591 Loans placed on non-accrual 20,211 - 20,211 30,535 - 30,535 29,364 - 29,364 Payments received (6,458) - (6,458) (3,646) - (3,646) (15,027) - (15,027) Loan charge-offs (11,722) - (11,722) (19,227) - (19,227) (19,382) - (19,382) Foreclosures (7,138) 7,138 - (8,001) 8,001 - (9,319) 9,319 -Capitalized costs - 201 201 - 102 102 - 415 415 Note / property sales - (12,845) (12,845) - (8,822) (8,822) - (10,461) (10,461) Write downs - (1,438) (1,438) - (2,394) (2,394) - (1,008) (1,008) Net gains (losses) on sales - (1,750) (1,750) - (350) (350) - 269 269 Ending Balance $ 109,894 $ 18,264 $ 128,158 $ 115,001 $ 26,958 $ 141,959 $ 115,340 $ 30,421 $ 145,761   (1) Excludes non-performing loans and foreclosed properties covered by the loss-sharing agreement with the FDIC, related to the acquisition of Southern Community Bank

  75   Net Charge-offs by Category and Market 75   Credit Quality (1)   Fourth Quarter 2012 Third Quarter 2012 Second Quarter 2012 Net Charge- Net Charge- Net Charge-Offs to Offs to Offs to Net Average Net Average Net Average (in thousands) Charge-Offs Loans (2) Charge-Offs Loans (2) Charge-Offs Loans (2) NET CHARGE-OFFS BY CATEGORY   Owner occupied CRE $ 4,997 1.76 % $ 6,192 3.56 % $ 1,305 .46 % Income producing CRE 1,153 .67 1,982 .70 3,044 1.75 Commercial & industrial 135 .12 (259) (.23) 775 .70 Commercial construction 1,688 4.25 3,190 7.74 88 .21 Total commercial 7,973 1.30 11,105 1.81 5,212 .86 Residential mortgage 3,254 1.55 2,846 1.40 1,971 .70 Home equity lines of credit 445 .49 681 .80 1,891 2.60 Residential construction 2,435 2.52 5,676 5.69 9,563 9.14 Consumer installment 398 1.10 255 .78 259 .88 Total $ 14,505 1.39 $ 20,563 1.99 $ 18,896 1.85   NET CHARGE-OFFS BY MARKET   North Georgia $ 4,474 1.26 % $ 6,451 1.84 % $ 12,474 3.58 % Atlanta MSA 3,977 1.27 9,344 3.02 2,307 .75 North Carolina 2,032 1.39 1,674 1.15 3,634 2.52 Coastal Georgia 574 .60 2,486 2.67 211 .23 Gainesville MSA 1,331 2.04 294 .45 (187) (.29) East Tennessee 2,117 2.98 314 .45 457 .68 Total $ 14,505 1.39 $ 20,563 1.99 $ 18,896 1.85   (1) Excludes non-performing loans and foreclosed properties covered by the loss-sharing agreement with the FDIC, related to the acquisition of Southern Community Bank.   (2) Annualized.

  76   Net Charge-offs by Category and Market 76 Asset Disposition Plan as of March 31, 2011   Credit Quality - Net Charge-Offs First Quarter 2011 (1)    Asset Disposition Plan   Bulk Loan Sale (2) First Quarter Performing Nonperforming Other Bulk Loan Foreclosure Other Net 2011 Net Charge-(in thousands) Loans Loans Sales (3) Charge-Offs (4) Charge-Offs Offs NET CHARGE-OFFS BY CATEGORY   Commercial (sec. by RE) $ 29,451 $ 11,091 $ 3,318 $ 1,905 $ 2,842 $ 48,607 Commercial construction 32,530 15,328 292 419 1,146 49,715 Commercial & industrial 365 2,303 859 - 513 4,040 Total commercial 62,346 28,722 4,469 2,324 4,501 102,362 Residential construction 43,018 23,459 3,325 11,693 10,643 92,138 Residential mortgage 13,917 14,263 1,676 1,538 4,989 36,383 Consumer / installment 86 168 30 24 383 691 Total $ 119,367 $ 66,612 $ 9,500 $ 15,579 $ 20,516 $ 231,574   NET CHARGE-OFFS BY MARKET   Atlanta MSA $ 37,186 $ 8,545 $ 1,428 $ 6,034 $ 3,296 $ 56,489 Gainesville MSA 3,563 2,442 957 700 954 8,616 North Georgia 57,969 47,699 2,508 6,585 8,544 123,305 Western North Carolina 11,138 4,743 2,415 1,402 6,749 26,447 Coastal Georgia 6,835 2,180 2,013 634 341 12,003 East Tennessee 2,676 1,003 179 224 632 4,714 Total $ 119,367 $ 66,612 $ 9,500 $ 15,579 $ 20,516 $ 231,574   (1) Excludes non-performing loans and foreclosed properties covered by the loss-sharing agreement with the FDIC, related to the acquisition of Southern Community Bank.   (2) Charge-offs totaling $186 million were recognized on the bulk loan sale in the first quarter of 2011. The loans were transferred to the loans held for sale category in anticipation of the second quarter bulk loan sale that was completed on April 18, 2011.   (3) Losses on smaller bulk sale transactions completed during the first quarter of 2011.   (4) Loan charge-offs recognized in the first quarter of 2011 related to loans transferred to foreclosed properties. Such charge-offs were elevated in the first quarter as a result of the asset disposition plan, which called for aggressive write downs to expedite sales in the second and third quarters of 2011.

