United Bancorp Q2 EPS $0.38 up 31% YoY; record H1 net income $4.09M

UNITED BANCORP INC /OH/

2021-Q2 EPS reported $0.71 revenue$1,401,000

Q2 diluted EPS $0.38, net income $2.185M; up 31% vs prior year.
H1 diluted EPS $0.71, net income $4.093M; up 25% vs prior year (record).
Loans grew 2.9% to $458.7M; securities portfolio down 24.3% to $148.3M.
Credit quality solid; nonaccrual loans 0.68% of loans; allowance 0.99%.
Equity to assets 9.50%; $69.4M equity up 5.1%; dividend up 36% YoY incl special.

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