XML 74 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9
Net Income Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income Per Share

3.

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding.  Included in basic shares are certain shares that have been accrued as of the balance sheet date as deferred compensation for members of USBI’s Board of Directors.  Diluted net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding, adjusted for the effect of potentially dilutive stock awards outstanding during the period.  The dilutive shares are comprised of nonqualified stock option grants issued to employees and members of USBI’s Board of Directors pursuant to the United Security Bancshares, Inc. 2013 Incentive Plan (the “2013 Incentive Plan”) previously approved by USBI’s shareholders.  The following table reflects weighted average shares used to calculate basic and diluted net income per share for the periods presented.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

 

2014

 

Basic shares

 

 

6,134,808

 

 

 

6,121,375

 

Dilutive shares

 

 

177,050

 

 

 

10,750

 

Diluted shares

 

 

6,311,858

 

 

 

6,132,125

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands, Except Per Share Data)

 

Net income

 

$

836

 

 

$

774

 

Basic net income per share

 

$

0.14

 

 

$

0.13

 

Diluted net income per share

 

$

0.13

 

 

$

0.13