-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U+SmOcc2RTOceUmGktbCrtIFXFCgUaHjyGHswopd0kPgcq3OMsN0hysk0aV5XAZP O88OSm4OpZfneW5/FxCTTg== 0000950124-04-001692.txt : 20040420 0000950124-04-001692.hdr.sgml : 20040420 20040420104058 ACCESSION NUMBER: 0000950124-04-001692 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040420 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANCORP INC /MI/ CENTRAL INDEX KEY: 0000775345 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 382606280 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16640 FILM NUMBER: 04741988 BUSINESS ADDRESS: STREET 1: 205 E CHICAGO BLVD STREET 2: PO BOX 248 CITY: TECUMSEH STATE: MI ZIP: 49286 BUSINESS PHONE: 5174238373 MAIL ADDRESS: STREET 1: 205 E CHICAGO BLVD STREET 2: P O BOX 248 CITY: TECUMSEH STATE: MI ZIP: 49286 8-K 1 k84648e8vk.txt CURRENT REPORT, DATED APRIL 20, 2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 April 20, 2004 -------------- (Date of Report (Date of Earliest Event Reported)) UNITED BANCORP, INC. ------------------- (Exact name of registrant as specified in its charter) MICHIGAN 0-16640 38-2606280 -------- ------- ---------- (State or other jurisdiction Commission (I.R.S. Employer of incorporation or organization) File Number Identification No.) 205 E. CHICAGO BOULEVARD, TECUMSEH, MI 49286 -------------------------------------------- (Address of principal executive offices) (517) 423-8373 -------------- (Registrant's telephone number including area code) N/A -- (Former name, former address and former fiscal year, if changed since last report) 1 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS 99.1 Press Release dated April 20, 2004 ITEM 9. REGULATION FD DISCLOSURE AND ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On April 20, 2004, registrant announced results of operations for the quarter ended March 31, 2004, as set forth in the press release included as Exhibit 99.1, which is incorporated herein by reference. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. United Bancorp, Inc. (Registrant) By: Date: April 20, 2004 /S/ Dale L. Chadderdon --------------------------------------- (Principal Financial Officer) Senior Vice President, Secretary and Treasurer 3 EXHIBIT INDEX Exhibit No. Description - ----------- ------------ 99.1 Press Release dated April 20, 2004 EX-99.1 3 k84648exv99w1.txt PRESS RELEASE DATED APRIL 20, 2004 EXHIBIT 99.1 P R E S S R E L E A S E FOR IMMEDIATE RELEASE: CONTACT: David S. Hickman April 20, 2004 United Bancorp, Inc. 517-423-1700 UNITED BANCORP, INC. TECUMSEH, Mich. -- United Bancorp, Inc. reports a strong first quarter of 2004. Net income reached $1,715,815, which is the company's second best first quarter ever, and is 3.7% below the first quarter of 2003, which was the previous record. United's steady growth continued, as assets under management reached $1.637 billion, an increase of $236.2 million, or 16.9% in the trailing 12 months. United achieved steady growth during the quarter, as its loan portfolio increased by $10.6 million, deposits rose by $11.7 million, and assets under management in the Trust & Investment Group grew by $29.8 million. The residential real estate mortgage refinance boom ended late in the third quarter of 2003, and as a result, mortgage production fell considerably in the fourth quarter of 2003 and that decline continued in the first quarter of this year. United's income from loan sales and servicing in the current quarter was $587,000 less than the prior year. However, its fee income from the Trust & Investment Group improved by $248,000, or 30.1%, from the first quarter of a year ago. This strong performance, plus increases in other fee income categories, offset a substantial portion of the decline in loan sales and servicing income. United Bancorp, Inc. is a financial holding company that is the parent company for United Bank & Trust and United Bank & Trust -- Washtenaw. The subsidiary banks operate 17 banking offices in Lenawee, Washtenaw and Monroe Counties. ### -----END PRIVACY-ENHANCED MESSAGE-----