UNITED SECURITY BANCSHARES

UNITED SECURITY BANCSHARES Debt Disclosure

10-KFiled Mar 26, 20262 min read
Short-term Borrowings/Other Borrowings
The Bank maintains lines of credit with the Federal Reserve Bank, the Federal Home Loan Bank, and correspondent banks which may be drawn upon, as needed, to cover short-term financial obligations, or for investment or capital utilization purposes.
The following table sets forth the Bank’s outstanding and available credit lines for the periods indicated:
(In thousands)December 31, 2025December 31, 2024
Unsecured credit lines:
Credit limit$90,000 $90,000 
Balance outstanding— — 
Federal Home Loan Bank:
Credit limit124,886 135,634 
Balance outstanding— — 
Collateral pledged224,473 230,001 
Federal Reserve Bank: 
Credit limit480,835 499,069 
Balance outstanding— — 
Collateral pledged584,264 617,860 

At December 31, 2025, the Company’s available lines of credit totaled $695.7 million. All lines of credit are on an “as available” basis and can be revoked by the grantor at any time. These lines of credit have interest rates that are generally tied to the Federal Funds rate or are indexed to short-term U.S. Treasury rates or SOFR. FHLB and FRB advances are collateralized by loans and investment securities. At December 31, 2025, $222.7 million in loans and $1.7 million in investment securities were pledged as collateral for FHLB advances. Additionally, $581.0 million in loans and $3.3 million in investment securities were pledged at December 31, 2025, as collateral for advances with the Federal Reserve Bank.

At December 31, 2024, the Company’s available lines of credit totaled $724.7 million. As of December 31, 2024, $228.1 million in loans and $1.9 million in investment securities were pledged as collateral for FHLB advances. Additionally, $614.2 million in loans and $3.7 million in investment securities were pledged as collateral at the Federal Reserve Bank.
The Company held no borrowings at December 31, 2025, or December 31, 2024.
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Historical Timeline

Fiscal YearFiled
2025Mar 26, 2026Showing above
2024Mar 20, 2025
2023Mar 26, 2024
2022Mar 29, 2023
2021Mar 9, 2022
2020Mar 5, 2021
2019Feb 28, 2020
2018Mar 1, 2019
2017Mar 2, 2018
2016Mar 3, 2017
2015Mar 4, 2016

About Debt Disclosures

Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.

Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.

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