United Security Bancshares (CA)
0.0 %
20.87 %
Yet to be announced
Company Overview
United Security Bank provides a range of commercial banking services to the business and professional community, and individuals in California. As of January 26, 2022, it operated 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft.
Revenue Sources
Based on the financial data provided, the company operates as a traditional bank with lending being its primary business model. As a conventional bank, its core business involves interest-based lending and borrowing, which is considered haram in Islamic finance.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $13.84m | $3.94m | $11.81m | $3.94m | 85.38% | 100.00% |
| June 30, 2024 | $13.04m | $3.45m | $11.52m | $3.45m | 88.37% | 100.00% |
| March 31, 2024 | $12.77m | $3.17m | $11.71m | $3.17m | 91.75% | 100.00% |
| Dec. 31, 2023 | $14.95m | $3.45m | $11.95m | $3.45m | 79.96% | 100.00% |
Analysis of the last four quarters shows that interest income and expense are central to the company's business model. Interest income consistently represents over 85% of total revenue, while interest expense makes up a significant portion of total expenses. This indicates that interest-based operations are fundamental to the company's business model.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant associations with entities involved in human rights violations.
Login to join the discussion