UNITED SECURITY BANCSHARES
Business
United Security Bancshares is a California-based bank holding company whose principal business is operating United Security Bank, a California state-chartered commercial bank. The Bank offers deposit products (checking, savings, money market, certificates of deposit) and lending services (real estate, construction, commercial and industrial, agricultural, and installment loans) primarily to businesses and individuals in Fresno, Madera, Kern, and Santa Clara counties. The Bank operates 14 branches and related lending offices, with a subsidiary (York Monterey Properties) holding foreclosed real estate.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 55 | 55 | 54 | 43 | 35 | |
| Interest on investment securities | 4 | 5 | 6 | 5 | 2 | |
| Interest on deposits in FRB | 1 | 306,000 | 324,000 | 2 | 239,000 | |
| Total interest income | 61 | 61 | 60 | 49 | 38 | |
| Interest on deposits | 11 | 10 | 7 | 3 | 2 | |
| Interest on other borrowed funds | 728,000 | 4 | 4 | 380,000 | 180,000 | |
| Total interest expense | 12 | 14 | 11 | — | — | |
| Net Interest Income | 49 | 47 | 49 | 46 | 36 | |
| Provision for credit losses | 6 | 3 | 1 | 2 | 2 | |
| Net Interest Income after Provision for Credit Losses | 43 | 44 | 48 | 44 | 34 | |
| Customer service fees | 3 | 3 | 3 | 3 | 3 | |
| Increase in cash surrender value of bank-owned life insurance | 561,000 | 551,000 | 557,000 | 555,000 | 555,000 | |
| Gain on proceeds from bank-owned life insurance | 0 | 573,000 | 907,000 | 0 | 0 | |
| Gain (loss) on fair value and partial redemption of junior subordinated debentures (TruPS) | 391,000 | −614,000 | 274,000 | −3 | −660,000 | |
| Other | 1 | 1 | 913,000 | 1 | 795,000 | |
| Total noninterest income | 5 | 5 | 6 | 2 | 3 | |
| Salaries and employee benefits | 16 | 14 | 13 | 12 | 12 | |
| Occupancy expense | 4 | 4 | 4 | 3 | 4 | |
| Data processing | 2 | 1 | — | — | — | |
| Technology | 3 | 3 | — | — | — | |
| Professional fees | 2 | 2 | 4 | 4 | 4 | |
| Loan-related expenses | 343,000 | 861,000 | — | — | — | |
| Merger-related expenses | 674,000 | 0 | — | — | — | |
| Regulatory assessments | 698,000 | 697,000 | 727,000 | 794,000 | 743,000 | |
| Director fees | 780,000 | 436,000 | 438,000 | 452,000 | 385,000 | |
| Other | 4 | 3 | 3 | 3 | 3 | |
| Total noninterest expense | 32 | 28 | 26 | 24 | 24 | |
| Income before provision for taxes | 17 | 20 | 27 | 22 | 13 | |
| Provision for income taxes | 4 | 6 | 8 | 6 | 3 | |
| Net income | 12 | 15 | 20 | 16 | 10 | |
| Basic (in usd per share) | 0.7 | 0.85 | 1.16 | 0.92 | 0.59 | |
| Diluted (in usd per share) | 0.7 | 0.85 | 1.16 | 0.92 | 0.59 | |
| Basic (in shares) | 17 | 17 | — | — | — | |
| Diluted (in shares) | 17 | 17 | 17 | 17 | 17 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 121 | 56 | — | — | — | |
| Available-for-sale (AFS) debt securities net of allowance for credit losses of $0 (amortized cost of $154,517 and $179,753, respectively) | 140 | 157 | 181 | 208 | 179 | |
| Marketable equity securities | 3 | 3 | 3 | 3 | 4 | |
| Total investment securities | 143 | 161 | 185 | 211 | 183 | |
| Loans | 918 | 930 | 921 | 982 | — | |
| Unearned fees and unamortized loan origination costs - net | −2 | −2 | −1 | 2 | — | |
| Allowance for credit losses - loans | −15 | −16 | −16 | −10 | −9 | |
| Net loans | 901 | 912 | 904 | 970 | 862 | |
| Premises and equipment - net | 9 | 9 | 9 | 10 | 9 | |
| Accrued interest receivable | 7 | 8 | 8 | 8 | 8 | |
| Other real estate owned (OREO) | 8 | 5 | 5 | 5 | 5 | |
| Goodwill | 5 | 5 | 5 | 5 | 5 | |
| Deferred tax assets - net | 12 | 14 | 14 | 13 | 4 | |
| Cash surrender value of life insurance - net | 21 | 21 | 22 | 23 | 22 | |
| Investment in limited partnerships | 4 | 4 | 3 | 3 | — | |
| Operating lease right-of-use assets | 3 | 3 | 1 | 2 | 3 | |
| Other assets | 13 | 14 | 15 | 12 | 13 | |
| Total assets | 1,248 | 1,212 | 1,211 | 1,299 | 1,331 | |
| Noninterest-bearing | 422 | 360 | 403 | 482 | 477 | |
| Interest-bearing | 667 | 697 | 601 | 684 | 711 | |
| Total deposits | 1,089 | 1,058 | 1,004 | 1,165 | 1,188 | |
| Operating lease liabilities | 3 | 3 | 1 | 2 | 3 | |
| Other liabilities | 10 | 9 | 9 | 8 | 9 | |
| Junior subordinated debentures (at fair value) | 6 | 12 | 11 | 11 | 11 | |
| Total liabilities | 1,109 | 1,081 | 1,089 | 1,187 | 1,211 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Common stock, no par value; 20,000,000 shares authorized; issued and outstanding: 17,582,116 at December 31, 2025 and 17,364,894 at December 31, 2024 | 62 | 61 | 61 | 60 | 60 | |
