FIRST US BANCSHARES, INC.
Business
First US Bancshares, Inc. is a bank holding company that operates First US Bank, a full-service commercial bank offering demand deposits, savings accounts, individual retirement accounts, time deposits, personal and commercial loans, and safe deposit box services. The Bank serves small- and medium-sized businesses, professionals, and individuals through 15 branch offices across Alabama, Tennessee, and Virginia, plus loan production offices and indirect lending across 17 states. The company operates as a single reportable segment providing general commercial banking services.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 52 | 51 | 48 | 38 | 38 | |
| Interest on investment securities | 6 | 4 | 3 | 3 | 2 | |
| Interest on deposits in banks | 2 | 2 | 2 | 439,000 | — | |
| Other | 306,000 | 435,000 | 188,000 | 75,000 | — | |
| Total interest income | 59 | 58 | 53 | 41 | 40 | |
| Interest on deposits | 21 | 22 | 14 | 3 | 3 | |
| Interest on borrowings | 1 | 562,000 | 1 | 874,000 | 281,000 | |
| Total interest expense | 22 | 22 | 15 | 4 | 3 | |
| Net interest income | 37 | 36 | 37 | 37 | 37 | |
| Provision for credit losses | 4 | 622,000 | 319,000 | 3 | — | |
| Net interest income after provision for credit losses | 33 | 36 | 37 | 34 | 35 | |
| Revenue from Contract with Customer, Including Assessed Tax | 1 | 1 | 1 | 1 | — | |
| Lease income | 1 | 1 | 949,000 | 864,000 | 830,000 | |
| Other income, net | 1 | 1 | 1 | 1 | 2 | |
| Total non-interest income | 4 | 4 | 3 | 3 | 4 | |
| Salaries and employee benefits | 15 | 15 | 16 | 16 | 19 | |
| Net occupancy and equipment | 4 | 4 | 3 | 3 | 4 | |
| Computer services | 2 | 2 | 2 | 2 | 2 | |
| Insurance expense and assessments | 1 | 2 | 2 | 1 | — | |
| Fees for professional services | 1 | 1 | 1 | 1 | 1 | |
| Other expense | 6 | 5 | 5 | 4 | 6 | |
| Total non-interest expense | 29 | 28 | 29 | 28 | 33 | |
| Income before income taxes | 8 | 11 | 11 | 9 | 6 | |
| Provision for income taxes | 2 | 3 | 3 | 2 | 1 | |
| Net income | 6 | 8 | 8 | 7 | 4 | |
| Basic net income per share | 1.03 | 1.4 | 1.42 | 1.13 | 0.7 | |
| Diluted net income per share | 1 | 1.33 | 1.33 | 1.06 | 0.66 | |
| Dividends per share | 0.28 | 0.22 | 0.2 | 0.14 | 0.12 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 9 | 11 | 13 | 12 | 11 | |
| Interest-bearing deposits in banks | 64 | 37 | 37 | 18 | 50 | |
| Total cash and cash equivalents | 74 | 47 | 50 | 30 | 61 | |
| Federal funds sold and securities purchased under reverse repurchase agreements | 5 | 6 | 9 | — | — | |
| Investment securities available-for-sale, at fair value (amortized cost $169,037 and $174,597; net of allowance for credit losses of $- and $-) | 168 | 168 | 136 | 131 | 131 | |
| Investment securities held-to-maturity, at amortized cost, net of allowance for credit losses of $- and $-, (fair value 2025 - $449, 2024 - $642) | 465,000 | 682,000 | 1 | 2 | 3 | |
| Federal Home Loan Bank stock, at cost | 791,000 | 1 | 1 | 1 | 870,000 | |
| Loans and leases held for investment | 853 | 823 | 822 | 774 | — | |
| Less allowance for credit losses on loans and leases | 11 | 10 | 11 | 9 | 8 | |
| Net loans and leases held for investment | 842 | 813 | 811 | 764 | 700 | |
| Premises and equipment, net of accumulated depreciation | 26 | 25 | 24 | 24 | 25 | |
| Cash surrender value of bank-owned life insurance | 17 | 17 | 17 | 16 | 16 | |
