Ohio
|
34-1405357
|
|||
(State or other jurisdiction of incorporation or organization)
|
(IRS)
Employer Identification No.)
|
201
South Fourth Street, Martins Ferry, Ohio
|
43935
|
|||
(Address
of principal executive offices)
|
(ZIP
Code)
|
None
|
N/A
|
||
(Title
of class)
|
(Name
of each exchange on which registered)
|
||
Common
Stock, Par Value $1.00 a share
|
NASDAQ
Capital Market
|
Large
accelerated filer
|
Accelerated
filer
|
Non-accelerated
filer
|
Smaller
reporting company x
|
I
|
Distribution
of Assets, Liabilities and Stockholders’ Equity; Interest Rates and
Interest Differential
|
A
|
The following table sets forth
the carrying amount of securities at December 31, 2009 and
2008.
|
December
31,
|
||||||||
2009
|
2008
|
|||||||
(In
thousands)
|
||||||||
Available
for sale (at fair value)
|
||||||||
U.S.
Govt. and agency obligations
|
$ | 57,204 | $ | 87,386 | ||||
Mortgage-backed
obligations
|
13,031 | 16,290 | ||||||
State
and municipal obligations
|
26,344 | 25,736 | ||||||
Other
securities
|
6 | 4 | ||||||
$ | 96,585 | $ | 129,416 | |||||
Held
to maturity (at cost)
|
||||||||
State
and municipal obligations
|
$ | 14,277 | $ | 15,687 |
|
B
|
Contractual
maturities of securities at year-end 2009 were as
follows:
|
Amortized
Cost
|
Estimated
Fair Value
|
Average Tax
Equivalent Yield
|
||||||||||
Available
for Sale
|
||||||||||||
US
Government agency obligations
|
||||||||||||
Under
1 Year
|
$ | –– | $ | –– | 0.00 | % | ||||||
1 -
5 Years
|
–– | –– | 0.00 | % | ||||||||
5 -
10 Years
|
5,981 | 5,970 | 2.27 | % | ||||||||
Over
10 Years
|
51,683 | 51,234 | 4.95 | % | ||||||||
Total
|
57,664 | 57,204 | 4.67 | % | ||||||||
Mortgage-backed
securities
|
||||||||||||
Under
1 Year
|
–– | –– | 0.00 | % | ||||||||
1 -
5 Years
|
533 | 547 | 4.18 | % | ||||||||
5 -
10 Years
|
11,510 | 12,042 | 4.64 | % | ||||||||
Over
10 Years
|
423 | 442 | 4.92 | % | ||||||||
Total
|
12,466 | 13,031 | 4.63 | % | ||||||||
State
and municipal obligations
|
||||||||||||
Under
1 Year
|
125 | 127 | 7.04 | % | ||||||||
1 -
5 Years
|
2,261 | 2,314 | 5.08 | % | ||||||||
5 -
10 Years
|
8,118 | 8,269 | 5.74 | % | ||||||||
Over
10 Years
|
15,496 | 15,634 | 5.97 | % | ||||||||
Total
|
26,000 | 26,344 | 5.82 | % | ||||||||
Other
securities
|
||||||||||||
Equity
securities
|
4 | 6 | 0.00 | % | ||||||||
Total
securities available for sale
|
$ | 96,134 | $ | 96,585 | 4.98 | % | ||||||
Held
to Maturity
|
||||||||||||
State
and municipal obligations
|
||||||||||||
Under
1 Year
|
$ | 1,209 | $ | 1,236 | 7.60 | % | ||||||
1 -
5 Years
|
3,030 | 3,163 | 6.31 | % | ||||||||
5 -
10 Years
|
5,301 | 5,477 | 6.27 | % | ||||||||
Over
10 Years
|
4,737 | 4,767 | 6.12 | % | ||||||||
Total
securities available for sale
|
$ | 14,277 | $ | 14,643 | 6.10 | % |
|
|
C
|
Excluding
holdings of U.S. Government agency obligations, there were no investments
in securities of any one issuer exceeding 10% of the Company’s
consolidated shareholders’ equity at December 31,
2009.
