United Bancorp, Inc. (UBCP) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 SOUTH FOURTH STREET
MARTINS FERRY, OH 43935
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,763100,58930,08035,29716,79168,763
Cash and cash equivalents81,763100,58930,08035,29716,79168,763
Financing receivable, accrued interest, after allowance for credit loss1,2001,200    
Total current assets:82,963101,78930,08035,29716,79168,763
Noncurrent Assets
Property, plant and equipment12,16112,18412,14412,30412,58712,741
Long-term investments and receivables   217,624211,842190,175159,497
Long-term investments   217,624211,842190,175159,497
Intangible assets, net (including goodwill)682682682682682682
Goodwill682682682682682682
Deferred income tax assets3,2672,6242,423   
Total noncurrent assets:16,11015,490232,873224,828203,444172,920
Other undisclosed assets731,211730,214494,447500,729498,870491,716
TOTAL ASSETS:830,284847,493757,400760,854719,105733,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt23,69030,50918,10628,11324,47622,751
Total current liabilities:23,69030,50918,10628,11324,47622,751
Noncurrent Liabilities
Other undisclosed liabilities748,185757,979679,557679,595636,316646,747
Total liabilities:771,875788,488697,663707,708660,792669,498
Equity
Equity, attributable to parent58,40959,00559,73753,14658,31363,901
Common stock6,0446,0446,0446,0446,0446,054
Treasury stock, value(2,561)(2,561)(1,828)(1,828)(1,828)(1,828)
Additional paid in capital25,32825,17224,81424,72324,52824,457
Deferred compensation equity(1,903)(1,815)(1,902)(1,898)(1,790)(1,813)
Accumulated other comprehensive loss(9,722)(7,730)(9,336)(14,480)(7,810)(784)
Retained earnings41,22339,89541,94540,58539,16937,815
Total equity:58,40959,00559,73753,14658,31363,901
TOTAL LIABILITIES AND EQUITY:830,284847,493757,400760,854719,105733,399

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9,2938,2087,9257,3036,4606,009
Net investment income9,2868,2087,9227,2976,4455,997
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
  (37)(37)   
Gross profit:9,2938,1717,8887,3036,4606,009
Operating expenses(764)(806)(871)(794)(780)(592)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
262107(443)283227108
Operating income:8,7917,4726,5746,7925,9075,525
Nonoperating income (expense)(38)188821(38)(38)186
Investment income, nonoperating(38)  (38)(38) 
Bank owned life insurance income  188   186
Interest and debt expense(2,941)(1,785)(1,381)(928)(477)(487)
Income from continuing operations before equity method investments, income taxes:5,8125,8756,0145,8265,3925,224
Other undisclosed loss from continuing operations before income taxes(3,364)(3,874)(3,475)(3,308)(2,800)(3,337)
Income from continuing operations before income taxes:2,4482,0012,5392,5182,5921,887
Income tax expense(168)(113)(233)(215)(295)(136)
Income from continuing operations:2,2801,8882,3062,3032,2971,751
Income before gain (loss) on sale of properties:2,3032,2971,751
Net income attributable to parent:2,2801,8882,3062,3032,2971,751
Other undisclosed net loss available to common stockholders, basic(50)(83)(103)(101)(63)(79)
Net income available to common stockholders, diluted:2,2301,8052,2032,2022,2341,672

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,2801,8882,3062,3032,2971,751
Comprehensive income:2,2801,8882,3062,3032,2971,751
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,992)1,6065,144(6,670)(7,026)(7,748)
Comprehensive income (loss), net of tax, attributable to parent:2883,4947,450(4,367)(4,729)(5,997)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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