<SUBMISSION>
<ACCESSION-NUMBER>0001137547-03-000073
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20031117
<ITEMS>7
<ITEMS>9
<FILING-DATE>20031117
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>UNITED SECURITY BANCSHARES
<CIK>0001137547
<ASSIGNED-SIC>6021
<IRS-NUMBER>912112732
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-32897
<FILM-NUMBER>031006919
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1525 E SHAW AVENUE
<CITY>FRESO
<STATE>CA
<ZIP>93710
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1525 E SHAW AVENUE
<CITY>FRESNO
<STATE>CA
<ZIP>93710
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a8-k11172003.htm
<TEXT>
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<HEAD>
<TITLE>Form 8-K</TITLE>
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<H4 ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</H4>
<PRE>
</PRE>
<H3 ALIGN="CENTER">FORM 8-K</H3>
<H4 ALIGN="CENTER">CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</H4>
<PRE>

</PRE>

<table align=center width=640 cellspacing=3 cellpadding=1>
<tr><td ALIGN=CENTER colspan=3>Date of Report: November 17, 2003</td></tr>
<tr><td colspan=3><br></td></tr>
<tr><td align=center colspan=3><b><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UNITED SECURITY BANCSHARES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b><BR>
(Exact name of registrant as specified in its chapter) </td></tr>
<tr><td colspan=3><br></td></tr>
<TR><TD ALIGN=CENTER><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CALIFORNIA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <BR>
(State or other jurisdiction <BR>
of incorporation</TD>
<TD ALIGN="CENTER"><u>&nbsp;&nbsp;&nbsp;&nbsp;000-32897&nbsp;&nbsp;&nbsp;&nbsp;</u> <BR>
(Commission <BR>
File Number)</TD>
<TD ALIGN="CENTER"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91-2112732&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
(IRS Employer <BR>
Identification No.)</TD></TR>
</TABLE>
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</pre>
<table align=center width=640>
<tr><td COLSPAN=2 align=center><U>&nbsp;&nbsp;&nbsp;1525 E. Shaw Ave, Fresno, California  93710&nbsp;&nbsp;&nbsp;</u><br>
(Address of principal executive offices)</td></tr>

<tr><td colspan=2><br></td></tr>
</table>

<table align=center width=640>
<tr><td colspan=2 align=center>Registrant's telephone number:&nbsp;<u>&nbsp;&nbsp;(559)&nbsp;248-4943&nbsp;&nbsp;</u></td></tr>
<tr><td colspan=2><br></td></tr>

</table>
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<p align=center><font size=3>1</font></p>
<HR  SIZE="3" COLOR="#CCEEFF" WIDTH="100%" ALIGN="CENTER">
<BR><BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<b>Item 9. Regulation FD Disclosure.</b></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
On November 14, 2003, United Security Bancshares issued a press release reporting that it will be making an adjustment to the accounting
for certain Investment Certificates of Deposit. A copy of such press release is attached, and incorporated herein by reference as Exhibit 99.1.
</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<b>Item 7. Exhibits.</b></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Exhibits</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1
&nbsp;&nbsp;&nbsp;Press Release dated November 14, 2003</FONT></P>

<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR>

<p align=center><font size=3>2</font></p>
<HR  SIZE="3" COLOR="#CCEEFF" WIDTH="100%" ALIGN="CENTER">





<H3 ALIGN="CENTER">SIGNATURES</H3>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<BR><BR><BR><BR>

<TABLE width=100% CELLSPACING=0 BORDER=0>
<TR>
<TD width=40% align=center VALIGN="top">Date:&nbsp;<u>&nbsp;&nbsp;November 17, 2003&nbsp;&nbsp;</u><P></TD>

<TD width=20%>&nbsp;</td>

<TD width=40% VALIGN="middle">
<P ALIGN="left"><u>&nbsp;&nbsp;/S/&nbsp;&nbsp;Kenneth L. Donahue&nbsp;&nbsp;</u><BR>
Senior Vice President and<BR>
Chief Financial Officer</TD>
</TR>
<TR><TD VALIGN="MIDDLE">
<P>&nbsp; </TD>
<TD VALIGN="MIDDLE">
<P ALIGN="CENTER">&nbsp;<BR></TD>
</TR>
</TABLE>
<BR><BR><BR><BR><BR><BR><BR>

