$FUSB
FIRST US BANCSHARES, INC.

2013 Q2 Form 10-Q Financial Statement

#000119312513333931 Filed on August 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $8.432M $9.748M
YoY Change -13.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $175.0K $180.0K
YoY Change -2.78% 5.88%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $737.0K $1.177M
YoY Change -37.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.694M $1.994M
YoY Change -15.05% 58.25%
Income Tax $512.0K $622.0K
% Of Pretax Income 30.22% 31.19%
Net Earnings $1.182M $1.371M
YoY Change -13.79% 52.33%
Net Earnings / Revenue 14.02% 14.06%
Basic Earnings Per Share $0.20
Diluted Earnings Per Share $0.20 $227.6K
COMMON SHARES
Basic Shares Outstanding 6.024M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $186.7M $187.4M
YoY Change -0.38%
Cash & Equivalents $48.98M $74.80M
Short-Term Investments $137.7M $112.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.697M $9.000M
YoY Change -3.37% -2.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $555.7M $603.3M
YoY Change -7.89% -4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $600.0K
YoY Change -50.0% -33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $700.0K
YoY Change -28.57% -36.36%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $300.0K $600.0K
YoY Change -50.0% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.900M $8.000M
YoY Change -1.25% -1.23%
Total Long-Term Liabilities $7.900M $8.000M
YoY Change -1.25% -1.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.0K $600.0K
Total Long-Term Liabilities $7.900M $8.000M
Total Liabilities $486.7M $536.5M
YoY Change -9.28% -3.3%
SHAREHOLDERS EQUITY
Retained Earnings $79.36M
YoY Change
Common Stock $9.357M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.12M
YoY Change
Treasury Stock Shares 1.304M shares
Shareholders Equity $69.00M $66.80M
YoY Change
Total Liabilities & Shareholders Equity $555.7M $603.3M
YoY Change -7.89% -4.65%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $1.182M $1.371M
YoY Change -13.79% 52.33%
Depreciation, Depletion And Amortization $175.0K $180.0K
YoY Change -2.78% 5.88%
Cash From Operating Activities $1.310M $3.570M
YoY Change -63.31% -0.28%
INVESTING ACTIVITIES
Capital Expenditures $40.00K -$80.00K
YoY Change -150.0% -73.33%
Acquisitions
YoY Change
Other Investing Activities -$12.24M $17.30M
YoY Change -170.75% -524.02%
Cash From Investing Activities -$12.28M $17.22M
YoY Change -171.31% -493.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.640M -15.92M
YoY Change -45.73% 186.33%
NET CHANGE
Cash From Operating Activities 1.310M 3.570M
Cash From Investing Activities -12.28M 17.22M
Cash From Financing Activities -8.640M -15.92M
Net Change In Cash -19.61M 4.870M
YoY Change -502.67% -176.57%
FREE CASH FLOW
Cash From Operating Activities $1.310M $3.570M
Capital Expenditures $40.00K -$80.00K
Free Cash Flow $1.270M $3.650M
YoY Change -65.21% -5.93%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52797000
CY2011Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
16775000
CY2012Q4 us-gaap Other Assets
OtherAssets
16492000
CY2012Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
41945000
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1303938 shares
CY2012Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
0
CY2012Q4 us-gaap Minority Interest
MinorityInterest
-13000
CY2012Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1570548
CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
29000
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9500000
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
638000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Financing Receivable Modifications Number Of Contracts1
FinancingReceivableModificationsNumberOfContracts1
24
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
68647000
CY2012Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
92614000
CY2012Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19278000
CY2012Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
32000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
3139000
CY2012Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
5101000
CY2012Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
936000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
77287000
CY2012Q4 us-gaap Assets
Assets
567133000
CY2012Q4 us-gaap Deposits
Deposits
489034000
CY2012Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
5054000
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
5617000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54126000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1500000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
567133000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7327560 shares
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
73000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
21136000
CY2012Q4 us-gaap Federal Funds Sold
FederalFundsSold
5000000
CY2012Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
87592000
CY2012Q4 us-gaap Liabilities
Liabilities
498486000
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
8401000
CY2012Q4 us-gaap Loans Receivable Net
LoansReceivableNet
337400000
CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
3000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
7300000
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
21123000
CY2012Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2012Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
13286000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8903000
CY2012Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
0
CY2012Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
23618000
CY2012Q4 us-gaap Allowance For Credit Losses Change In Method Of Calculating Impairment
AllowanceForCreditLossesChangeInMethodOfCalculatingImpairment
6322593
CY2012Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
12181000
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6023622 shares
