United Security Bancshares (UBFO) 10-Year Financial Performance & Capital Metrics

UBFO • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutUnited Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit. It also provides real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural, installment, and student loans. In addition, the company offers online and mobile banking, safe deposit boxes, wire transfers, payroll direct deposit, cashier's check, cash management, traveler's check, money order, and foreign draft services, as well as interactive teller machines and ATM services. As of January 26, 2022, it operated 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. The company was founded in 1987 and is headquartered in Fresno, California.Show more

Net Interest Income $47M -5.0%
Total Revenue $65M -0.7%
Net Income $15M -25.3%
Return on Equity 11.69% -30.6%
Net Interest Margin 3.87% -5.1%
Efficiency Ratio 43.2% +9.8%
ROA 1.22% -22.6%
Equity / Assets 10.76% +6.3%
Book Value per Share 7.58 +5.9%
Tangible BV/Share 7.32 +6.2%
Debt/Equity 0.11 -81.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 3.9%
✓Efficient operations: 43.2% efficiency ratio
✓Well capitalized: 10.8% equity/assets
✓Healthy dividend yield of 4.8%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.09%

5Y6.86%

3Y16.85%

TTM-

Profit (Net Income) CAGR

10Y9.05%

5Y-0.52%

3Y13.55%

TTM-35.72%

EPS CAGR

10Y9.1%

5Y-0.68%

3Y13.38%

TTM-35.29%

ROCE

10Y Avg13.58%

5Y Avg13.53%

3Y Avg16.44%

Latest13.61%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	593.12M	18.35	83.41	45.45%	2.94%	11.23%	8.39%	0.17
CWBCCommunity West Bancshares	429.58M	22.42	49.82	51.89%	4.67%	6.95%	4%	0.56
GBCIGlacier Bancorp, Inc.	5.98B	45.99	27.38	11.64%	15.27%	6.57%	3.51%	1.18
GBFHGBank Financial Holdings Inc.	465.35M	32.37	23.29	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.76B	69.39	20.05	6.6%	14.57%	10.28%	6.11%	0.45
HFWAHeritage Financial Corporation	809.87M	23.85	19.23	4.64%	13.64%	6.33%	7.54%	0.47
HTBKHeritage Commerce Corp	758.07M	12.36	18.73	3.35%	16.12%	6.19%	4.93%	0.06
NRIMNorthrim BanCorp, Inc.	612.57M	27.73	16.70	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	26.13M	28.06M	31.2M	33.91M	37.39M	32.28M	35.65M	46.06M	49.32M	46.85M
NII Growth %	0.11%	0.07%	0.11%	0.09%	0.1%	-0.14%	0.1%	0.29%	0.07%	-0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	27.41M	29.47M	32.93M	36.62M	41.28M	34.57M	37.73M	49.26M	60.38M	60.75M
Interest Expense	1.28M	1.41M	1.73M	2.7M	3.89M	2.29M	2.08M	3.19M	11.06M	13.9M
Loan Loss Provision	-41K	-21K	24K	-1.76M	20K	2.77M	2.11M	1.8M	1.46M	2.96M
Non-Interest Income+	4.8M	4.51M	4.24M	4.54M	5.7M	5.1M	3.3M	1.75M	5.57M	4.71M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	32.21M	33.99M	37.16M	41.16M	46.98M	39.67M	41.03M	51M	65.95M	65.46M
Revenue Growth %	0.07%	0.06%	0.09%	0.11%	0.14%	-0.16%	0.03%	0.24%	0.29%	-0.01%
Non-Interest Expense	19.66M	20.34M	19.73M	20.87M	21.8M	22.2M	23.53M	23.95M	25.95M	28.28M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	11.31M	12.25M	15.79M	19.37M	21.27M	12.41M	13.31M	22.06M	27.48M	20.32M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.09%	0.08%	0.29%	0.23%	0.1%	-0.42%	0.07%	0.66%	0.25%	-0.26%
