What changed in this filing

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Item 1. Business

2025-03-14 compared with 2024-03-22 · 485 added, 364 removed, 1764 unchanged (32% of the section changed)

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banking products

The Bank commenced operations

on October 28, 2002 and

is a Florida state-chartered, non-Federal

Reserve System

Over the course

of 2021, the Bank simplified

its capitalization structure by

exchanging and/or repurchasing

and outstanding

Century Bank (the “Bank”)

commenced operations in October

2002 and is a Florida

state-chartered, non-Federal

capitalization

and/or repurchasing

issued and outstanding

preferred shares,

including Class

preferred stock.

Bank reached agreements

with holders of

stock, to exchange

all outstanding

Class B common

stock for Class A common stock in a 1-for-5 stock exchange

including Class C,

Class E preferred

outstanding Class B common stock for Class A common stock

in a 1-for-5 stock exchange.

2021, the Bank

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became stockholders of the Company.

Exchange Act of 1934 (the “Exchange

Act”), and the Bank was subject to

the information requirements of the Exchange

and, in accordance with Section 12(i) thereof, filed quarterly reports, proxy statements and other information with the FDIC.

As a result of the Reorganization, pursuant to Rule 12g-3(a) under the Exchange Act, the Company became the successor

Exchange Act, and the Company became subject to the information requirements of the Exchange Act and is now required

reports, proxy

statements and

other information with

Prior to the Effective Date, the Bank’s Class A common stock was registered under Section 12(b) of the Exchange Act,

Bank was subject

to the information

requirements of the

Exchange Act and,

in accordance with

Section 12(i)

filed quarterly reports, proxy statements and other information with the FDIC.

As a result of the Reorganization, pursuant to

Rule 12g-3(a) under the

Exchange Act, the Company

became the successor

registrant to the Bank,

the Company’s Class

Stock is “USCB”, which is the same as the Bank’s former

trading symbol.

A common stock was deemed

to be registered under Section 12(b)

of the Exchange Act, and

the Company became subject

information with the SEC.

symbol for the Company’s

Class A Common Stock is “USCB”,

which is the same as

the Bank’s former trading symbol.

the Reorganization,

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the Company and the Bank,

as the contest dictates.

as the context dictates.

However, if the discussion

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markets we serve.

on serving small-to-medium sized businesses (“SMBs”) and

catering to the needs

on serving small-to-medium sized businesses (“SMBs”)

and catering to the

entrepreneurs

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As of December 31,

2023, the Bank is a Preferred Lending Partner with the SBA which

allows us to offer the full range of SBA loan

lending authority

level, allowing

credit decisions

for prospective clients.

2024, the Bank continued to be

a Preferred Lending Partner with the

SBA which allows us to offer

the full range

of SBA loan products and to exercise lending authority at the local bank level, allowing us

to make timely credit

decisions for prospective clients.

Yacht lending:

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generate personal deposit

correspondent

Correspondent Banking services:

Our Global Banking

vertical provides correspondent

banking services for

headquartered

correspondent

banking relationships to

generate international personal

banking clients for

Our compliance

experienced in issues

related to foreign

banking, and we

have frequent and regular

open communication with

our foreign bank clients to ensure proper compliance

controls are maintained at such institutions.

relationships

international

compliance team is experienced in issues related to correspondent banking, and we have frequent and regular

open communication with our correspondent bank clients to ensure proper compliance controls are maintained

at such institutions.

concierge-level

services to physicians,

dentists, and veterinarians.

Advantage products and

services were designed

to the complex banking requirements of medical professionals.

Credit Practices

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strong asset quality

understanding of and

experience with businesses

within Florida,

to our understanding

of and experience

with businesses within

in particular South

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robust suite of

commercial payments,

management services.

commercial payments, and cash management services.

Additionally,

we offer insured cash sweep (“ICS”) and certificate of

deposit account

registry service

(“CDARS”) deposit

products that

FDIC-insured for our clients.

Furthermore, we offer deposit products for municipalities and other public entities.

products are mainly offered across our primary

are FDIC-insured

deposit products

for municipalities

deposit products

geographic footprint.

USCB Financial Holdings, Inc.

Title Services

transactions closed at the Bank.

Licensed in the State of Florida and approved by the Department of Insurance Regulation,

Florida Peninsula

began operations

service business

not only provides

diversification for

interest income but also provides our clients with access

Regulation, Florida Peninsula

Title LLC began operations

title service business not

only provides diversification

for non-interest income but also provides our clients with access

to tile insurance services.

