United Security reports slight profit increase in 2nd quarter

United Security Bancshares reported a profit of $2.06 million, or 13 cents per share, for the three-month quarter that ended June 30. That’s up from $2.05 million or 13 cents per share for the second quarter of 2014.

The Fresno-based parent company of United Security Bank attributed the slight increase to growth in loans and deposits as well as improving credit quality. Through the first six months of the year, the company’s net income was almost $3.3 million or 21 cents per share, up about $335,000 from the first half of 2014.

As of June 30, the bank’s assets were $682.3 million. That includes a loan portfolio amounting to $504.1 million, up from $422.2 million a year ago.

This story was originally published July 16, 2015 at 3:45 PM with the headline "United Security reports slight profit increase in 2nd quarter."