Company profile

Ticker
FUSB
Exchange
CEO
James F. House
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
United Security Bancshares Inc
SEC CIK
IRS number
630843362

FUSB stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 May 20
12 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 10.4M 10.83M 11.03M 10.92M
Net income 847K 1.21M 1.12M 1.01M
Diluted EPS 0.13 0.18 0.16 0.15
Net profit margin 8.15% 11.17% 10.14% 9.20%
Net change in cash -909K 21.6M -9.42M -15.19M
Cash on hand 56.12M 57.03M 35.44M 44.86M
Cost of revenue 91K 90K 77K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 43.59M 800K 31.1M 30.16M
Net income 4.57M 2.49M -411K 1.22M
Diluted EPS 0.67 0.37 -0.07 0.19
Net profit margin 10.48% 311% -1.32% 4.06%
Net change in cash 7.43M 22.48M 3.59M -20.54M
Cash on hand 57.03M 49.6M 27.12M 23.53M
Cost of revenue 310K 492K 369K

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Andrew C Bearden JR Phantom Stock Units Common Stock Grant Aquire A No 6.9 743.78 5.13K 22,645.89
30 Jun 20 Robert S Briggs Phantom Stock Units Common Stock Grant Aquire A No 6.9 1,010.28 6.97K 9,508.88
30 Jun 20 Sheri S Cook Phantom Stock Units Common Stock Grant Aquire A No 6.9 167.31 1.15K 2,537.45
30 Jun 20 John C Gordon Phantom Stock Units Common Stock Grant Aquire A No 6.9 546.39 3.77K 16,828.71
30 Jun 20 David Peter Hale Phantom Stock Units Common Stock Grant Aquire A No 6.9 669.79 4.62K 5,471.81
17.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 27 28 -3.6%
Opened positions 3 1 +200.0%
Closed positions 4 0 NEW
Increased positions 6 7 -14.3%
Reduced positions 8 7 +14.3%
13F shares
Current Prev Q Change
Total value 6.57M 12.23M -46.3%
Total shares 1.07M 1.05M +1.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 163.04K $1M -0.1%
Gendell Jeffrey L 156.76K $963K +16.2%
RF Regions Financial 138.94K $853K 0.0%
Blair William & Co 115.5K $709K -8.0%
Context BH Capital Management 97.27K $597K -6.3%
Wellington Management 82.04K $503K +3.4%
Vanguard 79.62K $489K 0.0%
Sheaff Brock Investment Advisors 53.42K $328K 0.0%
Kennedy Capital Management 36.73K $225K 0.0%
Dimensional Fund Advisors 27.19K $167K +1.6%
Largest transactions
Shares Bought/sold Change
Gendell Jeffrey L 156.76K +21.89K +16.2%
Greenleaf Trust 20K +20K NEW
Hayek Kallen Investment Management 0 -17.5K EXIT
Bridgeway Capital Management 11.47K +11.47K NEW
Blair William & Co 115.5K -10K -8.0%
Context BH Capital Management 97.27K -6.49K -6.3%
DB Deutsche Bank 58 -5.15K -98.9%
BLK BlackRock 22.71K -3.03K -11.8%
BAC Bank of America 3.04K +2.97K +4575.4%
Wellington Management 82.04K +2.67K +3.4%

Financial report summary

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Risks
  • We may be required to increase our allowance for loan losses as a result of a recent change to an accounting standard.
  • The banking industry is highly competitive, which could result in loss of market share and adversely affect our business.
  • We are subject to extensive governmental regulation, and the costs of complying with such regulation could have an adverse impact on our operations.
  • We are subject to laws regarding the privacy, information security and protection of personal information, and any violation of these laws or unauthorized disclosure of such information could damage our reputation and otherwise adversely affect our operations and financial condition.
  • Our FDIC deposit insurance premiums and assessments may increase and thereby adversely affect our financial results.
  • We may not be able to maintain consistent growth, earnings or profitability.
  • Rapid and significant changes in market interest rates may adversely affect our performance.
  • The performance of our investment portfolio is subject to fluctuations due to changes in interest rates and market conditions.
  • Changes in the policies of monetary authorities and other government action could adversely affect our profitability.
  • Uncertainty relating to the LIBOR calculation process and potential phasing out of LIBOR may adversely affect our results of operations.
  • We cannot guarantee that we will pay dividends in the future.
  • Bancshares’ liquidity is subject to various regulatory restrictions applicable to its subsidiaries.
  • Technological changes in the banking and financial services industries may negatively impact our results of operations and our ability to compete.
  • Our information systems may experience a failure or interruption.
  • We depend on outside third parties for the processing and handling of our records and data, which exposes us to additional risk for cybersecurity breaches and regulatory action.
  • Securities issued by us, including our common stock, are not insured.
  • Future issuances of additional securities by us could result in dilution of your ownership.
  • We intend to engage in acquisitions of other banking institutions from time to time. These acquisitions may not produce revenue or earnings enhancements or cost savings at levels, or within time frames, originally anticipated and may result in unforeseen integration difficulties.
  • Our common stock price could be volatile, which could result in losses for individual shareholders.
  • Our performance and results of operations depend in part on the soundness of other financial institutions.
  • Liquidity risks could affect our operations and jeopardize our financial condition.
Management Discussion
  • The Company earned net income of $0.8 million, or $0.13 per diluted common share, during the three months ended March 31, 2020, compared to $1.2 million, or $0.18 per diluted common share, for the three months ended March 31, 2019.
  • Summarized condensed consolidated statements of operations are included below for the three-month periods ended March 31, 2020 and 2019, respectively.
  • Net interest income decreased $0.3 million comparing the first quarter of 2020 to the first quarter of 2019, primarily due to reduction in loan yields, partially offset by reduction in interest rates on interest-bearing liabilities.  The Company’s average loan balance for the first quarter of 2020 was approximately $36.1 million higher than for the first quarter of 2019; however, average annualized yield on loans decreased to 7.07% during the first quarter of 2020, compared to 7.66% during the first quarter of 2019. The decrease in loan yields is consistent with the interest rate environment comparing the two periods, as interest-bearing assets repriced faster than interest-bearing liabilities. The average interest rate on interest-bearing liabilities totaled 1.04% for the first quarter of 2020, compared to 1.12% for the first quarter of 2019. As a result of the interest rate environment, net interest margin decreased 20 basis points to 4.97% for the quarter ended March 31, 2020, compared to 5.17% for the quarter ended March 31, 2019.
Content analysis ?
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