NASDAQ: UBCP
UNITED BANCORP INC /OH/CIK 0000731653 · SIC 6022 · State Savings Banks
Mid by assets
Assets $878M
as of Aug 30, 2026
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8-K
Filed Aug 20, 2026
· Period ending Aug 19, 2026
Summary not yet generated.
10-Q
Filed Aug 12, 2026
· Period ending Jun 30, 2026
Red flag
Q2 2026 net income +9.5% to $2.1M as NIM expands 17bp, but nonaccrual loans triple
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8-K
Filed Jul 24, 2026
· Period ending Jul 23, 2026
United Bancorp reports Q2 2026 EPS of $0.36, up 9.1% on deposit growth and margin expansion
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10-Q
Filed May 14, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed May 7, 2026
· Period ending May 7, 2026
Summary not yet generated.
8-K
Filed Apr 23, 2026
· Period ending Apr 22, 2026
Summary not yet generated.
8-K
Filed Apr 23, 2026
· Period ending Apr 22, 2026
Summary not yet generated.
10-K/A
Filed Mar 19, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Mar 18, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Nov 12, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed Aug 14, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-K
Filed Mar 14, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B3
Filed Sep 10, 2018
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest and Dividend Income | ||||
| Loans, including fees | 7,875 | 7,680 | 15,400 | 15,007 |
| Taxable | 234 | 388 | 467 | 775 |
| Non-taxable | 2,062 | 1,858 | 4,110 | 3,754 |
| Federal funds sold | 286 | 395 | 410 | 533 |
| Dividends on Federal Home Loan Bank stock and other stock | 76 | 90 | 160 | 184 |
| Total interest and dividend income | 10,533 | 10,411 | 20,547 | 20,253 |
| Interest expense | ||||
| Deposits | 2,260 | 2,188 | 4,360 | 4,203 |
| Borrowings | 1,269 | 1,628 | 2,672 | 3,208 |
| Total interest expense | 3,529 | 3,816 | 7,032 | 7,411 |
| Net Interest Income | 7,004 | 6,595 | 13,515 | 12,842 |
| Credit Loss Expense | ||||
| Provision for credit loss expense loans | 126 | 206 | 156 | 302 |
| Reversal of credit loss expense off balance sheet commitments | — | — | — | — |
| Provision for Credit Loss Expense | 126 | 206 | 156 | 302 |
| Net interest income after credit for credit losses | 6,878 | 6,389 | 13,359 | 12,540 |
| Noninterest Income | ||||
| Service charges on deposit accounts | 847 | 801 | 1,639 | 1,534 |
| Realized gains on sale of available-for-sale securities | — | — | — | 144 |
| Realized gains on sales of loans | 231 | 141 | 329 | 225 |
| Earnings on bank-owned life insurance | 412 | 187 | 837 | 380 |
| Other income | 127 | 261 | 237 | 388 |
| Total noninterest income | 1,617 | 1,390 | 3,042 | 2,671 |
| Noninterest expense | ||||
| Salaries and employee benefits | 3,189 | 2,869 | 6,193 | 5,706 |
| Occupancy and Equipment | 752 | 620 | 1,563 | 1,250 |
| Professional services | 461 | 508 | 798 | 850 |
| Data processing and related electronic services | 527 | 409 | 1,040 | 775 |
| FDIC Insurance | 99 | 94 | 198 | 188 |
| Insurance | 182 | 159 | 365 | 321 |
| Franchise and other taxes | 143 | 127 | 284 | 272 |
| Advertising | 130 | 130 | 261 | 260 |
| Stationery and office supplies | 34 | 38 | 66 | 69 |
| Amortization of intangibles | — | 38 | — | 75 |
| Other expenses | 917 | 851 | 1,821 | 1,663 |
| Total noninterest expense | 6,434 | 5,843 | 12,589 | 11,429 |
| Income Before Federal Income Taxes | 2,061 | 1,936 | 3,812 | 3,782 |
| Provision (Benefit) for Federal Income Taxes | (34) | 22 | (194) | (4) |
| Net Income | 2,095 | 1,914 | 4,006 | 3,786 |
| Basic Earnings Per Share | 0.36 | 0.33 | 0.69 | 0.65 |
| Diluted Earnings Per Share | 0.36 | 0.33 | 0.69 | 0.65 |
| Dividends Per Share | 0.1950 | 0.1850 | 0.5625 | 0.5425 |
Condensed Consolidated Balance Sheets
(In thousands, except share data)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and due from banks | 8,363 | 9,381 |
| Interest-bearing demand deposits | 37,621 | 37,147 |
| Cash and cash equivalents | 45,984 | 46,528 |
| Available-for-sale securities, net of allowance for credit losses of $0 at June 30, 2026 and December 31, 2025 | 241,046 | 234,204 |
| Loans held for sale | 766 | — |
| Loans, net of allowance for credit losses of $4,356 and $4,261 at June 30, 2026 and December 31, 2025, respectively | 491,378 | 487,298 |
