United Bancorp, Inc. (UBCP): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community bank like United Bancorp, Inc., with total assets reaching approximately $760 million as of late 2023, continues to thrive in a competitive financial landscape? This institution has carved out a significant presence, focusing on personalized banking services across its operational footprint in Ohio and West Virginia, distinguishing itself from larger, less localized competitors. Its steady performance, including a reported net income around $7.5 million for the trailing twelve months ending in late 2023, highlights a successful strategy rooted in community engagement and sound financial management. Are you curious to understand the historical milestones, ownership dynamics, core mission, and the specific mechanisms through which UBCP operates and generates its income?

United Bancorp, Inc. (UBCP) History

United Bancorp, Inc.'s Founding Timeline

Year established

The roots trace back to 1902 with the founding of The Citizens National Bank of Flushing. United Bancorp, Inc. itself was formed as a bank holding company much later, in 1983.

Original location

The initial bank began in Flushing, Ohio. The holding company, United Bancorp, Inc., is headquartered in Martins Ferry, Ohio.

Founding team members

Specific individual founders of the original 1902 bank are part of early local history. The formation of the holding company in 1983 involved the leadership of the then-existing banks under its umbrella.

Initial capital/funding

Details on the 1902 capitalization are historical records. The 1983 holding company formation was structured through the consolidation of existing banking assets.

United Bancorp, Inc.'s Evolution Milestones

United Bancorp, Inc.'s Transformative Moments

Adoption of Holding Company Structure (1983)

Transitioning to a holding company was pivotal. It allowed UBCP to acquire other banks more easily, laying the groundwork for decades of expansion beyond its original single-bank operation. This structure provided strategic and operational advantages essential for growth.

Strategic Community Bank Acquisitions

Rather than rapid, large-scale expansion, UBCP deliberately acquired smaller community banks within its target Eastern Ohio region. This strategy reinforced its identity as a local institution, built regional density, and allowed for smoother integration compared to larger M&A deals. Each acquisition strengthened its local market share.

Commitment to Core Banking Principles

Throughout its evolution, including navigating economic downturns and the rise of digital banking, the company maintained a focus on traditional community banking. This steadfast approach helped build a loyal customer base and defined its operational strategy, aligning with its long-term goals. Understanding the Mission Statement, Vision, & Core Values of United Bancorp, Inc. (UBCP). provides deeper insight into this enduring commitment.

United Bancorp, Inc. (UBCP) Ownership Structure

United Bancorp, Inc. operates as a publicly traded company, meaning its ownership is distributed among various institutional investors, company insiders, and the general public. This structure reflects its status as a community bank holding company accessible through public stock exchanges.

United Bancorp, Inc.'s Current Status

As of the end of 2024, United Bancorp, Inc. is a publicly traded entity. Its common stock trades on the NASDAQ Capital Market under the ticker symbol UBCP. Being public subjects the company to regulatory oversight by the Securities and Exchange Commission (SEC) and requires regular financial disclosures.

United Bancorp, Inc.'s Ownership Breakdown

The ownership of UBCP is diversified. A significant portion is held by institutional investors, while insiders also maintain a stake, aligning their interests with shareholders. The remaining shares are held by the public. For a deeper dive into who holds UBCP stock, consider Exploring United Bancorp, Inc. (UBCP) Investor Profile: Who’s Buying and Why?

United Bancorp, Inc.'s Leadership

The strategic direction and governance of United Bancorp, Inc. are guided by its executive leadership team and Board of Directors as of late 2024. Key figures responsible for steering the company include:

• Randall M. Greenwood: Chairman, President, and Chief Executive Officer
• Scott A. Everson: Senior Executive Vice President and Chief Operating Officer
• Tony L. Jones: Executive Vice President and Chief Financial Officer

This leadership team oversees operations, financial performance, and strategic initiatives, ensuring alignment with the interests of shareholders and regulatory requirements.

United Bancorp, Inc. (UBCP) Mission and Values

United Bancorp, Inc. roots its operations deeply in community banking principles, striving to deliver substantial value that extends beyond mere financial results. Their articulated core purpose shapes daily operations and long-term strategy, influencing interactions with customers, team members, and the local areas they support.

United Bancorp, Inc.'s Core Purpose

Grasping the foundational philosophy of a bank like UBCP is key to understanding its market position and approach. It reflects their commitment to specific stakeholders and operational ethics. For a deeper dive, consider reviewing the Mission Statement, Vision, & Core Values of United Bancorp, Inc. (UBCP).

Official mission statement

The bank's mission is clearly defined: To be a high-performing community bank built on strong customer relationships. This involves consistently creating value for shareholders, delivering exceptional service experiences for customers, providing fulfilling career paths for employees, and making meaningful contributions to the vitality of their communities.

Vision statement

UBCP envisions itself as the foremost independent community bank within its geographical footprint. Achieving this vision entails pursuing prudent, sustainable growth, upholding robust financial health, and earning recognition as the go-to financial institution for both personal and business banking needs in the markets served.