Pretax Income+	11.31M	12.25M	15.68M	19.35M	21.27M	12.41M	13.31M	22.06M	27.48M	20.32M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.5M	4.87M	7.04M	5.33M	6.1M	3.45M	3.22M	6.37M	7.68M	5.54M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.81M	7.38M	8.64M	14.02M	15.17M	8.96M	10.1M	15.69M	19.8M	14.78M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	0.08%	0.17%	0.62%	0.08%	-0.41%	0.13%	0.55%	0.26%	-0.25%
Net Income (Continuing)	6.81M	7.38M	8.64M	14.02M	15.17M	8.96M	10.1M	15.69M	19.8M	14.78M
EPS (Diluted)+	0.40	0.44	0.51	0.83	0.89	0.53	0.59	0.92	1.16	0.86
EPS Growth %	0.11%	0.1%	0.16%	0.63%	0.07%	-0.4%	0.11%	0.56%	0.26%	-0.26%
EPS (Basic)	0.40	0.44	0.51	0.83	0.90	0.53	0.59	0.92	1.16	0.86
Diluted Shares Outstanding	16.88M	16.71M	16.9M	16.94M	16.98M	17M	17.03M	17.06M	17.13M	17.2M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	127.28M	113.03M	107.93M	220.34M	219M	294.07M	219.22M	38.59M	40.78M	56.21M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	537.47M	620.18M	640.45M	651.41M	668.73M	732.02M	1.04B	1.18B	1.09B	1.08B
Investments Growth %	0.08%	0.15%	0.03%	0.02%	0.03%	0.09%	0.43%	0.13%	-0.08%	-0.01%
Long-Term Investments	506.58M	562.69M	598.46M	584.99M	592.42M	649.68M	865.94M	974.52M	909.64M	918.24M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.49M	4.49M	4.49M	4.49M	4.49M	4.49M	4.49M	4.49M	4.49M	4.49M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	10.8M	10.45M	10.16M	9.84M	12.74M	11.97M	11.54M	11.75M	10.44M	11.74M
Other Assets	38.16M	31.98M	33.89M	35.47M	40.56M	39.03M	39.7M	40.98M	42.45M	41.14M
Total Current Assets	160.39M	175.07M	156.44M	295.1M	303.51M	384.57M	405.65M	254.63M	229.98M	221.7M
Total Non-Current Assets	565.25M	612.9M	649.39M	637.95M	653.4M	708.08M	925.29M	1.04B	981.07M	990.02M
Total Assets+	725.64M	787.97M	805.84M	933.06M	956.92M	1.09B	1.33B	1.3B	1.21B	1.21B
Asset Growth %	0.09%	0.09%	0.02%	0.16%	0.03%	0.14%	0.22%	-0.02%	-0.07%	0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%	0.01%
Accounts Payable	29K	76K	44K	57K	59K	0	0	0	0	0
Total Debt+	14.18M	14.61M	16.75M	10.15M	14.27M	13.89M	13.89M	12.98M	74.65M	14.73M
Net Debt	-113.1M	-99.07M	-91.19M	-210.18M	-204.72M	-280.18M	-205.32M	-25.62M	33.87M	-41.48M
Long-Term Debt	8.3M	8.83M	9.73M	10.15M	10.81M	10.92M	11.19M	10.88M	11.21M	11.57M
Short-Term Debt	0	0	0	0	0	0	0	0	62M	0
Other Liabilities	0	0	0	7.96M	8.24M	8.3M	8.74M	8.27M	9.38M	9M
Total Current Liabilities	621.83M	676.71M	687.74M	805.7M	818.42M	952.65M	1.19B	1.17B	1.07B	1.06B
Total Non-Current Liabilities	14.18M	14.61M	16.75M	18.12M	22.51M	22.2M	22.63M	21.25M	22.03M	23.73M
Total Liabilities	636.01M	691.32M	704.48M	823.82M	840.93M	974.85M	1.21B	1.19B	1.09B	1.08B
Total Equity+	89.64M	96.65M	101.35M	109.24M	115.99M	117.81M	120.21M	112.46M	122.54M	130.36M
Equity Growth %	0.08%	0.08%	0.05%	0.08%	0.06%	0.02%	0.02%	-0.06%	0.09%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.09%	0.13%	0.13%	0.08%	0.08%	0.13%	0.17%	0.12%
Book Value per Share	5.31	5.78	6.00	6.45	6.83	6.93	7.06	6.59	7.16	7.58
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	52.57M	56.56M	57.88M	58.62M	58.97M	59.4M	59.64M	60.03M	60.59M	61.27M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	37.27M	40.7M	44.18M	49.94M	57.65M	59.14M	61.74M	69.93M	77M	83.45M
Accumulated OCI	-202K	-604K	-710K	674K	-632K	-728K	-1.17M	-17.5M	-15.04M	-14.35M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.26M	9.46M	7.55M	11.34M	16.16M	13.8M	16.55M	23.7M	21.38M	19.64M
Operating CF Growth %	0.03%	0.02%	-0.2%	0.5%	0.42%	-0.15%	0.2%	0.43%	-0.1%	-0.08%
Net Income	6.81M	7.38M	8.64M	14.02M	15.17M	8.96M	10.1M	15.69M	19.8M	14.78M
