United Security Bancshares reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $7,779,000 against $7,071,000 a year ago. Net interest income was $7,384,000 against $6,745,000 a year ago. Income before income tax provision was $2,781,000 against $2,847,000 a year ago. Net income was $1,555,000 against $1,634,000 a year ago. Basic and diluted earnings per common share were $0.09 against $0.10 a year ago. Annualized return on average equity was 6.38% compared to 7.27% a year ago. Annualized return on average assets was 0.79% compared to 0.90% a year ago.

For the year, the company reported total interest income of $29,473,000 against $27,410,000 a year ago. Net interest income was $28,064,000 against $26,129,000 a year ago. Income before income tax provision was $12,254,000 against $11,307,000 a year ago. Net income was $7,385,000 against $6,810,000 a year ago. Basic and diluted earnings per common share were $0.44 against $0.41 a year ago. Annualized return on average equity was 7.86% compared to 7.88% a year ago. Annualized return on average assets was 0.98% compared to 0.98% a year ago. Book value per share as at December 31, 2016 was $5.57 against $5.58 as at December 31, 2015. Tangible book value per share as at December 31, 2016 was $5.50 against $5.30 as at December 31, 2015.

For the quarter, the company reported net charge-offs totaled $2,000, compared to net recoveries of $6,000 in the preceding quarter and net charge-offs of $1,385,000 for the quarter ended December 31, 2015.