XML 61 R27.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Fair Value Measurements and Disclosure (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value of Financial Instruments | The table below is a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized at the periods indicated:
September 30, 2015
(in 000's) | Carrying Amount |  | Estimated Fair Value |  | Quoted Prices In Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 116,388 |  |  | $ | 116,388 |  |  | $ | 116,388 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits | 1,526 |  |  | 1,526 |  |  | — |  |  | 1,526 |  |  | — |
Investment securities | 34,423 |  |  | 34,423 |  |  | 3,847 |  |  | 30,576 |  |  | — |
Loans | 504,273 |  |  | 516,769 |  |  | — |  |  | — |  |  | 516,769 |
Accrued interest receivable | 2,172 |  |  | 2,172 |  |  | — |  |  | 2,172 |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing | 258,678 |  |  | 258,678 |  |  | 258,678 |  |  | — |  |  | — |
NOW and money market | 221,917 |  |  | 221,917 |  |  | 221,917 |  |  | — |  |  | — |
Savings | 64,865 |  |  | 64,865 |  |  | 64,865 |  |  | — |  |  | — |
Time deposits | 71,175 |  |  | 71,170 |  |  | — |  |  | — |  |  | 71,170 |
Total deposits | 616,635 |  |  | 616,630 |  |  | 545,460 |  |  |  |  |  | 71,170 |
Junior subordinated debt | 7,880 |  |  | 7,880 |  |  | — |  |  | — |  |  | 7,880 |
Accrued interest payable | 30 |  |  | 30 |  |  | — |  |  | 30 |  |  | — |
December 31, 2014
(in 000's) | Carrying Amount |  | Estimated Fair Value |  | Quoted Prices In Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 103,577 |  |  | $ | 103,577 |  |  | $ | 103,577 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits | 1,522 |  |  | 1,522 |  |  | — |  |  | 1,522 |  |  | — |
Investment securities | 48,301 |  |  | 48,301 |  |  | 3,823 |  |  | 44,478 |  |  | — |
Loans | 446,824 |  |  | 441,186 |  |  | — |  |  | — |  |  | 441,186 |
Accrued interest receivable | 1,927 |  |  | 1,927 |  |  | — |  |  | 1,927 |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing | 215,439 |  |  | 215,439 |  |  | 215,439 |  |  | — |  |  | — |
NOW and money market | 211,290 |  |  | 211,290 |  |  | 211,290 |  |  | — |  |  | — |
Savings | 60,499 |  |  | 60,499 |  |  | 60,499 |  |  | — |  |  | — |
Time deposits | 78,145 |  |  | 78,239 |  |  | — |  |  | — |  |  | 78,239 |
Total deposits | 565,373 |  |  | 565,467 |  |  | 487,228 |  |  | — |  |  | 78,239 |
Junior subordinated debt | 10,115 |  |  | 10,115 |  |  | — |  |  | — |  |  | 10,115 |
Accrued interest payable | 40 |  |  | 40 |  |  | — |  |  | 40 |  |  | — |
Description of the Valuation Technique, Unobservable Input, and Qualitative Information about the Unobservable Inputs for the Company's Assets and Liabilities Classified as Level 3 and Measured at Fair Value on a Recurring Basis | The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at September 30, 2015 and 2014:
September 30, 2015 |  | December 31, 2014
Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average |  | Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average
Junior Subordinated Debt | Discounted cash flow | Discount Rate | 6.9% |  | Junior Subordinated Debt | Discounted cash flow | Discount Rate | 6.87%
Assets and Liabilities Measured at Fair Value on Recurring and Non-recurring Basis | The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of September 30, 2015 (in 000’s):
Description of Assets | September 30, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
AFS Securities (2): |  |  |  |  |  |  |
U.S. Government agencies | $ | 10,602 |  |  | $ | — |  |  | $ | 10,602 |  |  | $ | — |
U.S. Government collateralized mortgage obligations | 19,974 |  |  | — |  |  | 19,974 |  |  | — |
Mutual Funds | 3,847 |  |  | 3,847 |  |  | — |  |  | — |
Total AFS securities | $ | 34,423 |  |  | $ | 3,847 |  |  | $ | 30,576 |  |  | $ | — |
Impaired loans (1): |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |
Real estate mortgage | — |  |  | — |  |  | — |  |  | — |
RE construction & development | — |  |  | — |  |  | — |  |  | — |
