{"schema_version":"secwatch.filing_event.v1","accession":"0001137547-24-000069","form_type":"8-K","ticker":null,"cik":"0001137547","company_name":"UNITED SECURITY BANCSHARES","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.420775+00:00","generated_at":"2026-06-03T18:09:05.737573+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"United Security Bancshares reports Q1 net income of $4.2M ($0.24 EPS), down 32% YoY","bullets":["Net income $4.2M ($0.24 diluted EPS) vs $6.1M ($0.36) in Q1 2023; revenue (net interest income) down 9.5% to $11.7M.","Net interest margin dipped to 4.35% from 4.51%; cost of funds rose to 1.73% from 0.83%.","Deposits fell 4.8% to $955.9M; noninterest-bearing deposits dropped 12.4% to $353.2M.","Provision for credit losses was $173K (vs $493K reversal a year ago); NPL ratio 1.35%.","ROAE 13.51% (vs 22.05%); dividend declared at $0.12/share; Tier 1 leverage ratio 12.47%."],"urls":{"canonical":"https://secwatch.observer/filing/0001137547-24-000069","json":"https://secwatch.observer/filing/0001137547-24-000069.json","markdown":"https://secwatch.observer/filing/0001137547-24-000069.md","text":"https://secwatch.observer/filing/0001137547-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1137547/000113754724000069/0001137547-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1137547/000113754724000069/ubfo-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T18:09:05.737573+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29c82e1ea85e61643e8848f51c6a8facf6a65991","claim":"UNITED SECURITY BANCSHARES reported the quarter ended March 31, 2024 results: net income $4.2 million, EPS $0.24 per basic and diluted share.","evidence_excerpt":"The Company reported net income of $4.2 million, or $0.24 per basic and diluted share, for the quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1137547/000113754724000069/0001137547-24-000069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$4.2 million"},{"label":"EPS","value":"$0.24 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}