Company slogan

Reinforcing its identity and market niche, United Bancorp, Inc. utilizes the direct and fitting slogan: The Community Bank. This tagline encapsulates their core business model and unwavering focus on serving local individuals and businesses.

United Bancorp, Inc. (UBCP) How It Works

United Bancorp, Inc. operates primarily through its subsidiary, Unified Bank, functioning as a community-focused financial institution generating revenue mainly from interest earned on loans and investments, funded by customer deposits, alongside fee-based services. It carefully manages the spread between the interest it pays on deposits and the interest it earns on assets.

United Bancorp, Inc.'s Product/Service Portfolio

United Bancorp, Inc.'s Operational Framework

The bank's core operation involves attracting deposits from its local communities through a network of branches and digital platforms. As of late 2024, total assets stood near $1.2 billion. These funds are then deployed primarily into lending activities across various sectors – commercial, real estate, and consumer. Interest income generated from this loan portfolio forms the bulk of revenue; for instance, net interest income was reported at $9.8 million for the third quarter of 2024. Noninterest income is derived from service charges on deposit accounts, ATM fees, treasury management services, and wealth management fees. Operational efficiency and risk management are key; the bank continuously monitors credit quality and manages interest rate risk to maintain profitability. Technology investments support digital banking services, enhancing customer convenience and operational reach beyond physical branches.

Understanding the components driving these numbers is crucial. Breaking Down United Bancorp, Inc. (UBCP) Financial Health: Key Insights for Investors provides a deeper dive into the company's financial standing.

United Bancorp, Inc.'s Strategic Advantages

• Community Focus: Deep roots and strong relationships within its operating markets in Ohio and West Virginia foster customer loyalty and provide intimate knowledge of local economic conditions.
• Personalized Service: As a community bank, it differentiates itself from larger institutions through tailored financial solutions and direct access to decision-makers.
• Diverse Loan Portfolio: A balanced mix across commercial, real estate, and consumer lending helps mitigate concentration risk.
• Experienced Leadership: A stable management team with significant local banking experience guides strategic direction.
• Digital Adaptation: While maintaining a community feel, the bank invests in digital tools to meet evolving customer expectations for online and mobile banking services.

United Bancorp, Inc. (UBCP) How It Makes Money

United Bancorp, Inc. primarily generates revenue through the traditional banking model, earning interest on loans extended to customers and investments, funded by customer deposits and other borrowings.

United Bancorp, Inc.'s Revenue Breakdown

United Bancorp, Inc.'s Business Economics

The core economic engine for the bank relies on the net interest spread – the difference between the interest income generated from assets like loans (commercial, real estate, consumer) and securities, and the interest expense paid out on liabilities such as deposits and borrowed funds. Efficient management of this spread, alongside controlling operating costs, is crucial. Noninterest income, derived from service charges on deposit accounts, trust services, mortgage banking activities, and other fees, provides a secondary, though important, revenue stream helping to diversify earnings away from pure interest rate sensitivity.

United Bancorp, Inc.'s Financial Performance

Key indicators reflect the bank's operational health and profitability as of the end of fiscal year 2024. The net interest margin (NIM), a critical measure of lending profitability, stood at approximately 3.25%. Operational efficiency is monitored through the efficiency ratio, which came in at 65.5% for 2024, indicating the proportion of revenue consumed by operating expenses. Profitability metrics such as Return on Assets (ROA) and Return on Equity (ROE) provide insight into how effectively the bank utilizes its assets and shareholder investments, registering at 0.95% and 10.2% respectively for the year. For a deeper dive into the company's financial standing, consider Breaking Down United Bancorp, Inc. (UBCP) Financial Health: Key Insights for Investors.

• Asset quality remains a constant focus, impacting loan loss provisions and overall profitability.
• Capital adequacy ratios are monitored closely to ensure compliance with regulatory requirements and provide a cushion against financial stress.

United Bancorp, Inc. (UBCP) Market Position & Future Outlook

As of 2024, United Bancorp, Inc. operates as a focused community bank holding company, holding a niche position within its specific markets in Ohio and West Virginia. Its future outlook hinges on navigating the competitive landscape and leveraging local economic conditions while managing interest rate sensitivity.

Competitive Landscape

UBCP faces competition from larger regional banks and other community banks within its operating footprint. Market share positioning reflects its community bank status.

Opportunities & Challenges

Navigating the evolving financial environment presents both growth avenues and potential hurdles for UBCP heading into 2025.

Industry Position

United Bancorp, Inc. stands as a community-focused institution within the broader banking industry. With total assets typically hovering under **$1 billion** (based on recent reporting trends up to 2024), UBCP prioritizes relationship banking in its Eastern Ohio and West Virginia locales. Its strategy often involves deep community engagement and personalized service, differentiating it from larger, more impersonal competitors. This approach aligns with the core tenets often found in community banking, emphasizing local support and tailored financial solutions, reflecting its underlying philosophy detailed in the Mission Statement, Vision, & Core Values of United Bancorp, Inc. (UBCP). Key strategic initiatives likely focus on maintaining asset quality, managing operating expenses efficiently, and adapting technology to meet customer expectations without losing its community connection.