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 (continued)
Consolidated Statements of Cash Flows (continued)
December 31, 2023 and 2022
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2023 · 2022 | ||||||
| Financing Activities · · | ||||||
| Net (decrease) increase in deposits | | $(28,454) | | $44,777 | ||
| Net change in securities sold under repurchase agreements | | 8,675 | | 2,405 | ||
| Repurchase of common stock | | | (733) | | | (767) |
| Proceeds from Federal Home Loan Bank Advances | | | 75,000 | | | — |
| Cash dividends paid | | (4,789) | | (4,559) | ||
| Net cash provided by financing activities | | 49,699 | | 41,856 | ||
| Increase (Decrease) in Cash and Cash Equivalents | | 10,690 | | (52,919) | ||
| Cash and Cash Equivalents, Beginning of Year | | 30,080 | | 82,999 | ||
| Cash and Cash Equivalents, End of Year | | $40,770 | | $30,080 | ||
| Supplemental Cash Flows Information | | | | | ||
| Interest paid on deposits and borrowings | | $10,585 | | $3,150 | ||
| Federal income taxes paid | | $— | | $230 | ||
| Supplemental Disclosure of Non-Cash Investing Activities | | | | | ||
| Transfers from loans to foreclosed assets held for sale | | $33 | | $3,283 | ||
| Adoption of ASU 2016-13 | | $2,089 | | $— | ||
| Finance lease asset and lease liability | | | 2,764 | | | |
| | |
Note 1: Nature of Operations and Summary of Significant Accounting Policies
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