In the Q4, United Security Bancshares's corporate clients experienced a reduction by -0.41 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 27.49 %. During the corresponding time, United Security Bancshares saw a revenue deteriorated by -4.13 % year on year, sequentially revenue fell by -94.32 %. While revenue at the United Security Bancshares's corporate clients fell by -4.98 % year on year, sequentially revenue fell by -5.84 %.
Customers of United Security Bancshares saw their costs of revenue decrease by -0.41 % in Q4 compare to a year ago, sequentially costs of revenue grew by 27.49 %, for the same period United Security Bancshares revnue deteriorated by -4.13 % year on year, sequentially revenue fell by -94.32 %.
United Security Bancshares's Comment on Sales, Marketing and Customers
The Bank serves commercial customers and account holders primarily in Fresno, Madera, Santa Clara, and Kern counties in California. Its services include loan and deposit products such as collateralized and uncollateralized lines of credit. Additional offerings include online and mobile banking, safe deposit boxes, wire transfers, interactive teller machine (ITM) services, payroll direct deposit, cashier’s checks, and cash management services. The Bank does not have a trust department but arranges trust services through correspondent banks. It competes with commercial banks, savings and loan associations, money market funds, credit unions, and other financial institutions in its markets. The Bank holds a deposit market share ranking of 9th in Fresno County (4.75%), 10th in Madera County (3.31%), 14th in Kern County (0.73%), and 42nd in Santa Clara County (0.01%), with an overall ranking of 17th and a 0.56% deposit market share across these counties.
United Security Bancshares’s Comment on Sales, Marketing and Customers
The Bank serves commercial customers and account holders primarily in Fresno, Madera, Santa Clara, and Kern counties in California. Its services include loan and deposit products such as collateralized and uncollateralized lines of credit. Additional offerings include online and mobile banking, safe deposit boxes, wire transfers, interactive teller machine (ITM) services, payroll direct deposit, cashier’s checks, and cash management services. The Bank does not have a trust department but arranges trust services through correspondent banks. It competes with commercial banks, savings and loan associations, money market funds, credit unions, and other financial institutions in its markets. The Bank holds a deposit market share ranking of 9th in Fresno County (4.75%), 10th in Madera County (3.31%), 14th in Kern County (0.73%), and 42nd in Santa Clara County (0.01%), with an overall ranking of 17th and a 0.56% deposit market share across these counties.
Sources:
United Security Bancshares’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: United Security Bancshares’s corporate clients.
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