United Bancorp Inc
United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company offers a range of banking and financial services, including accepting demand, savings, and time deposits, as well as granting commercial, real estate, and consumer loans. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry,… Read more
United Bancorp Inc (UBCP) - Net Assets
Latest net assets as of December 2025: $70.51 Million USD
Based on the latest financial reports, United Bancorp Inc (UBCP) has net assets worth $70.51 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($857.44 Million) and total liabilities ($786.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $70.51 Million |
| % of Total Assets | 8.22% |
| Annual Growth Rate | 5.0% |
| 5-Year Change | -1.65% |
| 10-Year Change | 65.37% |
| Growth Volatility | 7.66 |
United Bancorp Inc - Net Assets Trend (1992–2025)
This chart illustrates how United Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Bancorp Inc (1992–2025)
The table below shows the annual net assets of United Bancorp Inc from 1992 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $70.51 Million | +11.12% |
| 2024-12-31 | $63.46 Million | -0.21% |
| 2023-12-31 | $63.59 Million | +6.45% |
| 2022-12-31 | $59.74 Million | -16.69% |
| 2021-12-31 | $71.70 Million | +4.94% |
| 2020-12-31 | $68.33 Million | +14.03% |
| 2019-12-31 | $59.92 Million | +18.32% |
| 2018-12-31 | $50.64 Million | +15.37% |
| 2017-12-31 | $43.90 Million | +2.94% |
| 2016-12-31 | $42.64 Million | +2.76% |
| 2015-12-31 | $41.50 Million | +2.74% |
| 2014-12-31 | $40.39 Million | +3.91% |
| 2013-12-31 | $38.87 Million | +6.13% |
| 2012-12-31 | $36.63 Million | +1.23% |
| 2011-12-31 | $36.18 Million | +1.69% |
| 2010-12-31 | $35.58 Million | +1.05% |
| 2009-12-31 | $35.21 Million | +3.86% |
| 2008-12-31 | $33.90 Million | +0.05% |
| 2007-12-31 | $33.89 Million | +4.01% |
| 2006-12-31 | $32.58 Million | +0.31% |
| 2005-12-31 | $32.48 Million | -1.05% |
| 2004-12-31 | $32.82 Million | +0.95% |
| 2003-12-31 | $32.51 Million | +1.12% |
| 2002-12-31 | $32.15 Million | +5.52% |
| 2001-12-31 | $30.47 Million | +6.26% |
| 2000-12-31 | $28.68 Million | +13.36% |
| 1999-12-31 | $25.30 Million | -7.33% |
| 1998-12-31 | $27.30 Million | +6.23% |
| 1997-12-31 | $25.70 Million | +28.50% |
| 1996-12-31 | $20.00 Million | +8.11% |
| 1995-12-31 | $18.50 Million | +12.12% |
| 1994-12-31 | $16.50 Million | +7.14% |
| 1993-12-31 | $15.40 Million | +9.22% |
| 1992-12-31 | $14.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 574.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $48.58 Million | 68.89% |
| Common Stock | $33.29 Million | 47.20% |
| Other Comprehensive Income | $-11.35 Million | -16.09% |
| Total Equity | $70.51 Million | 100.00% |
United Bancorp Inc Competitors by Market Cap
The table below lists competitors of United Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sabina Public Company Limited
BK:SABINA
|
$74.21 Million |
|
Rex International Holding Limited
OTCGREY:REXHF
|
$74.22 Million |
|
Namu Tech Co.Ltd
KQ:242040
|
$74.23 Million |
|
Resimac Group Ltd
AU:RMC
|
$74.26 Million |
|
Gozde Girisim Sermayesi Yatirim Ortakligi AS
IS:GOZDE
|
$74.18 Million |
|
Bank of the James Financial Group
NASDAQ:BOTJ
|
$74.16 Million |
|
Vigo System SA
WAR:VGO
|
$74.15 Million |
|
Chengdu Qinchuan IoT Technology Co Ltd
SHG:688528
|
$74.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 63,457,000 to 70,514,721, a change of 7,057,721 (11.1%).
