Company: UBCP
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001410578-25-000351
Chunk: 12

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 12
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 include state usury and consumer credit laws, state laws relating to fiduciaries, the Federal Truth-in-Lending Act and Regulation Z, the Federal Equal Credit Opportunity Act and Regulation B, the Fair Credit Reporting Act, the Truth in Savings Act, the Community Reinvestment Act, anti-redlining legislation and antitrust laws.

Congress regularly considers legislation that may have an impact upon the operation of the Company and Unified. At this time, the Company is unable to predict whether any proposed legislation will be enacted and, therefore, is unable to predict the impact such legislation may have on the operations of the Company.

Employees

The Company itself, as a holding company, has no compensated employees. Unified has 115 full time employees, with 31 of these serving in a management capacity, and 11 part time employees.

                                       Executive Officers Positions held with Company;            
  Name                        Age      Business Experience                                        
  Scott Everson                57      President and Chief Executive Officer                      
  Matthew F. Branstetter       57      Senior Vice President – Chief Operating Officer            
  Randall M. Greenwood         61      Senior Vice President, Chief Financial Officer, Treasurer  
  Erika R. Ault                45      Corporate Secretary                                        

Each individual has held the position noted during the past five years with the excetption of Erik R. Ault who was appointed to Corporate Secretary August 21, 2024.

Each of these Executive Officers is appointed annually by the Company’s board of directors and is serving at-will in their current positions.

Internet Address

The Company’s internet web site may be founda at http://www. unitedbancorp. com.

Industry Segments

United Bancorp and its subsidiary are engaged in one line of business, banking. Item 8 of this 10-K provides financial information for United Bancorp’s business.

Statistical Disclosures by Bank Holding Companies

I Distribution of Assets, Liabilities and Stockholders’ Equity; Interest Rates and Interest Differential

Refer to Management’s Discussion and Analysis “ Average Balances, Net Interest Income and Yields Earned and Rates Paid” and “ Rate/Volume Analysis on pages 19 and 20 of our 2024 Annual Report filed herewith as Exhibit 13, which is incorporated by reference.

Average Balances, Net Interest Income and Yields Earned and Rates Paid

The following table provides average balance sheet information and reflects the taxable equivalent average yield on interest-earning assets and the average cost of interest-bearing liabilities for the years ended December 31,