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Section 1: 11-K (11-K 12312015)

11-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 11-K
 
 
(mark one)
 
 
 
 
 
x
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
 
 
 
For the year ended December 31, 2015
 
or
 
 
o
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
For the transition period from            to          
 
Commission file number 333-100078
 
A.        Full title of the plan and the address of the plan, if different from that of the issuer named below:
 
UNITED SECURITY BANK 401K CASH or DEFERRED STOCK OWNERSHIP PLAN
 
B.         Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
United Security Bank
2126 Inyo Street
Fresno, California, 93721







1


United Security Bank 401K Cash or Deferred Stock Ownership Plan
 
Financial Statements and Supplemental Schedule
 
December 31, 2015 and 2014
with Report of Independent Registered Public Accounting Firm

 
Form 11-K
 
Report of Independent Registered Public Accounting Firm
 
3
 
 
 
Financial Statements
 
 
 
 
 
Statements of Net Assets Available for Benefits as of December 31, 2015 and 2014
 
4
 
 
 
Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2015
 
5
 
 
 
Notes to Financial Statements
 
6
 
 
 
Supplemental Schedule
 
 
 
 
 
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
 
12
 
 
 
Signature
 
14
 
 
 
Exhibit Index
 
15
 



2


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We have audited the accompanying statements of net assets available for benefits of United Security Bank 401K Cash or Deferred Stock Ownership Plan (the Plan) as of December 31, 2015 and 2014, and the related statement of changes in net assets available for benefits for the year ended December 31, 2015. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform an audit of the Plan's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2015 and 2014, and the changes in its net assets available for benefits for the year ended December 31, 2015, in conformity with accounting principles generally accepted in the United States of America.

The supplemental information included in Schedule H, line 4(i) - Schedule of Assets (Held at End of Year) has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA. In our opinion, the supplemental information included in Schedule H, line 4(i) - Schedule of Assets (Held at End of Year) is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ Moss Adams LLP
Albuquerque, NM
April 15, 2016




3


United Security Bank
 
 
 
401K Cash or Deferred Stock Ownership Plan
 
 
 
Statements of Net Assets Available for Benefits
 
 
 
December 31, 2015 and 2014
 
 
 
 
2015
 
2014
 
 
 
 
ASSETS
 
 
 
Investments (at fair value):
 
 
 
Interest-bearing cash
$
316,596

 
$
298,239

Common stock of United Security Bancshares
2,274,611

 
2,602,929

Mutual Funds
3,063,010

 
2,802,447

Notes receivable from participants
71,666

 
89,745

Participant contributions receivable

 
12,798

Employer contributions receivable
250,860

 
236,384

 
 
 
 
NET ASSETS AVAILABLE FOR BENEFITS
$
5,976,743

 
$
6,042,542


See notes to financial statements


4



United Security Bank
 
401K Cash or Deferred Stock Ownership Plan
 
Statement of Changes in Net Assets Available for Benefits
 
For the Year Ended December 31, 2015
 
 
 
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
 
Investment income (loss)
 
Net depreciation in fair value of investments
$
(10,731
)
Dividends and interest
6,983

Net investment loss
(3,748)

 
 
Interest income on loans
3,676

 
 
Contributions
 
Participant
440,217

Employer contributions
250,860

 
691,077

Total additions
691,005

 
 
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
 
Benefits paid to participants
(714,900)

Administrative expenses
(41,904)

Total deductions
(756,804)

 
 
CHANGE IN NET ASSETS
(65,799)

 
 
NET ASSETS AVAILABLE FOR BENEFITS, beginning of year
$
6,042,542

 
 
NET ASSETS AVAILABLE FOR BENEFITS, end of year
$
5,976,743


See notes to financial statements








5


United Security Bank
401K Cash or Deferred Stock Ownership Plan
Notes to Financial Statements
December 31, 2015 and 2014

