U
UNITED BANCORP INC /OH/
Period
FY 2025
Revenue
—
Net Income
$7.75M
Total Assets
$857.45M
Equity
$70.52M
Shares Out
5.78M
Op. Cash Flow
$10.46M
Business
United Bancorp, Inc. is a bank holding company that operates Unified Bank, an Ohio-chartered commercial bank serving northeastern and southeastern Ohio and northern West Virginia. The bank provides commercial, real estate, and consumer loans, as well as demand, savings, and time deposits through a main office and eighteen branches. The company operates as a single reportable segment engaged in retail and commercial banking.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans | 31 | 28 | 25 | 21 | 20 | |
| Taxable | 1 | 2 | 3 | 2 | 468,000 | |
| Tax-exempt | 8 | 7 | 6 | 4 | 4 | |
| Federal funds sold | 1 | 1 | 3 | 493,000 | 101,000 | |
| Dividends on Federal Home Loan Bank and other stock | 365,000 | 384,000 | 254,000 | 139,000 | 81,000 | |
| Total interest and dividend income | 41 | 40 | 37 | 28 | 25 | |
| Deposits | 9 | 8 | 6 | 2 | 1 | |
| Borrowings | 6 | 7 | 5 | 2 | 1 | |
| Total interest expense | 15 | 15 | 11 | — | — | |
| Net Interest Income | 26 | 25 | 26 | 24 | 22 | |
| Provision for (reversal of) Credit Loss expense - loans | 624,000 | 429,000 | −454,000 | — | — | |
| Provision for (reversal of) Credit Loss expense - off balance sheet | 50,000 | −130,000 | — | — | — | |
| Provision for (reversal of) credit loss expense | 674,000 | 299,000 | −454,000 | — | — | |
| Net Interest Income After Provision for (reversal of) Credit Losses | 26 | 25 | 26 | 25 | 23 | |
| Customer service fees | 3 | 3 | 3 | 3 | 3 | |
| Net gains on loan sales | 501,000 | 482,000 | 29,000 | 36,000 | 272,000 | |
| Earnings on bank-owned life insurance | 768,000 | 761,000 | 725,000 | 708,000 | 802,000 | |
| Realized gain (loss) on sale of available-for-sale securities, net | 841,000 | −116,000 | — | — | — | |
| Other | 695,000 | 340,000 | 360,000 | 361,000 | 530,000 | |
| Total noninterest income | 6 | 4 | 4 | 4 | 6 | |
| Salaries and employee benefits | 12 | 10 | 10 | 10 | 10 | |
| Net occupancy and equipment expense | 3 | 2 | 2 | 2 | 2 | |
| Professional fees | 2 | 2 | 1 | 1 | 1 | |
| Data processing and related electronic services | 2 | 2 | 2 | — | — | |
| Insurance | 664,000 | 622,000 | 623,000 | 568,000 | 531,000 | |
| Deposit insurance premiums | 377,000 | 372,000 | 375,000 | 198,000 | 195,000 | |
| Franchise and other taxes | 502,000 | 585,000 | 555,000 | 562,000 | 551,000 | |
| Advertising expense | 529,000 | 425,000 | 361,000 | 346,000 | 380,000 | |
| Printing and office supplies | 125,000 | 112,000 | 113,000 | 110,000 | 115,000 | |
| Amortization of intangible assets | 122,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
| Other real estate owned valuation allowance and expenses | 771,000 | 9,000 | — | — | — | |
| Other | 3 | 3 | — | — | — | |
| Total noninterest expense | 24 | 22 | 21 | 20 | 18 | |
| Income Before Federal Income Taxes | 8 | 7 | 9 | 10 | 11 | |
| (Credit) Provision for Federal Income Taxes | −86,000 | −107,000 | 541,000 | 879,000 | 1 | |
| Net Income | 8 | 7 | 9 | 9 | 9 | |
| Basic Earnings Per Share (in dollars per share) | 1.34 | 1.27 | 1.57 | 1.5 | 1.62 | |
| Diluted Earnings Per Share (in dollars per share) | 1.34 | 1.27 | 1.57 | 1.5 | 1.62 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 9 | 8 | 7 | 8 | 8 | |
| Interest-bearing demand deposits | 37 | 11 | 33 | 22 | 75 | |
| Cash and cash equivalents | 47 | 20 | 41 | 30 | 83 | |
| Available-for-sale securities, amortized cost of $240,793 and $252,761 at December 31, 2025 and 2024 | 234 | 241 | 243 | 218 | — | |
| Loans, net of allowance for credit losses of $4,261 and $4,026 at December 31, 2025 and 2024, respectively | 487 | 487 | 479 | — | — | |
| Premises and equipment | 34 | 24 | 15 | 12 | 13 | |
| Federal Home Loan Bank stock | 4 | 4 | 4 | 2 | 4 | |
| Foreclosed assets held for sale, net | 3 | 3 | 3 | 4 | 415,000 | |
| Core deposit intangible assets | — | 122,000 | 260,000 | 410,000 | 560,000 | |
| Goodwill | 682,000 | 682,000 | 682,000 | 682,000 | 682,000 | |
| Accrued interest receivable | 4 | 4 | 4 | 3 | 2 | |
| Deferred federal income tax | 3 | 4 | 2 | 2 | 0 | |
| Bank-owned life insurance | 31 | 20 | 19 | 19 | 19 | |
| Other assets | 10 | 9 | 7 | 7 | 5 | |
| Total Assets | 857 | 817 | 819 | 757 | 724 | |
| Demand | 335 | 321 | 339 | 402 | 408 | |
| Savings | 124 | 125 | 131 | 146 | 141 | |
| Time | 182 | 168 | 151 | 102 | 56 | |
| Total deposits | 641 | 613 | 621 | 650 | 605 | |
| Securities sold under repurchase agreements | 29 | 31 | 27 | 18 | 16 | |
| Subordinated debentures | 24 | 24 | 24 | 24 | 24 | |
| Advances Federal Home Loan Bank | 75 | 75 | 75 | 0 | — | |
