775345--2/27/2009--UNITED_BANCORP_INC

related topics

{stock, price, share}

{condition, economic, financial}

{acquisition, growth, future}

{competitive, industry, competition}

{loss, insurance, financial}

{loan, real, estate}

{tax, income, asset}

{capital, credit, financial}

{product, market, service}

{control, financial, internal}

{regulation, change, law}

{personnel, key, retain}

{debt, indebtedness, cash}

{stock, price, operating}

Difficult market conditions have adversely affected the financial services industry. If the Company's allowance for possible loan losses is not sufficient to cover actual loan losses, the Company's earnings could decrease. The Company could be adversely affected by the soundness of other financial institutions, including defaults by larger financial institutions. The Company is subject to lending risk, which could materially adversely affect the Company's results of operations and financial condition. The Company is subject to risks related to the prepayments of loans, which may negatively impact the Company's business. The Company is subject to interest rate risk, which may negatively affect the Company's earnings and the value of its assets. The Company is subject to liquidity risk in its operations, which could adversely affect its ability to fund various obligations. The total impact on the Company of the Emergency Economic Stabilization Act of 2008 and its implementing regulations cannot be predicted at this time. Loss of the Company's Chief Executive Officer or other executive officers could adversely affect its business. If the Company cannot raise additional capital when needed, its ability to further expand its operations through organic growth and acquisitions could be materially impaired. The economic conditions in the State of Michigan could have a material adverse effect on the Company's results of operations and financial condition. The Company may be required to pay additional insurance premiums to the FDIC, which could negatively impact earnings. The Company's past operating results may not be indicative of its future operating results. The Company operates in a highly competitive industry and market area, which may adversely affect the Company's profitability. The Company is subject to extensive government regulation and supervision that could limit or restrict its activities and adversely affect its profitability. If the Company is required to write down goodwill, its financial condition and results of operations would be negatively affected. Environmental liability associated with commercial lending could result in losses. The Company may face risks related to future expansion and acquisitions or mergers, which include substantial acquisition costs, an inability to effectively integrate an acquired business into the Company's operations, lower than anticipated profit levels and economic dilution to shareholders. The Company may not be able to effectively adapt to technological change, which could adversely affect its profitability. The Company's controls and procedures may fail or be circumvented, which could have a material adverse effect on its business, results of operations and financial condition. The Company's participation in U.S. Treasury's TARP Capital Purchase Program restricts the Company's ability to pay dividends to common shareholders, restricts the Company's ability to repurchase shares of common stock, and could have other negative effects. The Company's ability to pay dividends is limited and it may be unable to pay future dividends. The market price of the Company's common stock can be volatile, which may make it more difficult to resell Company common stock at a desired time and price. The Company may issue additional shares of its common stock in the future, which could dilute a shareholder's ownership of common stock. The Company may issue debt and equity securities that are senior to Company common stock as to distributions and in liquidation, which could negatively affect the value of Company common stock.

Full 10-K form ▸

775345--2/27/2009--UNITED_BANCORP_INC_/MI/