---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114061"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:24:38.547241+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United Bancorp Q3 EPS $0.40, down $0.10 YoY; NII up 13.6% on balance-sheet mix shift

## Summary
- Q3 net income $2.3M ($0.40 diluted EPS) vs $2.9M ($0.50) a year ago; prior year included $1.25M security gain and $400k negative provision.
- Net interest income rose $764k (+13.6%) as interest income grew $1.1M (+17.1%) on higher-yielding loans and securities.
- Total deposits $650.1M (+6.8% YoY); net interest margin improved 6 bps to 3.60% linked quarter.
- Book value fell to $8.98 from $11.74 due to $14.5M AOCI loss on securities portfolio in rising-rate environment.
- Credit quality remained stable: non-accrual loans $4.0M (0.86% of loans), 95% one relationship; net charge-offs under $1,000.

## SEC filing metadata
- accession: 0001104659-22-114061
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731653/000110465922114061/0001104659-22-114061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000110465922114061/tm2229534d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114061
- JSON: https://secwatch.observer/filing/0001104659-22-114061.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.