CY2012Q4 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment
7563000
CY2012Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
23618330
CY2012Q4 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts
10
CY2012Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
61600000
CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
361779000
CY2012Q4 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment1
FinancingReceivableModificationsPreModificationRecordedInvestment1
14054000
CY2012Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
413000
CY2012Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
13303000
CY2012Q4 us-gaap Financing Receivable Modifications Post Modification Recorded Investment1
FinancingReceivableModificationsPostModificationRecordedInvestment1
12516000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
2468563
CY2012Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
92614000
CY2012Q4 us-gaap Interest Receivable
InterestReceivable
3101000
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1253000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
9284000
CY2012Q4 usbi Investment In Limited Partnerships
InvestmentInLimitedPartnerships
836000
CY2012Q4 usbi Assets Transferred Into Or Out Of Level One To Two
AssetsTransferredIntoOrOutOfLevelOneToTwo
0
CY2012Q4 usbi Deferred Tax Assets Impairment Of Other Real Estate
DeferredTaxAssetsImpairmentOfOtherRealEstate
2300000
CY2012Q4 usbi Financing Receivable Restructuring Recorded Investment With Nonaccrual Status
FinancingReceivableRestructuringRecordedInvestmentWithNonaccrualStatus
12397049
CY2012Q4 usbi Impaired Financing Receivable Interest Income Accrual
ImpairedFinancingReceivableInterestIncomeAccrual
1058377
CY2012Q4 usbi Liabilities Transferred Into Or Out Of Level One To Two
LiabilitiesTransferredIntoOrOutOfLevelOneToTwo
0
CY2012Q4 usbi Loans And Leases Receivable Impaired Troubled Debt Interest
LoansAndLeasesReceivableImpairedTroubledDebtInterest
157601
CY2012Q4 usbi Treasury Tax
TreasuryTax
0
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6023622 shares
CY2012Q2 us-gaap Marketable Securities
MarketableSecurities
112620000
CY2012Q2 us-gaap Assets
Assets
603285000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74801000
CY2012Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
355411000
CY2012Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
15005000
CY2012Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5000
CY2012Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2013Q2 us-gaap Other Assets
OtherAssets
13173000
CY2013Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
38351000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
33365000
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1303938 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2013Q2 us-gaap Financing Receivable Modifications Number Of Contracts1
FinancingReceivableModificationsNumberOfContracts1
24
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
7260000
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69011000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
14995000
CY2013Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
102621000
CY2013Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1673624
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
60918000
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2013Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11635000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
59583000
CY2013Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
836163
CY2013Q2 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
853000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1435000
CY2013Q2 us-gaap Marketable Securities
MarketableSecurities
137726000
CY2013Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
5196000
CY2013Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
681000
CY2013Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
35105000
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
79355000
CY2013Q2 us-gaap Assets
Assets
555706000
CY2013Q2 us-gaap Deposits
Deposits
478086000
CY2013Q2 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
3149000
CY2013Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
322000
CY2013Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
166700000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48979000
CY2013Q2 us-gaap Federal Funds Purchased
FederalFundsPurchased
0
CY2013Q2 us-gaap Minority Interest
MinorityInterest
-13000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
7644000
CY2013Q2 us-gaap Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
19000
CY2013Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
7500000
CY2013Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
312008000
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
456000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1600000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
555706000
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7327560 shares
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
73000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
35105000
CY2013Q2 us-gaap Federal Funds Sold
FederalFundsSold
5000000
CY2013Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
100325000
CY2013Q2 us-gaap Liabilities
Liabilities
486695000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
689000
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
7867000
CY2013Q2 us-gaap Loans Receivable Net
LoansReceivableNet
312008000
CY2013Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
69845
CY2013Q2 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
834000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
4400000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
CY2013Q2 usbi Impaired Financing Receivable Interest Income Accrual
ImpairedFinancingReceivableInterestIncomeAccrual
380877
CY2013Q2 usbi Deferred Tax Assets Impairment Of Other Real Estate
DeferredTaxAssetsImpairmentOfOtherRealEstate
