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 except per share data)
(In thousands except per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| Interest and Dividend Income · · | ||||||
| Loans | | $28,325 | | $25,232 | ||
| Securities | | | | | | |
| Taxable | | 2,003 | | | 2,741 | |
| Tax-exempt | | 7,363 | | | 5,870 | |
| Federal funds sold | | 1,446 | | | 2,752 | |
| Dividends on Federal Home Loan Bank and other stock | | 384 | | | 254 | |
| Total interest and dividend income | | 39,521 | | | 36,849 | |
| Interest Expense | | | | | | |
| Deposits | | 8,146 | | | 5,873 | |
| Borrowings | | 6,575 | | | 5,141 | |
| Total interest expense | | 14,721 | | | 11,014 | |
| Net Interest Income | | 24,800 | | | 25,835 | |
| Credit Loss Expense | | | | | | |
| Provision for (reversal of ) Credit Loss expense - loans | | | 429 | | | (454) |
| Provision for (reversal of ) Credit Loss expense – off balance sheet | | | (130) | | | — |
| Provision for (reversal of) credit loss expense | | | 299 | | | (454) |
| Net Interest Income After Provision for (reversal of) Credit Losses | | 24,501 | | | 26,289 | |
| Noninterest Income | | | | | | |
| Customer service fees | | 2,993 | | | 2,940 | |
| Net gains on loan sales | | 482 | | | 29 | |
| Earnings on bank-owned life insurance | | 761 | | | 725 | |
| Realized loss on sale of available-for-sale securities | | (116) | | | — | |
| Other | | | 340 | | | 360 |
| Total noninterest income | | 4,460 | | | 4,054 | |
| Noninterest Expense | | | | | | |
| Salaries and employee benefits | | 10,083 | | | 10,272 | |
| Net occupancy and equipment expense | | 2,318 | | | 2,064 | |
| Professional fees | | 1,819 | | | 1,427 | |
| Data processing and related electronic services | | | 1,709 | | | 1,525 |
| Insurance | | 622 | | | 623 | |
| Deposit insurance premiums | | 372 | | | 375 | |
| Franchise and other taxes | | 585 | | | 555 | |
| Advertising expense | | 425 | | | 361 | |
| Printing and office supplies | | 112 | | | 113 | |
| Amortization of intangible assets | | 150 | | | 150 | |
| Other | | 3,471 | | | 3,383 | |
| Total noninterest expense | | 21,666 | | | 20,852 | |
| Income Before Federal Income Taxes | | | 7,295 | | | 9,491 |
| (Credit) Provision for Federal Income Taxes | | | (107) | | | 541 |
| Net Income | | $7,402 | | $8,950 | ||
| Basic Earnings Per Share | | $1.27 | | $1.57 | ||
| Diluted Earnings Per Share | | $1.27 | | $1.57 | ||
| | |
| 30 | |
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