UNITED BANCORP INC /OH/
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
Contents
EX-13 · Unobservable (Level 3) Inputs
Unobservable (Level 3) Inputs
The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements.
| · · · · · · · · · | |||||
|---|---|---|---|---|---|
| · · Fair Value at · · Valuation · · · · | |||||
| · · 12/31/25 · · Technique · · Unobservable Inputs · · Range | |||||
| · · (In thousand) · · · · · · | |||||
| Collateral-dependent loans | | $673 | Market comparable properties | Comparability adjustments past due rents | 5% – 10% |
| Foreclosed assets held for sale | | 2,540 | Market comparable properties | Marketability discount | 10% – 35% |
| · · · · · · · · · | |||||
|---|---|---|---|---|---|
| · · Fair Value at · · Valuation · · · · | |||||
| · · 12/31/24 · · Technique · · Unobservable Inputs · · Range | |||||
| · · (In thousands) · · · · · · | |||||
| Collateral-dependent loans | | $— | Market comparable properties | Comparability adjustments | 5% – 10% |
| Foreclosed assets held for sale | | 120 | Market comparable properties | Marketability discount | 10% – 35% |
There were no significant changes in the valuation techniques used during 2025.
The following tables presents estimated fair values of the Company’s financial instruments not required to be reported at fair value. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial statements, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate.
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · Fair Value Measurements Using | ||||||||||||
| · · · · · Quoted Prices · · · · · · | ||||||||||||
| · · · · · in Active · · · · · · | ||||||||||||
| · · · · · Markets for · · Significant · · Significant | ||||||||||||
| · · · · · Identical · · Other · · Unobservable | ||||||||||||
| · · Carrying · · Assets · · Observable Inputs · · Inputs | ||||||||||||
| · · Amount · · (Level 1) · · (Level 2) · · (Level 3) | ||||||||||||
| | | (In thousands) | ||||||||||
| December 31, 2025 | | | | | | | | | | | | |
| Financial assets · · · · · · · · | ||||||||||||
| Cash and cash equivalents | | $46,528 | | $46,528 | | $— | | $— | ||||
| Loans, net of allowance | | 487,298 | | | — | | | — | | | 473,747 | |
| Federal Home Loan Bank stock | | 4,030 | | | — | | | 4,030 | | | — | |
| Accrued interest receivable | | 3,982 | | | — | | | 3,982 | | | — | |
| | | | | | | | | | | | | |
| Financial liabilities | | | | | | | | | | | | |
| Deposits | | $641,366 | | $— | | $642,416 | | $— | ||||
| Securities sold under repurchase agreements | | 29,403 | | | — | | | 29,403 | | | — | |
| Federal Home Loan Bank Advances | | | 75,000 | | | — | | | 75,464 | | | — |
| Subordinated debentures | | 23,909 | | | — | | | 23,393 | | | — | |
| Interest payable | | 612 | | | — | | | 612 | | | — | |
| | |
| 66 | |
| · · · · · · · · · · · · | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · Fair Value Measurements Using | |||||||||||
| | | | | | Quoted Prices | | | | | | |
| · · · · · in Active · · Significant · · · | |||||||||||
| · · · · · Markets for · · Other · · Significant | |||||||||||
| · · · · · Identical · · Observable · · Unobservable | |||||||||||
| · · Carrying · · Assets · · Inputs · · Inputs | |||||||||||
| · · Amount · · (Level 1) · · (Level 2) · · (Level 3) | |||||||||||
| · · (In thousands) | |||||||||||
| December 31, 2024 · · · · · · · · · · · · | |||||||||||
| Financial assets · · · · · · · · | |||||||||||
| Cash and cash equivalents | | $19,608 | | $19,608 | | $— | | $— | |||
| Loans, net of allowance | | 486,945 | | — | | — | | 466,951 | |||
| Federal Home Loan Bank stock | | 4,026 | | — | | 4,026 | | — | |||
| Accrued interest receivable | | 4,322 | | — | | 4,322 | | — | |||
| | | | | | | | | | |||
| Financial liabilities | | | | | | | | | |||
| Deposits | | $613,494 | | $— | | $614,869 | | $— | |||
| Securities sold under repurchase agreements | | 30,494 | | — | | 30,494 | | — | |||
| Federal Home Loan Bank Advances | | 75,000 | | | — | | | 74,728 | | | — |
| Subordinated debentures | | 23,847 | | — | | 24,386 | | — | |||
| Interest payable | | 831 | | — | | 831 | | — | |||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.