Company: UBCP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001410578-25-001248
Chunk: 11

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2M
Chunk 11
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 our interest expense to average assets marginally increased by four (4) basis points, to 1.75%, year-over-year. In addition, on a linked quarter basis as of March 31, 2025, our Company experienced a decline in its interest expense to average assets of three (3) basis points from 1.78% the previous quarter and an increase in its net interest margin of nine (9) basis points, increasing from its previous quarter level of 3.51%. We are optimistic that this trend will continue into the coming quarters of the current year; especially, if the Federal Open Market Committee (FOMC) of the Federal Reserve gains more clarity on the direction of our economy and reduces their target for the Federal Funds Rate (FFR) in the coming months as the markets presently forecast.