2014 Q1 Form 10-Q Financial Statement

#000113754714000016 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $5.788M $5.731M
YoY Change 0.99%
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 $330.0K $230.0K
YoY Change 43.48% -39.47%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $323.0K $471.0K
YoY Change -31.42%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.434M $1.715M
YoY Change -16.38% 15.1%
Income Tax $526.0K $640.0K
% Of Pretax Income 36.68% 37.32%
Net Earnings $908.0K $1.075M
YoY Change -15.53% 2.38%
Net Earnings / Revenue 15.69% 18.76%
Basic Earnings Per Share $0.06 $0.07
Diluted Earnings Per Share $0.06 $0.07
COMMON SHARES
Basic Shares Outstanding 15.55M shares 14.94M shares
Diluted Shares Outstanding 15.56M shares 14.94M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $136.6M $136.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $12.01M $12.00M
YoY Change 0.06% -5.51%
Goodwill $4.488M
YoY Change
Intangibles $16.00K
YoY Change
Long-Term Investments $4.500M $4.300M
YoY Change 4.65% 230.77%
Other Assets $11.80M $10.00M
YoY Change 18.0% -12.28%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $662.9M $636.5M
YoY Change 4.15% 2.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $5.600M
YoY Change 1.79% 3.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.700M $5.600M
YoY Change 1.79% 3.7%
LONG-TERM LIABILITIES
Long-Term Debt $11.50M $10.70M
YoY Change 7.48% 11.46%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $11.50M $10.70M
YoY Change 7.48% 11.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.700M $5.600M
Total Long-Term Liabilities $11.50M $10.70M
Total Liabilities $585.5M $566.1M
YoY Change 3.42% 1.02%
SHAREHOLDERS EQUITY
Retained Earnings $30.94M
YoY Change
Common Stock $46.64M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.44M $70.47M
YoY Change
Total Liabilities & Shareholders Equity $662.9M $636.5M
YoY Change 4.15% 2.02%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $908.0K $1.075M
YoY Change -15.53% 2.38%
Depreciation, Depletion And Amortization $330.0K $230.0K
YoY Change 43.48% -39.47%
Cash From Operating Activities $2.101M -$104.0K
YoY Change -2120.19% -104.62%
INVESTING ACTIVITIES
Capital Expenditures $215.0K -$51.00K
YoY Change -521.57% -85.0%
Acquisitions
YoY Change
Other Investing Activities -$26.28M $8.400M
YoY Change -412.86% -37.27%
Cash From Investing Activities -$26.50M $8.395M
YoY Change -415.65% -35.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $25.79M -$13.47M
YoY Change -291.51% -53.56%
NET CHANGE
Cash From Operating Activities $2.101M -$104.0K
Cash From Investing Activities -$26.50M $8.395M
Cash From Financing Activities $25.79M -$13.47M
Net Change In Cash $1.395M -$5.177M
YoY Change -126.95% -62.21%
FREE CASH FLOW
Cash From Operating Activities $2.101M -$104.0K
Capital Expenditures $215.0K -$51.00K
Free Cash Flow $1.886M -$53.00K
YoY Change -3658.49% -102.05%

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CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-35000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-837000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
666000 USD
CY2013Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6000 USD
CY2014Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2000 USD
CY2013Q1 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
-10600000 USD
CY2014Q1 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
23923000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
186000 USD
CY2013Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-2868000 USD
CY2013Q1 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-37000 USD
CY2014Q1 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
218000 USD
CY2013Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5466000 USD
CY2014Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5475000 USD
CY2013Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
328172000 USD
CY2014Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
331780000 USD
CY2014Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1516000 USD
CY2013Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1515000 USD
CY2013Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
411000 USD
CY2014Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
262000 USD
CY2014Q1 us-gaap Interest Expense Loans From Other Federal Home Loan Banks
InterestExpenseLoansFromOtherFederalHomeLoanBanks
61000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1434000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
640000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
526000 USD
CY2013Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2014Q1 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
more than 50 percent
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-431000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-89000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-53000 USD
CY2014Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
1870000 USD
CY2013Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
60000 USD
CY2014Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
41000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62000 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16000 USD
CY2014Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4504000 USD