|
III
|
Loan
Portfolio
|
December 31,
|
||||||||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
(In thousands)
|
||||||||||||||||||||
Commercial
loans
|
$ | 83,073 | $ | 67,830 | $ | 59,785 | $ | 40,512 | $ | 32,675 | ||||||||||
Commercial
real estate loans
|
67,650 | 72,311 | 74,660 | 92,895 | 97,706 | |||||||||||||||
Real
estate loans
|
62,128 | 59,807 | 58,524 | 56,167 | 57,746 | |||||||||||||||
Installment
loans
|
44,875 | 38,270 | 41,675 | 41,943 | 43,884 | |||||||||||||||
Total
loans
|
$ | 257,726 | $ | 238,218 | $ | 234,644 | $ | 231,517 | $ | 232,011 |
One Year or
Less
|
One Through
Five Years
|
After
Five Years
|
Total
|
|||||||||||||
(In thousands)
|
||||||||||||||||
Commercial
loans
|
$ | 41,299 | $ | 17,786 | $ | 23,988 | $ | 83,073 | ||||||||
Commercial
real estate loans
|
198 | 12,874 | 54,578 | 67,650 | ||||||||||||
Total
|
$ | 41,497 | $ | 30,660 | $ | 78,566 | $ | 150,723 |
Fixed Rate
|
Variable Rate
|
Total > One
Year
|
||||||||||
(In thousands)
|
||||||||||||
Commercial
loans
|
$ | 16,464 | $ | 25,310 | $ | 41,774 | ||||||
Commercial
real estate loans
|
8,422 | 59,030 | 67,452 | |||||||||
Total
|
$ | 24,886 | $ | 84,340 | $ | 109,226 |
December 31,
|
||||||||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
(In thousands)
|
||||||||||||||||||||
Nonaccrual
basis (1)
|
$ | 5,426 | $ | 5,398 | $ | 1,822 | $ | 3,396 | $ | 1,144 | ||||||||||
Accruing
loans 90 days or greater past due (4)
|
971 | 1,573 | 2,585 | 55 | 417 | |||||||||||||||
Impaired
loans (2) (3)
|
4,728 | 7,523 | 3,399 | 3,122 | 875 | |||||||||||||||
Impaired
loan with related allowance for unconfirmed losses (5)
|
3,265 | 5,571 | 2,347 | 1,012 | –– | |||||||||||||||
Impaired
loan without related allowance for unconfirmed losses (6)
|
1,463 | 1,952 | 1,052 | 2,110 | 875 |
(1)
|
There
were 4 restructured loans by 1 borrower in 2008 totaling $609,000. For
years 2005 and 2006, all of the Company’s impaired loans were on a
nonaccrual basis. For 2008, the nonaccruing loans includes $4,866,000 of
impaired loans and for 2009, includes $4,159,000 of impaired
loans.
|
(2)
|
Loans
considered impaired under the provisions of ASC 310-10-35-16 and interest
recognized on a cash received basis were not material for 2005 and 2006,
inclusive. Interest recognized on impaired loans was $121,000,
$421,000, and $84,000 for the years ended December 31, 2009, 2008 and
2007, respectively..
|
(3)
|
Additional
information incorporated by reference on page 43 of the Notes to
Consolidated Financial Statements set forth in our 2009 Annual Report,
which is incorporated herein by
reference.
|
(4)
|
Includes
impaired loans totaling $477,000 in 2009 and $1,108,000 in
2008.
|
(5)
|
There
were no loans past due greater than 90 days and still
accruing within this category as of December 31, 2009. Includes $3,173,000
of nonaccrrual loans at December 31, 2009. Includes $214,000 of loans
past due greater than 90 days and still accruing and $4,707,000 of
nonaccrrual loans at December 31,
2008.
|
(6)
|
Includes
$477,000 of accruing loans past due greater than 90 days and $986,000 of
nonaccrual loans at December 31,
2009.