Agricultural | — |  |  | — |  |  | — |  |  | — |
Installment/Other | — |  |  | — |  |  | — |  |  | — |
Total impaired loans | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other real estate owned (1) | — |  |  | — |  |  | — |  |  | — |
Total | $ | 34,423 |  |  | $ | 3,847 |  |  | $ | 30,576 |  |  | $ | — |
Description of Liabilities | September 30, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Junior subordinated debt (2) | $ | 7,880 |  |  | — |  |  | — |  |  | $ | 7,880 |
Total | $ | 7,880 |  |  | — |  |  | — |  |  | $ | 7,880 |
(1)Nonrecurring (2)Recurring The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of December 31, 2014 (in 000’s):
Description of Assets | December 31, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
AFS Securities (2): |  |  |  |  |  |  |
U.S. Government agencies | $ | 12,496 |  |  | $ | — |  |  | $ | 12,496 |  |  | $ | — |
U.S. Government collateralized mortgage obligations | 31,982 |  |  | — |  |  | 31,982 |  |  | — |
Mutual Funds | 3,823 |  |  | 3,823 |  |  | — |  |  | — |
Total AFS securities | 48,301 |  |  | 3,823 |  |  | 44,478 |  |  | $ | — |
Impaired Loans (1): |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |
Real estate mortgage | 42 |  |  | — |  |  | — |  |  | 42 |
RE construction & development | — |  |  | — |  |  | — |  |  | — |
Agricultural | — |  |  | — |  |  | — |  |  | — |
Installment/Other | — |  |  | — |  |  | — |  |  | — |
Total impaired loans | $ | 42 |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |
Other real estate owned (1) | — |  |  | — |  |  | — |  |  | — |
Total | $ | 48,343 |  |  | $ | 3,823 |  |  | $ | 44,478 |  |  | $ | 42 |
Description of Liabilities | December 31, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Junior subordinated debt (2) | $ | 10,115 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,115 |
Total | $ | 10,115 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,115 |
(1)Nonrecurring (2)Recurring
Fair Value Inputs, Assets, Quantitative Information | The following table presents quantitative information about Level 3 fair value measurements for the Company's assets measured at fair value on a non-recurring basis at December 31, 2014. The Company had no assets measured at fair value on a non-recurring basis at September 30, 2015 (in 000's).
December 31, 2014
Financial Instrument | Fair Value | Valuation Technique | Unobservable Input | Range, Weighted Average
Impaired Loans: |  |  |  |
Real estate mortgage | 42 |  | Sales Comparison Approach | Adjustment for difference between comparable sales | 1%-16%, 13.2%
Significant Unobservable Inputs (Level 3) on a Recurring Basis | The following tables provide a reconciliation of assets and liabilities at fair value using significant unobservable inputs (Level 3) on a recurring basis during the nine months ended September 30, 2015 and 2014 (in 000’s):
| Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015 |  | Three Months Ended September 30, 2014 |  | Nine Months Ended September 30, 2014
Reconciliation of Liabilities: | Junior Subordinated Debt |  | Junior Subordinated Debt |  | Junior Subordinated Debt |  | Junior Subordinated Debt
Beginning balance | $ | 10,238 |  |  | $ | 10,115 |  |  | $ | 11,532 |  |  | $ | 11,125 |
Total gains (losses) included in earnings | 148 |  |  | 346 |  |  | 95 |  |  | (34 | )
Canceled debt | (1,122 | ) |  | (1,122 | ) |  | — |  |  | — |
Capitalized interest | (1,384 | ) |  | (1,459 | ) |  | (1,390 | ) |  | (1,112 | )
Ending balance | $ | 7,880 |  |  | $ | 7,880 |  |  | $ | 10,047 |  |  | $ | 10,047 |
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date | $ | 148 |  |  | $ | 267 |  |  | $ | 95 |  |  | $ | (34 | )

X
- Definition Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liabilities. + References No definition available. + Details
Name: | ubfo_ReconciliationOfAssetsAndLiabilitiesAtFairValueUsingSignificantUnobservableInputsLevel3OnRecurringBasisTableTextBlock
Namespace Prefix: | ubfo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration