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Midas Edge

UNITED BANCORP INC OH

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 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 September 30, · ​ · Nine months ended September 30,
​2024202320242023
Interest and dividend income​​​​​​​​​​​​
Loans, including fees​$7,232​$6,454​$20,980​$18,389
Taxable securities​​484​​707​​1,557​​2,068
Non-taxable securities​​1,878​​1,500​​5,439​​4,357
Federal funds sold​​254​​909​​1,179​​2,171
Dividends on Federal Home Loan Bank stock and other​​96​​81​​288​​160
Total interest and dividend income​​9,944​​9,651​​29,443​​27,145
Interest expense​​​​​​​​​​​​
Deposits​​​​​​​​​​​​
Demand​​434​​493​​1,333​​1,445
Savings​​30​​33​​91​​101
Time​​1,617​​1,071​​4,641​​2,595
Borrowings​​1,724​​1,488​​4,922​​3,670
Total interest expense​​3,805​​3,085​​10,987​​7,811
Net interest income​​6,139​​6,566​​18,456​​19,334
Credit Loss Expense​​​​​​​​​​​​
Provision for (reversal of) credt loss expense - loans​​69​​(154)​​304​​(300)
Provision for (reversal of) credit loss expense – off balance sheet commitments​​—​​—​​(130)​​—
Provision for (reversal of) credit loss expense​​69​​(154)​​174​​(300)
Net interest income after provision for (reversal of) credit loss expense​​6,070​​6,720​​18,282​​19,634
Noninterest income​​​​​​​​​​​​
Service charges on deposit accounts​​767​​704​​2,187​​2,202
Realized gains on sales of loans​​168​​1​​363​​8
Realized gains (losses) on sale of available-for-sale securities​​—​​—​​(116)​​—
Other income​​280​​258​​831​​815
Total noninterest income​​1,215​​963​​3,265​​3,025
Noninterest expense​​​​​​​​​​​​
Salaries and employee benefits​​2,757​​2,480​​7,219​​7,814
Net occupancy and equipment expense​​573​​546​​1,739​​1,550
Professional services​​398​​371​​1,465​​1,100
Insurance​​157​​144​​464​​448
Deposit insurance premiums​​108​​96​​324​​267
Franchise and other taxes​​148​​139​​441​​417
Advertising​​124​​100​​361​​300
Stationery and office supplies​​30​​33​​86​​92
Amortization of core deposit premium​​38​​38​​113​​113
Other expenses​​1,196​​1,286​​3,823​​3,659
Total noninterest expense​​5,529​​5,233​​16,035​​15,760
Income before federal income taxes​​1,756​​2,450​​5,512​​6,899
Federal income taxes (benefit)​​(64)​​58​​(41)​​339
Net income​$1,820​$2,392​$5,553​$6,560
EARNINGS PER COMMON SHARE​​​​​​​​​​​​
Basic​$0.31​$0.42​$0.95​$1.15
Diluted​$0.31​$0.42​$0.95​$1.15
DIVIDENDS PER COMMON SHARE​$0.1775​$0.1675​$0.6750​$0.6450
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.