|
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
(In thousands)
|
||||||||||||||||||||
Loans
|
||||||||||||||||||||
Gross
loans outstanding
|
$ | 257,726 | $ | 238,218 | $ | 234,644 | $ | 231,517 | $ | 232,011 | ||||||||||
Average
loans outstanding
|
$ | 243,599 | $ | 235,670 | $ | 228,673 | $ | 234,436 | $ | 224,945 | ||||||||||
Allowance
for Loan Losses
|
||||||||||||||||||||
Balance
at beginning of year
|
$ | 2,770 | $ | 2,447 | $ | 2,345 | $ | 2,904 | $ | 2,995 | ||||||||||
Loan
charge-offs:
|
||||||||||||||||||||
Commercial
|
125 | 92 | 206 | 1,420 | 89 | |||||||||||||||
Commercial
real estate
|
1,038 | 94 | 145 | –– | 185 | |||||||||||||||
Real
estate
|
295 | 320 | 204 | 350 | 146 | |||||||||||||||
Installment
|
472 | 560 | 583 | 370 | 342 | |||||||||||||||
Total
loan charge-offs
|
1,930 | 1,066 | 1,138 | 2,140 | 762 | |||||||||||||||
Loan
recoveries
|
||||||||||||||||||||
Commercial
|
18 | 12 | 9 | 22 | 7 | |||||||||||||||
Commercial
real estate
|
8 | –– | 7 | –– | 37 | |||||||||||||||
Real
estate
|
56 | 23 | 45 | 34 | 13 | |||||||||||||||
Installment
|
143 | 166 | 186 | 148 | 202 | |||||||||||||||
Total
loan recoveries
|
225 | 201 | 247 | 204 | 259 | |||||||||||||||
Net
loan charge-offs
|
1,705 | 865 | 891 | 1,936 | 503 | |||||||||||||||
Provision
for loan losses
|
1,325 | 1,188 | 993 | 1,377 | 412 | |||||||||||||||
Balance
at end of year
|
$ | 2,390 | $ | 2,770 | $ | 2,447 | $ | 2,345 | $ | 2,904 | ||||||||||
Ratio
of net charge-offs to average loans outstanding for the
year
|
0.70 | % | 0.37 | % | 0.39 | % | 0.83 | % | 0.22 | % |
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
(In thousands)
|
||||||||||||||||||||
Net
loan charge-offs
|
||||||||||||||||||||
Commercial
|
$ | 107 | $ | 80 | $ | 197 | $ | 1,398 | $ | 82 | ||||||||||
Commercial
real estate
|
1,030 | 94 | 138 | –– | 148 | |||||||||||||||
Real
estate
|
239 | 297 | 159 | 316 | 133 | |||||||||||||||
Installment
|
329 | 394 | 397 | 222 | 140 | |||||||||||||||
Total
net loan charge-offs
|
$ | 1,705 | $ | 865 | $ | 891 | $ | 1,936 | $ | 503 | ||||||||||
Commercial
Balance
|
$ | 83,073 | $ | 67,830 | $ | 50,785 | $ | 40,512 | $ | 32,675 | ||||||||||
Commercial
Charge-off Percentage
|
0.129 | % | 0.118 | % | 0.330 | % | 3.451 | % | 0.251 | % | ||||||||||
Commercial
Real Estate
|
$ | 67,650 | $ | 72,311 | $ | 74,660 | $ | 92,895 | $ | 97,706 | ||||||||||
Commercial
RE Charge-off Percentage
|
1.523 | % | 0.130 | % | 0.185 | % | 0.000 | % | 0.151 | % | ||||||||||
Real
Estate
|
$ | 62,128 | $ | 59,807 | $ | 58,524 | $ | 56,167 | $ | 57,746 | ||||||||||
Real
Estate Charge-off Percentage
|
0.385 | % | 0.497 | % | 0.272 | % | 0.563 | % | 0.230 | % | ||||||||||
Installment
|
$ | 44,875 | $ | 38,270 | $ | 41,675 | $ | 41,942 | $ | 43,884 | ||||||||||
Installment
Charge-off Percentage
|
0.733 | % | 1.030 | % | 0.953 | % | 0.529 | % | 0.319 | % |
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||||||||||||||||||||||
Allowance
Amount
|
% of Loans
to Total
Loans
|
Allowance
Amount
|
% of Loans
to Total
Loans
|
Allowance
Amount
|
% of Loans
to Total
Loans
|
Allowance
Amount
|
% of Loans
to Total
Loans
|
Allowance
Amount
|
% of Loans
to Total
Loans
|
|||||||||||||||||||||||||||||||
(In
thousands)
|
||||||||||||||||||||||||||||||||||||||||
Loan
type
|