1800000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
19910000
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
21123000
CY2013Q2 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2013Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
500000
CY2013Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
12377000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
32793000
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8697000
CY2013Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5000
CY2013Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
0
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
19458000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
CY2013Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
14847000
CY2013Q2 us-gaap Allowance For Credit Losses Change In Method Of Calculating Impairment
AllowanceForCreditLossesChangeInMethodOfCalculatingImpairment
1291911
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
694000
CY2013Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
10628000
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6023622 shares
CY2013Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment
1210000
CY2013Q2 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
14847248
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
CY2013Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts
5
CY2013Q2 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
64900000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
100325000
CY2013Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
328839000
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2013Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment1
FinancingReceivableModificationsPreModificationRecordedInvestment1
15201000
CY2013Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
286000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
15195000
CY2013Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
13479000
CY2013Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment1
FinancingReceivableModificationsPostModificationRecordedInvestment1
8551000
CY2013Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
102621000
CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities Fair Value
HeldToMaturitySecuritiesDebtMaturitiesFairValue
34453000
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
3743077
CY2013Q2 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
102621000
CY2013Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2013Q2 us-gaap Interest Receivable
InterestReceivable
2750000
CY2013Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
33484000
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
9284000
CY2013Q2 usbi Investment In Limited Partnerships
InvestmentInLimitedPartnerships
836000
CY2013Q2 usbi Assets Transferred Into Or Out Of Level One To Two
AssetsTransferredIntoOrOutOfLevelOneToTwo
0
CY2013Q2 usbi Available Fund Lines From Correspondent Banks
AvailableFundLinesFromCorrespondentBanks
17800000
CY2013Q2 usbi Financing Receivable Restructuring Recorded Investment With Nonaccrual Status
FinancingReceivableRestructuringRecordedInvestmentWithNonaccrualStatus
8332305
CY2013Q2 usbi Liabilities Transferred Into Or Out Of Level One To Two
LiabilitiesTransferredIntoOrOutOfLevelOneToTwo
0
CY2013Q2 usbi Loans And Leases Receivable Impaired Troubled Debt Interest
LoansAndLeasesReceivableImpairedTroubledDebtInterest
20626
CY2013Q2 usbi Number Of Debt Securities Continues Loss Position For Less Than Twelve Months
NumberOfDebtSecuritiesContinuesLossPositionForLessThanTwelveMonths
28 Security
CY2013Q2 usbi Number Of Debt Securities Continues Loss Position For More Than Twelve Months
NumberOfDebtSecuritiesContinuesLossPositionForMoreThanTwelveMonths
2 Security
CY2013Q2 usbi Remaining Cash Commitments
RemainingCashCommitments
0
CY2013Q2 usbi Treasury Tax
TreasuryTax
0
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000717806
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
UNITED SECURITY BANCSHARES INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
193000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1522000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
49561000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2337000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-10948000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
375667
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
23191000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
15607000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
559000
us-gaap Equipment Expense
EquipmentExpense
564000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
17026000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2924000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4000
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
3801000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6023622 shares
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
865000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
913000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4300000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
279000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
340000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
6252000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5147000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
