联合合众银行(俄亥俄州) 2025年度报告

Indicated by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Exchange Act. Yes☐No☒. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90days.Yes☒No☐s Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒. No☐. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reportingcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule12b-2 of the Exchange Act: Large accelerated filer☐ Non-accelerated filer☒ Smaller reporting company☒ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of June30, 2025 the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $66,087,390based on the closing sale price as reported on the National Association of Securities Dealers Automated Quotation System. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Registrant had 5,756,852 common shares outstanding as of March11, 2026. Portions of the Annual Report to Shareholders for theyear ended December 31, 2025 are incorporated by reference into Parts Iand II. Item 1Business Business United Bancorp, Inc. (Company) is a bank holding company headquartered in Martins Ferry, Ohio.The Company is an Ohio corporation which filed its initial articles of incorporation on July 8, 1983.At December 31, 2025 the Company has one wholly-owned subsidiary bank, Unified Bank, MartinsFerry, Ohio (Unified, or the Bank). The Company serves customers in northeastern, eastern, southeastern and south central Ohio and theNorthern panhandle of West Virginia and is engaged in the business of commercial and retailbanking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfieldcounties and the surrounding localities. The bank also operates in Ohio and Marshall counties inWest Virginia. The Bank provides a broad range of banking and financial services, which includesaccepting demand, savings and time deposits and granting commercial, real estate and consumerloans. Unified conducts its business through its main office and stand alone operations center inMartins Ferry, Ohio and eighteen branches located in the counties mentioned above. Unified has no single customer or related group of customers whose banking activities, whetherthrough deposits or lending, would have a material impact on the continued earnings capabilities ifthose activities were removed. For a discussion of the development of the Company’s business over the course of the prior fiscalyear,refer to“Management’s Discussion and Analysis”from the 2025 Annual Report ToShareholders filed herewith as Exhibit 13. Competition The markets in which Unified operates continue to be highly competitive. Unified competes forloans and deposits with other retail commercial banks, savings and loan associations, financecompanies, credit unions and other types of financial institutions within the Mid-Ohio valleygeographic area along the eastern border of Ohio including Belmont, Harrison and Jefferson countiesand extending into the northern panhan