FORM 12b-25

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

Part I - Registrant Information

United Security Bancshares

Full Name of Registrant

 

Former Name if Applicable

2126 Inyo Street

Address of Principal Executive Office (Street and Number)

Fresno, CA 93721

City, State and Zip Code

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.(Check box if appropriate.)

Part III - Narrative

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Although management of United Security Bancshares (the "Company"), has been working diligently to complete all the required information for its annual report on Form 10-K for the fiscal year ended December 31, 2010, and a substantial part of such information has been completed as of this date, the Company and its auditors require additional time to complete the preparation of the Company's financial statements for the fiscal year ended December 31, 2010 and other related disclosures in the Form 10-K.

The Form 10-K will be filed as soon as possible (and no later than the fifteenth calendar day following the prescribed due date).

Part IV - Other Information

1. Name and telephone number of person to contact in regard to this notification

   Richard B. Shupe	(559)	248-5087
   (Name)	(Area Code)	(Telephone Number)

2. Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?

   Yes

   √

   No

   If answer is no, identify report(s).

    

3. Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

   Yes

   √

   No

   If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

   At present, the Company's best reasonable estimate is that it will report an after-tax net loss of approximately $4.4 million for the year ended December 31, 2010 as compared to an after-tax net loss of $4.5 million for the year ended December 31, 2009. The after-tax net loss of approximately $4.4 million for the year ended December 31, 2010 compares to after-tax net income of $1.4 million for the nine months ended September 30, 2010, and the previously released after-tax net loss of $2.9 million for the year ended December 31, 2010 announced in our press release of March 3, 2011. The difference in the December 31, 2010 results previously released in our press release of March 3, 2011 and the estimated net loss of $4.1 million for 2010 includes additional pre-tax provisions for loan losses of approximately $2.6 million. The largest factor contributing to the increased provision was the protracted nature of the economic downturn and its impact on real estate values in California. Assuming no further adjustments, at December 31, 2010 the Company's subsidiary United Security Bank had a total risk-based capital ratio of 15.58%, a Tier 1 capital ratio of 14.35% and a leverage ratio of 11.04%. The Bank's capital is above well-capitalized levels. The Company itself had a total risk-based capital ratio of 16.17%, a Tier 1 capital ratio of 14.90% and a leverage ratio of 11.05% as of December 31, 2010.