CY2013Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4550000 USD
CY2013Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5731000 USD
CY2014Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5788000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
471000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
323000 USD
CY2013Q1 us-gaap Interest Expense Loans From Other Federal Home Loan Banks
InterestExpenseLoansFromOtherFederalHomeLoanBanks
60000 USD
CY2013Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
65000 USD
CY2014Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5512000 USD
CY2013Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5269000 USD
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5465000 USD
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5260000 USD
CY2014Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
83000 USD
CY2013Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
198000 USD
CY2014Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
228000 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
264000 USD
CY2013Q1 us-gaap Interest Paid
InterestPaid
465000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
44000 USD
CY2014Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
42000 USD
CY2013Q4 us-gaap Interest Receivable
InterestReceivable
1644000 USD
CY2014Q1 us-gaap Interest Receivable
InterestReceivable
1591000 USD
CY2014Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4531000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4534000 USD
CY2014Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2526000 USD
CY2013Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2361000 USD
CY2014Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
127000 USD
CY2013Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
128000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10988000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11084000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
411945000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
395317000 USD
CY2013Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
214317000 USD
CY2013Q1 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
58000 USD
CY2013Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
160000 USD
CY2014Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
141000 USD
CY2014Q1 us-gaap Occupancy Net
OccupancyNet
873000 USD
CY2013Q1 us-gaap Occupancy Net
OccupancyNet
905000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
5932000 USD
CY2014Q1 us-gaap Other Assets
OtherAssets
5495000 USD
CY2014Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
0 USD
CY2013Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3889000 USD
CY2013Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
8000 USD
CY2013Q1 us-gaap Noninterest Income
NoninterestIncome
519000 USD
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
717000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
585469000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
559386000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
635929000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
662909000 USD
CY2014Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11532000 USD
CY2013Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11125000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
400339000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
384025000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25793000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13468000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26499000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8395000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-104000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2101000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
908000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
1075000 USD
us-gaap Net Income Loss
NetIncomeLoss
6194000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
908000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1075000 USD
CY2014Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
236502000 USD
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
4073000 USD
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
4795000 USD
CY2014Q1 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
56000 USD
CY2013Q4 us-gaap Notes Receivable Net
NotesReceivableNet
62776000 USD
CY2014Q1 us-gaap Notes Receivable Net
NotesReceivableNet
59685000 USD
CY2014Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-20000 USD
CY2013Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-55000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-153000 USD
CY2014Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
6000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-91000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-33000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-55000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-20000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
19000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-19000 USD
CY2013Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-931000 USD
CY2014Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
17001000 USD
