UNITED BANCSHARES INC/OH Management's Discussion and Analysis of Financial Condition and Results
of Operations (form 10-K)
March 13, 2023 at 05:26 pm EDT
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The information required herein is incorporated by reference to page 5 through
17 ("Management's Discussion and Analysis") of United Bancshares' Annual Report
to Shareholders for 2022 ("Annual Report"), which is included herein as Exhibit
13.
United Bancshares, Inc. is a financial holding company. Its principal subsidiary is The Union Bank Company (Union Bank). Its core business operations are conducted through its subsidiaries, Union Bank and UBC Risk Management, Inc. (UBC Risk Management). Union Bank is a full-service community bank offering a full range of commercial and consumer banking services. Union Bank offers a range of deposit services, including checking accounts, savings and money market accounts, certificates of deposit and individual retirement accounts. Wealth management services are offered by Union Bank through an arrangement with LPL Financial LLC, a registered broker/dealer. Union Bankâs loan products include commercial and residential real estate loans, agricultural loans, commercial and industrial loans, home equity loans, various types of consumer loans and others. UBC Risk Management is a captive insurance subsidiary that insures various liability and property damage policies for the Company.
UNITED BANCSHARES, INC. 
