On November 12, 2009, United Bancorp Inc. declared a quarterly cash dividend payment of $0.14 per share for shareholders of record on November 27, 2009, payable on December 18, 2009, to be paid out of the company's capital surplus account which is represented on the company's balance sheets included in the periodic reports filed with the Securities and Exchange Commission as 'Additional paid-in capital'. The declaration of the cash dividend will result in a 3.7% increase in the 2009 cash dividend payment at $0.56 per share compared to $0.54 per share paid in 2008. The company's continued positive earnings performance allows it to increase its annual dividend payment during this time of continued economic uncertainty when many in the financial sector are cutting or eliminating dividend payments.

United Bancorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net interest income of $3,805,820, net income of $757,567 or $0.16 diluted per share on total interest income of $5,815,978 as compared to net interest income of $3,970,929, net income of $896,160 or $0.20 diluted per share on total interest income of $6,318,441 for the same period last year. For the nine months, the company reported net interest income of $11,478,646, net income of $2,230,496 or $0.48 diluted per share on total interest income of $17,589,791 as compared to net interest income of $11,453,283, net income of $2,824,614 or $0.62 diluted per share on total interest income of $19,460,484 for the same period last year. Book value per share was $7.35 as compared to $7.01 for the same period last year. Return on average assets was 0.66% and return on average equity was 8.74% as compared to return on average assets was 0.87% and return on average equity was 11.30% for the same period last year. The company generated an increase of approximately $25,000 in net interest income due to the increase in average earning assets period over period.

United Bancorp Inc. has declared the third quarter dividend payment of $0.14 per share for shareholders of record on September 4, 2009, with a payment date of September 18, 2009, to be paid out of the company's capital surplus account.