United Bancorp Inc /Oh/ (NASDAQ: UBCP)

United Bancorp Inc /Oh/ operates as a bank holding company, primarily engaged in the banking industry. The company offers a range of financial services through its subsidiary, Unified Bank, which includes commercial and retail banking, mortgage lending, and treasury management services. United Bancorp Inc /Oh/ serves customers in Ohio and West Virginia, with a focus on small businesses and the local community.

The company generates revenue through various channels, including interest income from loans and investments, as well as noninterest income from fees and services. Key products and services include commercial and industrial loans, real estate loans, consumer loans, and investment securities. United Bancorp Inc /Oh/ caters to a diverse customer base, including retail customers, small businesses, and public agencies such as local school districts and municipalities.

• Commercial and Industrial Loans: This segment includes originated loans in the company's market areas and purchased participations in loans from other banks for out-of-area commercial and commercial real estate loans. It caters to the small-business oriented commercial portfolio, which accounts for approximately eighty percent of the total loans.

• Other Non-Farm Non-Residential Loans: This segment focuses on non-residential real estate loans, providing financing for properties used for business purposes.

• Owner-Occupied Non-Farm/Non-Residential Loans: This segment offers loans for properties that are owner-occupied and used for business purposes.

• Residential Real Estate Loans: This segment includes loans for residential properties, catering to individual homeowners.

• Consumer Loans: This segment provides personal loans to individuals, offering higher yields but carrying somewhat more risk than real estate lending.

• Securities Portfolio: The company's securities portfolio comprises U.S. Government agency-backed securities, tax-exempt obligations of state and political subdivisions, and certain other investments.

United Bancorp Inc /Oh/ operates in a competitive industry, facing competition from other regional banks and financial institutions. The company's competitive advantages include its focus on relationship-driven banking, strong community presence, and a diverse range of financial services. Additionally, United Bancorp Inc /Oh/ has been investing in technology and digital transformation to enhance customer experience and operational efficiency.

The company's customer base includes retail customers, small businesses, and public agencies. Specific customers mentioned in the filing include local school districts, city and county governments, and other public works facilities. United Bancorp Inc /Oh/ serves the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas, as well as Marshall County in West Virginia, through its eighteen banking centers.