United Security Bancshares, Inc. · Thomasville, AL United States · (NASDAQ (CM): USBI)
Company Description
More Companies in: Thomasville, Alabama
More Companies in These Related Industries: Commercial Banking
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This link will open in a new window United Security Bancshares (unrelated to the United Security Bancshares in California) is the holding company for First United Security Bank, which has about 20 locations in central and western Alabama and eastern Mississippi. It serves area consumers and businesses, offering such standard retail services as savings, checking, and money market accounts, as well as CDs and credit and check cards. Real estate mortgages make up more than 70% of the bank's loan portfolio, which also includes business and consumer loans. Bank subsidiary Acceptance Loan Company primarily makes consumer loans through about two dozen offices in Alabama and Mississippi. To read the full description, subscribe now.
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Key United Security Bancshares, Inc. Financials
| Company Type | Public - NASDAQ (CM): USBI Headquarters |
| Fiscal Year-End | December |
| 2009 Employees | 290 |
United Security Bancshares, Inc. Executives
23 executives listed for United Security Bancshares, Inc.'s Thomasville, AL location.
| Title | Name & Bio | Contact |
| Chairman, United Security Bancshares and First United Security Bank | Hardie Kimbrough | |
| President, CEO, and Director; President and CEO, First United Security Bank | R. Terry Phillips | |
| Assistant VP, Assistant Treasurer, Principal Financial Officer, and Principal Accounting Officer; EVP and CFO, First United Security Bank | Robert Steen |
Competition
Competitive Landscape for United Security Bancshares, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top United Security Bancshares, Inc. Competitors
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