UNITED BANCORP INC /OH/
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
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EX-13 · Employee Stock Ownership and 401(k) Plans
Employee Stock Ownership and 401(k) Plans
The Company has an Employee Stock Ownership Plan (“ESOP”) with an integrated 401(k) plan covering substantially all employees of the Company. The Company’s 401(k) matching percentage was 50% of the employees’ first 6% of contributions for 2025 and 2024.
The Company’s 401(k) expense for the years ended December 31, 2025 and 2024 was approximately $178,000 and $156,000, respectively.
Share information for the ESOP is as follows at December 31, 2025 and 2024:
| | | | | | | |
|---|---|---|---|---|---|---|
| · · 2025 · · 2024 | ||||||
| Allocated shares at beginning of the year | | | 394,283 | | | 377,870 |
| Net shares or dividend reinvestment or distributed due to retirement/diversification | | 1,029 | | 16,413 | ||
| | | | | | ||
| Total ESOP shares | | 395,312 | | 394,283 | ||
| | | | | | ||
| Fair value of unearned shares at December 31st | | $— | | $— | ||
| | |
At December 31, 2025, the fair value of the 395,312 the shares held by the ESOP was approximately $5,673,000. There wereno unearned ESOP shares as of December 31, 2025 and 2024.
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