NOTE 1 – DESCRIPTION OF PLAN
The following brief description of the United Security Bank 401K Cash or Deferred Stock Ownership Plan provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
General
The primary purpose of the United Security Bank 401K Cash or Deferred Stock Ownership Plan (the “Plan”) is to provide employees of United Security Bank (the “Company”) the opportunity to accumulate funds for their retirement. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).
Eligibility
The Plan is a defined contribution plan covering all regular part-time or full-time employees of the Company. Employees may participate in the voluntary salary deferral feature of the Plan after completing three (3) months of service. Employees will be eligible to receive employer Safe Harbor contributions after completing three (3) months of eligible service. To be eligible for discretionary matching contributions employees must attain age 21 and must complete one (1) year of service. The Board of Directors may elect to make discretionary match contributions in place of Safe Harbor contributions. Enrollment periods are on the first day of the calendar month following the time an employee has met the eligibility criteria specified above.
Administration
The Plan is administered by the Company. Administrative expenses are mostly paid by the Company, except for expenses incurred at the participant level which are charged against the participant’s individual accounts.
Participant accounts
Each participant’s account is credited with the participant’s contribution and allocations of the Company’s contributions, and Plan earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Participant contributions
Participants may contribute to the Plan a percentage or a specific dollar amount of their annual wages, not to exceed certain dollar limitations determined annually by the Internal Revenue Service. Deferrals to the Plan may be made as normal 401(k) contributions or on an after-tax-basis as Roth contributions. The sum of regular pre-tax 401(k) and Roth contributions may not exceed the annual limit allowed on regular 401(k) contributions. Participants may elect to change their election to contribute to the Plan on the dates established pursuant to the Plan Administrator procedures. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
Employer contributions
The Safe Harbor Match Contribution made by the Company equals one hundred percent (100%) of the first four percent (4%) of an employees eligible contributions made during the year. In addition, the Company may make a discretionary contribution, annually, at the discretion of the Board of Directors,

6


which is allocated in proportion to participants’ eligible compensation to the total compensation of all eligible participants for the Plan year. Eligible compensation includes employee contributions to the Plan and to the Company Cafeteria Plan. To be eligible for the discretionary contribution, a participant must complete at least 1,000 hours of service during the Plan year and be employed by the Company on the last day of the Plan year. Employer contributions are made in cash and re-invested in various plan investments at the direction of the participant. The employer made safe harbor contributions of $250,860 for the plan year ended December 31, 2015. There were no discretionary matching contributions made during the year ended December 31, 2015.
Vesting
When a participant terminates employment with the Company, they are entitled to the vested portion of each of their accounts. Participants are always 100% vested in the amounts they contributed to the plan, including any rollover contribution and Safe Harbor Match contribution.

Notes receivable from participants
Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from one to five years, except that a loan used to acquire a principal residence may be repaid over a reasonable time commensurate with the repayment period similar to commercial loans. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates as determined by the Plan Administrator. Principal and interest are paid through payroll deductions. Loan expenses are deducted from the gross loan amount upon distribution to the employee. As of December 31, 2015, the rate of interest on outstanding loans is 4.25% with maturities through September 2029.

Forfeitures
Forfeitures are the non-vested portion of a participant’s account that is lost upon termination of employment. These forfeitures represent amounts for employees that terminated employment with the Company prior to January, 1 2012, when the Plan vesting was changed to 100% immediate vesting. Forfeitures are retained in the Plan and may be used to offset Plan expenses or reduce future employer contributions. For the year ended December 31, 2015, no non-vested forfeitures used to offset employer contributions. 

Benefits paid to participants
Upon termination of service, the participant may elect to receive benefits equal to the vested value of his or her account in one lump-sum payment or transfer/rollover the vested value to another qualified investment plan. The Plan allows in-service distributions for participants that have reached Normal Retirement Age as defined in the Plan, but are still working for the Company. The Plan allows hardship withdrawals. Any Safe Harbor Match account balance is excluded from a hardship withdrawal eligibility.
Plan termination
Although termination of the Plan is not presently contemplated, the Company does have the right to terminate the Plan at any time. In the event of termination, participants would become 100% vested in the aggregate value of their respective accounts.


