United Security Bancshares (NASDAQ: UBFO) is a community banking company that operates through its subsidiary United Security Bank, providing commercial and consumer lending and deposit services. It earns revenue primarily from interest income on loans and investment securities, supplemented by noninterest income from customer service fees, bank-owned life insurance proceeds, and other fee-based services. As of December 31, 2025, total gross loans stood at $915.4 million, with a loan portfolio spanning commercial and industrial, real estate mortgage, real estate construction and development, agricultural, and installment and student loan categories. The allowance for credit losses totaled $14.8 million as of December 31, 2025. Non-performing assets fell to $13.9 million (1.12% of total assets) at December 31, 2025, from $17.2 million (1.42%) at December 31, 2024. Dennis R. Woods has served as President and CEO since 1993. The company pays common stock dividends and reported net income of $14.8 million for FY2025.

Revenue model

Net interest income from loans and investment securities, plus noninterest income from customer service fees, bank-owned life insurance cash surrender value increases and proceeds, and gains or losses on junior subordinated debentures (TruPS).

Products and services

Commercial and industrial loans, real estate mortgage loans, real estate construction and development loans, agricultural loans, installment and student loans, deposit accounts, customer service fee products, bank-owned life insurance, and Trust Preferred Securities (USB Capital Trust II, $15 million issued July 2007 with $6.0 million remaining outstanding as of FY2025).

Customers and end markets

Commercial borrowers, agricultural borrowers, real estate developers and mortgage borrowers, individual consumer and student loan borrowers, and deposit customers. Student loan portfolio totaled $27.1 million principal across 569 loans as of December 31, 2025.

Value-chain role

Community bank and direct lender. Accepts deposits and deploys capital into loans and investment securities. Subject to Federal Reserve Board, OFAC, CRA, and federal information security regulation.

Geographic exposure

United States community banking market. Specific geographic footprint not detailed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-26

Industry: National Commercial Banks Peers: CB Financial Services Inc Centric Financial Corp First United Corp PNC Financial Services Group Inc