- Net income of 7,752,513 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,247,121.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.75 Million | +10.99% |
| Other Comprehensive Income | $-1.25 Million | -1.77% |
| Other Changes | $552.33K | +0.78% |
| Total Change | $- | 11.12% |
Book Value vs Market Value Analysis
This analysis compares United Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.77x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $3.17 | $15.11 | x |
| 1993-12-31 | $3.52 | $15.11 | x |
| 1994-12-31 | $3.64 | $15.11 | x |
| 1995-12-31 | $4.47 | $15.11 | x |
| 1996-12-31 | $4.73 | $15.11 | x |
| 1997-12-31 | $5.21 | $15.11 | x |
| 1998-12-31 | $5.34 | $15.11 | x |
| 1999-12-31 | $5.00 | $15.11 | x |
| 2000-12-31 | $5.84 | $15.11 | x |
| 2001-12-31 | $6.33 | $15.11 | x |
| 2002-12-31 | $6.75 | $15.11 | x |
| 2003-12-31 | $6.94 | $15.11 | x |
| 2004-12-31 | $7.11 | $15.11 | x |
| 2005-12-31 | $7.00 | $15.11 | x |
| 2006-12-31 | $7.09 | $15.11 | x |
| 2007-12-31 | $7.47 | $15.11 | x |
| 2008-12-31 | $7.37 | $15.11 | x |
| 2009-12-31 | $7.60 | $15.11 | x |
| 2010-12-31 | $7.54 | $15.11 | x |
| 2011-12-31 | $7.54 | $15.11 | x |
| 2012-12-31 | $7.56 | $15.11 | x |
| 2013-12-31 | $7.98 | $15.11 | x |
| 2014-12-31 | $8.20 | $15.11 | x |
| 2015-12-31 | $8.41 | $15.11 | x |
| 2016-12-31 | $8.50 | $15.11 | x |
| 2017-12-31 | $8.81 | $15.11 | x |
| 2018-12-31 | $10.23 | $15.11 | x |
| 2019-12-31 | $10.84 | $15.11 | x |
| 2020-12-31 | $12.52 | $15.11 | x |
| 2021-12-31 | $13.09 | $15.11 | x |
| 2022-12-31 | $10.89 | $15.11 | x |
| 2023-12-31 | $11.58 | $15.11 | x |
| 2024-12-31 | $11.46 | $15.11 | x |
| 2025-12-31 | $12.13 | $15.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.32%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.16x
- Recent ROE (10.99%) is above the historical average (10.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 11.35% | 12.50% | 0.08x | 11.68x | $190.00K |
| 1993 | 11.04% | 13.49% | 0.07x | 11.15x | $160.00K |
| 1994 | 12.12% | 15.15% | 0.07x | 11.25x | $350.00K |
| 1995 | 11.89% | 14.38% | 0.08x | 10.34x | $350.00K |
| 1996 | 13.00% | 12.50% | 0.10x | 10.12x | $600.00K |
| 1997 | 10.89% | 12.67% | 0.08x | 10.26x | $230.00K |
| 1998 | 11.72% | 14.04% | 0.08x | 10.46x | $470.00K |
| 1999 | 12.65% | 13.97% | 0.08x | 11.81x | $670.00K |
| 2000 | 9.02% | 10.31% | 0.08x | 11.29x | $-280.93K |
| 2001 | 9.04% | 10.52% | 0.08x | 11.20x | $-291.83K |
| 2002 | 10.01% | 13.33% | 0.07x | 11.25x | $4.68K |
| 2003 | 11.19% | 15.60% | 0.06x | 11.86x | $387.95K |
| 2004 | 9.85% | 14.24% | 0.06x | 12.11x | $-49.51K |
| 2005 | 10.14% | 13.43% | 0.06x | 12.68x | $45.00K |
| 2006 | 6.35% | 7.50% | 0.07x | 12.94x | $-1.19 Million |
| 2007 | 7.63% | 8.71% | 0.07x | 13.32x | $-803.70K |
| 2008 | 11.09% | 13.06% | 0.07x | 13.03x | $368.60K |
| 2009 | 8.25% | 10.90% | 0.06x | 12.67x | $-616.10K |
| 2010 | 7.16% | 10.19% | 0.06x | 11.90x | $-1.01 Million |
| 2011 | 8.54% | 13.03% | 0.06x | 11.49x | $-527.20K |
| 2012 | 6.55% | 11.21% | 0.05x | 11.97x | $-1.26 Million |
| 2013 | 6.72% | 12.31% | 0.05x | 10.01x | $-1.28 Million |
| 2014 | 6.56% | 13.21% | 0.05x | 9.95x | $-1.39 Million |
| 2015 | 7.77% | 16.22% | 0.05x | 9.76x | $-925.60K |
| 2016 | 8.40% | 17.62% | 0.05x | 10.27x | $-684.10K |
| 2017 | 8.08% | 16.80% | 0.05x | 10.46x | $-843.50K |
| 2018 | 8.46% | 17.16% | 0.04x | 11.71x | $-782.30K |
| 2019 | 11.36% | 22.02% | 0.05x | 11.44x | $817.80K |
| 2020 | 11.64% | 23.02% | 0.05x | 10.15x | $1.12 Million |
| 2021 | 13.18% | 31.07% | 0.04x | 10.10x | $2.28 Million |
| 2022 | 14.49% | 27.27% | 0.04x | 12.68x | $2.68 Million |
| 2023 | 14.07% | 21.88% | 0.05x | 12.89x | $2.59 Million |
| 2024 | 11.66% | 16.83% | 0.05x | 12.87x | $1.06 Million |
| 2025 | 10.99% | 16.32% | 0.06x | 12.16x | $701.04K |
Industry Comparison
This section compares United Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Bancorp Inc (UBCP) | $70.51 Million | 11.35% | 11.16x | $74.19 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |