United Security Bancshares Announces Earnings Results for the Fourth Quarter Ended December 31, 2014
January 21, 2015 at 09:23 pm
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United Security Bancshares announced earnings results for the fourth quarter ended December 31, 2014. For the quarter, the company reported net income declined to $1.56 million or $0.10 per share from a $2.95 million profit during the same quarter last year. Net interest income before provision for credit losses during the quarter rose 10.1% year over year to $6.11 million while noninterest income climbed 10.7% from year-ago levels to $1.03 million.
Combined, quarterly revenue was up 13.4% to $7.13 million.
First US Bancshares, Inc. is a bank holding company. The Company operates one banking subsidiary, First US Bank, an Alabama banking corporation (the Bank). The Bank conducts a general commercial banking business and offers banking services, such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank provides a range of commercial banking services to small-and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and conducts this lending in 17 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, and others. It operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, and others. It also has loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area.
FIRST US BANCSHARES, INC. 
