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UBOH on OTC

UNITED BANCSHARES INC/OH

American national commercial bank that raised $30 million in 2026 (SEC Form D)1

In its 2023 annual report the company says: “We are a financial holding company under the Bank Holding Company Act of 1956, as amended, with consolidated total assets of $1.1 billion at December 31, 2022.”51 It is headquartered in Columbus Grove, Ohio.1 Its shares trade on OTC under the symbol UBOH.1

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Last updated Oct 21, 2026.

Overview

Compare with United Security Bancshares, CONSUMERS BANCORP INC /OH/ or SOUTHERN FIRST BANCSHARES INC, or pick any stock.

  • TickerUBOH on OTC1
  • IndustryNational Commercial Banks1
  • HeadquartersColumbus Grove, Ohio1
  • Incorporated inOH2
  • Business address105 Progressive Drive, Columbus Grove, Oh 458302
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

918.0%Net margin3
13.0%Revenue growth, 20223
13.7%Return on equity3
$13.2MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Interest21¢$3.3M
  • Income tax8¢$1.2M
  • Profit72¢$11.3M

Out of $1.2M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending21¢$3.6M
  • Dividends paid16¢$2.7M
  • Share buybacks17¢$2.9M
  • Kept or used elsewhere45¢$7.6M

Out of $16.8M of cash from operations.3

Financial statements

Revenue45673$1.2M in 2022−23% since 2016
0$500.0K$1.0M$1.5M$2.0M2016: $1.6M$1.6M20162017: $1.6M$1.6M2017+2%2018: $1.6M$1.6M2018−2%2019: $1.5M$1.5M2019−8%2020: $1.1M$1.1M2020−26%2021: $1.1M$1.1M2021−1%2022: $1.2M$1.2M2022+13%
Net income45673$11.3M in 2022+105% since 2016
0$5.0M$10.0M$15.0M2016: $5.5M$5.5M20162017: $3.8M$3.8M2017−30%2018: $8.2M$8.2M2018+114%2019: $10.7M$10.7M2019+30%2020: $13.8M$13.8M2020+29%2021: $13.6M$13.6M2021−1%2022: $11.3M$11.3M2022−17%
Fiscal year2016201720182019202020212022
Revenue$1.6M4$1.6M5$1.6M6$1.5M7$1.1M3$1.1M3$1.2M3
Interest$2.2M4$3.1M5$6.2M6$8.9M7$7.0M3$3.1M3$3.3M3
Income before tax$16.1M3$12.5M3
Income tax$1.7M4$2.9M5$1.5M6$1.6M7$2.9M3$2.5M3$1.2M3
Net income$5.5M4$3.8M5$8.2M6$10.7M7$13.8M3$13.6M3$11.3M3
Earnings per share$1.684$1.185$2.516$3,260.007$4.213$4.143$3.473
Earnings per share (diluted)$1.684$1.185$2.516$3,250.007$4.163$4.073$3.463
Shares (weighted, basic)3.3M shares33.3M shares3
Shares (weighted, diluted)3.3M shares33.3M shares3

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Corporate structure

UNITED BANCSHARES INC/OH sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UNITED BANCSHARES INC/OH

  • UNITED BANCSHARES INC/OH Columbus Grove, Ohio

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UNITED BANCSHARES INC/OH reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$35.4M3 Dec 31, 2022$32.1M3 Dec 31, 2021+10.1%
Accumulated depreciation$11.2M3 Dec 31, 2022$10.3M3 Dec 31, 2021+9.2%
Property and equipment, net$24.1M3 Dec 31, 2022$21.8M3 Dec 31, 2021+10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$30.7M3 Dec 31, 2022$75.2M3 Dec 31, 2021−59.2%
Debt securities available for sale$281.3M3 Dec 31, 2022$307.6M3 Dec 31, 2021−8.6%
Loans, net of allowance$674.2M3 Dec 31, 2022$599.2M3 Dec 31, 2021+12.5%
Deposits held (banks)$953.9M3 Dec 31, 2022$930.4M3 Dec 31, 2021+2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$28.6M3 Dec 31, 2022$28.6M3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$359.0K3 Dec 31, 2022$499.0K3 Dec 31, 2021−28.1%

Leadership

Who has led UNITED BANCSHARES INC/OH, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Daniel Walter Schutt2006–2012
  2. Brian D. Young2012–2022

President

  1. Daniel Walter Schutt2006–2012
  2. Brian D. Young2012–2022

Chief financial officer

  1. Brian D. Young2006–2012
  2. Diana L. Engelhardt2012–2015
  3. Anthony M. Eramo V.2015–2016
  4. Daniel J. Lucke2016–2019
  5. Stacy A. Cox2019–2021
  6. Klint D. Manz2022
2010201520202025
Board members and other officers (19)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • SecretaryJane D. Wood named May 13, 202637
  • DirectorKevin H. Lammon named May 13, 202637