USCB Financial Holdings, Inc.

We do not believe our business to be seasonal

Our primary banking market is South

Due to the recent

acceptance and expected ongoing emphasis on remote

work, coupled

environment, warm

encouraged companies

relocate some or all of their

operations to South Florida.

believe this trend is further

demonstrated by recent relocation

initiatives undertaken by large financial institutions such as Blackstone Group Inc., Goldman Sachs Group Inc., and Citadel

institutions,

environment, a robust business infrastructure, and access to a

diverse talent pool.

With a thriving

real estate market, strong

international

concentration

dynamic ecosystem for financial services.

Additionally,

the region's strategic location as a gateway to Latin America further

for corporations

to strengthen

and investment

opportunities.

Florida offers

long-term attractive

banking opportunities.

Our largest concentration is in the Miami metropolitan statistical area;

however, we are also focused

on growth in other urban Florida markets in which we

have a presence, such as Broward and Palm Beach counties

concentration is

Miami metropolitan

however, we are

also focused on

other urban Florida

markets in which

presence, such as

and Palm Beach counties.

According to the

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Census Bureau’s

the third most

populous state in

the country in

estimate, Florida

was the third

most populous state

in the country

2024 and the three largest population

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Beach counties (all located in South

United States

Census Bureau,

increased to 22.6 million residents, an increase of 1.0 million new residents.

The percentage change in

Florida’s population

between April 2020 and July 2023 alone was 5.0% according

to the United States Census Bureau.

Our markets are highly competitive,

and we compete with a wide range of lenders and other financial institutions within

residents, an increase of 1.8 million new residents

or 8.5% from April 2020 to July 2024.

Our markets are highly competitive, and we compete with a wide range of lenders and other financial institutions within

including local,

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As such, we are eligible to take advantage of certain exemptions from various reporting requirements that are

required to comply with the auditor

attestation requirements of Section

404 of the Sarbanes-Oxley Act,

reduced disclosure

requirements of

non-binding advisory

executive compensation

applicable to other public companies

that are not EGCs, including,

but not limited to, not being

required to comply with

Sarbanes-Oxley

executive compensation in

reports and proxy

statements, and exemptions

from the requirements

and shareholder

parachute payments not previously approved.

previously approved.

period provided

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which the Company's annual

gross revenues exceed $1.24 billion, (iii)

the date that the Company becomes

a “large accelerated filer” as defined

USCB Financial Holdings, Inc.

gross revenues exceed $1.235 billion, (iii) the date that

the Company becomes a “large accelerated filer” as defined in

12b-2 under the Exchange Act which would

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during the preceding three-year period.

USCB Financial Holdings, Inc.

Human Capital Resources

We respect the values

and diversity throughout our organization

the values and

diversity exhibited

throughout our organization

and the community.

Diversity and inclusion are integral

Diversity is an

our organization’s

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and participation

contributions of each individual in our Company is

recognized and supported.

Each team member is to

be treated fairly with

equal access to opportunities and resources for success.

Additionally,

we run homebuyer educational and financial literacy

workshops in an effort

financing needs of

the sectors of our

communities in which

these workshops are

We are taking

steps to create

programs to ensure

organized in a

way where the

unique contributions

is recognized

opportunities and resources for success.

Additionally, we run homebuyer educational and financial literacy

workshops in an

effort to reach the financing needs of the sectors

of our communities in which these workshops are

Our human capital

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the importance

benefits such

retirement savings plan and make both matching and profit-sharing contributions to that plan.

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holidays and other benefits.

promote diversity and

inclusion in every

aspect of our

business and at

every level within

We recruit, hire, and promote

employees based on their individual

ability and experience and in

accordance with Affirmative

Action and Equal

Employment Opportunity

We value and promote diversity in

every aspect of our business

and at every level within

We recruit, hire,

Equal Employment Opportunity

laws and regulations.

Our policy is

do not discriminate

religion, sex,

sexual orientation,

medical condition,

status, national

origin, citizenship status, disability veteran status, gender identity, genetic information, or any other status protected by law.

Our policy is that

discriminate on the

basis of race, color,

citizenship status, disability veteran status, gender identity,

genetic information, or any other status protected

At December 31, 2024,

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USCB Financial

USCB Financial Holdings, Inc.

