UNITED BANCORP INC /OH/ Segments Disclosure
Note 24: Segment Reporting
The Company’s has one reportable segment (“Banking”) as determined by the after considering the level of information to review and the performance of various components of the business. The Company’s Management will use the consolidated information to benchmark against similar entities to evaluate financial performance and budget to actual results. Accounting policies followed by the Company are the same used for the single segment. The one segment identified is evaluated using net income, earnings per share, return of average assets and equity. Information used for performance assessment follows. Since reported consolidated financial results are used for the performance assessment, there are no reconciling items noted from our financial reporting results published and segment reporting financial information.
| Year Ended December 31, | |||||
2025 | | 2024 | ||||
(In thousands) | ||||||
Banking Segment |
| |
| | ||
Total interest income | $ | 41,489 | $ | 39,521 | ||
Total interest expense |
| 15,029 |
| 14,721 | ||
Net interest income |
| 26,460 |
| 24,800 | ||
Provision for credit loss expense |
| 674 |
| 299 | ||
Net interest income after provision for credit losses |
| 25,786 |
| 24,501 | ||
Noninterest income |
| 6,019 |
| 4,460 | ||
Noninterest expense (including taxes) |
| 24,052 |
| 21,559 | ||
Net income |
| 7,753 |
| 7,402 | ||
Net income (consolidated financial statement of income) | $ | 7,753 | $ | 7,402 | ||
Total assets Banking segment | $ | 857,445 | $ | 816,656 | ||
Total assets (consolidated balance sheets) | $ | 857,445 | $ | 816,656 | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.