Revenue during the quarter grew 8.62 percent to $4.67 million from $4.30 million in the previous year period. Net interest income for the quarter rose 7.96 percent over the prior year period to $3.80 million. Non-interest income for the quarter fell 8.76 percent over the last year period to $0.86 million.

United Bancorp has made negative provision of $0.01 million for loan losses during the quarter, compared with a positive provision of $0.17 million in the same period last year.

Scott A. Everson, president and chief executive officer stated, "We are extremely pleased with the double-digit earnings growth results that our Company experienced on a year-over-year basis as of December 31, 2016. This past year, we saw the positive results of the efforts expended in recent years within our Company to gain efficiencies through process improvement, while building and leveraging our loan origination platforms to generate higher levels of revenue. We are pleased with the results that we are seeing and will continue looking for additional opportunities that will help our organization become more operationally efficient, generate higher levels of revenue and produce higher levels of quality earnings. As we previously announced, our Company has embarked upon a new period, whereby our exclusive focus is to grow our assets in a profitable fashion that will produce consistent and increasing earnings. This vision, which is called Mission 2020, sets the course for our Company to grow its assets to a level of $1.0 billion, or greater, by the end of 2020.

Equity to assets ratio was 9.73 percent for the quarter, down from 10.24 percent for the previous year quarter. Book value per share was $8.63 for the quarter, up 0.82 percent or $0.07 compared to $8.56 for the same period last year.