  77 77   Credit Quality – Bulk Loan Sale Summary as of March 31, 2011   Credit Quality - Bulk Loan Sale Summary (1)   Performing Loans Nonperforming Loans Total Loans   Carrying Charge- Loans Held Carrying Charge- Loans Held Carrying Charge- Loans Held (in thousands) Amount (2) Offs (3) for Sale (4) Amount (2) Offs (3) for Sale (4) Amount (2) Offs (3) for Sale (4) BY CATEGORY   Commercial (sec. by RE) $ 40,902 $ 29,451 $ 11,451 $ 17,202 $ 11,090 $ 6,112 $ 58,104 $ 40,541 $ 17,563 Commercial construction 45,490 32,530 12,960 22,440 15,328 7,112 67,930 47,858 20,072 Commercial & industrial 504 365 139 3,397 2,302 1,095 3,901 2,667 1,234 Total commercial 86,896 62,346 24,550 43,039 28,720 14,319 129,935 91,066 38,869 Residential construction 59,747 43,018 16,729 35,508 23,459 12,049 95,255 66,477 28,778 Residential mortgage 19,342 13,917 5,425 21,716 14,262 7,454 41,058 28,179 12,879 Consumer / installment 120 86 34 238 169 69 358 255 103 Total $ 166,105 $ 119,367 $ 46,738 $ 100,501 $ 66,610 $ 33,891 $ 266,606 $ 185,977 $ 80,629   BY MARKET   Atlanta MSA $ 51,647 $ 37,186 $ 14,461 $ 13,755 $ 8,545 $ 5,210 $ 65,402 $ 45,731 $ 19,671 Gainesville MSA 4,949 3,563 1,386 3,695 2,442 1,253 8,644 6,005 2,639 North Georgia 80,831 57,969 22,862 70,900 47,698 23,202 151,731 105,667 46,064 Western North Carolina 15,468 11,138 4,330 7,228 4,743 2,485 22,696 15,881 6,815 Coastal Georgia 9,493 6,835 2,658 3,527 2,179 1,348 13,020 9,014 4,006 East Tennessee 3,717 2,676 1,041 1,396 1,003 393 5,113 3,679 1,434 Total $ 166,105 $ 119,367 $ 46,738 $ 100,501 $ 66,610 $ 33,891 $ 266,606 $ 185,977 $ 80,629   (1) This schedule presents a summary of classified loans included in the bulk loan sale transaction that closed on April 18, 2011.   (2) This column represents the book value, or carrying amount, of the loans prior to charge offs to mark loans to expected proceeds from sale.   (3) This column represents the charge-offs required to adjust the loan balances to the expected proceeds from the sale based on indicative bids received from prospective buyers, including principal payments received or committed advances made after the cutoff date through March 31, 2011 that are part of the settlement.   (4) This column represents the expected proceeds from the bulk sale based on indicative bids received from prospective buyers and equals the balance shown on the consolidated balance sheet as loans held for sale.

  78   Non GAAP Reconciliation Tables 78   (in thousands except EPS)   Operating Earnings to GAAP Earnings Reconciliation   4Q12 3Q12 2Q12 1Q12   Core net interest revenue reconciliation   Core net interest revenue $ 56,028 $ 57,371 $ 56,836 $ 58,864 Interesst reversed on performing loans included in bulk sale - - - -Taxable equivalent adjustment (381) (419) (444) (446) Net interest revenue (GAAP) $ 55,647 $ 56,952 $ 56,392 $ 58,418   Core fee revenue reconciliation   Core fee revenue $ 14,551 $ 13,003 $ 12,764 $ 13,091 Securities gains, net 31 - 6,490 557 Loss on prepayment of borrowings - - (6,199) (482) Gains from sales of low income housing tax credits - - - 728 Hedge ineffectiveness gains (losses) 116 608 (180) 115 Interest on Federal tax refund - - - 1,100 Mark to market on deferred compensation plan assets 63 153 (8) 270 Fee revenue (GAAP) $ 14,761 $ 13,764 $ 12,867 $ 15,379   Core operating expense reconciliation   Core operating expense $ 41,489 $ 40,523 $ 41,312 $ 42,670 Foreclosed property expense 4,611 3,706 1,851 3,825 Severance 563 401 1,155 190 Reclassification of pension actuarial gains and losses and prior service costs to OCI - - - -Professional fees incurred in connection with Bulk Loan Sale Property taxes paid on collateral for loans in Bulk Loan Sale Mark to market on deferred compensation plan liability 63 153 (8) 270 Operating expense (GAAP) $ 46,726 $ 44,783 $ 44,310 $ 46,955