| Lease liability - finance lease | 3 | 3 | 3 | 0 | — | |
| Interest payable and other liabilities | 14 | 7 | 6 | 6 | 7 | |
| Total liabilities | 787 | 753 | 756 | 698 | 653 | |
| Preferred stock, no par value, authorized 2,000,000 shares; no shares issued | — | — | — | — | — | |
| Common stock, $1 par value; authorized 10,000,000 shares; issued 2025 - 6,213,141 shares, 2024 - 6,203,141 shares; outstanding 2025 - 5,756,852 shares, 2024 - 5,793,611 shares | 6 | 6 | 6 | 6 | 6 | |
| Additional paid-in capital | 27 | 26 | 26 | 25 | 24 | |
| Retained earnings | 49 | 46 | 44 | 42 | 38 | |
| Stock held by deferred compensation plan; 2025 - 194,971 shares, 2024 - 172,667 shares | −2 | −2 | −2 | −2 | −2 | |
| Accumulated other comprehensive loss | −5 | −10 | −7 | −9 | 7 | |
| Treasury stock, at cost 2025 - 261,318 shares, 2024 - 236,863 shares | −4 | −3 | −3 | −2 | −1 | |
| Total stockholders' equity | 71 | 63 | 64 | 60 | 72 | |
| Total liabilities and stockholders' equity | 857 | 817 | 819 | 757 | 724 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 8 | 7 | — | — | — | |
| Depreciation and amortization | 1 | 1 | 997,000 | 1 | 1 | |
| Amortization of premiums and discounts on securities-net | 422,000 | 435,000 | 512,000 | 533,000 | — | |
| Amortization of intangible assets | 122,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
| Deferred income taxes | −633,000 | −904,000 | 13,000 | 342,000 | 112,000 | |
| Originations of loans held for sale | −17 | −16 | −615,000 | −2 | −12 | |
| Proceeds from sale of loans held for sale | 17 | 16 | 644,000 | 2 | 12 | |
| Expense related to share-based compensation plans | 357,000 | 884,000 | 658,000 | 1 | 414,000 | |
| Net loss (gain) or on sale or write-down of foreclosed assets and other repossessed assets | 771,000 | 7,000 | 12,000 | 23,000 | — | |
| Increase in cash surrender value of bank-owned life insurance | −401,000 | −429,000 | −422,000 | −191,000 | −441,000 | |
| Amortization of debt issuance costs | 62,000 | 61,000 | 61,000 | 61,000 | 61,000 | |
| Accrued interest receivable | 370,000 | −254,000 | −695,000 | −1 | 556,000 | |
| Other assets | −349,000 | −2 | −288,000 | −824,000 | −1 | |
| Interest payable and other liabilities | 923,000 | 2 | −31,000 | −275,000 | 179,000 | |
| Net cash provided by operating activities | 10 | 8 | 9 | 8 | 8 | |
| Purchases of available-for-sale securities | −36 | −46 | −26 | −100 | −24 | |
| Sales of available-for-sale securities | 49 | 27 | 0 | 0 | 13 | |
| Maturities, prepayments and calls | 6 | 17 | 2 | 6 | — | |
| Net change in loans | −491,000 | −8 | −22 | −10 | −11 | |
| Purchase of Federal Home Loan Bank Stock | −4,000 | −47,000 | −3 | — | — | |
| Purchase of bank-owned life insurance | −11 | — | — | — | −259,000 | |
| Purchases of premises and equipment, net | −12 | −10 | −1 | −511,000 | −777,000 | |
| Proceeds from sale of premises and equipment | 56,000 | — | 9,000 | 111,000 | 620,000 | |
| Proceeds from sales of foreclosed assets | 67,000 | 61,000 | 133,000 | 156,000 | 451,000 | |
| Net cash used in investing activities | −5 | −19 | −48 | −103 | −1 | |
| Net increase (decrease) in deposits | 28 | −8 | −28 | 45 | 26 | |
| Net change in securities sold under repurchase agreements | −1 | 4 | 9 | 2 | 3 | |
| Repurchase of common stock | −317,000 | −687,000 | −733,000 | −767,000 | −72,000 | |
| Finance lease payments | −1,000 | −93,000 | — | — | — | |
| Cash dividends paid | −5 | −5 | −5 | −5 | −4 | |
| Net cash provided (used in) by financing activities | 21 | −10 | 50 | 42 | 24 | |
| Increase (Decrease) in Cash and Cash Equivalents | 27 | −21 | 11 | −53 | 31 | |
| Interest paid on deposits and borrowings | 15 | 15 | 11 | 3 | 2 | |
| Federal income taxes paid | 182,000 | 102,000 | — | 230,000 | 710,000 | |
| Transfers from loans to foreclosed assets held for sale | 15,000 | 54,000 | 33,000 | 3 | 70,000 |
Filings
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Frequently asked questions
What is UNITED BANCORP INC /OH/'s CIK number?
UNITED BANCORP INC /OH/'s SEC CIK number is 0000731653 (731653). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UNITED BANCORP INC /OH/'s SEC filings?
All of UNITED BANCORP INC /OH/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UNITED BANCORP INC /OH/ last report earnings?
UNITED BANCORP INC /OH/ (UBCP) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-057249). This is UNITED BANCORP INC /OH/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is UNITED BANCORP INC /OH/'s most recent earnings 8-K?
UNITED BANCORP INC /OH/'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001104659-26-057249. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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