UNITED BANCORP INC OH
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
View on SEC.govAbout 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.
See the whole filing, with its images and exhibitsContents
Item 1. Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
(In thousands, except share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · December 31, | ||||||
| · · 2024 · · 2023 | ||||||
| · · (Unaudited) · · · | ||||||
| Assets · · | ||||||
| Cash and due from banks | | $7,818 | | $7,352 | ||
| Interest-bearing demand deposits | | 29,960 | | 33,418 | ||
| Cash and cash equivalents | | 37,778 | | 40,770 | ||
| Available-for-sale securities, net of allowance of credit losses of $0 at September 30, 2024 and December 31, 2023 | | 250,161 | | 242,760 | ||
| Loans, net of allowance for credit losses of $4,002 and $3,918 at September 30, 2024 and December 31, 2023, respectively | | 471,002 | | 479,318 | ||
| Premises and equipment | | 24,519 | | 14,984 | ||
| Federal Home Loan Bank stock | | 4,026 | | 3,979 | ||
| Foreclosed assets held for sale, net | | 3,381 | | 3,377 | ||
| Core deposit other intangible asset | | 160 | | 260 | ||
| Goodwill | | | 682 | | | 682 |
| Accrued interest receivable | | 3,846 | | 4,098 | ||
| Deferred federal income tax | | 2,716 | | 2,409 | ||
| Bank-owned life insurance | | 19,750 | | 19,423 | ||
| Other assets | | | 7,461 | | | 7,389 |
| Total assets | | $825,482 | | $819,449 | ||
| Liabilities and Stockholders’ Equity | | | | | ||
| Liabilities | | | | | ||
| Deposits | | | | | ||
| Demand | | $324,930 | | $339,280 | ||
| Savings | | 123,171 | | 130,821 | ||
| Time | | 167,718 | | 151,358 | ||
| Total deposits | | 615,819 | | 621,459 | ||
| Securities sold under repurchase agreements | | 36,123 | | 26,781 | ||
| Subordinated debentures | | 23,832 | | 23,787 | ||
| Advances Federal Home Loan Bank | | | 75,000 | | | 75,000 |
| Lease liability – finance lease | | | 2,845 | | | 2,764 |
| Interest payable and other liabilities | | 6,403 | | 6,065 | ||
| Total liabilities | | 760,022 | | 755,856 | ||
| | | | | | | |
| 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 6,203,141 shares at September 30, 2024, and 6,063,851 shares at December 31, 2023; outstanding - 5,788,893 and 5,702,685 shares at September 30, 2024 and December 31, 2023, respectively | | 6,203 | | 6,064 | ||
| Additional paid-in capital | | 26,204 | | 25,913 | ||
| Retained earnings | | 45,531 | | 44,018 | ||
| Stock held by deferred compensation plan; 177,385 and 181,803 shares at September 30, 2024 and December 31, 2023 | | (2,072) | | (2,363) | ||
| Accumulated other comprehensive loss | | (7,158) | | (7,478) | ||
| Treasury stock, at cost 236,863 and 179,363 shares- at September 30, 2024 and December 31, 2023, respectively | | (3,248) | | (2,561) | ||
| Total stockholders’ equity | | 65,460 | | 63,593 | ||
| Total liabilities and stockholders’ equity | | $825,482 | | $819,449 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.