UBFO UNITED SECURITY BANCSHARES
FY2024 10-K
UNITED SECURITY BANCSHARES (UBFO) filed its fiscal year 2024 10-K annual report with the SEC on Mar 20, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: Commercial banking focused on California markets with branch network, lending, and real estate owned management
- • York Monterey Properties segment managing foreclosed real estate parcels in Monterey County, funded $1.055M since inception, highlighted this year
Management Discussion & Analysis
- • Revenue noninterest income $4.7M, down 15.4% YoY from $5.6M; decline mainly from TRUPs fair value loss of $614K vs gain $274K prior year
- • Noninterest expense $28.3M, up 9% YoY from $26.0M; salaries 1.26% avg assets vs 1.14%, professional fees 0.48% vs 0.38%, data processing expense rise noted
Financial SummaryXBRL
Revenue
$3M
Net Income
$15M
Net Margin
506.6%
ROE
11.3%
Total Assets
$1.2B
EPS (Diluted)
$0.86
Operating Cash Flow
$20M
Source: XBRL data from UNITED SECURITY BANCSHARES FY2024 10-K filing on SEC EDGAR. All figures in USD.
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