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<DOCUMENT>
<TYPE>EX-99.77Q1
<SEQUENCE>3
<FILENAME>acctgchnge092003.htm
<TEXT>
<HTML>
<head>
<title>United Security Bancshares Press Release November 14, 2003
</title>
</head>
<BODY>

<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<b>Exhibit 99.1</b></FONT></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=4>
<b>United Security Bancshares - Earnings Restatement</b></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FRESNO, CA, November 14,
2003 -- Dennis R. Woods, President and Chief Executive Officer of United
Security Bank <U>http://www.unitedsecuritybank.com/</U> (NasdaqNM: UBFO)
reported today that on November 14, 2003, the Company filed a Form 12b-25 with
the Securities and Exchange Commission notifying of a delay in the filing of the
Company&#146;s 10Q for the period ended September 30, 2003. In addition, the
Company will restate financial information for the year ended December 31, 2002
and will file an amended Form 10-K. The adjustments are the result of a change
in accounting treatment for certain Investment CD&#146;s the Company carries as
assets on its books. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The changes will result in
a decrease in net income for 2002 and an increase in income for 2003. However,
these adjustments will have no permanent affect on income or shareholders
equity. The net cumulative adjustment decreases net income by $342,000 through
9/30/03. This difference will continue to dissipate over the remaining life of
the CDs. Once all CDs have matured, the adjustment reaches zero. Generally, the
affect of the adjustments reduces income and equity in 2002 and increases income
and equity thereafter until the certificates mature. Tax rate changes, tax law
changes or selling the CD&#146;s prior to maturity could result in other
differences, but none of these events is anticipated. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>In May of 2002, USB entered
into a Funds Agreement with a broker which provided that USB would agree to
issue FDIC insured certificates of deposit and would invest in one similar
reinvestment CD for every $594,000 (6) certificates issued. From May 2002
through December 2002, USB purchased approximately 100 of these reinvestment
CDs. The broker&#146;s business model is based on a rate differential between
the accrual rate utilized by the purchaser of the reinvestment CD (USB) and the
issuing bank. Each depository institution recorded the certificates at present
value utilizing different discount rates with the future value to be equal at
maturity. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Following an examination by
the Federal Reserve Bank of San Francisco (&#147;Fed&#148;), the examiners
contended that USB was accounting for these transactions incorrectly. The Fed
considered the rate differential to be a cost associated with obtaining deposits
to be recognized as interest expense. In an effort to determine the proper
accounting treatment, USB submitted the matter to the Securities and Exchange
Commission (&#147;SEC&#148;) in July 2003. After three conference calls and the
submission of additional details as requested by the SEC, the SEC ruled in favor
of accounting for the CDs in accordance with the methods proposed by the FED. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>In summary, the 2002
restatement resulted in changes to USB&#146;s financial statements for the year
ended December 31, 2002 as follows; Investment CDs were reduced by $775,000 from
$10,224,000 to $9,449,000 with a corresponding decrease in Net Interest Income
from $17,975,000 to $17,200,000. Income tax expense was decreased by
approximately $238,000 to reflect the tax effect of the lower net interest
income and Income. Tax Reserves were increased by the same amount. The change to
Net Income was $538,000 for year 2002. This amount was subtracted from
Shareholders Equity reducing it from $41,099,000 to $40,651,000. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The change in accounting
treatment increases net income for the period ended September 30, 2003. The net
result is to increase year-to-date net income by $196,000. The net impact to
Shareholders&#146; Equity from the 2002 restatement and 2003 adjustments were a
decrease of Shareholders&#146; Equity of $342,000. </FONT></P>

<PRE>
Year to date (dollars in 000's)             12/31/02      9/30/03    Net Change
                                          ---------------------------------------

Net income as reported                          7,371        6,309
Income adjustment                               (538)          196       (342)
                                          ---------------------------------------

Restated net income                             6,833        6,505
                                          =======================================

Income adjusted as a % of restated income       -7.3%         3.1%
                                          =======================================

Weighted average shares outstanding           5,401,000    5,443,000
                                          =======================================

EPS as reported                                  1.36         1.16

Restated EPS                                     1.26         1.20
                                          ---------------------------------------

Decrease in EPS                                 -0.10         0.04       -0.06

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