United Security Bancshares, the Fresno-based parent of United Security Bank, reported an income of $2.021 million, or $0.12 per share, during the second quarter of 2016. It’s just short of the $2.063 million, or $0.13 per share, of the same quarter in 2015.
“We have experienced exceptional growth in our loan portfolio during the first half of the year while maintaining strong liquidity and capital levels,” said Dennis R. Woods, president and chief executive officer. “We look forward to continuing this momentum in the second half of the year.”
Over the first six months of 2016, United Security Bancshares brought in $3.79 million, which is a 15.16 percent – or $499,000 – improvement compared to the first two quarters of last year.
United Security Banshares is traded under the stock symbol UBFO on the Nasdaq stock exchange. The company’s stock was $6.135 when the market closed on Friday, a slight increase from $6.10 on Thursday.