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United Security Bancshares, Inc. (Parent Company Only) Financial Information (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
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| Summary of Statements of Condition |
Statements
of Condition
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Year-Ended
December 31, |
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2013 |
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2012 |
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(Dollars in Thousands) |
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ASSETS:
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Cash on deposit
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$ |
73 |
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$ |
83 |
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Investment in
subsidiaries
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70,557 |
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69,113 |
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TOTAL ASSETS
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$ |
70,630 |
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$ |
69,196 |
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LIABILITIES:
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Other
liabilities
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$ |
535 |
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$ |
549 |
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SHAREHOLDERS’
EQUITY
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70,095 |
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68,647 |
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TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY
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$ |
70,630 |
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$ |
69,196 |
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| Statements of Income |
Statements
of Income
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Year-Ended
December 31, |
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2013 |
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2012 |
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(Dollars in
Thousands) |
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INCOME:
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Dividend income, First
United Security Bank
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$ |
200 |
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$ |
— |
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Other Income
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6 |
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— |
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Total income
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$ |
206 |
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$ |
— |
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EXPENSE:
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334 |
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383 |
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LOSS BEFORE EQUITY IN
UNDISTRIBUTED INCOME OF SUBSIDIARIES
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(128 |
) |
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(383 |
) |
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EQUITY IN UNDISTRIBUTED
INCOME OF SUBSIDIARIES
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4,055 |
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2,578 |
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NET INCOME
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$ |
3,927 |
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$ |
2,195 |
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| Statements of Cash Flows |
Statements
of Cash Flows
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Year-Ended December 31, |
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2013 |
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2012 |
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(Dollars in Thousands) |
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CASH FLOWS FROM OPERATING
ACTIVITIES:
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Net income
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$ |
3,927 |
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$ |
2,195 |
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Adjustments to reconcile
net income to net cash provided by operating activities:
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Distributions in excess of
undistributed income (loss) of subsidiaries
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(4,055 |
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(2,578 |
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Decrease in other
assets
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131 |
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110 |
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(Increase) decrease in
other liabilities
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(13 |
) |
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65 |
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DECREASE IN CASH
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(10 |
) |
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(208 |
) |
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CASH AT BEGINNING OF
YEAR
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83 |
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291 |
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CASH AT END OF
YEAR
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$ |
73 |
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$ |
83 |
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