UBFO · As filed with the SEC
United Security Bancshares income statement, by fiscal year
The statement as United Security Bancshares presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|---|
| Interest Income: | |||||
| Interest and fees on loans | 55,426 | 55,236 | 54,183 | 43,039 | 35,154 |
| Interest on investment securities | 4,380 | 5,209 | 5,870 | 4,613 | 2,337 |
| Interest on deposits in FRB | 1,006 | 306 | 324 | 1,605 | 239 |
| Total interest income | 60,812 | 60,751 | 60,377 | 49,257 | 37,730 |
| Interest Expense: | |||||
| Interest on deposits | 11,313 | 9,578 | 6,758 | 2,815 | 1,899 |
| Interest on other borrowed funds | 728 | 4,323 | 4,298 | 380 | 180 |
| Total interest expense | — | — | 11,056 | 3,195 | 2,079 |
| Total interest expense | 12,041 | 13,901 | — | — | — |
| Net Interest Income | 48,771 | 46,850 | 49,321 | 46,062 | 35,651 |
| Provision for credit losses | 5,574 | 2,963 | 1,460 | 1,802 | 2,107 |
| Net Interest Income after Provision for Credit Losses | 43,197 | 43,887 | 47,861 | 44,260 | 33,544 |
| Noninterest Income: | |||||
| Customer service fees | 2,954 | 2,918 | 2,918 | 3,027 | 2,793 |
| Increase in cash surrender value of bank-owned life insurance | 561 | 551 | 557 | 555 | 555 |
| Unrealized gain (loss) on fair value of marketable equity securities | — | — | 39 | (429) | (106) |
| Gain on proceeds from bank-owned life insurance | 0 | 573 | 907 | — | — |
| Gain (loss) on fair value and partial redemption of junior subordinated debentures (TruPS) | 391 | (614) | 274 | (2,533) | (660) |
| Gain on sale of investment securities | — | — | 0 | 30 | 0 |
| Gain on sale of assets | — | 11 | 0 | (10) | 8 |
| Other | 1,180 | 1,274 | 874 | 1,198 | 795 |
| Total noninterest income | 5,086 | 4,713 | 5,569 | 1,838 | 3,385 |
| Noninterest Expense: | |||||
| Salaries and employee benefits | 15,557 | 13,884 | 13,157 | 11,833 | 11,713 |
| Occupancy expense | 3,863 | 3,686 | 3,739 | 3,467 | 3,537 |
| Data processing | — | 1,114 | 784 | 686 | 565 |
| Data processing | 1,623 | — | — | — | — |
| Technology | 2,766 | — | — | — | — |
| Professional fees | 1,643 | 5,265 | 4,366 | 4,058 | 3,572 |
| Loan-related expenses | 343 | — | — | — | — |
| Merger-related expenses | 674 | — | — | — | — |
| Regulatory assessments | 698 | 697 | 727 | 794 | 743 |
| Director fees | 780 | 436 | 438 | 452 | 385 |
| Correspondent bank service charges | — | — | 80 | 93 | 88 |
| Net cost of operation of OREO | — | — | 201 | 102 | 256 |
| Other | 3,641 | 3,198 | 2,462 | 2,554 | 2,756 |
| Total noninterest expense | 31,588 | 28,280 | 25,954 | 24,039 | 23,615 |
| Income before provision for taxes | 16,695 | 20,320 | 27,476 | 22,059 | 13,314 |
| Provision for income taxes | 4,407 | 5,537 | 7,680 | 6,373 | 3,216 |
| Net income | 12,288 | 14,783 | 19,796 | 15,686 | 10,098 |
| Net income per common share | |||||
| Basic (in usd per share) | 0.70 | 0.86 | 1.16 | 0.92 | 0.59 |
| Diluted (in usd per share) | 0.70 | 0.86 | 1.16 | 0.92 | 0.59 |
| Weighted average common shares outstanding | |||||
| Basic (in shares) | — | 17,188,384 | 17,114,214 | 17,040,241 | 17,011,379 |
| Basic (in shares) | 17,493,576 | — | — | — | — |
| Diluted (in shares) | 17,498,322 | 17,199,817 | 17,125,186 | 17,061,833 | 17,030,874 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.