Welcome to our dedicated page for United Sec Bancshares Calif news (Ticker: UBFO), a resource for investors and traders seeking the latest updates and insights on United Sec Bancshares Calif stock.
United Security Bancshares was a bank holding company for United Security Bank, a bank founded in 1987 with full-service branches and commercial real estate construction, commercial lending and consumer lending departments. News for UBFO centered on periodic operating results, bank holding company governance, capital-structure matters and shareholder voting actions.
The company's separate corporate existence ended when it merged into Community West Bancshares in 2026. Later company developments therefore focus on the completed corporate-status change, including exchange listing and reporting status, rather than new standalone banking operations.
United Security Bancshares (Nasdaq: UBFO) reported unaudited financial results for the nine months ending September 30, 2020, revealing a net income of $7.04 million, down from $12.28 million for the same period in 2019. Third quarter net income was $2.27 million, a 45.58% decline due to reduced interest income from lower rates. Total assets grew 18.5% to $1.13 billion, while total loans and deposits also saw significant increases. However, net interest margin fell to 2.97% from 4.17%, attributing to the drop in income. The company declared a cash dividend of $0.11 per share.