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 · Pension Plan Assets
Pension Plan Assets
Following is a description of the valuation methodologies used for pension plan assets measured at fair value on a recurring basis, as well as the general classification of pension plan assets pursuant to the valuation hierarchy.
Where quoted market prices are available in an active market, plan assets are classified within Level 1 of the valuation hierarchy. Level 1 plan assets include investments in mutual funds that involve equity, bond and money market investments. All of the Plan’s assets are classified as Level 1. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of plan assets with similar characteristics or discounted cash flows. In certain cases where Level 1 or Level 2 inputs are not available, plan assets are classified within Level 3 of the hierarchy. At December 31, 2025 and 2024, the Plan did not contain Level 2 or Level 3 investments.
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The fair values of Company’s pension plan assets at December 31st, by asset category are as follows:
| · · · · · · · · · · · · | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| December 31, 2025 | |||||||||||
| · · · · · Fair Value Measurements Using | |||||||||||
| · · · · · Quoted Prices · · Significant · · | |||||||||||
| · · · · in Active · Other · Significant | |||||||||||
| · · · · Markets for · Observable · Unobservable | |||||||||||
| · · Total Fair · Identical Assets · Inputs · Inputs | |||||||||||
| Asset Category · · Value · (Level 1) · (Level 2) · · (Level 3) | |||||||||||
| · (In thousands) | |||||||||||
| Mutual money market | | $586 | | $586 | | $— | | $— | |||
| Mutual funds – equities | | | | | | | | | | | |
| ETF mutual funds | | 431 | | | 431 | | | — | | | — |
| Large and small Cap | | 4,439 | | | 4,439 | | | — | | | — |
| International and emerging markets | | 2,538 | | | 2,538 | | | — | | | — |
| Mutual funds – fixed income | | | | | | | | | |||
| Fixed income | | 2,796 | | | 2,796 | | | — | | | — |
| ETF fixed income | | 832 | | | 832 | | | — | | | — |
| | | | | | | | | | | | |
| Total | | $11,622 | | $11,622 | | $— | | $— | |||
| · · · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| December 31, 2024 | ||||||||
| · · · · · Fair Value Measurements Using | ||||||||
| · · · · · Quoted Prices · · Significant · · · | ||||||||
| · · · · · in Active · · Other · · Significant | ||||||||
| · · · · · Markets for · · Observable · · Unobservable | ||||||||
| | | Total Fair | | Identical Assets | | Inputs | | Inputs |
| Asset Category | | Value | | (Level 1) | | (Level 2) | | (Level 3) |
| · (In thousands) | ||||||||
| Mutual money market | | $188 | | $188 | | $— | | $— |
| Mutual funds – equities | | | | | | | | |
| ETF mutual funds | | 6,203 | | 6,203 | | — | | — |
| Large and small Cap | | 187 | | 187 | | — | | — |
| International | | 373 | | 373 | | | | |
| Mutual funds – fixed income | | | | | | | | |
| Fixed income | | 1,840 | | 1,840 | | — | | — |
| ETF fixed income | | 943 | | 943 | | — | | — |
| | | | | | | | | |
| Total | | $9,734 | | $9,734 | | $— | | $— |
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