7


NOTE 2 – ACCOUNTING POLICIES
Basis of accounting
The financial statements of the Plan are prepared in accordance with accounting principles generally accepted in the United States of America, using the accrual basis of accounting.
Use of estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes therein, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment valuation
Investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.

Income recognition

Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on the accrual basis. The net appreciation/depreciation in fair value of investments consists of both the realized gains or losses and unrealized appreciation and depreciation of those investments.

Payment of benefits
Benefits are recorded when paid. The Plan accounts for benefits due to participants who have terminated employment with the Company as a component of net assets available for benefits until such amounts have been paid.
New accounting standards
In May 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The ASU eliminates the requirement to categorize within the fair value hierarchy investments whose fair values are measured at net asset value ("NAV"). The guidance will be applied retrospectively for public business entities for fiscal years beginning after December 15, 2015 and interim periods within those years. Early adoption is permitted. There is no impact on the Company's financial statements resulting from the adoption of the update.

In July 2015 FASB issued ASU 2015-12, Plan Accounting: Defined Contribution Pension Plans (Topic 962) I. Fully Benefit-Responsive Investment Contracts; II. Plan Investment Disclosures; and III. Measurement Date Practical Expedient. The amendments remove the requirement to:
disclose individual investments held which exceed 5% of net assets available for benefits.
disclose net appreciation in fair value of investments by type of investment held.
disaggregate investments reported in the fair value hierarchy table by class of investment. They may be presented by general type only.


8


ASU 2015-12 has been adopted for the December 31, 2015 plan year end, however, the retrospective approach required that the above items, applicable to the prior year, be presented in accordance with ASU 2015-12 as well.

Subsequent events
Subsequent events are events or transactions that occur after the statement of net assets available for benefits date but before financial statements are issued. The Plan recognizes in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the statement of net assets available for benefits, including the estimates inherent in the process of preparing the financial statements. The Plan’s financial statements do not recognize subsequent events that provide evidence about conditions that did not exist at the date of the statement of net assets available for benefits but arose after the statement of net assets available for benefits date and before financial statements are issued.

NOTE 3 – FAIR VALUE MEASUREMENTS
FASB Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures, provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820 are described below:

Level 1
Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the plan has the ability to access.

Level 2
Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.

Level 3
Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2015 and 2014.
Registered investment companies (Mutual funds): Shares of registered investment company funds are valued at the NAV of shares held by the Plan and are valued at the closing price reported on the active market on which the individual securities are traded. Accordingly, mutual funds are classified within Level 1 of the valuation hierarchy.

9


Common stock of United Security Bancshares and other common stock: Common stock is valued at quoted market prices. Accordingly, investments in common stock are classified within Level 1 of the valuation hierarchy.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2015 and 2014.
Assets at Fair Value as of December 31, 2015
 
Level 1
Level 2
Level 3
Total
Self-directed Brokerage
$
93,246

$

$

$
93,246

Common stock of United Security Bancshares
2,274,611



2,274,611

Mutual Funds
3,286,360



3,286,360

Total assets at fair value
$
5,654,217

$

$

$
5,654,217


Assets at Fair Value as of December 31, 2014
 
Level 1
Level 2
Level 3
Total
Self-directed Brokerage
$
92,515

$

$

$
92,515

Common stock of United Security Bancshares
2,602,929



2,602,929

Mutual Funds
3,008,171



3,008,171

Total assets at fair value
$
5,703,615

$

$

$
5,703,615


NOTE 4 – INVESTMENTS
At December 31, 2015, a substantial amount of the Plan’s assets were invested in the common stock of the Company and are held by TD Ameritrade. The remaining portion of the Plan’s assets are held in the form of cash, money market mutual funds and self-directed brokerage accounts at Plan’s Trustee, Nationwide Trust Company (NTC), or at TD Ameritrade.
The Plan’s investments include 425,161 allocated shares of Company stock at December 31, 2015. The Company common stock is valued at the quoted market price of $5.35 per share.
The Plan’s investments include 476,727 allocated shares of Company stock at December 31, 2014. The Company common stock is valued at the quoted market price of $5.46 per share.

