UNITED BANCORP INC /OH/
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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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EX-13 · (In thousands)
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| Operating Activities · · | ||||||
| Net income | | $7,402 | | $8,950 | ||
| Items not requiring (providing) cash: | | | | | ||
| Depreciation and amortization | | 1,079 | | | 997 | |
| Provision for (reversal of) credit loss expense - loans | | 429 | | | (454) | |
| Provision for (reversal of) credit loss expense – off balance sheet | | | (130) | | | — |
| Amortization of premiums and discounts on securities-net | | 435 | | | 512 | |
| Amortization of intangible assets | | 150 | | | 150 | |
| Deferred income taxes | | (904) | | | 13 | |
| Originations of loans held for sale | | (15,556) | | | (615) | |
| Proceeds from sale of loans held for sale | | 16,038 | | | 644 | |
| Net gains on sales of loans | | (482) | | | (29) | |
| Expense related to share-based compensation plans | | 884 | | | 658 | |
| Realized loss on sale of available-for-sale securities | | | 116 | | | — |
| Net loss (gain) or on sale or write-down of foreclosed assets and other repossessed assets | | 7 | | | 12 | |
| Increase in cash surrender value of bank-owned life insurance | | (429) | | (422) | ||
| Amortization of debt issuance costs | | | 61 | | | 61 |
| Changes in: | | | | | ||
| Accrued interest receivable | | (254) | | | (695) | |
| Other assets | | (2,154) | | | (288) | |
| Interest payable and other liabilities | | 1,756 | | | (31) | |
| Net cash provided by operating activities | | 8,448 | | 9,463 | ||
| Investing Activities | | | | | ||
| Purchases of available-for-sale securities | | (46,120) | | | (25,918) | |
| Sales of available-for-sale securities | | 27,431 | | | — | |
| Maturities, prepayments and calls | | 17,060 | | | 2,330 | |
| Net change in loans | | (8,155) | | | (22,465) | |
| Purchase of Federal Home Loan Bank Stock | | | (47) | | | (3,149) |
| Redemption of Federal Home Loan Bank Stock | | | — | | | 1,669 |
| Purchases of premises and equipment, net | | (9,695) | | | (1,081) | |
| Proceeds from sale of premises and equipment | | — | | | 9 | |
| Proceeds from sales of foreclosed assets | | 61 | | | 133 | |
| Net cash used in investing activities | | (19,465) | | | (48,472) | |
| | |
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