Profile: United Bancorp Inc (UBCP.O)
20 Nov 2018
United Bancorp, Inc., incorporated on July 8, 1983, is a bank holding company. The Company has one subsidiary bank, The Citizens Savings Bank, Martins Ferry, Ohio (the Bank). The Bank operates two divisions for marketing purposes, The Community Bank, a division of The Citizens Savings Bank, and The Citizens Bank, a division of The Citizens Savings Bank. The Bank serves customers in northeastern, eastern, southeastern and south central Ohio and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank offers brokerage service through LPL Financial member National Association Of Securities Dealers/Securities Investor Protection Corporation (NASD/SIPC).
The Bank's loan portfolio includes commercial loans, commercial real estate loans, residential real estate loans and installment loans. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Residential and consumer loans consist of two segments: residential mortgage loans and personal loans. For residential mortgage loans that are secured by one- four family residences and are generally owner-occupied, the Company establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in one- four family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. The Bank's total loans portfolio amounted to approximately $327 million.
The Bank's securities portfolio consists of the United States Government and agency obligations, tax-exempt obligations of states and political subdivisions and certain other investments. The Bank's total available-for-sale securities amounted to approximately $34 million.
Sources of Funds
The Bank's primary source of funds is retail core deposits from individuals and business customers. These core deposits include all categories of time deposits, excluding certificates of deposit greater than $100,000. The Company has a deposit base from public agencies, including local school districts, city and township municipalities, public works facilities and others. The Bank's total deposits amounted to approximately $323 million.
United Bancorp Inc
201 S Fourth St
PO Box 10
MARTINS FERRY OH 43935-0010