NOTE 5 – TAX STATUS
The plan document is a prototype standardized defined contribution plan that received a favorable opinion letter from the Internal Revenue Service on March 31, 2014, which stated that the prototype plan, as then designed, was in accordance with applicable sections of the Internal Revenue Code. As a result of the

10


favorable determination received from the Internal Revenue Service, no provision for income taxes has been included in the Plan’s financial statements.

NOTE 6 – RELATED PARTY TRANSACTIONS
The Plan’s assets are held by NTC and TD Ameritrade. Some of the Plan assets are invested in funds managed by NTC. NTC also provides record keeping and investment services to the Plan. Plan assets held at TD Ameritrade include investments in the Company’s stock and other self-directed investments.
Company contributions are managed by NTC, which invests cash received, interest and dividend income and makes distributions to participants.
NTC expenses incurred at the participant level are absorbed by the Plan and allocated among the related participant’s accounts. The independent auditors’ fees are paid directly by the Company.

NOTE 7 – RISKS AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the financial statements.
The Plan is subject to concentrations of market risk with respect to common stock of United Security Bancshares stock held by the Plan. At December 31, 2015, 39.7% of the Plan assets are invested in United Security Bancshares stock, which is publicly traded on the NASDAQ stock exchange. United Security Bancshares stock, adjusted for stock dividends, traded at a high closing price of $5.49 per share and a low closing price of $4.90 per share during 2015. Company performance and other environmental factors impact the market value of this investment on a daily basis.

 

11


United Security Bank
401K Cash or Deferred Stock Ownership Plan

SCHEDULE H, LINE 4i
Schedule of Assets (Held at End of Year)
Employer Identification Number 77-0103429
Plan Number 002
December 31, 2015
 
(b)
(c)
(d)
(e)
(a)
Identity of issuer, borrower, lessor or similar party
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
Cost
Current Value
 
 
 
 
 
*
United Security Bancshares
United Security Bancshares common stock held
 
$2,274,611
 
 
 
 
 
 
Nationwide/TD Ameritrade
Other various self- directed common stock
 
75,025

 
 
 
 
 
*
Nationwide
Self directed money market
 
18,221

 
 
 
 
 
 
Nationwide Trust Company - Blend Funds:
 
 
 
Dimensional Fund Advisors
DFA Emerging Markets Core Equity I
 
36,090

 
Dimensional Fund Advisors
DFA Global Real Estate Secured Inst
 
63,403

 
Harbor
Harbor International Inst
 
70,906

 
JP Morgan
JPMorgan Mid Cap Value Inst
 
1

 
Vanguard
Vanguard 500 Index Signal
 
34,315

 
Vanguard
Vanguard Target Retirement 2010
 
75,823

 
Vanguard
Vanguard Target Retirement 2015
 
11,130

 
Vanguard
Vanguard Target Retirement 2020
 
238,885

 
Vanguard
Vanguard Target Retirement 2025
 
177,294

 
Vanguard
Vanguard Target Retirement 2030
 
105,062

 
Vanguard
Vanguard Target Retirement 2035
 
136,390

 
Vanguard
Vanguard Target Retirement 2040
 
192,810

 
Vanguard
Vanguard Target Retirement 2045
 
152,404

 
Vanguard
Vanguard Target Retirement 2050
 
92,880

 
Vanguard
Vanguard Target Retirement 2055
 
27,344

 
Vanguard
Vanguard Target Retirement 2060
 
20,278

 
Vanguard
Vanguard Target Retirement Income
 
383,619

 
Vanguard
Vanguard Total Stock Market Index Signal
 
154,530

 
Total
 
 
1,973,164

 
 
 
 
 
 
Nationwide Trust Company - Growth Funds:
 
 
 
