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): October 30, 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 October 30, 2006, United Security Bancshares, Inc. issued a press release announcing financial results for the quarter ended September 30, 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 October 30, 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.
	By:	/s/ Robert Steen
		Robert Steen
		Assistant Vice President, Assistant Treasurer
Dated:  October 30, 2006

INDEX TO EXHIBITS

Exhibit Number	Exhibit
99.1	Press Release dated October 30, 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 and Nine Month Earnings

          THOMASVILLE, Ala., Oct. 30 /PRNewswire-FirstCall/ -- United Security Bancshares, Inc. (Nasdaq: USBI) (USB) today reported net income for the quarter ended September 30, 2006, of $3,455,000 compared to $3,721,000 for the same period of 2005.  On a diluted per share basis, net income for the third quarter of 2006 was $0.54, compared to $0.58 for the same period of 2005. While net income shows a decrease quarter-to-date, year-to-date net income increased $11,000 from $10,600,000 in 2005 to $10,611,000 in 2006.  Likewise, net income per share increased from $1.65 in 2005 to $1.66 in 2006.

          Net interest income increased 4.9% in the third quarter of 2006 compared to the same period in 2005.  The net yield on earning assets improved from 7.36% at September 30, 2005, to 7.49% at September 30, 2006.  This increase is due to an overall increase in the average yield on loans and investments as well as increased volume of earning assets.  An increase in non-performing assets required an increase in the provision for loan losses of $101,000 year- to-date, compared to last year.  Non-interest income increased slightly but was offset by increased non-interest expense and income taxes year-to-date 2006 compared to 2005.

          Performance ratios remain strong with return on average assets of 2.24% and return on average equity of 16.10%.

           At September 30, 2006, total assets amounted to $645,497,000, a 3.7% increase over September 30, 2005.  Total deposits showed an increase of $20,087,000, or 4.7%. Loans, net of unearned discount, increased 3.3% to $442,765,000, and shareholders’ equity totaled $89,696,000, which represented a book value of $14.18 per share.  Dividends remain at $0.23 per share for the third quarter.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2006		2005		2006		2005
Earnings Summary:
Net Interest Income	$	10,751	$	10,249	$	32,206	$	30,183
Provision for Credit Losses		763		947		2,553		2,452
Non-Interest Income		1,548		1,496		4,216		3,992
Non-Interest Expense		6,322		5,710		18,005		17,113
Income Before Income Taxes		5,214		5,088		15,864		14,610
Income Tax Provision		1,759		1,367		5,253		4,010
Net Income	$	3,455	$	3,721	$	10,611	$	10,600
Earnings Per Share:
Basic and Diluted	$	0.54	$	0.58	$	1.66	$	1.65
Dividends Per Share	$	0.23	$	0.20	$	0.84	$	0.75

	September 30,
	2006			2005
Balance Sheet Summary:
Total Assets	$	645,497		$	622,567
Total Earning Assets		585,308			565,220
Loans, Net of Unearned Discount		442,765			428,813
Allowance for Credit Losses		7,522			7,371
Total Deposits		450,681			430,594
Common Shareholders’ Equity		89,696			86,585
Book Value Per Share	$	14.18		$	13.47
Average Balance Sheet Data:
Total Assets	$	631,993		$	602,429
Total Earning Assets		575,091			548,369
Loans, Net of Unearned Discount		443,683			412,897
Total Deposits		440,827			413,283
Common Shareholders’ Equity		88,117			84,404
Performance Ratios:
Return on Average Assets		2.24	%		2.35	%
Return on Common Equity		16.10	%		16.79	%
Average Shares Outstanding:
Basic and Diluted		6,383			6,428

          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-                    10/30/2006
          /CONTACT:  Larry Sellers or Robert Steen, +1-334-636-5424, of United Security Bancshares, Inc./
          (USBI)