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Last $5.07 USD
Change Today +0.0121 / 0.24%
Volume 8.2K
UBFO On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

united security bancshare/ca (UBFO) Snapshot

Open
$5.07
Previous Close
$5.06
Day High
$5.08
Day Low
$5.07
52 Week High
07/22/14 - $6.04
52 Week Low
04/14/15 - $4.90
Market Cap
79.0M
Average Volume 10 Days
6.2K
EPS TTM
$0.41
Shares Outstanding
15.6M
EX-Date
07/9/08
P/E TM
12.3x
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.

132 Employees
Last Reported Date: 03/17/15
Founded in 1987

united security bancshare/ca (UBFO) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $568.9K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $192.2K
Principal Accounting Officer, Chief Administr...
Total Annual Compensation: $292.0K
Vice President of Real Estate Construction De...
Total Annual Compensation: $176.4K
Compensation as of Fiscal Year 2014.

united security bancshare/ca (UBFO) Key Developments

United Security Bancshares Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

United Security Bancshares reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, interest and fees on loans was $6,279,000 against $5,475,000 a year ago. Interest on investment securities was $214,000 against $228,000 a year ago. Total interest income was $6,541,000 against $5,788,000 a year ago. Net interest income was $5,765,000 against $5,512,000 a year ago. Income before income tax provision was $1,978,000 against $1,434,000 a year ago. Net income was $1,228,000 against $908,000 a year ago. Book value per share was $5.40 against $5.37 a year ago. Tangible book value per share was $5.11 against $5.08 a year ago.

United Security Bancshares Appoints Bhavneet Gill as Chief Financial Officer

United Security Bancshares appointed Ms. Bhavneet Gill as Senior Vice President and Chief Financial Officer for United Security Bank . Ms. Gill joined the Bank on May 20, 2013, as Vice President and Controller. Ms. Gill has more than 7 years of experience in banking and the financial services industry. Prior to joining the Bank, Ms. Gill served in various finance roles at Central Valley Community Bank and State Street, most recently having served as the Accounting Manager at Central Valley Community Bank.

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.

 

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UBFO:US $5.07 USD +0.0121

UBFO Competitors

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Company Last Change
American Business Bank $28.60 USD -0.40
California First National Bancorp $13.60 USD 0.00
Central Valley Community Bancorp $10.99 USD +0.18
Pacific Mercantile Bancorp $7.15 USD +0.085
Valley Commerce Bancorp/Visalia CA $15.70 USD 0.00
View Industry Companies
 

Industry Analysis

UBFO

Industry Average

Valuation UBFO Industry Range
Price/Earnings 12.1x
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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