||||||||||||||||||||||||||||||||||||||||
Commercial
|
$ | 1,041 | 32.23 | % | $ | 1,236 | 28.47 | % | $ | 765 | 25.48 | % | $ | 636 | 17.50 | % | $ | 1,092 | 14.09 | % | ||||||||||||||||||||
Commercial
real estate
|
848 | 26.25 | % | 1,141 | 30.35 | % | 974 | 31.82 | % | 777 | 40.12 | % | 502 | 42.11 | % | |||||||||||||||||||||||||
Real
estate
|
100 | 24.11 | % | 153 | 25.11 | % | 117 | 24.94 | % | 138 | 24.26 | % | 310 | 24.89 | % | |||||||||||||||||||||||||
Installment
|
251 | 17.41 | % | 176 | 16.07 | % | 243 | 17.76 | % | 442 | 18.12 | % | 739 | 18.91 | % | |||||||||||||||||||||||||
General
|
150 | N/A | 64 | N/A | 348 | N/A | 352 | N/A | 261 | N/A | ||||||||||||||||||||||||||||||
Total
|
$ | 2,390 | 100.00 | % | $ | 2,770 | 100.00 | % | $ | 2,447 | 100.00 | % | $ | 2,345 | 100.00 | % | $ | 2,904 | 100.00 | % |
Refer
to Management’s Discussion and Analysis and Results of Operations “Average
Balances, Net Interest Income and Yields Earned and Rates Paid” set forth
in our 2009 Annual Report and incorporated herein by
reference.
|
2009
|
||||
(In thousands)
|
||||
Three
months or less
|
$ | 4,129 | ||
Over
three through six months
|
7,945 | |||
Over
six through twelve months
|
21,311 | |||
Over
twelve months
|
18,245 | |||
Total
|
$ | 51,630 |
December 31,
|
||||||||
2009
|
2008
|
|||||||
Dividend
Payout Ratio
|
98.86 | % | 72.01 | % | ||||
Equity
to Assets
|
7.90 | % | 7.67 | % |
2009
|
2008
|
|||||||
(Dollars in thousands)
|
||||||||
Balance
at December 31,
|
$ | 10,012 | $ | 6,759 | ||||
Weighted
average interest rate at December 31
|
0.39 | % | 1.45 | % | ||||
Average
daily balance during the year
|
$ | 10,999 | $ | 9,063 | ||||
Average
interest rate during the year
|
0.39 | % | 1.60 | % | ||||
Maximum
month-end balance during the year
|
$ | 13,329 | $ | 11,981 |
2009
|
2008
|
|||||||
(Dollars in thousands)
|
||||||||
Balance
at December 31,
|
$ | –– | $ | –– | ||||
Weighted
average interest rate at December 31
|
–– | 3.51 | % | |||||
Average
daily balance during the year
|
$ | –– | $ | 20,115 | ||||
Average
interest rate during the year
|
–– | 2.37 | % | |||||
Maximum
month-end balance during the year
|
$ | –– | $ | 42,000 |
Executive
Officers Positions held with Company;
|
||||
Name
|
Age
|
Business
Experience
|
||
James
W. Everson
|
71
|
Chairman,
President and Chief Executive Officer
|
||
Scott
Everson
|
42
|
Senior
Vice President and Chief Operating Officer
|
||
Randall
M. Greenwood
|
46
|
Senior
Vice President, Chief Financial Officer, Secretary
/Treasurer
|
||
Timothy
L. Kelley
|
53
|
Vice
President – Chief Commercial Banking Officer
|
||
Elmer
K. Leeper
|
43
|
Vice
President – Chief Retail Banking Offier
|
||
James
A. Lodes
|
64
|
Vice
President – Chief Lending Officer
|
||
Michael
A. Lloyd
|
41
|
Vice
President – Chief Information Officer
|
||
Matthew
F. Branstetter
|
42
|
Vice
President – Assistant Chief Lending
Officer
|
53
|
Vice President Chief Commercial Banking | |||
43
|
Vice President Chief Retail Banking | |||
Matthew
F. Branstetter
|
42
|
Vice President Assistant Chief Lending Officer |
Location
|
Owned or Leased
|
Location
|
Owned or Leased
|
|||
Bridgeport,
Ohio
|
Owned
|
Sherrodsville,
Ohio
|
Owned
|
|||
Colerain,
Ohio
|
Owned
|
Glouster,
Ohio
|
Owned
|
|||
Jewett,
Ohio
|
Owned
|
Glouster,
Ohio
|
Owned
|
|||
St.
