secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANCORP INC /OH/ (UBCP)
CIK:        0000731653
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001104659-22-114061
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731653/000110465922114061/0001104659-22-114061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731653/000110465922114061/tm2229534d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114061

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