联合安全银行 2025年季度报告

Commission file number:000-32897UNITED SECURITY BANCSHARES CALIFORNIA(State or other jurisdiction of incorporation or organization) that the registrant was required to submit and post such files).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a small reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ (Title of Class)Shares outstanding as of April30, 2025:17,475,927 Condensed Consolidated Statements of IncomeCondensed Consolidated Statements of Comprehensive Income Increase in accounts payable and accrued liabilities Decrease in income taxes receivable128Gain on marketable equity securities(53) Increase in cash surrender value of bank-owned life insurance(132)(Gain) loss on fair value option of junior subordinated debentures(270)Net (increase) decrease in other assets(2,915)Net cash provided by operating activities3,018Cash Flows From Investing Activities: Investment in limited partnershipsCapital expenditures of premises and equipment Net cash provided by investing activities4,159Cash Flows From Financing Activities:Net decrease in demand deposits and savings accounts(27,617) Net increase in short-term borrowings Net cash used in financing activitiesNet change in cash and cash equivalents Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had noeffect on prior period net income or shareholders’ equity. Following is a comparison of the amortized cost and fair value of securities available-for-sale as of March31, 2025, andDecember31, 2024: (In thousands)Amortized CostGrossUnrealizedGainsGrossUnrealizedLosses U.S. Government agencies$2,666$—$(22)$U.S. Government-sponsored entities and agencies collateralizedby mortgage obligations92,1214(13,244) Total securities available-for-saleNo proceeds or gross realized gains or losses from sales of available-for-sale debt securities were recorded for the quarters endedMarch 31, 2025, and 2024. maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or Corporate bonds Total available-for-sale$6,087$(363)$144,059$(19,474)$150,146$December 31, 2024U.S. Government agencies$—$—$2,644$(22)$2,644$U.S. Government sponsored Corporate bonds2,791(28)24,696(1,400)27,487Total available-for-sale$6,940$(535)$143,884$(21,874)$150,824$ Management has evaluated each available-for-sale investment security in an unrealized loss position to determine if it would be required to sell the security before the fair value increases to amortized cost and whether any unrealized losses are due to credit lossesor noncredit factors such as current market rates, which would not require the establishment of an allowance for credit Total real estate mortgage662,05071.9%666,694Real estate construction and development105,87511.5%111,145Agricultural57,9406.3%49,462Installment and student loans34,1103.7%37,446 Campbell area of Santa Clara County. The Company’s participation loans with other financial institutions are primarily within the stateof California. Commercial and industrial loans are generally made to support the ongoing operations of small- and medium-sized commercialbusinesses. Commercial and industrial loans have a high degree of industry diversification and provide working capital, financing forthe purchase of manufacturing plants and equipment, and funding for growth and general business expansion. A substantial portion ofcommercial and industrial loans are secured by accounts receivable, inventory, leases, or other collateral, including real estate. While •Commercial real estate mortgage loans comprise the largest segment of this loan category and are available on income-producing and commercial properties, including: office buildings and shopping centers, apartments and motels, owner-occupied buildings, manufacturing facilities, and other properties. Commercial real estate mortgage loans can also be operations, rental income associated with the real property, or personal assets. 10 •Home improvement and home equity loans comprise a relatively small portion of total real estate mortgage loans. Homeequity loans are generally secured by junior trust deeds, but may also be secured by 1trust deeds.st acquisition and development, and land held for future development. Loans in this category are secured by real estate includingimproved and unimproved land, as well as single-family residential, multi-family residential, and commercial properties in various from long-term mo