UNITED BANCORP INC OH

For the period ended Dec 31, 2023. Filed Mar 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 20, 2024

UBCP$14.55+2.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

EX-13 · (In thousands, except share data)

(In thousands, except share data)


	2023		2022
Assets
Cash and due from banks		$7,352		$8,279
Interest-bearing demand deposits		33,418		21,801
Cash and cash equivalents		40,770		30,080

Available-for-sale securities, amortized cost of $251,683 net of allowance for credit losses of $0 at December 31, 2023		242,760		217,624
Loans, net of allowance for credit losses of $3,918 and $2,052 at December 31, 2023 and 2022, respectively		479,318		458,823
Premises and equipment		14,984		12,144
Federal Home Loan Bank stock		3,979		2,499
Foreclosed assets held for sale, net		3,377		3,519
Core deposit intangible assets		260		410
Goodwill		682		682
Accrued interest receivable		4,098		3,403
Deferred federal income tax		2,409		2,423
Bank-owned life insurance		19,423		19,000
Other assets		7,389		6,793
Total Assets		$819,449		$757,400
Liabilities and Stockholders’ Equity
Liabilities
Deposits
Demand		$339,280		$402,341
Savings		130,821		145,836
Time		151,358		101,736
Total deposits		621,459		649,913
Securities sold under repurchase agreements		26,781		18,106
Subordinated debentures		23,787		23,726
Advances Federal Home Loan Bank		75,000		—
Lease liability – finance lease		2,764		—
Interest payable and other liabilities		6,065		5,918
Total liabilities		755,856		697,663
Stockholders’ Equity
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued		––		––
Common stock, $1 par value; authorized 10,000,000 shares; issued 2023 – 6,063,851 shares, 2022 - 6,043,851 shares; outstanding 2023 – 5,702,685 shares, 2022 – 5,740,251 shares		6,064		6,044
Additional paid-in capital		25,913		24,814
Retained earnings		44,018		41,945
Stock held by deferred compensation plan; 2023 – 181,803 shares, 2022 – 174,237 shares		(2,363)		(1,902)
Unearned ESOP compensation		—		—
Accumulated other comprehensive loss		(7,478)		(9,336)
Treasury stock, at cost 2023 – 179,363 shares, 2022 – 129,363 shares		(2,561)		(1,828)
Total stockholders’ equity		63,593		59,737
Total liabilities and stockholders’ equity		$819,449		$757,400


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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.