9223000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">1. GENERAL</font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The accompanying unaudited interim condensed consolidated financial statements include the accounts of United Security Bancshares, Inc. (&#x201C;USBI&#x201D;) and its subsidiaries (collectively, the &#x201C;Company&#x201D;). USBI is the parent holding company of First United Security Bank (the &#x201C;Bank&#x201D; or &#x201C;FUSB&#x201D;). The Bank operates a finance company, Acceptance Loan Company, Inc. (&#x201C;ALC&#x201D;). All significant intercompany transactions and accounts have been eliminated.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The unaudited interim condensed consolidated financial statements, in the opinion of management, reflect all adjustments necessary for a fair presentation of consolidated financial position, results of operations and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. The results of operations for any interim period are not necessarily indicative of results expected for the fiscal year ending December&#xA0;31, 2013. While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (&#x201C;SEC&#x201D;), management believes that the disclosures herein are adequate to make the information presented not misleading. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in USBI&#x2019;s Annual Report on Form 10-K for the year ended December&#xA0;31, 2012. The accounting policies followed by the Company are set forth in Note 2, &#x201C;Summary of Significant Accounting Policies,&#x201D; of the Notes to Consolidated Financial Statements in USBI&#x2019;s Annual Report on Form 10-K for the year ended December&#xA0;31, 2012. In preparing the unaudited interim condensed consolidated financial statements, management evaluated subsequent events through the date on which the unaudited interim condensed consolidated financial statements were issued.</font></p> </div>
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-704000
us-gaap Net Income Loss
NetIncomeLoss
2068000
us-gaap Noninterest Income
NoninterestIncome
2851000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-256000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11130000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1148000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20077000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
362000
us-gaap Noninterest Income Other
NoninterestIncomeOther
1424000
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1509242
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14941000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-59000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15500000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
486000
us-gaap Interest Paid Net
InterestPaidNet
1653000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
856000
us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
0.999 pure
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1419000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1704000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-22835000
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-182000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80000
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
80000
us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
235807
us-gaap Noninterest Expense
NoninterestExpense
14868000
us-gaap Occupancy Net
OccupancyNet
961000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
33298000
us-gaap Depreciation
Depreciation
340000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2924000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1841000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7977000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
364000
us-gaap Interest Expense
InterestExpense
1526000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
114000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1022000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
994000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8320000
usbi Loans Transferred To Other Real Estate
LoansTransferredToOtherRealEstate
1998000
usbi Number Of Portfolio Segments
NumberOfPortfolioSegments
8 Segment
usbi Change In Troubled Debt Increase Decrease
ChangeInTroubledDebtIncreaseDecrease
-3965000
usbi Conversion Claim And Again Ordered Graves Automotive To Re Plead Its Fraud Claims
ConversionClaimAndAgainOrderedGravesAutomotiveToRePleadItsFraudClaims
P60D
usbi Interest Income From External Customers
InterestIncomeFromExternalCustomers
17026000
usbi Maximum Period For Recording Adjustments To Loan Losses
MaximumPeriodForRecordingAdjustmentsToLoanLosses
P60D
usbi Minimum Modified Loan Term Period
MinimumModifiedLoanTermPeriod
P6M
usbi Non Financial Assets Measured On Recurring Basis
NonFinancialAssetsMeasuredOnRecurringBasis
0
usbi Non Financial Liabilities Measured On Recurring Basis
NonFinancialLiabilitiesMeasuredOnRecurringBasis
0
usbi Number Of Years Cumulative Loss Position
NumberOfYearsCumulativeLossPosition
P3Y
usbi Number Of Years Future Taxable Income Projected
NumberOfYearsFutureTaxableIncomeProjected
P5Y
usbi Other Real Estate Assets Acquired Through Foreclosure Sold
OtherRealEstateAssetsAcquiredThroughForeclosureSold
-1841000
usbi Other Real Estate Gross Gains
OtherRealEstateGrossGains
-72000
usbi Other Real Estate Gross Losses
OtherRealEstateGrossLosses
776000
usbi Other Real Estate Net Income Loss
OtherRealEstateNetIncomeLoss
704000
usbi Other Real Estate Transfer From Loans
OtherRealEstateTransferFromLoans
1998000
usbi Trouble Debt Restructuring Modified Period Term
TroubleDebtRestructuringModifiedPeriodTerm
P6M
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
175000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2522000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33253000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
174000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
5161000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
17966000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2683000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4886000
us-gaap Equipment Expense
EquipmentExpense
653000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19758000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-227000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
115000
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
1054000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6017410 shares
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
341000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
