United Bancorp Inc. reported earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net income of $799,623 or $0.16 basic and diluted per share compared to net income of $453,033 or $0.09 basic and diluted per share for the same period a year ago. Net interest income was $3,798,900 against $3,841,805 for the same period a year ago. Net interest income after provision for loan losses was $3,374,573 against $3,076,385 for the same period a year ago. Total interest income was $4,889,360 against $5,220,898 for the same period a year ago. For the year, the company reported net income of $3,090,924 or $0.62 basic and diluted per share compared to net income of $2,547,367 or $0.52 basic and diluted per share for the same period a year ago. Net interest income was $15,504,093 against $15,187,348 for the same period a year ago. Net interest income after provision for loan losses was $13,536,072 against $13,371,336 for the same period a year ago. Total interest income was $20,211,170 against $21,667,356 for the same period a year ago. The company's net income in 2011 generated an annualized 0.73% return on average assets (ROA) and an 8.53% return on average equity (ROE), compared to 0.57% ROA and 7.05% ROE for 2010. Comparing the year ended December 31, 2011 to 2010, the Company's net interest margin was 4.18% compared to 4.02%, an increase of 16 basis points. This increase in the margin resulted in a $317,000 increase in net interest income for the year ended December 31, 2011 as compared to 2010.