SECOND AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT FOR R. TERRY PHILLIPS

Exhibit 10.1

SECOND AMENDMENT

TO THE

FIRST UNITED SECURITY BANK

SALARY CONTINUATION AGREEMENT

FOR

R. TERRY PHILLIPS

THIS SECOND AMENDMENT is adopted this 30th day of June, 2011, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Executive”).

The Company and the Executive executed the First United Security Bank Salary Continuation Agreement on September 20, 2002, effective as of September 1, 2002, and the First Amendment to the First United Security Bank Salary Continuation Agreement on November 20, 2008, effective as of January 1, 2005 (the “Agreement”).

The undersigned hereby amend the Agreement, effective as of June 30, 2011, as follows:

“Notwithstanding the foregoing or any provision in this Agreement to the contrary, in the event the Executive has a Termination of Employment on or after June 30, 2011, the amount of the annual benefit to which the Executive is entitled upon Early Termination under this Section 2.2 is Seventy-Five Thousand Dollars ($75,000).”

IN WITNESS OF THE ABOVE, the Company and the Executive hereby consent to this Second Amendment to the First United Security Bank Salary Continuation Agreement.

Attachment 1

First United Security Bank Salary Continuation Plan - Schedule A as of June 30, 2011

(R. Terry Phillips)

A-1

Plan Year Reporting

Salary Continuation Plan Schedule A

/1/ The first line reflects 12 months of data, September 2002 to August 2003.

/2/ The annual benefit amount will be distributed in 12 equal monthly payments for a total of 180 monthly payments.