| Premises and equipment | 36,472 | 34,095 |
| Federal Home Loan Bank stock | 3,287 | 4,030 |
| Foreclosed assets held for sale, net | 2,261 | 2,540 |
| Goodwill | 682 | 682 |
| Accrued interest receivable | 4,233 | 3,982 |
| Deferred federal income tax | 3,406 | 3,383 |
| Bank-owned life insurance | 38,545 | 30,920 |
| Other assets | 9,912 | 9,783 |
| Total assets | 877,972 | 857,445 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Deposits | ||
| Demand | 351,180 | 335,422 |
| Savings | 130,764 | 124,213 |
| Time | 205,001 | 181,731 |
| Total deposits | 686,945 | 641,366 |
| Securities sold under repurchase agreements | 29,388 | 29,403 |
| Subordinated debentures | 23,939 | 23,909 |
| Advances Federal Home Loan Bank | 55,000 | 75,000 |
| Lease liability finance lease | 2,954 | 2,958 |
| Interest payable and other liabilities | 7,658 | 14,294 |
| Total liabilities | 805,884 | 786,930 |
| 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 6,253,141 shares at June 30, 2026, and 6,213,141 shares at December 31, 2025; outstanding 5,735,518 and 5,756,852 shares at June 30, 2026 and December 31, 2025, respectively | 6,253 | 6,213 |
| Additional paid-in capital | 27,436 | 27,073 |
| Retained earnings | 49,224 | 48,576 |
| Stock held by deferred compensation plan; 209,126 and 194,971 shares at June 30, 2026 and December 31, 2025, respectively | (2,635) | (2,431) |
| Accumulated other comprehensive loss | (3,909) | (5,351) |
| Treasury stock, at cost 308,497 and 261,318 shares at June 30, 2026 and December 31, 2025, respectively | (4,281) | (3,565) |
| Total stockholders’ equity | 72,088 | 70,515 |
| Total liabilities and stockholders’ equity | 877,972 | 857,445 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands except per share data)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net income | 4,006 | 3,786 |
| Items not requiring (providing) cash | ||
| Depreciation and amortization | 822 | 576 |
| Amortization of intangible asset | — | 75 |
| Premium amortization on securities | 194 | 213 |
| Provision for credit loss expense | 156 | 302 |
| Gain on sale of loans | (329) | (225) |
| (Gain) loss on sale of available-for-sale securities | — | (144) |
| Expense related to share based compensation programs | 199 | 177 |
| Increase in value of bank-owned life insurance | (708) | (202) |
| Originations of loans held for sale | (13,257) | (7,255) |
| Proceeds from sale of loans held for sale | 12,820 | 7,480 |
| Amortization of debt instrument costs | 30 | 30 |
| Net change in accrued interest receivable and other assets | (1,912) | (448) |
| Net change in accrued expenses and other liabilities | (719) | 480 |
| Net cash provided by operating activities | 1,302 | 4,845 |
| Investing Activities | ||
| Purchase of available-for-sale securities | (11,236) | — |
| Sales of available-for-sale securities | — | 7,724 |
| Maturities of available-for-sale securities | 110 | 10 |
| Net change in loans | (3,111) | (9,723) |
| Purchase of bank-owned life insurance | (6,917) | — |
| Purchase of Federal Home Loan Bank Stock | — | (4) |
| Redemption of Federal Home Loan Bank Stock | 743 | — |
| Proceeds from sales of foreclosed assets and fixed assets | 299 | 50 |
| Purchases of premises and equipment, net | (3,220) | (3,975) |
| Net cash used in investing activities | (23,332) | (5,918) |
| Financing Activities | ||
| Net change in deposits | 45,579 | 29,451 |
| Net change in securities sold under repurchase agreements | (15) | 5,106 |
| Net change in Federal Home Loan Bank advances | (20,000) | — |
| Finance lease principal payment | (4) | (40) |
| Repurchase of common stock | (716) | (129) |
| Cash dividends paid | (3,358) | (3,237) |
| Net cash provided by financing activities | 21,486 | 31,151 |
| Increase (Decrease) in Cash and Cash Equivalents | (544) | 30,078 |
| Cash and Cash Equivalents, Beginning of Period | 46,528 | 19,608 |
| Cash and Cash Equivalents, End of Period | 45,984 | 49,686 |
| Supplemental Cash Flows Information | ||
| Federal income taxes paid | — | — |
| Interest paid on deposits and borrowings | 7,084 | 13,450 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share data); (In thousands, except share data); (In thousands except per share data). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