Clairsville, Ohio
|
Leased
|
Amesville,
Ohio
|
Owned
|
|||
Dover,
Ohio
|
Owned
|
Nelsonville,
Ohio
|
Owned
|
|||
Dellroy,
Ohio
|
Owned
|
Lancaster,
Ohio
|
Owned
|
|||
New
Philadelphia, Ohio
|
Owned
|
Lancaster,
Ohio
|
Owned
|
|||
Strasburg,
Ohio
|
Owned
|
Lancaster,
Ohio
|
Owned
|
|||
Tiltonsville,
Ohio
|
Leased
|
|||||
Dillonvale,
Ohio
|
Leased
|
|||||
St.
Clairsville, Ohio
|
Owned
|
Item
3
|
Legal
Proceedings
|
Item
4
|
Market
for Registrant’s Common Equity, Related Shareholder Matters and Issuer
Purchases of Equity Securities
|
Period
|
(a)
Total Number of
Shares (or Units)
Purchased
|
(b)
Average Price Paid
per Share (or Unit)
|
(c)
Total Number of
Shares (or Units)
Purchased as Part
of Publicly
Announced Plans
or Programs
|
(d)
Maximum Number (or
Approximate Dollar
Value) of Shares (or
Units) that May Yet Be
Purchased Under the
Plans or Programs
|
||||||||||||
Month
#l
10/1/2009
to
10/31/2009
|
–– | –– | –– | $ | 1,735,810 | |||||||||||
Month
#2
11/1/2009
to
11/30/2009
|
–– | –– | –– | $ | 1,735,810 | |||||||||||
Month
#3
12/1/2009
to
12/31/2009
|
–– | –– | –– | $ | 1,735,810 | |||||||||||
Total
|
–– | –– | –– | $ | 1,735,810 |
Item
5
|
Selected
Consolidated Financial Data
|
Item
6
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
Item
8B
|
Other
Information
|
Equity Compensation Plan Information
|
||||||||||||
Number of securities to be
issued upon exercise of
outstanding options, warrants
and rights
|
Weighted-average exercise
price of outstanding options,
warrants and rights
|
Number of securities remaining
available for future issuance
under equity compensation
plans (excluding securities
reflected in column (a))
|
||||||||||
Equity
compensation plans approved by
security
holders
|
53,714 | $ | 10.69 | 320,000 | ||||||||
Equity
compensation plans not approved
by
security holders
|
||||||||||||
Total
|
53,714 | $ | 10.69 | 320,000 |
Item
13
|
Principal
Accountant Fees and Services
|
(a)
|
The
following Consolidated Financial Statements and related Notes to
Consolidated Financial Statements, together with the report of the
Independent Registered Public Accounting Firm, appear on pages 26 through
74 of the United Bancorp, Inc. 2009 Annual Report and are incorporated
herein by reference.
