united security bank

Kenneth L. Donahue, William M. Yarbenet, David L. Eytcheson Richard B. Shupe, Dennis R. Woods

published on October 18, 2017 - 4:45 PM
Written by The Business Journal Staff

United Security Bancshares, parent company of Fresno’s United Security Bank, reported net income of $2.74 million, or 16 cents per common share, for the third quarter.

That’s up from $2.04 million, or 12 cents per common share, for the same period of 2016.

Year to date, United Security Bank reported net income of $7 million, up 20 percent from the same period last year.

Dennis Woods, president and CEO, stated: “We are pleased to report another solid quarter of earnings, building upon what has so far been a successful 2017.”

As of Sept. 30, United Security Bank total assets stood at $843.5 million, up from $787.97 million on Dec. 31, 2016.

United Security Bank operates 11 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Oakhurst, San Joaquin, and Taft.

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