United Security Bancshares Inc. (Nasdaq:USBI) reported net income attributable to USBI of $904,000, or $0.15 per diluted share, for the second quarter ended June 30, 2011, compared with a net loss of $348,000, or ($0.06) per diluted share, for the same period of 2010. Net interest income increased 2.0% to $8.8 million in the second quarter of 2011, compared with $8.7 million in the second quarter of 2010. Net interest margin rose to 6.17% in the second quarter of 2011, a 44 basis point improvement from 5.73% in the second quarter of 2010.
United Security Bancshares, Inc. operates as the holding company for First United Security Bank, which provides commercial banking products and services to businesses and individuals.
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