United Security Bancshares Files Q2 2025 10-Q

Ticker: UBFO · Form: 10-Q · Filed: Aug 7, 2025 · CIK: 1137547

United Security Bancshares 10-Q Filing Summary
FieldDetail
CompanyUnited Security Bancshares (UBFO)
Form Type10-Q
Filed DateAug 7, 2025
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, financials, banking

Related Tickers: UBFO

TL;DR

**UBFO filed its 10-Q for Q2 2025. Check financials.**

AI Summary

United Security Bancshares filed its 10-Q for the quarterly period ended June 30, 2025. The filing indicates the company is incorporated in California and its common stock trades on Nasdaq under the symbol UBFO. The report covers the company's financial performance and operations during the specified quarter.

Why It Matters

This filing provides investors with an update on United Security Bancshares' financial health and operational performance for the second quarter of 2025, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags or significant new risks.

Key Players & Entities

  • UNITED SECURITY BANCSHARES (company) — Registrant
  • June 30, 2025 (date) — Quarterly period end date
  • UBFO (company) — Trading Symbol
  • Nasdaq (company) — Exchange
  • CALIFORNIA (location) — State of incorporation

FAQ

What is the primary purpose of this Form 10-Q filing?

The primary purpose is to provide a quarterly report on the financial condition and operations of United Security Bancshares for the period ended June 30, 2025.

On which exchange is United Security Bancshares' common stock traded?

United Security Bancshares' common stock is traded on the Nasdaq exchange.

What is the trading symbol for United Security Bancshares?

The trading symbol for United Security Bancshares is UBFO.

In which jurisdiction is United Security Bancshares incorporated?

United Security Bancshares is incorporated in California.

What is the principal executive office address for United Security Bancshares?

The principal executive office is located at 2126 Inyo Street, Fresno, California 93721.

Filing Stats: 4,788 words · 19 min read · ~16 pages · Grade level 15.6 · Accepted 2025-08-07 16:46:41

Filing Documents

Financial Information

PART I. Financial Information

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Changes in Shareholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Overview 33 Results of Operations 35 Financial Condition 43 Liquidity and Capital Resources 51

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 53

Controls and Procedures

Item 4. Controls and Procedures 53

Other Information

PART II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 55 Item 1A.

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 55

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 55

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 55

Other Information

Item 5. Other Information 55

Exhibits

Item 6. Exhibits 55

Signatures

Signatures 59 2 Table of Contents

Financial Information

PART I. Financial Information

- Financial Statements (Unaudited)

Item 1 - Financial Statements (Unaudited) United Security Bancshares and Subsidiaries Condensed Consolidated Balance Sheets – (unaudited) (In thousands except shares) June 30, 2025 December 31, 2024 Assets Cash and cash equivalents $ 49,091 $ 56,211 Investment securities (at fair value) Available-for-sale (AFS) securities net of allowance for credit losses of $ 0 (amortized cost of $ 165,252 and $ 179,753 ) 147,041 157,382 Marketable equity securities 3,382 3,326 Total investment securities 150,423 160,708 Loans 949,279 930,244 Unearned fees and unamortized loan origination costs - net ( 1,950 ) ( 1,782 ) Allowance for credit losses - loans ( 15,965 ) ( 16,046 ) Net loans 931,364 912,416 Premises and equipment - net 8,583 8,668 Accrued interest receivable 7,929 8,104 Other real estate owned 7,852 4,582 Goodwill 4,488 4,488 Investment in limited partnerships 4,275 4,275 Deferred tax assets - net 13,479 14,419 Cash surrender value of life insurance - net 20,956 20,692 Operating lease right-of-use assets 2,716 3,069 Other assets 12,981 14,086 Total assets $ 1,214,137 $ 1,211,718 Liabilities & Shareholders' Equity Liabilities Deposits Non-interest-bearing $ 372,027 $ 360,152 Interest-bearing 683,642 697,470 Total deposits 1,055,669 1,057,622 Operating lease liabilities 2,807 3,161 Other liabilities 9,576 9,001 Junior subordinated debentures (at fair value) 11,831 11,572 Total liabilities 1,079,883 1,081,356 Commitments and contingent liabilities ( Note 18 ) Shareholders' Equity Common stock, no par value; 20,000,000 shares authorized; issued and outstanding: 17,475,927 at June 30, 2025 and 17,364,894 at December 31, 2024 61,727 61,267 Retained earnings 84,103 83,447 Accumulated other comprehensive loss, net of tax ( 11,576 ) ( 14,352 ) Total shareholders' equity 134,254 130,362 Total liabilities and shareholders' equity $ 1,214,137 $ 1,211,718 See accompanying notes to condensed consolidated financial statements. 3 T

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