Looking at the filing, I can see this is a Form 10-Q for United Bancorp, Inc. for the quarterly period ended September 30, 2026. The filing is substantive and contains financial statements. Let me extract the key facts carefully. The ticker on the cover page shows "UBCP" listed on "NASDAQ Capital Market" - I'll format this as NASDAQ:UBCP. The filing content is cut off partway through the comprehensive income statement, but there is sufficient substantive content to proceed.

United Bancorp, Inc. (NASDAQ:UBCP) filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting third-quarter net income of $1.401 million and a significantly elevated provision for credit loss expense of $2.421 million for the quarter.

Key Highlights

  • Net income declined quarter-over-quarter: Net income for the three months ended September 30, 2026 was $1.401 million, compared to $1.931 million for the same period in 2025, according to the filing.
  • Provision for credit losses surged: The provision for credit loss expense on loans reached $2.421 million for Q3 2026, versus $186 thousand in Q3 2025, as reported in the condensed consolidated statements of income.
  • Nine-month net income: For the nine months ended September 30, 2026, net income was $5.407 million, compared to $5.717 million for the same period in 2025.
  • Total assets grew: Total assets stood at $899.336 million as of September 30, 2026, up from $857.445 million at December 31, 2025, per the balance sheet.
  • Basic and diluted EPS: Basic and diluted earnings per share were each $0.25 for Q3 2026, down from $0.34 in Q3 2025; nine-month EPS was $0.94 versus $0.99 a year earlier.
  • Dividends per share declared: Dividends per share were $0.1975 for Q3 2026, compared to $0.1875 in Q3 2025; nine-month dividends totaled $0.760 per share versus $0.730.
  • Shares outstanding: As of November 9, 2026, 5,713,763 shares of common stock were issued and outstanding.

United Bancorp Q3 2026 Financial Results: Credit Loss Provision Weighs on Earnings

According to the filing, United Bancorp reported net interest income of $6.998 million for the three months ended September 30, 2026, an increase from $6.729 million in the year-ago quarter. Total interest and dividend income was $10.678 million for Q3 2026 versus $10.635 million in Q3 2025, while total interest expense declined to $3.680 million from $3.906 million over the same comparison period. For the nine months ended September 30, 2026, net interest income totaled $20.513 million, up from $19.571 million in the prior-year nine-month period.

The filing disclosed that the provision for credit loss expense on loans for Q3 2026 was $2.421 million, sharply higher than the $186 thousand recorded in Q3 2025. For the nine months ended September 30, 2026, the cumulative provision was $2.577 million versus $488 thousand in the comparable 2025 period. Net interest income after the provision for credit losses fell to $4.577 million in Q3 2026 from $6.543 million in Q3 2025 as a result. Noninterest income rose to $2.303 million in Q3 2026 from $1.348 million in Q3 2025, with the filing noting realized gains on the sale of available-for-sale securities of $560 thousand and earnings on bank-owned life insurance of $421 thousand in the quarter.

On the balance sheet, the filing reported total deposits of $722.458 million at September 30, 2026, up from $641.366 million at December 31, 2025. Net loans were $500.122 million as of September 30, 2026, compared to $487.298 million at year-end 2025. Total stockholders' equity was $52.142 million at September 30, 2026, down from $70.515 million at December 31, 2025, with accumulated other comprehensive loss of $23.845 million contributing to the reduction. The allowance for credit losses on loans stood at $3.763 million at September 30, 2026, versus $4.261 million at December 31, 2025.

What Was Disclosed

United Bancorp filed its quarterly report covering the period ended September 30, 2026, disclosing Q3 net income of $1.401 million, a provision for credit loss expense of $2.421 million, total assets of $899.336 million, and total deposits of $722.458 million, with 5,713,763 shares outstanding as of November 9, 2026.