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United Security Earnings Improve

United Security Bancorporation Tuesday reported increased earnings, although per-share results slipped because of adjustments made for a stock split, dividend and private placement.

The company, which owns two banks, a leasing operation and insurance company, had net income for the quarter ended March 31 of $542,000, or 34 cents per share, compared with $465,000, or 36 cents per share, a year ago.

President William Dashiell noted United’s loan portfolio grew 32 percent in the last year to $126 million. Net interest income jumped 22 percent, but non-interest income dropped because commissions generated by the company’s insurance subsidiary declined compared with last year.

Assets at the end of the quarter were $168 million, up from $131 million a year ago.



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Trump administration pulls U.S. out of UN human rights council

UPDATED: 7:23 p.m.

The United States announced Tuesday it was leaving the United Nations’ Human Rights Council, with Ambassador Nikki Haley calling it “an organization that is not worthy of its name.” It was the latest withdrawal by the Trump administration from an international institution.