United Security Bancshares, the Fresno-based parent company of United Security Bank, reported net income of just more than $2 million for the third quarter of 2016, or 12 cents per share.
In its earnings statement Tuesday, the company reported that the third-quarter results were up from about $1.9 million or 11 cents per share for the same period of 2015.
The company reported gains in income from interest as well as growth in its loan portfolio compared to last year.
Through the first nine months of the year, the company’s profit was about $5.8 million or 35 cents per share, up from 2015 when the figures were about $5.2 million or 31 cents per share.
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United Security’s stock is traded on Nasdaq under the symbol UBFO. Shares closed Wednesday at $6.15 per share, down 0.81 percent from Tuesday’s close and level to Monday’s closing price before the earnings announcement.