Century Bank and are qualified

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for more information.

USCB Financial Holdings, Inc.

2018 Regulatory Reform

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regulatory framework

small depository

small depository institutions with assets of less than $10.0 billion and for large banks with assets of more than $50.0

Many of these changes resulted in meaningful regulatory

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which may be held by a financial

consolidated assets of less

than $10 billion by instructing

(as described below) the

federal banking regulators to

consolidated assets of less than

$10.0 billion by instructing

(as described below) the federal

banking regulators to establish

a single “Community Bank Leverage Ratio” of between 8 and 10 percent to

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qualifying holding company may

have from $1.0

billion to $3.0

This expansion also

excluded such holding

have from $1.0 billion

to $3.0 billion.

This expansion also excluded

the Dodd-Frank

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Notice and Approval Requirements Related to Control

seeks to acquire

direct or indirect

“control” of an

FDIC-insured depository

include the BHC

the Change in Bank

acquire direct or

indirect “control” of

an FDIC-insured depository

in Bank Control Act.

Among other things,

these laws require regulatory filings

by individuals or entities that

these laws require regulatory filings by

individuals or entities that seek to

direct or indirect

an FDIC-insured

determination

"controls" a depository

institution is based

depository institution.

The determination

depository institution is based

the facts and

circumstances surrounding

the investment.

matter, a party is deemed to conclusively control a depository institution or other

company if the party owns or controls 25%

or more of any class of

circumstances surrounding the investment.

a general matter, a party

is deemed to conclusively control a depository institution or

other company if the party owns or

controls 25% or more of any

voting stock.

Subject to rebuttal, a party may

be presumed to control a depository institution or

company if the investor owns or controls 10% or more of any class

of voting stock (and the entity’s securities are registered

under the Exchange Act or, if not, the investor would be

the largest shareholder).

Except under limited circumstances, bank

holding companies are prohibited from acquiring, without prior

approval, control of any other bank or

institution or

other company

the investor owns or controls

10% or more of any class

of voting stock (and the entity’s

securities are registered under the

Exchange Act or,

investor would be

shareholder).

limited circumstances,

substantially all

the voting shares

bank holding company

or substantially all the assets thereof or more than 5% of the voting shares of a bank or bank holding company which is not

already a subsidiary.

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during periods

USCB Financial Holdings, Inc.

adversity and

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Such support may be

USCB Financial Holdings, Inc.

required at times when, absent this statutory and Federal Reserve policy requirement, a bank holding company may not be

holding company’s failure

its obligations

its subsidiary

banks will generally be considered

by the Federal Reserve to

be an unsafe and unsound

banking practice or a violation

the Federal Reserve’s regulations, or both.

inclined or able to provide it.

A bank holding company’s

failure to meet its obligations to serve as a source of strength to

subsidiary banks will

generally be considered

by the Federal

Reserve to be

an unsafe and

unsound banking practice

violation of the Federal Reserve’s regulations,

Safety and Soundness Regulation

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call reports,

the FDIC and FOFR.

the FDIC and the FOFR.

The federal banking

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is not a financial holding company.

USCB Financial Holdings, Inc.

In addition, as a general matter, the establishment or acquisition

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a non-bank entity,

USCB Financial Holdings, Inc.

reasonably be expected

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properties, which carry

investment securities (including,

primarily, general obligation claims on

revenue bonds, which have a 50% risk-weight,

and direct obligations of the U.S.

Treasury or obligations backed

rating, and certain

past due loans

which are assigned

Most investment

securities (including,

general obligation

other political

subdivisions of

be assigned to

state revenue bonds,

risk-weight, and

obligations of the U.S.

or obligations backed by the full faith

and credit of the U.S.

which have a 0%

In covering off

-balance sheet items, direct

credit substitutes, including

general guarantees and standby

of credit backing

financial obligations,

100% conversion

Transaction-related

contingencies

unconditionally cancelable commitments have a 0% factor.

contingencies such

bonds, standby

credit backing

nonfinancial obligations,

commitments (including

commercial credit

lines with an

initial maturity

one year) have

a 50% conversion

Short-term commercial

letters of credit

are converted at 20% and certain short-term unconditionally

cancelable commitments have a 0% factor.

organizations.

