XML 72 R10.htm IDEA: XBRL DOCUMENT v3.3.0.814
Net Income Per Share
 9 Months Ended
Sep. 30, 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 consist 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic shares

 

 

6,139,148

 

 

 

6,129,380

 

 

 

6,137,207

 

 

 

6,125,291

 

Dilutive shares

 

 

177,050

 

 

 

83,400

 

 

 

177,050

 

 

 

83,400

 

Diluted shares

 

 

6,316,198

 

 

 

6,212,780

 

 

 

6,314,257

 

 

 

6,208,691

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands, Except Per Share Data)

 

Net income

 

$

544

 

 

$

837

 

 

$

2,154

 

 

$

2,829

 

Basic net income per share

 

$

0.09

 

 

$

0.14

 

 

$

0.35

 

 

$

0.46

 

Diluted net income per share

 

$

0.09

 

 

$

0.13

 

 

$

0.34

 

 

$

0.46