Company: UBCP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001410578-25-001789
Chunk: 0

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Condensed Consolidated Balance Sheets

(In thousands, except share data)

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​​​​​​​​    June 30,     December 31, ​    ​2025    ​2024​​(Unaudited)​​​Assets ​   ​  Cash and due from banks​$ 7,867​$ 8,171Interest-bearing demand deposits​  41,819​ ​ 11,437Cash and cash equivalents​  49,686​ ​ 19,608Available-for-sale securities, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024​  227,253​ ​ 240,631Loans, net of allowance for credit losses of $4,156 and $4,026 at June 30, 2025 and December 31, 2024, respectively​  496,591​ ​ 486,945Premises and equipment​  27,008​ ​ 23,599Federal Home Loan Bank stock​  4,030​ ​ 4,026Foreclosed assets held for sale, net​  3,275​ ​ 3,363Core deposit other intangible asset​  47​ ​ 122Goodwill​​ 682​​ 682Accrued interest receivable​  4,013​ ​ 4,322Deferred federal income tax​  5,511​ ​ 4,011Bank-owned life insurance​  20,054​ ​ 19,852Other assets​​ 9,734​​ 9,495Total assets​$ 847,884​$816,656Liabilities and Stockholders’ Equity​   ​​ ​  ​Liabilities​   ​​ ​  ​Deposits​   ​​ ​  ​Demand​$ 327,461​$ 320,690Savings​  123,689​ ​ 125,120Time​  191,795​ ​ 167,684Total deposits​  642,945​ ​ 613,494Securities sold under repurchase agreements​  35,600​ ​ 30,494Subordinated debentures​  23,878​ ​ 23,847Advances Federal Home Loan Bank​​ 75,000​​ 75,000Lease liability – finance lease​​ 2,913​​ 2,873Interest payable and other liabilities​  7,