Company: UBCP
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001410578-25-000351
Chunk: 15

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 15
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                                      2024                        
  Three months or less                $                    6,489  
  Over three through six months                           10,116  
  Over six through twelve months                          16,744  
  Over twelve months                                       2,587  
  Total                               $                   35,936  

Item 1A. Risk Factors

Smaller Reporting Companies are not required to provide this disclosure.

Item 1B. Unresolved Staff Comments

None.

Item 1C. Cybersecurity

General

All companies utilizing technology are subject to threats of breaches of their cybersecurity programs. To mitigate the threat to our business and address regulatory requirements, we take a comprehensive approach to cybersecurity risk management and have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. As described in more detail below, we have established
policies, standards, processes, and practices for assessing, identifying, and managing material risks
from cybersecurity threats. We devote significant financial and personnel resources to implement and maintain security measures to meet regulatory requirements and customer expectations, and we intend to continue to make significant investments to maintain the security of our data and cybersecurity infrastructure.

Legal Overview

Pursuant to the requirements of section 39 of the Federal Deposit Insurance Act (12 U. S. C. 1831p - 1) and sections 501 and 505(b) of the Gramm-Leach-Bliley Act (15 U. S. C. 6801, 6805(b)), the federal bank regulatory agencies adopted the Interagency Guidelines Establishing Information Security Standards (the “ Guidelines”). The requirements of the Guidelines apply to all FDIC-insured depository institutions, most subsidiaries of such entities, and to state savings associations. Federal law also mandates that information security procedures and controls be routinely evaluated by the Bank’s state and federal regulators as part of the standard safety and soundness examination process.

Bank Security Policy

To comply with all applicable federal requirements, the Bank’s Board of Directors has adopted the Unified Bank Information Security Policy (the “ ISP”), which establishes a program that the Bank’s management and board can use to:

  Ensure the security and confidentiality of customer information;  

  Protect against any anticipated threats or hazards to the security or integrity of such information; and  

  Protect against unauthorized access to or use of customer information that could result in substantial harm or inconvenience to any customer.  

Under the ISP, the
Board of Directors or an appropriate committee