Timeline

  1. Jan 19, 20238-K Results of operations; Regulation FD disclosure38
  2. Oct 20, 20228-K Results of operations; Regulation FD disclosure39
  3. Jul 25, 20228-K Other events40
  4. Jul 25, 20228-K Listing notice or transfer41
  5. Jul 21, 20228-K Results of operations; Regulation FD disclosure42
  6. Jul 20, 20228-K Executive or director change43
  7. Apr 29, 20228-K Shareholder vote44
  8. Apr 21, 20228-K Results of operations; Regulation FD disclosure45
  9. Jan 20, 20228-K Results of operations; Regulation FD disclosure46
  10. Nov 18, 20218-K Other events47
  11. Oct 21, 20218-K Results of operations; Regulation FD disclosure48
  12. Nov 16, 2012New chief executive Brian D. Young becomes CEO13
  13. Jan 4, 2006New chief executive Daniel Walter Schutt becomes CEO14

Calendar

When it reported results

  1. Jan 19, 2023Reported quarterly or annual results38
  2. Oct 20, 2022Reported quarterly or annual results39
  3. Jul 21, 2022Reported quarterly or annual results42
  4. Apr 21, 2022Reported quarterly or annual results45
  5. Jan 20, 2022Reported quarterly or annual results46
  6. Oct 21, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

71 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 11 major events, 43 insider forms, 2 large holders, 1 private raises, 8 other. The latest 20:

  1. May 13, 2026D EDGAR
  2. Mar 23, 202315-12G EDGAR
  3. Mar 13, 202310-K EDGAR
  4. Jan 19, 20238-K EDGAR
  5. Nov 29, 2022S-8 POS EDGAR
  6. Nov 29, 2022S-8 POS EDGAR
  7. Nov 29, 2022S-8 POS EDGAR
  8. Nov 14, 20224 EDGAR
  9. Nov 14, 20224 EDGAR
  10. Nov 14, 20224 EDGAR
  11. Nov 9, 20224 EDGAR
  12. Nov 8, 202210-Q EDGAR
  13. Oct 20, 20228-K EDGAR
  14. Sep 1, 20224 EDGAR
  15. Sep 1, 202215-12G EDGAR
  16. Aug 18, 20224 EDGAR
  17. Aug 18, 20224 EDGAR
  18. Aug 18, 20224 EDGAR
  19. Aug 18, 20224 EDGAR
  20. Aug 18, 20224 EDGAR

The 71 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 2 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 7, 2022RIGEL H EDWARDDirectorBuy2,000$19.86$39.7KForm 4
Aug 29, 2022YOUNG BRIAN DPresident/CEOBuy25$19.99$500Form 4
Jul 22, 2022Schnipke Norman VSr Compliance OfficerSale388$22.13$8.6KForm 4
Dec 20, 2021Schnipke Norman VSr Compliance OfficerSale454$31.21$14.2KForm 4
Dec 3, 2021Oatman Heather MarieSecretarySale1,411$31.08$43.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 28, 2026Raised $30 million in a private offering of debt Form D: 37 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Pinnacle Holdings, LLC22,244$835.3K0.3%−58

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How UNITED BANCSHARES INC/OH is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNITED BANCSHARES INC/OH1
  • CIK0001087456
  • Employer ID (EIN)34-15165181
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inOhio1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address105 Progressive Drive, Columbus Grove, OH 458301
  • Phone419-659-21411
  • Shares outstanding3,136,180 as of Feb 28, 20233
  • Public float$77.9M as of Jun 30, 20223
  • On EDGAR sinceSep 2, 19991
  • Filings772 in all: 4 (311), 8-K (170), 10-Q (69), 5 (47), 10-K (23), DEF 14A (22), SC 13G (22), 11-K (21)1
    All 32 form types

    3 (16), SC 13G/A (13), DEFA14A (11), PRE 14A (7), 3/A (4), 8-K/A (4), 10-K/A (3), PRER14A (3), S-8 (3), S-8 POS (3), UPLOAD (3), 15-12G (2), 424B3 (2), CORRESP (2), S-4 (2), 10-K405 (1), 25 (1), 425 (1), 8-A12G (1), D (1), NT 11-K (1), PREM14A (1), S-4/A (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2023
    Quarterly report (10-Q) Nov 8, 2022
    Proxy statement (DEF 14A) Mar 14, 2022
    Latest 8-K (8-K) Jan 19, 2023

Sources

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