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flows through to regulatory

capital, however, community banks

and their holding companies (if any) were allowed to make

a one-time irrevocable opt-out election to continue to treat AOCI

however, community banks

and their holding companies (if any) were allowed to make a

one-time irrevocable opt-out election to continue to treat AOCI

regulations for

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community banks

with less than

$15 billion in

total assets to

continue to count

certain non-qualifying

capital instruments issued

with less than $15.0 billion in total assets to continue to count certain non-qualifying capital instruments issued prior to May

19, 2010 as Tier 1 capital, including trust preferred securities

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capital treatment.

At December 31, 2024, we had no

such investments.

amendments to the

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the asset threshold

the provisions

$1.0 billion.

to qualify to utilize the

provisions of the SBHC

Policy from $500.0

million to $1.0 billion.

Subsequently,

as part of the

holding companies

USCB Financial Holdings, Inc.

subject to compliance with

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assets exceed

USCB Financial Holdings, Inc.

the Federal Reserve

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leverage ratio of

total consolidated

sheet exposures

Bank is a qualifying

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Century Bank has

elected not to opt

in to the CBLR

elected not to opt in

to the CBLR framework

at this time and will continue to follow the Basel III capital

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“well capitalized”

“Regulatory Matters” of the Consolidated Financial Statements

included in Item 8 of this Form 10-K for further details.

“Regulatory Matters”

of the Consolidated

Financial Statements

Annual Report

further details.

Prompt Corrective Action

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construction)

institution’s

commercial real

estate portfolio

has increased

identified for

further supervisory analysis of a potential concentration risk.

capital and the outstanding balance of the

institution’s commercial real estate portfolio has increased by 50% or

prior 36 months, may be identified for further supervisory

analysis of a potential concentration

USCB Financial Holdings, Inc.

As of December

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to total risk-based

USCB Financial Holdings, Inc.

366% and the outstanding balance of

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risk management practices that address key elements,

including board and management oversight and strategic

including board and management oversight and

strategic planning,

portfolio management,

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commercial real

the commercial

concentration,

appropriate actions, as necessary.

address the commercial

real estate lending

concentration, the Bank

has previously established

real estate lending framework to

monitor specific exposures and

limits by types within the commercial

real estate portfolio,

including, among other

things, annual stress testing

of the commercial real

estate portfolio, and takes

appropriate actions,

as necessary.

Payment of Dividends and Share Repurchases

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condition imposed

written agreement

with, the Federal Reserve.

of December 31, 2023, USCB

Financial Holdings, Inc.

not subject to

provide prior notification to the Federal Reserve prior to

effecting proposed share repurchases.

supervisory restrictions on

to pay dividends

Federal Reserve in

advance of any

proposed dividend

to the Company's shareholders in

light of the Bank's

negative retained earnings.

we will provide prior

to the Federal Reserve prior to effecting proposed share

Incentive Compensation

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or principal shareholder.

USCB Financial Holdings, Inc.

In June 2010,

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incentive compensation

USCB Financial Holdings, Inc.

arrangements should (i)

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effective controls and risk

and (iii) be supported

by strong corporate governance,

and (iii) be supported by

strong corporate governance,

including active and effective

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controls, is controlled by

holding company

are affiliates of

financial institution.

Generally, Section 23A limits

company of an insured financial institution

(such as the Company) and any

companies which are controlled by such holding

financial institution or its

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23B transactions

also include the provision of services and the sale of assets

by an insured financial institution to an affiliate.

the provision

institution to

an affiliate.

loans or other

extensions of

credit by the

financial institution

to the affiliate

collateralized in

accordance with

requirements set for in Section 23 of the Federal Reserve

Sections 22(g)

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22(g) places additional

restrictions on

executive officers.

in compliance

restrictions on loans to executive officers.

31, 2024, the Bank was in compliance with the above

restrictions.

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examination and enforcement powers with respect to FDIC-insured

USCB Financial Holdings, Inc.

institutions.

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of supervisory concern the institution poses to the regulators.

USCB Financial Holdings, Inc.

Under the current

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and then applies

a pricing multiplier

that is the same

a pricing multiplier that

is the same for

all institutions.

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by multiplying

assessment base by the total base assessment rate.

assessment base

assessment rate.