360000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
8028000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22004000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1170000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-460000
us-gaap Net Income Loss
NetIncomeLoss
133000
us-gaap Noninterest Income
NoninterestIncome
2605000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1444000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19410000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1231000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
82000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-227000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1633000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7479000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
475000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
22911000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2864000
us-gaap Noninterest Income Other
NoninterestIncomeOther
1033000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14438000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17121000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
607000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-84000
us-gaap Interest Paid Net
InterestPaidNet
2853000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-360000
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1792000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
342000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-19803000
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-19642000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
289000
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
289000
us-gaap Noninterest Expense
NoninterestExpense
17270000
us-gaap Occupancy Net
OccupancyNet
928000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
8258000
us-gaap Depreciation
Depreciation
360000
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
58000
us-gaap Interest Expense
InterestExpense
2637000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-24000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
205000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-77000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8161000
usbi Loans Transferred To Other Real Estate
LoansTransferredToOtherRealEstate
3187000
usbi Interest Income From External Customers
InterestIncomeFromExternalCustomers
19758000
usbi Other Real Estate Assets Acquired Through Foreclosure Sold
OtherRealEstateAssetsAcquiredThroughForeclosureSold
-1635000
usbi Other Real Estate Gross Gains
OtherRealEstateGrossGains
-36000
usbi Other Real Estate Gross Losses
OtherRealEstateGrossLosses
496000
usbi Other Real Estate Net Income Loss
OtherRealEstateNetIncomeLoss
460000
usbi Other Real Estate Transfer From Loans
OtherRealEstateTransferFromLoans
3188000
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
54220000
CY2012 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
407043
CY2012 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2529000
CY2012 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
2582000
CY2012 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2012 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3582596
CY2012 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
310265
CY2012 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
747536
CY2012Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1147000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.23
CY2012Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
8883000
CY2012Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
468000
CY2012Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2607000
CY2012Q2 us-gaap Equipment Expense
EquipmentExpense
343000
CY2012Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9748000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1994000
CY2012Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
30000
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6017732 shares
CY2012Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
222000
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
180000
CY2012Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-266000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
1371000
CY2012Q2 us-gaap Noninterest Income
NoninterestIncome
1331000
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2012Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
603000
CY2012Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
30000
CY2012Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
506000
CY2012Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8103000
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8571000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
623000
CY2012Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
865000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
410000
CY2012Q2 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
75000
CY2012Q2 us-gaap Noninterest Expense
NoninterestExpense
7440000
CY2012Q2 us-gaap Occupancy Net
OccupancyNet
480000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1994000
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2012Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3714000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1781000
CY2012Q2 us-gaap Interest Expense
InterestExpense
1177000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
246000
CY2012Q2 usbi Interest Income From External Customers
InterestIncomeFromExternalCustomers
9748000
CY2013Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
735000
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2013Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
7697000
CY2013Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
53000
CY2013Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2005000
CY2013Q2 us-gaap Equipment Expense
EquipmentExpense
281000
