United Security Bancshares Management

Management criteria checks 3/4

United Security Bancshares' CEO is Dennis Woods, appointed in Jan 1993, has a tenure of 31.83 years. total yearly compensation is $941.19K, comprised of 71% salary and 29% bonuses, including company stock and options. directly owns 6.62% of the company’s shares, worth €10.57M. The average tenure of the management team and the board of directors is 8.7 years and 7.4 years respectively.

Key information

Dennis Woods

Chief executive officer

US$941.2k

Total compensation

CEO salary percentage	71.0%
CEO tenure	31.8yrs
CEO ownership	6.6%
Management average tenure	8.7yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dennis Woods's remuneration changed compared to United Security Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$18m
Jun 30 2024	n/a	n/a	US$18m
Mar 31 2024	n/a	n/a	US$18m
Dec 31 2023	US$941k	US$668k	US$20m
Sep 30 2023	n/a	n/a	US$20m
Jun 30 2023	n/a	n/a	US$20m
Mar 31 2023	n/a	n/a	US$19m
Dec 31 2022	US$587k	US$605k	US$16m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$11m
Dec 31 2021	US$799k	US$586k	US$10m
Sep 30 2021	n/a	n/a	US$9m
Jun 30 2021	n/a	n/a	US$8m
Mar 31 2021	n/a	n/a	US$8m
Dec 31 2020	US$809k	US$579k	US$9m
Sep 30 2020	n/a	n/a	US$10m
Jun 30 2020	n/a	n/a	US$12m
Mar 31 2020	n/a	n/a	US$14m
Dec 31 2019	US$842k	US$576k	US$15m
Sep 30 2019	n/a	n/a	US$16m
Jun 30 2019	n/a	n/a	US$16m
Mar 31 2019	n/a	n/a	US$15m
Dec 31 2018	US$767k	US$564k	US$14m
Sep 30 2018	n/a	n/a	US$12m
Jun 30 2018	n/a	n/a	US$11m
Mar 31 2018	n/a	n/a	US$10m
Dec 31 2017	US$801k	US$547k	US$9m

Compensation vs Market: Dennis's total compensation ($USD941.19K) is about average for companies of similar size in the German market ($USD782.05K).

Compensation vs Earnings: Dennis's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dennis Woods (76 yo)

31.8yrs

Tenure

US$941,187

Compensation

Mr. Dennis R. Woods, M.D. serves as Chairman of the Board of the Board of United Security Bancshares since June 2001 and also serves as its President and Chief Executive Officer since 1993. Mr. Woods is a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Woods	Chairman of the Board	31.8yrs	US$941.19k	6.62% € 10.6m
David Kinross	Senior VP & CFO	2yrs	US$534.41k	0.60% € 963.2k
William Yarbenet	Senior VP & Chief Credit Officer	11.3yrs	US$508.05k	0.34% € 537.0k
Susan Quigley	Secretary & Independent Director	no data	US$46.76k	0.069% € 110.2k
David Eytcheson	Senior VP & COO	23.4yrs	US$314.52k	0.74% € 1.2m
Dana Paull	VP & Compliance Manager	no data	no data	no data
Ellie Rosenberg	VP & Human Resource Director	no data	no data	no data
Robert Oberg	Senior VP & Chief Risk Officer	6.1yrs	US$394.29k	0.13% € 215.3k
Hiren Patel	VP & Controller	no data	no data	no data
Porsche Saunders	Senior VP & Chief Lending Officer	less than a year	US$192.88k	0.33% € 532.1k

8.7yrs

Average Tenure

66yo

Average Age

Experienced Management: 4QR's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Woods	Chairman of the Board	23.4yrs	US$941.19k	6.62% € 10.6m
Susan Quigley	Secretary & Independent Director	7.8yrs	US$46.76k	0.069% € 110.2k
Robert Bitter	Director Emeritus	6.5yrs	US$36.18k	no data
George Ellithorpe	Independent Director	23.8yrs	US$65.96k	0.99% € 1.6m
Stanley Cavalla	Independent Director	23.8yrs	US$39.07k	3.85% € 6.2m
Ronnie Miller	Director Emeritus	8.2yrs	US$28.10k	no data
Kenneth Newby	Lead Independent Director	10.5yrs	US$48.09k	0.21% € 337.8k
Nabeel Mahmood	Director	7yrs	US$57.23k	0.079% € 125.9k
Brian Tkacz	Independent Director	7yrs	US$43.76k	0.054% € 85.9k
Heather Hammack	Independent Director	3.2yrs	US$44.51k	0.052% € 82.3k
Dora Westerlund	Independent Director	3.2yrs	US$55.91k	0.072% € 115.5k
Jagroop Gill	Independent Director	1.4yrs	US$20.56k	7.06% € 11.3m

7.4yrs

Average Tenure

74.5yo

Average Age

Experienced Board: 4QR's board of directors are considered experienced (7.4 years average tenure).