CY2013Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
0 USD
CY2014Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
70000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
16000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-110000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-49000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-44000 USD
CY2014Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
2000 USD
CY2013Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
2000 USD
CY2013Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
611000 USD
CY2014Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
506000 USD
CY2014Q1 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
14462000 USD
CY2013Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
13946000 USD
CY2013Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-242000 USD
CY2014Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
0 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
10192000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
-51000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3855000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2013Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-2000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12122000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12007000 USD
CY2013Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-9000 USD
CY2014Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-47000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30939000 USD
CY2014Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-1000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
3318000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 USD
CY2013Q1 us-gaap Professional Fees
ProfessionalFees
445000 USD
CY2014Q1 us-gaap Professional Fees
ProfessionalFees
180000 USD
CY2013Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9000 USD
CY2014Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
47000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30884000 USD
CY2013Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
54661000 USD
CY2014Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
28241000 USD
CY2013Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
28825000 USD
CY2013Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2014Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14954938 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14944408 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14942421 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14947834 shares
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 USD
CY2013Q1 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 USD
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
77440000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
76543000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
69441000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
70465000 USD
CY2014Q1 us-gaap Subordinated Debt
SubordinatedDebt
11532000 USD
CY2013Q4 us-gaap Subordinated Debt
SubordinatedDebt
11125000 USD
CY2013Q1 ubfo Amortizationof Investment Securities
AmortizationofInvestmentSecurities
8000 USD
CY2014Q1 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
57115000 USD
CY2013Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-304000 USD
CY2014Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-522000 USD
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7104 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1987 shares
CY2014Q1 ubfo Adjustment Related To Fair Value Calculations Net Of Tax
AdjustmentRelatedToFairValueCalculationsNetOfTax
-203000 USD
CY2013Q1 ubfo Adjustment Related To Fair Value Calculations Net Of Tax
AdjustmentRelatedToFairValueCalculationsNetOfTax
-328000 USD
CY2014Q1 ubfo Amortizationof Investment Securities
AmortizationofInvestmentSecurities
47000 USD
CY2014Q1 ubfo Amount Transferred From Retained Earnings To Common Stocks Based On Closing Price On Declaration Date
AmountTransferredFromRetainedEarningsToCommonStocksBasedOnClosingPriceOnDeclarationDate
853000 USD
CY2013Q4 ubfo Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments Balance
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInInvestmentsBalance
270000 USD
CY2014Q1 ubfo Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments Balance
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInInvestmentsBalance
241000 USD
CY2013Q4 ubfo Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments Balance
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestmentsBalance
348000 USD
CY2014Q1 ubfo Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments Balance
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestmentsBalance
347000 USD
CY2013Q4 ubfo Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
78000 USD
CY2014Q1 ubfo Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
106000 USD
CY2014Q1 ubfo Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
825000 USD
CY2013Q4 ubfo Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
875000 USD
CY2014Q1 ubfo Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
347000 USD
CY2013Q4 ubfo Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
348000 USD
CY2014Q1 ubfo Closing Price Of Common Stock On Declaration Date
ClosingPriceOfCommonStockOnDeclarationDate
5.71
CY2014Q1 ubfo Common Stock Dividend Rate Declared
CommonStockDividendRateDeclared
0.01
CY2013Q1 ubfo Correspondent Bank Service Charges
CorrespondentBankServiceCharges
76000 USD
CY2014Q1 ubfo Financing Receivable Modification Allowance For Loan Losses
FinancingReceivableModificationAllowanceForLoanLosses
697000 USD
CY2013Q1 ubfo Financing Receivable Modification Allowance For Loan Losses
FinancingReceivableModificationAllowanceForLoanLosses
613000 USD
CY2014Q1 ubfo Financing Receivable Modifications Additions
FinancingReceivableModificationsAdditions
0 USD
CY2013Q1 ubfo Financing Receivable Modifications Additions
FinancingReceivableModificationsAdditions
729000 USD
CY2014Q1 ubfo Financing Receivable Modifications Defaults
FinancingReceivableModificationsDefaults
611000 USD
CY2014Q1 ubfo Correspondent Bank Service Charges
CorrespondentBankServiceCharges
29000 USD
CY2014Q1 ubfo Due From Frb Interest Bearing Cash
DueFromFrbInterestBearingCash
116458000 USD
CY2013Q4 ubfo Due From Frb Interest Bearing Cash
DueFromFrbInterestBearingCash
115019000 USD
CY2013Q1 ubfo Gain Loss On Fair Value Of Financial Instruments Net Pretax
GainLossOnFairValueOfFinancialInstrumentsNetPretax
-557000 USD
CY2014Q1 ubfo Gain On Fair Value Option Of Financial Liability
GainOnFairValueOptionOfFinancialLiability
-345000 USD
CY2014Q1 ubfo Interest Bearing Deposit Brokered
InterestBearingDepositBrokered
13656000 USD
CY2013Q4 ubfo Interest Bearing Deposit Brokered
InterestBearingDepositBrokered
11500000 USD
CY2014Q1 ubfo Loans Receivables Real Estate Mortgage Fair Value Disclosure
LoansReceivablesRealEstateMortgageFairValueDisclosure
602000 USD
CY2013Q4 ubfo Loans Receivables Real Estate Mortgage Fair Value Disclosure
LoansReceivablesRealEstateMortgageFairValueDisclosure
1388000 USD
CY2014Q1 ubfo Loans Transferred To Foreclosed Assets
LoansTransferredToForeclosedAssets
516000 USD
CY2013Q1 ubfo Loans Transferred To Foreclosed Assets
LoansTransferredToForeclosedAssets
437000 USD
CY2013Q1 ubfo Financing Receivable Modifications Defaults
FinancingReceivableModificationsDefaults
106000 USD
CY2013Q1 ubfo Financing Receivable Modifications Numberof Contracts During Period2
FinancingReceivableModificationsNumberofContractsDuringPeriod2
11 contract
CY2014Q1 ubfo Financing Receivable Modifications Numberof Contracts During Period2
FinancingReceivableModificationsNumberofContractsDuringPeriod2
0 contract
CY2014Q1 ubfo Gain Loss On Fair Value Of Financial Instruments Net Pretax
GainLossOnFairValueOfFinancialInstrumentsNetPretax
-345000 USD
CY2013Q1 ubfo Gain On Fair Value Option Of Financial Liability
GainOnFairValueOptionOfFinancialLiability
-557000 USD
CY2014Q1 ubfo Loans Receivables Total Impaired Loans Fair Value Disclosure
LoansReceivablesTotalImpairedLoansFairValueDisclosure
602000 USD
CY2013Q4 ubfo Loans Receivables Total Impaired Loans Fair Value Disclosure
LoansReceivablesTotalImpairedLoansFairValueDisclosure
1388000 USD
CY2014Q1 ubfo Number Of General Segments For Segregation Of Portfolio
NumberOfGeneralSegmentsForSegregationOfPortfolio
2 segment
CY2014Q1 ubfo Number Of Loan Portfolio Segment
NumberOfLoanPortfolioSegment
11 segment
CY2014Q1 ubfo Number Of Loans Entity Experienced Losses
NumberOfLoansEntityExperiencedLosses
7 loan
CY2014Q1 ubfo Number Of Monthly Payments To Demonstrate Repayment Ability
NumberOfMonthlyPaymentsToDemonstrateRepaymentAbility
6 payment
CY2014Q1 ubfo Number Of Risk Rating Approaches
NumberOfRiskRatingApproaches
2 rating
CY2014Q1 ubfo Numberof Subsidiaries
NumberofSubsidiaries
2 subsidiary
CY2014Q1 ubfo Percentage Of Stock Dividend Declared On Common Stocks Outstanding
PercentageOfStockDividendDeclaredOnCommonStocksOutstanding
0.01
CY2013Q1 ubfo Percentage Of Stock Dividend Declared On Common Stocks Outstanding
PercentageOfStockDividendDeclaredOnCommonStocksOutstanding
0.01
CY2014Q1 ubfo Period Of Default Minimum
PeriodOfDefaultMinimum
P90D
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001137547
CY2014Q1 ubfo Number Of Restructured Loans
NumberOfRestructuredLoans
29 loan
CY2013Q4 ubfo Number Of Restructured Loans
NumberOfRestructuredLoans
35 loan
CY2013Q1 ubfo Principal Paymentsof Availablefor Sale Securities
PrincipalPaymentsofAvailableforSaleSecurities
0 USD
CY2014Q1 ubfo Principal Paymentsof Availablefor Sale Securities
PrincipalPaymentsofAvailableforSaleSecurities
980000 USD
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
14947834 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
UNITED SECURITY BANCSHARES

Files In Submission

Name View Source Status
0001137547-14-000016-index-headers.html Edgar Link pending
0001137547-14-000016-index.html Edgar Link pending
0001137547-14-000016.txt Edgar Link pending
0001137547-14-000016-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
ubfo-20140331.xml Edgar Link completed
ubfo-20140331.xsd Edgar Link pending
ubfo-20140331_cal.xml Edgar Link unprocessable
ubfo-20140331_def.xml Edgar Link unprocessable
ubfo-20140331_lab.xml Edgar Link unprocessable
ubfo-20140331_pre.xml Edgar Link unprocessable
ubfo-2014331x10q.htm Edgar Link pending
ubfo-ex311_2014331xq1.htm Edgar Link pending
ubfo-ex312_2014331xq1.htm Edgar Link pending
ubfo-ex321_2014331xq1.htm Edgar Link pending
ubfo-ex322_2014331xq1.htm Edgar Link pending