Depreciation & Amortization	1.46M	1.43M	1.33M	1.35M	1.4M	811K	1.15M	1.93M	2.1M	2.12M
Deferred Taxes	1.71M	2.36M	1.01M	-760K	533K	324K	-521K	-2.36M	-297K	-472K
Other Non-Cash Items	-158K	383K	486K	-1.36M	-1.7M	2.82M	3.26M	4.18M	-474K	2.24M
Working Capital Changes	-589K	-2.13M	-4.02M	-2.65M	408K	455K	2.33M	3.9M	-232K	280K
Cash from Investing+	-41.72M	-77.01M	-20.86M	-12.16M	-22.76M	-65.55M	-319.37M	-174.23M	87.58M	12.95M
Purchase of Investments	-266K	-35.09M	-1.45M	-35.28M	-28.15M	-29.2M	-125.92M	-82.08M	-400K	-1.07M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-57.65M	-48.13M	-29.54M	14.47M	-11.16M	-58.26M	-219.21M	-115.82M	59.05M	-9.15M
Cash from Financing+	54.63M	54.83M	8.2M	113.22M	5.26M	126.82M	227.97M	-30.09M	-106.77M	-17.16M
Dividends Paid	0	0	-2.87M	-4.73M	-7.46M	-7.47M	-7.49M	-7.5M	-7.87M	-8.31M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	6K	6K	0	0	0	0	0	106K	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	0	0	0	0	0	0	0	1000K	-1000K
Other Financing	56.43M	54.83M	11.07M	117.95M	12.72M	134.29M	235.46M	-22.59M	-161.01M	53.15M
Net Change in Cash+	22.17M	-12.72M	-5.1M	112.4M	-1.34M	75.07M	-74.85M	-180.62M	2.19M	15.43M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	103.58M	125.75M	113.03M	107.93M	220.34M	219M	294.07M	219.22M	38.59M	40.78M
Cash at End	125.75M	113.03M	107.93M	220.34M	219M	294.07M	219.22M	38.59M	40.78M	56.21M
Interest Paid	1.24M	1.36M	1.79M	2.69M	0	0	0	3.15M	11.01M	13.9M
Income Taxes Paid	3.08M	1.71M	6.86M	7.06M	0	0	0	6.76M	9.73M	6.45M
Free Cash Flow+	8.54M	8.38M	6.43M	10.32M	15.2M	12.66M	15.3M	21.56M	20.59M	18.6M
FCF Growth %	0.04%	-0.02%	-0.23%	0.61%	0.47%	-0.17%	0.21%	0.41%	-0.05%	-0.1%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.9%	7.93%	8.73%	13.31%	13.47%	7.67%	8.49%	13.48%	16.85%	11.69%
Return on Assets (ROA)	0.98%	0.98%	1.08%	1.61%	1.61%	0.87%	0.83%	1.19%	1.58%	1.22%
Net Interest Margin	3.6%	3.56%	3.87%	3.63%	3.91%	2.95%	2.68%	3.55%	4.07%	3.87%
Efficiency Ratio	61.04%	59.86%	53.09%	50.71%	46.41%	55.96%	57.35%	46.95%	39.36%	43.2%
Equity / Assets	12.35%	12.27%	12.58%	11.71%	12.12%	10.78%	9.03%	8.66%	10.12%	10.76%
Book Value / Share	5.31	5.78	6	6.45	6.83	6.93	7.06	6.59	7.16	7.58
NII Growth	10.64%	7.41%	11.17%	8.69%	10.27%	-13.68%	10.45%	29.2%	7.08%	-5.01%
Dividend Payout	-	-	33.22%	33.76%	49.16%	83.34%	74.16%	47.79%	39.76%	56.19%

Revenue by Segment

	2018	2024
Banking	-	65.46M
Banking Growth	-	-
Financial Service	3.54M	-
Financial Service Growth	-	-

Frequently Asked Questions

Valuation & Price

United Security Bancshares (UBFO) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Security Bancshares (UBFO) saw revenue decline by 0.7% over the past year.

Yes, United Security Bancshares (UBFO) is profitable, generating $11.4M in net income for fiscal year 2024 (22.6% net margin).

Dividend & Returns

Yes, United Security Bancshares (UBFO) pays a dividend with a yield of 4.82%. This makes it attractive for income-focused investors.

United Security Bancshares (UBFO) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics

United Security Bancshares (UBFO) has a net interest margin (NIM) of 3.9%. This indicates healthy earnings from lending activities.

United Security Bancshares (UBFO) has an efficiency ratio of 43.2%. This is excellent, indicating strong cost control.

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