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Against the backdrop of geopolitical shocks and a Federal Reserve that has held back on rate cuts, community banks carrying expensive deposit books have felt the squeeze.
(NASDAQ: UBCP) of Martins Ferry, Ohio moved the other way: the company posted second-quarter 2026 net income of $2,095,000, or $0.36 in diluted earnings per share, a 9.4% improvement over the prior-year quarter, according to an 8-K filed July 23, 2026.
Deposit mix and a maturing FHLB advance drive margin expansion For the six months ended June 30, 2026, United Bancorp's net interest income rose $673,000, or 5.2%, while the net interest margin widened 17 basis points to 3.82%.
Two mechanics explain most of that. Total interest expense fell $380,000, or 5.1%, year over year, partly because a $20.0 million Federal Home Loan Bank advance carrying a 4.39% coupon matured in the first quarter.
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