Profile: United Bancshares Inc (UBOH.OQ)
United Bancshares, Inc., incorporated on August 7, 1985, is a bank holding company of The Union Bank Company (the Bank). The Bank is a state-chartered bank. Through the Bank, the Company provides a range of commercial and retail banking services. The Bank offers a range of banking services, including checking accounts, savings and money market accounts; certificates of deposit; online banking and automatic teller machines; commercial, consumer, agricultural, residential mortgage and home equity loans; wealth management services; treasury management services; safe deposit box rentals, and other personalized banking services. Through its over 10 branch offices located in Bowling Green, Columbus Grove, Delaware, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lima, Marion, Ottawa, and Pemberville, Ohio, the Company serves the Ohio counties of Allen, Delaware, Hancock, Marion, Putnam, Sandusky, Van Wert and Wood. The Bank has approximately two subsidiaries, including UBC Investments, Inc. (UBC), an entity formed to hold its securities portfolio, and UBC Property, Inc. (UBC Property), an entity formed to hold and manage certain property that is acquired in lieu of foreclosure.
The Bank's loan portfolio consists of commercial and agricultural, real estate mortgage and consumer loans. The Bank's total loan portfolio is approximately $354.6 million.
The Bank's securities available-for-sale include the United States Government agency securities, obligations of states and political subdivisions, mortgage-backed securities and other securities. The Bank's total investment securities are approximately $182.93 million.
Sources of Funds
The Bank's deposits are primary funding source for use in lending and other investment activities. The average amount of total deposits is approximately $531.36 million.
United Bancshares Inc
100 S High St
COLUMBUS GROVE OH 45830-1241