| Retained earnings | 87 | 83 | 77 | 70 | 62 | |
| Accumulated other comprehensive loss, net of tax | −10 | −14 | −15 | −17 | −1 | |
| Total shareholders equity | 140 | 130 | 123 | 112 | 120 | |
| Total liabilities and shareholders equity | 1,248 | 1,212 | 1,211 | 1,299 | 1,331 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 1 | 1 | 1 | |
| Amortization of operating lease right-of-use assets | 829,000 | 646,000 | 646,000 | 611,000 | −262,000 | |
| Amortization of premium/discount on investment securities, net | 371,000 | 417,000 | 499,000 | 606,000 | 953,000 | |
| Operating lease payments | −755,000 | −650,000 | −656,000 | — | — | |
| Decrease (increase) in accrued interest receivable | 944,000 | −176,000 | 561,000 | −959,000 | 634,000 | |
| (Decrease) increase in accrued interest payable | −12,000 | 4,000 | 45,000 | 48,000 | −4,000 | |
| Decrease in unearned fees and unamortized loan origination costs, net | 319,000 | 483,000 | −295,000 | 4 | −151,000 | |
| (Increase) decrease in income taxes receivable | −510,000 | 1 | −2 | 2 | −73,000 | |
| Stock-based compensation expense and tax benefit | 969,000 | 682,000 | 478,000 | 366,000 | 238,000 | |
| Provision (benefit) for deferred income taxes | 284,000 | −472,000 | −297,000 | −2 | −521,000 | |
| Increase (decrease) in accounts payable and accrued liabilities | 407,000 | −368,000 | 727,000 | 213,000 | 623,000 | |
| Write down on other real estate owned | 73,000 | 0 | — | 0 | 0 | |
| (Gain) loss on marketable equity securities | −106,000 | 28,000 | −39,000 | — | — | |
| Loss on fair value option of junior subordinated debentures | 90,000 | 614,000 | — | — | — | |
| Gain on partial redemption of junior subordinated debentures | −481,000 | 0 | — | — | — | |
| Gain on calls of investment securities | −17,000 | 0 | — | — | — | |
| Gain on proceeds from bank-owned life insurance | 0 | −573,000 | — | — | — | |
| Increase in cash surrender value of bank-owned life insurance | −561,000 | −551,000 | −557,000 | −555,000 | −555,000 | |
| Loss (gain) on sale of assets | 57,000 | −11,000 | 0 | 10,000 | −8,000 | |
| Net decrease (increase) in other assets | 835,000 | −925,000 | 485,000 | −1 | 1 | |
| Net cash provided by operating activities | 22 | 20 | 21 | 24 | 17 | |
| Purchases of FHLB stock, FRB stock, and other securities | −27,000 | −16,000 | −1 | −2 | −8,000 | |
| Maturities and calls of available-for-sale securities | 14 | 16 | 18 | 0 | 0 | |
| Principal payments on available-for-sale securities | 10 | 9 | 12 | 10 | 27 | |
| Net decrease (increase) in loans | 3 | — | 58 | — | — | |
| Net decrease (increase) in loans | — | −12 | — | −113 | −218 | |
| Proceeds from bank-owned life insurance | 0 | 2 | 2 | 0 | 0 | |
| Capital expenditures of premises and equipment | −2 | −1 | −787,000 | −2 | −1 | |
| Investment in limited partnerships | 0 | −1 | −400,000 | −320,000 | −158,000 | |
| Net cash provided by investing activities | 26 | 13 | 88 | −174 | −319 | |
| Increase in demand deposit and savings accounts | 33 | 47 | −175 | −13 | 229 | |
| Net (decrease) increase in time deposits | −2 | 7 | 14 | −10 | 6 | |
| Partial redemption of junior subordinated debentures | −6 | 0 | — | — | — | |
| Net decrease is short-term borrowings | 0 | −62 | 62 | 0 | — | |
| Dividends on common stock | −8 | −8 | −8 | −7 | −7 | |
| Net cash provided by (used in) financing activities | 17 | −17 | −107 | −30 | 228 | |
| Net increase in cash and cash equivalents | 65 | 15 | 2 | −181 | −75 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UNITED SECURITY BANCSHARES's CIK number?
UNITED SECURITY BANCSHARES's SEC CIK number is 0001137547 (1137547). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UNITED SECURITY BANCSHARES's SEC filings?
All of UNITED SECURITY BANCSHARES's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UNITED SECURITY BANCSHARES last report earnings?
UNITED SECURITY BANCSHARES (UBFO) most recently filed an earnings 8-K with the SEC on Jan 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001137547-26-000002). This is UNITED SECURITY BANCSHARES's most recent earnings filing of record — not a forecast of its next earnings date.
What is UNITED SECURITY BANCSHARES's most recent earnings 8-K?
UNITED SECURITY BANCSHARES's latest earnings 8-K (Item 2.02) was filed Jan 22, 2026 under accession 0001137547-26-000002. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View UNITED SECURITY BANCSHARES's latest earnings 8-K →
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