<PAGE>
FORM 10-QSB
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
--- EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1995
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OR
(___) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ________________ to _____________________
Commission File No. 000-18561
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UNITED SECURITY BANCORPORATION
Washington 91-1259511
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
N. 9506 Newport Highway, Spokane, WA 99218-1200
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (509) 467-6949
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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES X NO
--- ---
The issuer has one class of capital stock, that being common stock. On May 12,
1995, there were 2,604,880 shares of such stock outstanding.
-1-
<PAGE>
PART II
OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
27. Financial Data Schedules
(b) Reports on Form 8-K
None
-18-
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UNITED SECURITY BANCORPORATION AND SUBSIDIARIES
SIGNATURES
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 thereunto duly authorized.
UNITED SECURITY BANCORPORATION
William C. Dashiell
-----------------------------------
William C. Dashiell, President
and Chief Executive Officer
Date: May 10, 1995 Jacqueline A. Barnard
-------------------------------- -----------------------------------
Jacqueline A. Barnard,
Assistant Vice President and
Secretary/Treasurer
(Principal financial Officer,
duly authorized to sign on
behalf of registrant)
-19-
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheets and consolidated statements of income found on
pages 3 through 6 of the Company's Form 10-Q for the year-to-date, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
<CASH> 7,317
<INT-BEARING-DEPOSITS> 128,939
<FED-FUNDS-SOLD> 1,119
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 22,637
<INVESTMENTS-CARRYING> 60
<INVESTMENTS-MARKET> 60
<LOANS> 126,050
<ALLOWANCE> 1,363
<TOTAL-ASSETS> 167,871
<DEPOSITS> 150,523
<SHORT-TERM> 1,660
<LIABILITIES-OTHER> 1,502
<LONG-TERM> 1,272
<COMMON> 10,250
0
0
<OTHER-SE> 2,665
<TOTAL-LIABILITIES-AND-EQUITY> 167,871
<INTEREST-LOAN> 3,337
<INTEREST-INVEST> 339
<INTEREST-OTHER> 95
<INTEREST-TOTAL> 3,771
<INTEREST-DEPOSIT> 1,650
<INTEREST-EXPENSE> 1,687
<INTEREST-INCOME-NET> 2,084
<LOAN-LOSSES> 142
<SECURITIES-GAINS> 12
<EXPENSE-OTHER> 1,709
<INCOME-PRETAX> 903
<INCOME-PRE-EXTRAORDINARY> 542
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 542
<EPS-PRIMARY> .34
<EPS-DILUTED> .34
<YIELD-ACTUAL> 1.37
<LOANS-NON> 504
<LOANS-PAST> 466
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 1,246
<CHARGE-OFFS> 27
<RECOVERIES> 2
<ALLOWANCE-CLOSE> 1,362
<ALLOWANCE-DOMESTIC> 142
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