|
Exhibit Number
|
Exhibit Description
|
|
2
|
Purchase
and Assumption Agreement dated September 18, 2008 (7)
|
|
3.1
|
Amended
Articles of Incorporation (1)
|
|
3.2
|
Amended
and Restated Code of Regulations (2)
|
|
4.0
|
Instruments
Defining the Rights of Security Holders (See Exhibits 3.1 and
3.2)
|
|
10.1
|
James
W. Everson Change in Control Agreement (3)
|
|
10.2
|
Randall
M. Greenwood Change in Control agreement (3)
|
|
10.3
|
Scott
A. Everson Change in Control Agreement (3)
|
|
10.5
|
James
A. Lodes Change in Control Agreement (3)
|
|
10.6
|
Michael
A. Lloyd Change in Control Agreement (3)
|
|
10.7
|
United
Bancorp, Inc. Stock Option Plan (4)
|
|
10.8
|
United
Bancorp, Inc. and Subsidiaries Director Supplemental Life Insurance Plan,
covering Messrs. Hoopingarner, McGehee, Riesbeck and Thomas.
(5)
|
|
10.9
|
United
Bancorp, Inc. and Subsidiaries Senior Executive Supplemental Life
Insurance Plan, covering James W. Everson, Scott A. Everson, Randall M.
Greenwood, Michael A. Lloyd and James A. Lodes. (5)
|
|
10.10
|
United
Bancorp, Inc. and United Bancorp, Inc. Affiliate Banks Directors Deferred
Compensation Plan. (5)
|
|
10.11
|
Amended
and Restated Trust Agreement among United Bancorp, Inc. as Depository,
Wilmington Trust Company, as Property Trustee, Wilmington Trust Company,
as Delaware Trustee, and Administrative Trustees, dated as of November 17,
2005. (6)
|
|
10.12
|
Junior
Subordinated Indenture between United Bancorp, Inc. and Wilmington Trust
Company, as Trustee, dated as of November 17, 2005. (6)
|
|
10.13
|
Guaranty
Agreement between United Bancorp, Inc., as Guarantor, and Wilmington Trust
Company, as Guarantee Trustee, dated as of November 17, 2005.
(6)
|
|
10.14
|
United
Bancorp, Inc. 2008 Stock Incentive Plan (8)
|
|
13
|
2009
Annual Report
|
|
21
|
Subsidiaries
of the Registrant (5)
|
|
23.1
|
Consent
of BKD, LLP
|
|
31.1
|
Rule
13a-14(a) Certification – CEO
|
|
31.2
|
Rule
13a-14(a) Certification – CFO
|
|
32.1
|
Section
1350 Certification – CEO
|
|
32.2
|
Section
1350 Certification –
CFO
|
(1)
|
Incorporated
by reference to Appendix B to the registrant’s Definitive Proxy Statement
filed with the Securities and Exchange Commission on March 14,
2001.
|
(2)
|
Incorporated
by reference to Exhibit 3.2 to the registrant’s 10-Q filed with the
Securities and Exchange Commission on August 13,
2009.
|
(3)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchange Commission on March 27,
2003.
|
(4)
|
Incorporated
by reference to Exhibit A to the registrant’s Definitive Proxy Statement
filed with the Securities and Exchange Commission on March 11,
1996.
|
(5)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchange Commission on March 29,
2004.
|
(6)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchanges Commission on March 30,
2006.
|
(7)
|
Incorporated
by reference to the registrant’s 8-K filed with the Securities and
Exchange Commission on September 24,
2008.
|
(8)
|
Incorporated
by reference to the registrant’s 8-K filed with the Securities and
Exchange Commission on April 22,
2008.
