Last $5.12 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

united security bancshare/ca (UBFO) Snapshot

Open
$5.20
Previous Close
$5.12
Day High
$5.20
Day Low
$5.12
52 Week High
07/22/14 - $6.10
52 Week Low
01/29/14 - $4.66
Market Cap
79.0M
Average Volume 10 Days
3.8K
EPS TTM
$0.40
Shares Outstanding
15.4M
EX-Date
07/9/08
P/E TM
13.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNITED SECURITY BANCSHARE/CA (UBFO)

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united security bancshare/ca (UBFO) Details

United Security Bancshares operates as the holding company for United Security Bank that provides a range of commercial banking services primarily to the business and professional community, and individuals in California. The company offers various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit. it’s loan portfolio consists of real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural and lease financing. The company also offers a range of services, such as cashiers checks, travelers checks, money orders, and foreign drafts, as well as Internet banking services to its commercial and retail customers, and financial and wealth management services. United Security Bancshares operates 11 banking branches, 1 construction lending office, and 1 financial services office in Fresno, Madera, Kern, and Santa Clara counties. The company was founded in 1987 and is headquartered in Fresno, California.

united security bancshare/ca (UBFO) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $496.7K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $175.9K
Principal Accounting Officer, Chief Administr...
Total Annual Compensation: $259.5K
Vice President of Real Estate Construction De...
Total Annual Compensation: $176.4K
Compensation as of Fiscal Year 2013.

united security bancshare/ca (UBFO) Key Developments

United Security Bancshares Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

United Security Bancshares reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $1,556,000 or $0.10 per basic and diluted common share as compared to $2,945,000 or $0.19 per basic and diluted common shares a year ago. Total interest income was $6.456 million compared to $5.713 million for the same period last year. Net interest income before provision for credit losses was $6.105 million compared to $5.362 million for the same period last year. Net interest income was $6.850 million compared to $5.340 million for the same period last year. Income before income tax provision was $2.818 million compared to $0.367 million for the same period last year. Annualized return on average equity (ROAE) was 7.51%, compared to 15.80% for the same period in 2013. Annualized return on average assets (ROAA) was 0.90% compared to 1.79% for the same period in 2013. The reduction in ROAA was due to the reversal on valuation allowance on deferred tax which resulted in tax benefit of $2,578,000 for the quarter ended December 31, 2013, compared to tax expense of $1,262,000 for the same period ended December 31, 2014. For the year, the company reported net income of $6,216,000 or $0.40 per basic and diluted common share as compared to $7,269,000 or $0.47 per basic and diluted shares a year ago. Total interest income was $24.962 million compared to $23.002 million for the same period last year. Net interest income before provision for credit losses was $23.617 million compared to $21.391 million for the same period last year. Net interest income was $24.462 million compared to $22.489 million for the same period last year. Income before income tax provision was $10.408 million compared to $7.374 million for the same period last year. Annualized return on average equity (ROAE) for the year ended December 31, 2014 was 7.80%, compared to 10.09% for the year ended December 31, 2013. Annualized return on average assets (ROAA) was 0.93% for the year ended December 31, 2014, compared to 1.13% for the year ended December 31, 2013. The reduction in ROAE and ROAA for the year ended December 31, 2014 was primarily due to a $2,686,000 reversal on valuation allowance on deferred tax in 2013. Book value per share as at December 31, 2014 was $5.37 compared to $5.17 a year ago.

United Security Bancshares Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

United Security Bancshares reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $1,703,000 or $0.11 per basic and diluted common share for the quarter ended September 30, 2014, as compared to $1,852,000 or $0.12 per basic and diluted common shares for the quarter ended September 30, 2013. Annualized return on average equity (ROAE) for the quarter ended September 30, 2014 was 8.39%, compared to 10.14% for the same period in 2013. Annualized return on average assets (ROAA) was 1% for the quarter ended September 30, 2014, compared to 1.14% for the same period in 2013. Change in net income on a quarter-to-quarter comparative basis between the third quarters of 2014 and 2013 is primarily the result of a negative provision for loan loss of $1,150,000 during 2013, compared to a provision of $39,000, partially offset by a $687,000 increase in interest income during the third quarter of 2014. Net interest income before provision for credit losses for the quarter ended September 30, 2014 totaled $6,129,000, an increase of $702,000 from $5,427,000 reported for the quarter ended September 30, 2013. For the nine months, the company reported net income of $4,659,000 or $0.31 per basic and diluted common share for the nine months ended September 30, 2014, as compared to $4,323,000 or $0.28 per basic and diluted shares for the nine months ended September 30, 2013. Annualized return on average equity (ROAE) for the nine months ended September 30, 2014 was 7.90%, compared to 8.10% for the nine months ended September 30, 2013. Annualized return on average assets (ROAA) was 0.94% for the nine months ended September 30, 2014, compared to 0.90% for the nine months ended September 30, 2013. On a year to date comparative basis, changes in income were the result of an increase of $1,095,000 in non-interest income, an increase of $1,216,000 in total interest income, and a $265,000 decrease in interest expense, partially offset by a $1,019,000 increase in the provision for credit losses and an increase of $974,000 in non-interest expense. Net interest income before provision for credit losses for the nine months ended September 30, 2014 totaled $17,510,000, an increase of $1,481,000 from the $16,029,000 reported for the nine months ended September 30, 2013. Book value per share was $5.32. Tangible book value per share $5.03.

United Security Bancshares Declares Quarterly Cash Dividend, Payable October 1, 2014

United Security Bancshares declared a quarterly cash dividend of $0.01 per share, payable October 1, 2014 to shareholders of record of the bank holding company on September 12, 2014.

 

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UBFO Competitors

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Company Last Change
American River Bankshares $9.67 USD -0.15
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Pacific Mercantile Bancorp $7.01 USD 0.00
View Industry Companies
 

Industry Analysis

UBFO

Industry Average

Valuation UBFO Industry Range
Price/Earnings 12.8x
Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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