Assessment rates

insured depository

institutions with

than $10.0 billion of assets range from 2.5 to 32 basis points

of each institution’s total assets less tangible

In October 2022, the FDIC finalized a

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and procedures established by the Board of Trustees

USCB Financial Holdings, Inc.

of Atlanta, we are

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each calendar

our outstanding

$18.0 million),

outstanding advances

(borrowings) from

under the activity-based stock ownership requirement.

USCB Financial Holdings, Inc.

Anti-Money Laundering Regulation

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Bank Secrecy Act of 1970, as amended (“BSA”), and the

regulations issued

Department of

Florida Control

Money Laundering

and Terrorist

Financial Institutions

institutions are

prohibited from

into specified

relationships

meet enhanced

standards for

regulations issued by the Department of the Treasury

in 31 CFR Chapter X, FDIC

Section 326.8 of the FDIC’s regulations

and the Florida Control of

Money Laundering and Terrorist

Financing in Financial Institutions

Financial institutions are

prohibited from entering into specified financial transactions and account relationships and must meet enhanced standards

diligence and

“knowing your customer”

in their dealings

with foreign financial institutions,

foreign customers and other

high risk customers.

relationships

against money laundering

and to report transactions

that meet certain

dollar amount thresholds

any suspicious

transactions.

Recent laws, such as the USA PATRIOT

Act, enacted in 2001, as described below,

provide law enforcement

authorities with increased access to financial information maintained

foreign financial

institutions,

foreign customers

other high risk

institutions must also

take reasonable steps

to conduct enhanced

scrutiny of account

relationships to

guard against

money laundering

report transactions

certain dollar

amount thresholds

suspicious transactions.

law enforcement authorities with increased access to financial

information maintained by banks.

Anti-money laundering

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whistleblower

USCB Financial Holdings, Inc.

uniform beneficial

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and other similar

registered to

do business in

CTA authorizes U.S.

Treasury’s Financial Crimes

Network (“FinCEN”) to collect that information and share it with authorized government authorities and

financial institutions,

controls designed to comply with the BSA, the AML Act, the

CTA and the USA

USCB Financial Holdings, Inc.

formed or registered to do business in the United States.

authorizes FinCEN to collect that information and share

authorized government authorities

and financial institutions,

effective safeguards and

constitutionality

preliminary injunction staying the CTA.

However, a separate nationwide

stay of the CTA

issued earlier in January 2025 by

district court

Supreme Court’s

district court

stayed the preliminary relief granted

in its early January

2025, order, including the nationwide stay

19, 2025, FinCEN published an

updated alert stating that,

in view of the U.S.

court’s decision, beneficial

reporting companies filing initial, updated

and corrected beneficial ownership

reports to March 21, 2025

(30 calendar days

Subsequently,

FinCEN issued regulations regarding

access to the beneficial ownership

information collected under the CTA.

affiliates have adopted

policies, procedures and

controls designed to comply

with the BSA, the AML

The Office of Foreign Assets Control

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the Equal Credit

Opportunity Act and

Regulation B, prohibiting

discrimination on the

basis of race,

Opportunity Act

and Regulation

B, prohibiting

discrimination on

or other prohibited factors in extending credit;

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of financial records;

USCB Financial Holdings, Inc.

Check Clearing for

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provisions of the GLB

Act and related regulations,

USCB Financial Holdings, Inc.

nonaffiliated

require disclosure of

privacy policies to consumers

and, in some circumstances,

allow consumers to

prevent disclosure of

Act and related laws

and regulations,

including Florida laws, we are limited in our ability

to disclose non-public information about consumers

to nonaffiliated third

circumstances,

nonaffiliated

guidelines for establishing information security standards

and cybersecurity programs for implementing safeguards.

information technology and the use of third parties in the

provision of financial services.

account numbers or

access codes to

non-affiliated third parties for

marketing purposes.

banking agencies, including

cybersecurity

implementing safeguards.

These guidelines,

along with related

regulatory materials, increasingly focus

on risk management

and processes related to information technology and the

use of third parties in the provision of financial services.

computer-security

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supervise and examine

institutions with more than

$10 billion in assets for

compliance with federal consumer

The authority to

supervise and

institutions with more than $10.0 billion

in assets for compliance with federal

consumer laws.

The authority to supervise

examine depository institutions with

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certain institutions.

USCB Financial Holdings, Inc.

The Volcker Rule

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further requires

USCB Financial Holdings, Inc.

subject to analogous state CRA requirements

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the institution's

is made available to

the public at

www.ffiec.gov/craratings.

