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$14.05-3.4%Stored close · as of Nov 10, 2026
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EX-13 · Years Ended December 31, 2024 and 2023 (In thousands)
Years Ended December 31, 2024 and 2023**
**(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| Financing Activities · · | ||||||
| Net (decrease) increase in deposits | | $(7,965) | | $(28,454) | ||
| Net change in securities sold under repurchase agreements | | 3,713 | | 8,675 | ||
| Repurchase of common stock | | | (687) | | | (733) |
| Finance lease payments | | | (93) | | | --- |
| Proceeds from Federal Home Loan Bank Advances | | | — | | | 75,000 |
| Cash dividends paid | | (5,113) | | (4,789) | ||
| Net cash (used in) provided by financing activities | | (10,145) | | 49,699 | ||
| (Decrease) Increase in Cash and Cash Equivalents | | (21,162) | | 10,690 | ||
| Cash and Cash Equivalents, Beginning of Year | | 40,770 | | 30,080 | ||
| Cash and Cash Equivalents, End of Year | | $19,608 | | $40,770 | ||
| Supplemental Cash Flows Information | | | | | ||
| Interest paid on deposits and borrowings | | $14,623 | | $10,585 | ||
| Federal income taxes paid | | $102 | | $— | ||
| Supplemental Disclosure of Non-Cash Investing Activities | | | | | ||
| Transfers from loans to foreclosed assets held for sale | | $54 | | $33 | ||
| Adoption of ASU 2016-13 | | $— | | $2,089 | ||
| Finance lease asset and liability | | $— | | $2,764 | ||
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| 34 | |
Note 1: Nature of Operations and Summary of Significant Accounting Policies
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