United Security Bancshares(UBFO) - 2024 Q2 - Quarterly Results

Dennis Woods, President and Chief Executive Officer, stated, "We have largely completed the migration of all of our computers and servers to offsite data warehouses to provide 24/7 security from hackers and power interruptions. Also, during these moves, we have significantly increased our IT capacity which will provide for continued new growth. We are very pleased with the new pickup in loan growth, while at the same time being able to maintain our 4.28% net interest margin. Now we are just waiting on the F ...