Total non-interest income was $1.2 million in the second quarter of 2013, compared with $1.3 million in the second quarter of 2012. The decline in non-interest income was due to lower service charges, credit life insurance income and other income, all compared with the second quarter of 2012.Total non-interest expense declined 3.5% to $7.2 million in the second quarter of 2013, compared with $7.4 million in the second quarter of 2012. The decline in non-interest expense was due primarily to lower other expense, compared with the second quarter of 2012. Total OREO related expenses were $425,000 in the second quarter of 2013, which marked the second lowest quarter of OREO expenses in over two years. OREO totaled $12.4 million at June 30, 2013, an 18% decline from $15.0 million at June 30, 2012, representing the fourth consecutive quarterly decrease in OREO.
United Security Bancshares, Inc. Reports Second Quarter Results
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