United Bancorp Inc. announced earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported total interest income of $4,065,249 compared to $4,010,567 a year ago. Net interest income was $3,522,848 compared to $3,406,057 a year ago. Net income was $866,132 or $0.17 per basic and diluted share compared to $732,839 or $0.15 per basic and diluted share a year ago, an increase of 21%. The increase in the company's earnings is reflective of the growth in loan-related earning assets for the company, especially over the second half of 2015.

For the year, the company reported total interest income of $16,082,746 compared to $16,377,445 a year ago. Net interest income was $13,799,278 compared to $13,910,933 a year ago. Net income was $3,224,329 or $0.64 per diluted share compared to $2,651,295 or $0.53 per diluted share a year ago. Return on average assets was 0.79% compared to 0.66% a year ago. Return on average equity was 7.73% compared to 6.67% a year ago.