American Funds
American Funds Capital R6
 
64,467

 
Fidelity Investments
Fidelity Advisor Real Estate
 
1

 
MFS
MFS Research R4
 
93,396

*
Nationwide
Nationwide Bailard Tech & Science
 
8,231

 
Oppenheimer Funds
Oppenheimer Global Y
 
70,631

 
Principal Funds
Principal Large Cap Growth Inst
 
1

 
Vanguard
Vanguard Health Care Investment
 
30,523


12


 
Vanguard
Vanguard Small Cap Grade Index Inv
 
17,504

 
Vanguard
Vanguard Precious Metals Mining Inv
 
2,779

 
Vanguard
Vanguard REIT Index Adm
 
5,152

 
Vanguard
Vanguard Explorer Adm
 
27,461

 
Total
 
 
320,146

 
 
 
 
 
 
Nationwide Trust Company - Value Funds:
 
 
 
American Beacon
American Beacon International Equity Inst
 
92,984

 
American Funds
American Funds Am Hi Income Tr R6
 
1

 
Invesco
Invesco Growth and Income Y
 
90,878

 
JP Morgan
JP Morgan Small Cap Value Select
 
16,979

 
MFS
MFS Utilities R4
 
3,408

 
Principal Funds
Principal Equity Income Inst
 
61,027

 
Vanguard
Vanguard Select Value Investment
 
5,501

 
Total
 
 
270,778

 
 
 
 
 
 
Nationwide Trust Company - Bonds:
 
 
 
American Century Investments
American Century Inflation Adjusted Bond Inst
 
1

 
American Century Investments
American Century Short Duration Inflation Protected Bond
 
83,322

 
American Funds
American Funds Capital World Bond R6
 
1

 
Federated
Federated Total Return Bond Inst
 
1

 
JP Morgan
JPMorgan Strategic Income Opps R5
 
40,604

 
Legg Mason
Legg Mason BW Global Opp Bond A
 
50,056

 
Pimco
Pimco Real Return Inst
 
1

 
Prudential Investments
Prudential Hi Yield Z
 
51,179

 
Prudential Investments
Prudential Total Return Bond Z
 
67,134

 
TCW
TCW Total Return Bond Fund
 
126,965

 
Legg Mason
Western Asset Inflation Index Plus Bond
 
1

 
Vanguard
Vanguard Short-term Investment-grade Inv
 
563

 
Vanguard
Vanguard Total Bond Market Index Signal
 
1

 
Total
 
 
419,829

 
 
 
 
 
 
Nationwide Trust Company - Exchange Traded Funds:
 
 
 
SPDR Gold ETFs
SPDR Gold Trust Gold Shares
 
4,058

 
 
 
 
4,058

 
Nationwide Trust Company - Money Market Funds:
 
 
 
Dreyfus
Dreyfus Cash Management Fund
 
10

 
Dreyfus
Dreyfus Inst Preferred Money Market Premium
 
3,781

*
Nationwide
Nationwide Bank FDIC Insured Account
 
294,594

 
 
 
 
298,385

 
 
 
 
 
*
Participant Loans
4.25% rate; Maturities through September 2029
71,666

 
 
 
 
 
 
 
 
 

$5,725,883

(d) Investments are participant directed; therefore, cost information is not required.
* Indicates party-in-interest to the Plan

13


Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

United Security Bank 401K Cash or Deferred Ownership Plan
 

April 15, 2016



By: /s/ Bhavneet Gill
Senior Vice President
and Chief Financial Officer of United Security Bank




14


EXHIBIT INDEX

EXHIBIT
 
NUMBER
EXHIBIT
 
 
23.1
Consent of Moss Adams LLP






























15
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Section 2: EX-23.1 (EXHIBIT 23.1 401K PLAN CONSENT 12312015)

Exhibit



Exhibit 23.1







CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




We consent to the incorporation by reference in the Registration Statement (No. 333-100078) on Form S-8 of United Security Bancshares of our report dated April 15, 2016, with respect to the statements of net assets available for benefits of United Security Bank 401k Cash or Deferred Stock Ownership Plan as of December 31, 2015 and 2014, the related statement of changes in net assets available for benefits for the year ended December 31, 2015, and the related supplemental schedule as of December 31, 2015 appearing in this Annual Report (Form 11-K) of United Security Bank 401k Cash or Deferred Stock Ownership Plan.



/s/ Moss Adams LLP
Albuquerque, NM
April 15, 2016




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