8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 2, 2005

UNITED SECURITY BANCSHARES, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	0-14549	63-0843362
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

131 West Front Street, P.O. Box 249, Thomasville, Alabama 36784
(Address of principal executive offices, including zip code)

(334) 636-5424
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02          Results of Operations and Financial Condition.

          On February 2, 2005, United Security Bancshares, Inc. issued a press release announcing financial results for the quarter ended December 31, 2004.  The press release is attached as Exhibit 99.1 to this Form 8-K and is furnished to, but not filed with, the Commission. 

Item 9.01          Financial Statements and Exhibits.

(c)	Exhibits.
	Exhibit Number	Exhibit
	99.1	Press Release dated February 2, 2005

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 hereunto duly authorized.

	UNITED SECURITY BANCSHARES, INC.
	By:	/s/ LARRY M. SELLERS
		Larry M. Sellers
		Vice President, Secretary and Treasurer
Dated: February 2, 2005

INDEX TO EXHIBITS

Exhibit Number	Exhibit
99.1	Press Release dated February 2, 2005*
* This exhibit is furnished to, but not filed with, the Commission by inclusion herein.

EX-99.1

Exhibit 99.1

United Security Bancshares, Inc. Announces Quarterly and Twelve
Months Earnings

          THOMASVILLE, Ala., Feb. 2 /PRNewswire-FirstCall/ -- United Security Bancshares, Inc. (Nasdaq: USBI) today reported net income for the quarter ended December 31, 2004, of $3,599,000 compared to $3,650,000 for the same period of 2003, a 1.4% decrease.  On a diluted per share basis, net income for the fourth quarter of 2004 was $0.56, compared to $0.57 for 2003, a 1.8% decrease.  On a year-to-date basis, net income increased from $11,415,000 in 2003 to $13,131,000 in 2004, a 15.0% increase.  On a diluted per share basis, net income for the twelve months ended December 31, 2004, was $2.04, compared to $1.77 for 2003, a 15.3% increase.

          The primary factors for the decrease in net income fourth quarter 2004 compared to fourth quarter 2003 was a $231,000 increase in the provision for loan losses which was off-set somewhat by a $101,000 increase in net interest income.  Improved net interest margin and improved operating performance of the Company’s finance company subsidiary, Acceptance Loan Company (ALC), are the primary reasons for the 15.0% increase in year-to-date 2004 net income.

          Performance ratios continue to show improvement with return on average assets at 2.26% and return on average equity increasing to 16.92%.

          At December 31, 2004, total assets amounted to $586,153,000, an increase of 3.3% over December 31, 2003.  Total deposits showed an increase of $9,243,000, or 2.4%.  Loans, net of unearned discount, increased 4.5% to $403,984.  Shareholders’ equity totaled $81,913,000, which represents a book value of $12.74 per share.  Dividends for the fourth quarter were $0.18 per share.

UNITED SECURITY BANCSHARES, INC.
(Unaudited Financial Highlights)
(In thousands, except per share amounts and percentages)

	3 Months Ended December 31,				12 Months Ended December 31,
	2004		2003		2004		2003
Earnings Summary:
Net Interest Income	$	10,057	$	9,956	$	39,225	$	35,587
Provision for Credit Losses		1,074		843		3,724		3,505
Non-Interest Income		1,392		1,540		5,595		5,662
Non-Interest Expense		5,444		5,357		22,045		21,306
Income Before Income Taxes	$	4,931	$	5,296	$	19,051	$	16,438
Income Tax Provision		1,332		1,646		5,920		5,023
Net Income	$	3,599	$	3,650	$	13,131	$	11,415
Earnings Per Share:
Basic	$	0.56	$	0.57	$	2.04	$	1.77
Diluted		0.56		0.57		2.04		1.77
Dividends Per Share		0.18		0.17		0.72		0.67

	December 31,
	2004			2003
Balance Sheet Summary:
Total Assets	$	586,153		$	567,188
Total Earning Assets		533,695			525,730
Loans, Net of Unearned Discount		403,984			386,578
Allowance for Credit Losses		7,061			6,842
Total Deposits		396,923			387,680
Common Shareholders’ Equity		81,913			73,329
Book Value Per Share		12.74			11.40
Average Balance Sheet Data:
Total Assets	$	582,048		$	549,705
Total Earning Assets		533,008			511,220
Loans, Net of Unearned Discount		391,435			365,532
Total Deposits		391,853			372,141
Common Shareholders’ Equity		77,623			69,421
Performance Ratios:
Return on Average Assets		2.26	%		2.08	%
Return on Common Equity		16.92	%		16.44	%
Average Shares Outstanding
Basic		6,430,767			6,431,701
Diluted		6,430,767			6,431,701

SOURCE  United Security Bancshares, Inc.
          -0-                              02/02/2005
          /CONTACT:     Larry Sellers or Robert Steen of United Security Bancshares,
Inc., +1-334-636-5424/