October 2022, U.S.

Century Bank received an overall

rating of "Satisfactory."

Following its most

recent CRA performance

evaluation in April

2023, the Bank received an overall rating of "Satisfactory."

In October 2023, the

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revise the regulations implementing the

The final rule takes effect

on April 1, 2024, with

staggered compliance dates;

the applicability date

for most of the provisions

The final rule took effect on April 1, 2024, with staggered compliance dates;

the applicability date for most of the provisions

expand access

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“Retail Lending Test” is established

except with banks with

total assets of less

than $600.0 million as

of December 31

in either of the

prior two calendar years

have the option to maintain

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around a bank’s main office, branches, and deposit-taking remote service facilities (e.g., ATMs).

The final rule allows

The final rule allows banks

to receive CRA credit for any qualified community development

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at the “discount

USCB Financial Holdings, Inc.

requirements against member banks’ deposits

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capital or modify our

USCB Financial Holdings, Inc.

opportunities

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Federal Securities Laws and the Sarbanes-Oxley Act

USCB Financial Holdings, Inc.’s Class A

common stock is registered with

the SEC under Section

12(b) of the Securities

Exchange Act of 1934.

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requirements and restrictions, and certain other requirements

under the Securities Exchange Act of 1934.

under the Exchange Act.

As a public company,

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the Sarbanes-Oxley Act of 2002 (“SOA”), which

is applicable to all companies, both U.S.

and non-U.S., that file periodic reports

under the Securities Exchange Act of 1934.

The stated goals of

the SOA were to increase

corporate responsibility, to provide for enhanced penalties for accounting and

improprieties

corporate disclosures

the securities

responsible for

establishing rules

provisions of

includes specific

is applicable to all companies,

and non-U.S., that

file periodic reports under

the Exchange Act.

responsibility,

improprieties at

publicly traded

companies and

improving the

reliability of

disclosures pursuant to

the securities laws.

responsible for establishing

rules to implement

various provisions

disclosure requirements

and corporate

governance rules,

SEC and securities exchanges to adopt

extensive additional disclosure, corporate

governance and other related rules

rules, requires

securities exchanges to adopt extensive additional disclosure, corporate governance and other related rules and mandates

further studies

represents significant

regulation of

the accounting

profession and

1 unchanged sentence

practices, such

directors and

and between a board of directors and its committees.

relationship between

and management

board of directors and its committees.

Financial Holdings,

3 unchanged sentences

financial officer

required to certify that the Corporation’s quarterly and

annual reports do not contain any untrue

statement of a material fact.

required to certify that

the Company’s quarterly

and annual reports

do not contain any

untrue statement of

a material fact.

The rules adopted by

3 unchanged sentences

officers certify that:

are responsible for establishing, maintaining and regularly evaluating the effectiveness

of our internal control over financial

are responsible for establishing, maintaining and regularly evaluating the

effectiveness of our internal control over financial

certain disclosures

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their independent auditor assessing

the effectiveness of their ICFR.

USCB Financial Holdings,

meets the amended definition and is not required to provide

an attestation report from its independent

auditor assessing the effectiveness of its ICFR.

addition, as long it is

emerging growth company,

such auditor attestation

requirement will not

apply to USCB

Financial Holdings, Inc.

remains subject to

independent auditor attestation required

the effectiveness

of their ICFR.

The Company meets

the amended definition

of an accelerated

January 1, 2025

and would normally be required to provide an attestation report from its independent auditor assessing

the effectiveness of

However, as long it is an eligible emerging growth company,

such auditor attestation requirement will not apply to

Bank remains subject

to independent auditor

attestation required

under FDIC regulations

forth at 12 C.F.R.

USCB Financial Holdings, Inc.

Available Information

www.uscentury.com.

Reports on Form 10-K,

Quarterly Reports on

Form 10-Q, Current

Reports on Form

8-K, and if applicable,

amendments to

those reports)

are available

as reasonably

practicable after

electronically

information that is filed.

Our electronic

holding company

reorganization) and the SEC (including

all Annual Reports on

Form 10-K, Quarterly Reports on

Form 10-Q, Current Reports

reasonably practicable after

they are electronically

filed with, or furnished

The information

our website is not incorporated into this Annual

Report on Form 10-K.

In addition, the FDIC

and the SEC each maintains a

website that contains reports and other information that

USCB Financial Holdings, Inc.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business