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Midas Edge

UNITED BANCORP INC OH

For the period ended Jun 30, 2024. Filed Aug 13, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 13, 2024

UBCP$14.05-3.4%Stored close · as of Nov 10, 2026

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

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Contents

Condensed Consolidated Statements of Income

(In thousands, except per share data)

​​​​​​​​​​​​​
​ · Three months ended June 30, · ​ · Six months ended June 30,
​2024202320242023
Interest and dividend income​​​​​​​​​​​​
Loans, including fees​$6,986​$6,126​$13,748​$11,935
Taxable securities​​513​​685​​1,073​​1,361
Non-taxable securities​​1,847​​1,501​​3,561​​2,857
Federal funds sold​​438​​936​​925​​1,262
Dividends on Federal Home Loan Bank stock and other​​94​​38​​192​​79
Total interest and dividend income​​9,878​​9,286​​19,499​​17,494
Interest expense​​​​​​​​​​​​
Deposits​​​​​​​​​​​​
Demand​​444​​532​​899​​952
Savings​​30​​34​​61​​68
Time​​1,548​​921​​3,024​​1,524
Borrowings​​1,654​​1,454​​3,198​​2,182
Total interest expense​​3,676​​2,941​​7,182​​4,726
Net interest income​​6,202​​6,345​​12,317​​12,768
Credit Loss Expense​​​​​​​​​​​​
Provision for (reversal of) credit loss expense - loans​​234​​(146)​​234​​(146)
Provision for (reversal of) credit loss expense - off balance sheet commitments​​(130)​​—​​(130)​​—
Provision for (reversal of) credit loss cxpense​​104​​(146)​​104​​(146)
Net interest income after credit for (reversal of) credit losses​​6,098​​6,491​​12,213​​12,914
Noninterest income​​​​​​​​​​​​
Service charges on deposit accounts​​717​​777​​1,420​​1,498
Realized gains on sales of loans​​118​​7​​195​​7
Realized gains (losses) on sale of available-for-sale securities​​78​​—​​(116)​​—
Other income​​271​​262​​551​​557
Total noninterest income​​1,184​​1,046​​2,050​​2,062
Noninterest expense​​​​​​​​​​​​
Salaries and employee benefits​​2,675​​2,470​​4,462​​5,334
Net occupancy and equipment expense​​542​​507​​1,166​​1,004
Professional services​​457​​343​​1,067​​729
Insurance​​157​​154​​307​​304
Deposit insurance premiums​​108​​85​​216​​171
Franchise and other taxes​​145​​138​​293​​278
Advertising​​124​​100​​237​​200
Stationery and office supplies​​30​​29​​56​​59
Amortization of core deposit premium​​38​​38​​75​​75
Other expenses​​1,394​​1,225​​2,628​​2,373
Total noninterest expense​​5,670​​5,089​​10,507​​10,527
Income before federal income taxes​​1,612​​2,448​​3,756​​4,449
Federal income taxes (benefit)​​(127)​​168​​24​​281
Net income​$1,739​$2,280​$3,732​$4,168
EARNINGS PER COMMON SHARE​​​​​​​​​​​​
Basic​$0.30​$0.40​$0.64​$0.73
Diluted​$0.30​$0.40​$0.64​$0.73
DIVIDENDS PER COMMON SHARE​$0.1750​$0.1650​$0.4975​$0.4775
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.