v2.4.0.6
Consolidated Statements Of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME:    
Interest and fees on loans $ 37,063,641 $ 38,085,738
Interest on investment securities:    
Taxable 4,244,925 5,796,245
Tax-exempt 936,546 883,398
Other interest and dividends 100,914 62,374
Total interest income 42,346,026 44,827,755
INTEREST EXPENSE:    
Interest on deposits 6,260,341 7,600,004
Interest on short-term borrowings 6,841 5,139
Interest on long-term debt 751,277 2,467,519
Total interest expense 7,018,459 10,072,662
NET INTEREST INCOME 35,327,567 34,755,093
PROVISION FOR LOAN LOSSES 18,802,128 19,130,555
Net interest income after provision for loan losses 16,525,439 15,624,538
NON-INTEREST INCOME:    
Service and other charges on deposit accounts 2,888,237 3,061,114
Credit life insurance income 923,564 939,464
Investment securities gains, net 2,549,963 256,635
Other income 2,366,049 5,908,837
Total non-interest income 8,727,813 10,166,050
NON-INTEREST EXPENSE:    
Salaries and employee benefits 14,491,123 13,765,585
Occupancy expense 1,921,514 1,859,674
Furniture and equipment expense 1,282,676 1,259,852
Impairment on other real estate 6,389,774 3,537,982
Impairment of goodwill 4,097,773  
Loss on sale of other real estate 1,606,902 1,675,074
Other expense 10,497,508 10,024,249
Total non-interest expense 40,287,270 32,122,416
LOSS BEFORE INCOME TAXES (15,034,018) (6,331,828)
BENEFIT FROM INCOME TAXES (5,958,308) (3,025,753)
NET LOSS (9,075,710) (3,306,075)
Less: Net Loss Attributable to Noncontrolling Interest (763) (125,294)
NET LOSS ATTRIBUTABLE TO USBI $ (9,074,947) $ (3,180,781)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 6,011,520 6,013,944
BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO USBI PER SHARE $ (1.51) $ (0.53)
DIVIDENDS PER SHARE $ 0.04 $ 0.44