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 · Sources of Funds – Deposits
Sources of Funds**–**** Deposits**
The Company’s primary source of funds is retail core deposits from individuals and business customers. Total deposits increased $27.9 million, or 4.5%, from $613.5 million at December 31, 2024 to $641.4 million at December 31, 2025. Overall, the total deposit increase was mainly focused on non-interest and interest bearing demand and deposit accounts and certificate of deposits.
On average, the Company has a strong deposit base from public agencies, including local school districts, city and township municipalities, public works facilities and others, which may tend to be more seasonal in nature resulting from the receipt and disbursement of state and federal grants. These entities have maintained relatively stable balances with the Company due to various funding and disbursement timeframes.
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