For the quarter ending 2025-09-30, UBFO made $27,885K in revenue. $4,023K in net income. Net profit margin of 14.43%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Interest and fees on loans | 14,266 | 13,765 | 13,943 | 14,401 |
| Interest on investment securities | 1,040 | 1,140 | 1,206 | 1,298 |
| Interest on deposits at other banks | 320 | 99 | 134 | 56 |
| Total interest income | 15,626 | 15,004 | 15,283 | 15,755 |
| Interest on deposits | 3,045 | 2,868 | 2,780 | 3,064 |
| Interest on other borrowed funds | 162 | 273 | 207 | 879 |
| Total interest expense | 3,207 | 3,141 | 2,987 | 3,943 |
| Net interest income | 12,419 | 11,863 | 12,296 | 11,812 |
| Provision for credit losses | 948 | 1,858 | 2,300 | 1,558 |
| Net interest income after provision for credit losses | 11,471 | 10,005 | 9,996 | 10,254 |
| Unrealized gain (loss) on fair value of marketable equity securities | - | - | - | 224 |
| Customer service fees | 847 | 726 | 638 | 719 |
| Increase in cash surrender value of bank-owned life insurance | 135 | 132 | 132 | 132 |
| Gain on proceeds from bank-owned life insurance | 0 | 0 | - | - |
| Gain on fair value and partial redemption of junior subordinated debentures (trups) | 247 | -317 | 270 | 661 |
| (loss) gain on sale of assets | 0 | -54 | - | - |
| Other | 389 | 271 | 320 | 287 |
| Total noninterest income | 1,618 | 758 | 1,360 | 2,023 |
| Salaries and employee benefits | 3,619 | 3,845 | 3,926 | 3,526 |
| Occupancy expense | 997 | 930 | 966 | 990 |
| Data processing | 414 | 399 | 407 | - |
| Technology | 704 | 687 | 651 | - |
| Professional fees | 331 | 350 | 646 | 1,128 |
| Correspondent bank service charges | - | - | - | 12 |
| Loan-related expenses | 110 | 116 | 17 | - |
| Data processing | - | - | - | 467 |
| Regulatory assessments | 176 | 169 | 173 | 159 |
| Director expenses | 190 | 289 | 102 | 105 |
| Other | 893 | 954 | 716 | 718 |
| Net cost of operation of oreo | - | - | - | -37 |
| Total noninterest expense | 7,434 | 7,739 | 7,604 | 7,142 |
| Income before provision for taxes | 5,655 | 3,024 | 3,752 | 5,135 |
| Provision for income taxes | 1,632 | 855 | 1,070 | 1,306 |
| Net income | 4,023 | 2,169 | 2,682 | 3,829 |
| Basic (in shares) | 17,483,334 | 17,235,873 | 17,229,743 | 17,194,024 |
| Basic (in usd per share) | 0.23 | 0.13 | 0.16 | 0.22 |
| Diluted (in shares) | 17,488,826 | 17,260,392 | 17,261,452 | 17,206,391 |
| Diluted (in usd per share) | 0.23 | 0.13 | 0.16 | 0.22 |
UNITED SECURITY BANCSHARES (UBFO)
UNITED SECURITY BANCSHARES (UBFO)