|
By:
|
/s/James W. Everson
|
March
23, 2010
|
|
James
W. Everson, Chairman, President & CEO
|
By:
|
/s/James W. Everson
|
March
23, 2010
|
|
James
W. Everson, Chairman, President & CEO
|
By:
|
/s/Scott A. Everson
|
March
23, 2010
|
|
Scott
A. Everson, Senior Vice President & Chief Operating
Officer
|
|||
By:
|
/s/Randall M. Greenwood
|
March
23, 2010
|
|
Randall
M. Greenwood, Senior Vice President & CFO
|
|||
By:
|
/s/Terry A. McGhee
|
March
23, 2010
|
|
Terry
A. McGhee, Director
|
|||
By:
|
/s/John M. Hoopingarner
|
March
23, 2010
|
|
John
M. Hoopingarner, Director
|
|||
By:
|
/s/Richard L. Riesbeck
|
March
23, 2010
|
|
Richard
L. Riesbeck, Director
|
|||
By:
|
/s/Samual J. Jones
|
March
23, 2010
|
|
Samual
J. Jones , Director
|
|||
By:
|
/s/Matthew C. Thomas
|
March
23, 2010
|
|
Matthew
C. Thomas, Director
|
Exhibit Number
|
Exhibit Description
|
|
2
|
Purchase
and Assumption Agreement dated September 18, 2008 (7)
|
|
3.1
|
Amended
Articles of Incorporation (1)
|
|
3.2
|
Amended
and Restated Code of Regulations (2)
|
|
4.0
|
Instruments
Defining the Rights of Security Holders (See Exhibits 3.1 and
3.2)
|
|
10.1
|
James
W. Everson Change in Control Agreement (3)
|
|
10.2
|
Randall
M. Greenwood Change in Control agreement (3)
|
|
10.3
|
Scott
A. Everson Change in Control Agreement (3)
|
|
10.5
|
James
A. Lodes Change in Control Agreement (3)
|
|
10.6
|
Michael
A. Lloyd Change in Control Agreement (3)
|
|
10.7
|
United
Bancorp, Inc. Stock Option Plan (4)
|
|
10.8
|
United
Bancorp, Inc. and Subsidiaries Director Supplemental Life Insurance Plan,
covering Messrs. Hoopingarner, McGehee, Riesbeck and Thomas.
(5)
|
|
10.9
|
United
Bancorp, Inc. and Subsidiaries Senior Executive Supplemental Life
Insurance Plan, covering James W. Everson, Scott A. Everson, Randall M.
Greenwood, Michael A. Lloyd and James A. Lodes. (5)
|
|
10.10
|
United
Bancorp, Inc. and United Bancorp, Inc. Affiliate Banks Directors Deferred
Compensation Plan. (5)
|
|
10.11
|
Amended
and Restated Trust Agreement among United Bancorp, Inc. as Depository,
Wilmington Trust Company, as Property Trustee, Wilmington Trust Company,
as Delaware Trustee, and Administrative Trustees, dated as of November 17,
2005. (6)
|
|
10.12
|
Junior
Subordinated Indenture between United Bancorp, Inc. and Wilmington Trust
Company, as Trustee, dated as of November 17, 2005. (6)
|
|
10.13
|
Guaranty
Agreement between United Bancorp, Inc., as Guarantor, and Wilmington Trust
Company, as Guarantee Trustee, dated as of November 17, 2005.
(6)
|
|
10.14
|
United
Bancorp, Inc. 2008 Stock Incentive Plan (8)
|
|
13
|
2008
Annual Report
|
|
21
|
Subsidiaries
of the Registrant (5)
|
|
23.1
|
Consent
of BKD, LLP
|
|
31.1
|
Rule
13a-14(a) Certification – CEO
|
|
31.2
|
Rule
13a-14(a) Certification – CFO
|
|
32.1
|
Section
1350 Certification – CEO
|
|
32.2
|
Section
1350 Certification – CFO
|
(1)
|
Incorporated
by reference to Appendix B to the registrant’s Definitive Proxy Statement
filed with the Securities and Exchange Commission on March 14,
2001.
|
(2)
|
Incorporated
by reference to Exhibit 3.2 to the registrant’s 10-Q filed with the
Securities and Exchange Commission on August 13,
2009.
|
(3)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchange Commission on March 27,
2003.
|
(4)
|
Incorporated
by reference to Exhibit A to the registrant’s Definitive Proxy Statement
filed with the Securities and Exchange Commission on March 11,
1996.
|
(5)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchange Commission
on March 29,
2004.
|
(6)
|
Incorporated
by reference to the registrant’s 10-K filed with the Securities and
Exchanges Commission on March 30,
2006.
|
(7)
|
Incorporated
by reference to the registrant’s 8-K filed with the Securities and
Exchange Commission on September 24,
2008.
|
(8)
|
Incorporated
by reference to the registrant’s 8-K filed with the Securities and
Exchange Commission on April 22,
2008.
|