United Bancorp Inc. in Martins Ferry, Ohio, reported another profitable quarter despite higher credit costs.

The $431.1 million-asset company posted a gain of $738,000 in the first quarter, compared with $683,000 a year earlier.

The loan-loss provision increased 80% from a year earlier, to $647,576 million. Nonperforming assets to total assets fell 10 basis points from a year earlier, to 1.55%.

The company offset the expense with $370,145 in securities gains and noninterest income that rose 37% from a year earlier, to $1.1 million.

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