UNITED BANCORP INC OH
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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FY2023 · Filed Mar 20, 2024
UBCP$14.05-3.4%Stored close · as of Nov 10, 2026
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EX-13 · Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2023 · 2022 | ||||||
| Operating Activities · · | ||||||
| Net income | | $8,950 | | $8,657 | ||
| Items not requiring (providing) cash: | | | | |||
| Depreciation and amortization | | 997 | | | 1,013 | |
| Provision for (reversal of) credit loss expense | | (454) | | | (955) | |
| Amortization of premiums and discounts on securities-net | | 512 | | | 533 | |
| Amortization of intangible assets | | 150 | | | 150 | |
| Deferred income taxes | | 13 | | | 342 | |
| Originations of loans held for sale | | (615) | | | (1,891) | |
| Proceeds from sale of loans held for sale | | 644 | | | 1,927 | |
| Net gains on sales of loans | | (29) | | | (36) | |
| Expense related to share-based compensation plans | | 658 | | | 1,005 | |
| Net loss (gain) or on sale or write-down of foreclosed assets and other repossessed assets | | 12 | | | 23 | |
| Increase in cash surrender value of bank-owned life insurance | | (422) | | (191) | ||
| Amortization of debt issuance costs | | | 61 | | | 61 |
| Changes in: | | | | |||
| Accrued interest receivable | | (695) | | | (1,058) | |
| Other assets | | (288) | | | (824) | |
| Interest payable and other liabilities | | (31) | | | (275) | |
| Net cash provided by operating activities | | 9,463 | | 8,481 | ||
| Investing Activities | | | | | ||
| Purchases of available-for-sale securities | | (25,918) | | | (99,992) | |
| Maturities, prepayments and calls | | 2,330 | | | 6,190 | |
| Net change in loans | | (22,465) | | | (10,415) | |
| Purchase of Federal Home Loan Bank Stock | | | (3,149) | | | — |
| Redemption of Federal Home Loan Bank Stock | | | 1,669 | | | 1,205 |
| Purchases of premises and equipment, net | | (1,081) | | | (511) | |
| Proceeds from sale of premises and equipment | | 9 | | | 111 | |
| Proceeds from sales of foreclosed assets | | 133 | | | 156 | |
| Net cash used in investing activities | | (48,472) | | | (103,256) | |
| | | |
| 36 | |
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