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):  April 24, 2006

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 April 24, 2006, United Security Bancshares, Inc. issued a press release announcing financial results for the quarter ended March 31, 2006.  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.

          (d)           Exhibits.

Exhibit Number	Exhibit
99.1	Press Release dated April 24, 2006

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.
Dated:  April 24, 2006	By:	/s/ Larry M. Sellers
		Larry M. Sellers
		Vice President, Secretary and Treasurer

INDEX TO EXHIBITS

Exhibit Number	Exhibit
99.1	Press Release dated April 24, 2006 *

* 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 Earnings

          THOMASVILLE, Ala., April 24 /PRNewswire-FirstCall/ -- United Security Bancshares, Inc. (Nasdaq: USBI) (“USB”) today reported net income for the quarter ended March 31, 2006, of $3,680,000, compared to $3,302,000 for the same period of 2005, an 11.4% increase.  On a per share basis, net income for the first quarter of 2006 was $0.57, compared to $0.51 for the same period of 2005, an 11.8% increase.

          Increased net income was primarily due to improved net interest income. Net interest income increased 9.5% in the first quarter of 2006 compared to the same period in 2005.  The net yield on earning assets improved from 7.32% at March 31, 2005, to 7.62% at March 31, 2006.  This increase is due to an overall increase in the average yield on loans and investment securities as well as increased volume of earning assets.  Non-interest income improved slightly due to an increase in service charges on deposit accounts.  Non- interest expense increased 7.3% primarily due to increased salary and benefit costs.

          Performance ratios remain excellent with return on average assets of 2.37% and return on average equity of 16.87%.

          At March 31, 2006, total assets amounted to $634,676,000, a 5.4% increase over March 31, 2005.  Total deposits increased 5.0% to $435,476,000.  Loans, net of unearned discount, increased 10.4% to $448,730,000, and shareholders’ equity totaled $88,302,000, which represented a book value of $13.77 per share.  Regular dividends were increased 15.0% to $0.23 per share in the first quarter, and a special dividend of $0.15 per share was also declared.

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

	Three Months Ended March 31,
	2006		2005
Earnings Summary:
Net Interest Income	$	10,735	$	9,808
Provision for Credit Losses		815		796
Non-Interest Income		1,284		1,154
Non-Interest Expense		5,745		5,356
Income Before Income Taxes		5,459		4,810
Income Tax Provision		1,779		1,508
Net Income	$	3,680	$	3,302

	Three Months Ended March 31,
	2006			2005
Basic and Diluted	$	0.57		$	0.51
Dividends Per Share		0.38			0.35
Balance Sheet Summary:
Total Assets	$	634,676		$	602,394
Total Earning Assets		575,739			550,230
Loans, Net of Unearned Discount		448,730			406,426
Allowance for Credit Losses		7,662			7,081
Total Deposits		435,476			414,856
Common Shareholders’ Equity		88,302			82,344
Book Value Per Share	$	13.77		$	12.84
Average Balance Sheet Data:
Total Assets	$	629,677		$	595,467
Total Earning Assets		571,168			543,214
Loans, Net of Unearned Discount		443,548			405,322
Total Deposits		436,140			409,236
Common Shareholders’ Equity		88,490			82,922
Performance Ratios:
Return on Average Assets		2.37	%		2.25	%
Return on Common Equity		16.87	%		16.15	%
Average Shares Outstanding:
Basic and Diluted		6,424,412			6,429,428

          Statements contained in this press release which are not historical facts are forward-looking statements.  Such forward-looking statements are necessarily estimates reflecting the best judgment of USB’s senior management based upon current information and involve a number of risks and uncertainties.  Certain factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by USB with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of USB or its senior management should be considered in light of those factors.  There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.

SOURCE  United Security Bancshares, Inc.
           -0-                                                04/24/2006
           /CONTACT:  Larry Sellers or Robert Steen of United Security Bancshares, Inc., +1-334-636-5424/
           (USBI)