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