United Bancorp, Inc. Reports Record Earnings Reflecting an Increase of 16% for 2003 - 2004-01-26
United Bancorp, Inc., headquartered in Martins Ferry, Ohio posted record earnings of $3,639,391 for 2003 versus $3,220,163 for 2002. For the year basic earnings per share was $1.04 for 2003 compared to $0.90 for 2002, a solid increase of 16%.
With the low interest rate environment in 2003, the Company's secondary market mortgage program generated a gain of $286,832 compared to $179,683 for 2002.
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