  79   Non GAAP Reconciliation Tables 79   (in thousands except EPS)   Operating Earnings to GAAP Earnings Reconciliation   4Q11 3Q11 2Q11 1Q1   Core net interest revenue reconciliation   Core net interest revenue $ 59,050 $ 59,281 $ 58,946 $ 58,406 Interesst reversed on performing loans included in bulk sale - - - (2,014) Taxable equivalent adjustment (423) (420) (429) (435) Net interest revenue (GAAP) $ 58,627 $ 58,861 $ 58,517 $ 55,957   Core fee revenue reconciliation   Core fee revenue $ 11,442 $ 11,309 $ 11,096 $ 10,352 Securities gains, net 4 - 783 55 Loss on prepayment of borrowings - - (791) -Gains from sales of low income housing tax credits 728 - - -Hedge ineffectiveness gains (losses) 313 575 2,810 1,303 Interest on Federal tax refund - - - -Mark to market on deferred compensation plan assets 180 (386) 7 128 Fee revenue (GAAP) $ 12,667 $ 11,498 $ 13,905 $ 11,838   Core operating expense reconciliation   Core operating expense $ 43,843 $ 44,093 $ 45,680 $ 46,644 Foreclosed property expense 9,302 2,813 1,891 64,899 Severance - - 1,150 -Reclassification of pension actuarial gains and losses and prior service costs to OCI (2,245) - - -Professional fees incurred in connection with Bulk Loan Sale - - 1,000 Property taxes paid on collateral for loans in Bulk Loan Sale - - 2,600 Mark to market on deferred compensation plan liability 180 (386) 7 128 Operating expense (GAAP) $ 51,080 $ 46,520 $ 48,728 $ 115,271

  80   Non GAAP Reconciliation Tables 80   Operating Earnings to GAAP Earnings Reconciliation   4Q12 3Q12 2Q12 1Q12   Net interest margin - pre credit reconciliation   Net interest margin - pre credit 3.61 % 3.79 % 3.62 % 3.76 % Effect of interest reversals, lost interest, and carry costs of NPAs (.17) (.19) (.19) (.23)    Net interest margin 3.44 % 3.60 % 3.43 % 3.53 %   Tangible common equity and tangible equity to tangible assets reconciliation   Tangible common equity to tangible assets 5.67 % 5.73 % 5.45 % 5.33 % Effect of preferred equity 2.88 2.93 2.79 2.75    Tangible equity to tangible assets 8.55 8.66 8.24 8.08   Effect of goodwill and other intangibles .08 .09 .09 .11    Equity to assets (GAAP) 8.63 % 8.75 % 8.33 % 8.19 %   Tangible common equity to risk-weighted assets reconciliation   Tangible common equity to risk-weighted assets 8.33 % 8.44 % 8.37 % 8.21 % Effect of preferred equity 4.24 4.29 4.35 4.23    Tangible equity to risk weighted assets 12.57 12.73 12.72 12.44   Effect of other comprehensive income .51 .36 .28 .10 Effect of trust preferred 1.15 1.17 1.19 1.15    Tier I capital ratio (Regulatory) 14.23 % 14.26 % 14.19 % 13.69 %

  81   Non GAAP Reconciliation Tables 81   Operating Earnings to GAAP Earnings Reconciliation   4Q11 3Q11 2Q11 1Q11   Net interest margin - pre credit reconciliation   Net interest margin - pre credit 3.77 % 3.79 % 3.67 % 3.84 % Effect of interest reversals, lost interest, and carry costs of NPAs (.26) (.24) (.26) (.43)    Net interest margin 3.51 % 3.55 % 3.41 % 3.41 %   Tangible common equity and tangible equity to tangible assets reconciliation   Tangible common equity to tangible assets 5.38 % 5.65 % 1.37 % 2.70 % Effect of preferred equity 2.78 2.77 6.56 3.31    Tangible equity to tangible assets 8.16 8.42 7.93 6.01   Effect of goodwill and other intangibles .12 .13 .13 .14    Equity to assets (GAAP) 8.28 % 8.55 % 8.06 % 6.15 %   Tangible common equity to risk-weighted assets reconciliation   Tangible common equity to risk-weighted assets 8.25 % 8.52 % 8.69 % .75 % Effect of preferred equity 4.29 4.33 4.20 5.87    Tangible equity to risk weighted assets 12.54 12.85 12.89 6.62   Effect of other comprehensive income (.03) (.29) (.42) (.32) Effect of trust preferred 1.18 1.19 1.15 1.13    Tier I capital ratio (Regulatory) 13.69 % 13.75 % 13.62 % 7.43 %

  82   Analyst Coverage 82   FIG Partners Sandler O’Neill & Partners   (Market Perform ‐ Nov 9, 2012) (Hold, Oct 25, 2012)   Keefe, Bruyette & Woods Stephens, Inc.   (Market Perform ‐ Oct 25, 2012) (Overweight ‐ Jan 14, 2013)   Raymond James & Assoc. SunTrust Robinson Humphrey   (Market Perform ‐ Sep 26, 2012) (Neutral ‐ Oct 25, 2012)

  83   United Community Banks, Inc.   Investor Presentation   Fourth Quarter 2012   Copyright 2013 United Community Banks, Inc. All rights reserved.