United Security Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought €1.0m worth of stock

Independent Director recently bought €55k worth of stock

Independent Director recently bought €54k worth of stock

Director recently bought €225k worth of stock

United Security Bancshares Appoints Thomas G. Walker to Board of Directors

Benjamin Mackovak to Retire from the Boards of Directors of United Security Bancshares and United Security Bank

Recent updates

Third quarter 2024 earnings released: EPS: US$0.22 (vs US$0.23 in 3Q 2023)

United Security Bancshares Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Second quarter dividend of US$0.12 announced

Independent Director recently bought €1.0m worth of stock

Second quarter 2024 earnings released: EPS: US$0.25 (vs US$0.26 in 2Q 2023)

First quarter dividend of US$0.12 announced

United Security Bancshares Declares Quarterly Cash Dividend, Payable on July 23, 2024

Independent Director recently bought €55k worth of stock

Independent Director recently bought €54k worth of stock

Full year 2023 earnings released: EPS: US$1.16 (vs US$0.92 in FY 2022)

Fourth quarter dividend of US$0.12 announced

United Security Bancshares Declares Quarterly Cash Dividend, Payable on April 22, 2024

United Security Bancshares Declares Quarterly Cash Dividend, Payable on January 19, 2024

United Security Bancshares announced delayed 10-Q filing

Third quarter 2023 earnings released: EPS: US$0.23 (vs US$0.26 in 3Q 2022)

United Security Bancshares Declares Regular Quarterly Cash Dividend, Payable on October 25, 2023

Director recently bought €225k worth of stock

United Security Bancshares Appoints Thomas G. Walker to Board of Directors

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.20 in 2Q 2022)

Benjamin Mackovak to Retire from the Boards of Directors of United Security Bancshares and United Security Bank

United Security Bancshares Declares Quarterly Cash Dividend, Payable on July 24, 2023

New minor risk - Insider selling

Senior VP & Chief Credit Officer recently sold €61k worth of stock

United Security Bancshares and United Security Bank Appoints Jay Gill as Member of their Respective Boards

Full year 2022 earnings released: EPS: US$0.92 (vs US$0.59 in FY 2021)

Investor sentiment deteriorates as stock falls 16%

United Security Bancshares Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$0.92 (vs US$0.59 in FY 2021)

Upcoming dividend of US$0.11 per share

United Security Bancshares Declares Quarterly Cash Dividend, Payable on January 19, 2023

Third quarter 2022 earnings released: EPS: US$0.26 (vs US$0.15 in 3Q 2021)

United Security Bancshares Announces Net Charge Off for the Third Quarter Ended September 30, 2022

United Security Bancshares and United Security Bank Announce CFO Changes, Effective October 3, 2022

United Security Bancshares Declares Regular Quarterly Cash Dividend, Payable on October 25, 2022

United Security Bancshares and United Security Bank Announces Resignation of Bhavneet Gill as Senior Vice President

Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.16 in 2Q 2021)

United Security Bancshares and United Security Bank Announce Retirement of Michael Woolf from the Boards of Directors

United Security Bancshares Declares Quarterly Cash Dividend, Payable on July 22, 2022

First quarter 2022 earnings released: EPS: US$0.14 (vs US$0.083 in 1Q 2021)

United Security Bancshares, Annual General Meeting, May 18, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently bought €86k worth of stock

Upcoming dividend of US$0.11 per share

Senior VP & COO recently bought €72k worth of stock

Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.13 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.12 in 2Q 2020)

United Security Bancshares Announces Net Charge Off for the Second Quarter Ended June 30, 2021

Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.12 in 2Q 2020)

United Security Bancshares(NasdaqGS:UBFO) dropped from Russell 2000 Defensive Index

First quarter 2021 earnings released: EPS US$0.083 (vs US$0.16 in 1Q 2020)

New 90-day high: €6.53

Full year 2020 earnings released: EPS US$0.53 (vs US$0.90 in FY 2019)

Upcoming Dividend of US$0.11 Per Share

United Security Bancshares and United Security Bank Announce Retirement of Robert Mochizuki from the Boards of Directors, Effective February 1, 2021

New 90-day high: €6.23

New 90-day high: €5.67

Third quarter earnings released

Third quarter earnings released

New 90-day low - €4.87

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure