United Security Bancshares, Inc. (Nasdaq: USBI) today reported net income of $1.2 million, or $0.20 per diluted share, for the second quarter ended June 30, 2013, compared with net income of $1.4 million, or $0.23 per diluted share, for the second quarter of 2012. Net income for the first six months of 2013 rose to $2.1 million, or $0.34 per diluted share, compared with $133,000, or $0.02 per diluted share, for the first six months of 2012. “We are pleased to report our fifth consecutive quarter of positive earnings, continued reductions in non-performing assets and solid growth in our capital ratios,” stated James F. House, President and CEO of United Security Bancshares, Inc. “Our non-performing assets are down 39% from the highs reached last year, and this quarter marked our fourth consecutive quarter of reducing other real estate owned (OREO) and third consecutive quarter of reducing non-performing assets.” “We are making solid progress at strengthening our balance sheet by systematically reducing our problem loans and OREO while building our capital base. We have added to our capital base with earnings over the past five quarters. Our second quarter’s total risk-based capital rose to 19.0% for the holding company and 19.2% for First United Security Bank. Both ratios were more than double the minimum regulatory requirement of 8.0% and significantly above the regulatory requirement of 10.0% for a well-capitalized institution. We are pleased that we maintained our ‘well capitalized’ rating, the highest regulatory rating, throughout the recession and without any assistance from the Federal government.” “We expect our near-term growth prospects to be constrained by weak demand for commercial and real estate loans and increased pricing pressure from other banks in our market. We have taken steps to reduce our problem loans and believe that we are well-positioned to grow assets as loan demand increases in the markets we serve,” continued Mr. House.