Company: UBCP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001410578-25-001248
Chunk: 0

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Condensed Consolidated Balance Sheets

(In thousands, except share data)

​

​​​​​​​​    March 31,     December 31, ​    ​2025    ​2024​​(Unaudited)​​​Assets ​   ​  Cash and due from banks​$ 7,905​$ 8,171Interest-bearing demand deposits​  28,498​ ​ 11,437Cash and cash equivalents​  36,403​ ​ 19,608Available-for-sale securities, net of allowance of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024​  229,843​ ​ 240,631Loans, net of allowance for credit losses of $4,095 and $4,026 at March 31, 2025 and December 31, 2024, respectively​  492,771​ ​ 486,945Premises and equipment​  24,967​ ​ 23,599Federal Home Loan Bank stock​  4,026​ ​ 4,026Foreclosed assets held for sale, net​  3,328​ ​ 3,363Core deposit other intangible asset​  85​ ​ 122Goodwill​​ 682​​ 682Accrued interest receivable​  3,499​ ​ 4,322Deferred federal income tax​  2,516​ ​ 4,011Bank-owned life insurance​  19,954​ ​ 19,852Other assets​​ 12,607​​ 9,495Total assets​$830,681​$816,656Liabilities and Stockholders’ Equity​   ​​ ​  ​Liabilities​   ​​ ​  ​Deposits​   ​​ ​  ​Demand​$ 323,030​$ 320,690Savings​  124,244​ ​ 125,120Time​  176,807​ ​ 167,684Total deposits​  624,081​ ​ 613,494Securities sold under repurchase agreements​  37,565​ ​ 30,494Subordinated debentures​  23,863​ ​ 23,847Advances Federal Home Loan Bank​​ 75,000​​ 75,000Lease liability – finance lease​​ 2,893​​ 2,873Interest payable and other liabilities​  6