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8432000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1694000
CY2013Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
2000
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6023622 shares
CY2013Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
169000
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
175000
CY2013Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-260000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
1182000
CY2013Q2 us-gaap Noninterest Income
NoninterestIncome
1228000
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2013Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
558000
CY2013Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
165000
CY2013Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
501000
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7642000
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7695000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
512000
CY2013Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
735000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1172000
CY2013Q2 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
40000
CY2013Q2 us-gaap Noninterest Expense
NoninterestExpense
7176000
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
500000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1694000
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3965000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10000
CY2013Q2 us-gaap Interest Expense
InterestExpense
737000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-703000
CY2013Q2 usbi Interest Income From External Customers
InterestIncomeFromExternalCustomers
8432000

Files In Submission

Name View Source Status
0001193125-13-333931-index-headers.html Edgar Link pending
0001193125-13-333931-index.html Edgar Link pending
0001193125-13-333931.txt Edgar Link pending
0001193125-13-333931-xbrl.zip Edgar Link pending
d541742d10q.htm Edgar Link pending
d541742dex311.htm Edgar Link pending
d541742dex312.htm Edgar Link pending
d541742dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R1.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R10.xml Edgar Link unprocessable
R11.htm Edgar Link pending
R11.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R12.xml Edgar Link unprocessable
R13.htm Edgar Link pending
R13.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R14.xml Edgar Link unprocessable
R15.htm Edgar Link pending
R15.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R16.xml Edgar Link unprocessable
R17.htm Edgar Link pending
R17.xml Edgar Link unprocessable
R18.htm Edgar Link pending
R18.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R19.xml Edgar Link unprocessable
R2.htm Edgar Link pending
R2.xml Edgar Link unprocessable
R20.htm Edgar Link pending
R20.xml Edgar Link unprocessable
R21.htm Edgar Link pending
R21.xml Edgar Link unprocessable
R22.htm Edgar Link pending
R22.xml Edgar Link unprocessable
R23.htm Edgar Link pending
R23.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R24.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R25.xml Edgar Link unprocessable
R26.htm Edgar Link pending
R26.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R27.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R28.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R29.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R3.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R30.xml Edgar Link unprocessable
R31.htm Edgar Link pending
R31.xml Edgar Link unprocessable
R32.htm Edgar Link pending
R32.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R33.xml Edgar Link unprocessable
R34.htm Edgar Link pending
R34.xml Edgar Link unprocessable
R35.htm Edgar Link pending
R35.xml Edgar Link unprocessable
R36.htm Edgar Link pending
R36.xml Edgar Link unprocessable
R37.htm Edgar Link pending
R37.xml Edgar Link unprocessable
R38.htm Edgar Link pending
R38.xml Edgar Link unprocessable
R39.htm Edgar Link pending
R39.xml Edgar Link unprocessable
R4.htm Edgar Link pending
R4.xml Edgar Link unprocessable
R40.htm Edgar Link pending
R40.xml Edgar Link unprocessable
R41.htm Edgar Link pending
R41.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R42.xml Edgar Link unprocessable
R43.htm Edgar Link pending
R43.xml Edgar Link unprocessable
R44.htm Edgar Link pending
R44.xml Edgar Link unprocessable
R45.htm Edgar Link pending
R45.xml Edgar Link unprocessable
R46.htm Edgar Link pending
R46.xml Edgar Link unprocessable
R47.htm Edgar Link pending
R47.xml Edgar Link unprocessable
R48.htm Edgar Link pending
R48.xml Edgar Link unprocessable
R49.htm Edgar Link pending
R49.xml Edgar Link unprocessable
R5.htm Edgar Link pending
R5.xml Edgar Link unprocessable
R50.htm Edgar Link pending
R50.xml Edgar Link unprocessable
R51.htm Edgar Link pending
R51.xml Edgar Link unprocessable
R52.htm Edgar Link pending
R52.xml Edgar Link unprocessable
R53.htm Edgar Link pending
R53.xml Edgar Link unprocessable
R54.htm Edgar Link pending
R54.xml Edgar Link unprocessable
R55.htm Edgar Link pending
R55.xml Edgar Link unprocessable
R56.htm Edgar Link pending
R56.xml Edgar Link unprocessable
R57.htm Edgar Link pending
R57.xml Edgar Link unprocessable
R58.htm Edgar Link pending
R58.xml Edgar Link unprocessable
R59.htm Edgar Link pending
R59.xml Edgar Link unprocessable
R6.htm Edgar Link pending
R6.xml Edgar Link unprocessable
R60.htm Edgar Link pending
R60.xml Edgar Link unprocessable
R61.htm Edgar Link pending
R61.xml Edgar Link unprocessable
R62.htm Edgar Link pending
R62.xml Edgar Link unprocessable
R7.htm Edgar Link pending
R7.xml Edgar Link unprocessable
R8.htm Edgar Link pending
R8.xml Edgar Link unprocessable
R9.htm Edgar Link pending
R9.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending
usbi-20130630.xml Edgar Link completed
usbi-20130630.xsd Edgar Link pending
usbi-20130630_cal.xml Edgar Link unprocessable
usbi-20130630_def.xml Edgar Link unprocessable
usbi-20130630_lab.xml Edgar Link unprocessable
usbi-20130630_pre.xml Edgar Link unprocessable