| Accrued interest receivable | 4 | 4 | 4 | 3 | 3 | |
| Goodwill and core deposit intangible, net | 7 | 7 | 8 | 8 | 8 | |
| Other real estate owned | 256,000 | 2 | 602,000 | 686,000 | 2 | |
| Other assets | 9 | 11 | 11 | 12 | 8 | |
| Total assets | 1,155 | 1,101 | 1,073 | 995 | 958 | |
| Non-interest-bearing | 154 | 156 | 154 | 170 | 175 | |
| Interest-bearing | 874 | 817 | 797 | 700 | 664 | |
| Total deposits | 1,028 | 973 | 950 | 870 | 838 | |
| Accrued interest expense | 3 | 2 | 2 | 607,000 | 224,000 | |
| Other liabilities | 8 | 7 | 9 | 8 | 9 | |
| Short-term borrowings | 0 | 10 | 10 | 20 | 10 | |
| Long-term borrowings | 11 | 11 | 11 | 11 | 11 | |
| Total liabilities | 1,049 | 1,002 | 982 | 910 | 868 | |
| Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,947,303 and 7,840,348 shares issued, respectively; 5,699,696 and 5,696,171 outstanding, respectively | 79,000 | 78,000 | 75,000 | 75,000 | 75,000 | |
| Additional paid-in capital | 16 | 16 | 15 | 15 | 14 | |
| Accumulated other comprehensive loss, net of tax | −780,000 | −4 | −6 | −7 | −276,000 | |
| Retained earnings | 121 | 117 | 110 | 104 | 98 | |
| Less treasury stock: 2,247,607 and 2,144,177 shares at cost, respectively | −31 | −30 | −28 | −27 | −22 | |
| Total shareholders equity | 106 | 99 | 91 | 85 | 90 | |
| Total liabilities and shareholders equity | 1,155 | 1,101 | 1,073 | 995 | 958 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 2 | 2 | |
| Provision for credit losses | 4 | 622,000 | 319,000 | 3 | — | |
| Deferred income tax expense | 50,000 | 583,000 | 133,000 | −367,000 | −401,000 | |
| Reclassification of unrealized gains on terminated derivative contracts | −194,000 | −864,000 | −1 | — | — | |
| Stock-based compensation expense | 744,000 | 617,000 | 596,000 | 485,000 | 436,000 | |
| Net accretion of securities | −750,000 | −281,000 | 28,000 | 195,000 | 338,000 | |
| Amortization of intangible assets | 49,000 | 122,000 | 195,000 | 268,000 | 341,000 | |
| Net loss on premises and equipment and other real estate | 194,000 | 151,000 | 621,000 | −207,000 | −53,000 | |
| Increase in cash surrender value of bank owned life insurance | −322,000 | −354,000 | −303,000 | — | — | |
| (Increase) decrease in accrued interest receivable | −328,000 | 388,000 | −965,000 | −455,000 | 251,000 | |
| Increase in other assets | −77,000 | −995,000 | −905,000 | 333,000 | 1 | |
| Increase (decrease) in accrued interest expense | 775,000 | −279,000 | 1 | 383,000 | −68,000 | |
| Increase (decrease) in other liabilities | 466,000 | −2 | 853,000 | −299,000 | −287,000 | |
| Net cash provided by operating activities | 12 | 8 | 13 | 13 | 10 | |
| Net decrease in federal funds sold and securities purchased under reverse repurchase agreements | 877,000 | 4 | −8 | — | — | |
| Purchases of investment securities, available-for-sale | −44 | −58 | −15 | −39 | −87 | |
| Proceeds from maturities and prepayments of investment securities, available-for-sale | 50 | 29 | 12 | 19 | 39 | |
| Proceeds from maturities and prepayments of investment securities, held-to-maturity | 216,000 | 421,000 | 755,000 | 2 | 3 | |
| Net decrease (increase) in Federal Home Loan Bank stock | 465,000 | −55,000 | 158,000 | −489,000 | 265,000 | |
| Net increase in loans | −35 | −4 | −50 | −70 | −65 | |
| Proceeds from the sale of premises and equipment and other real estate | 2 | 869,000 | 497,000 | 3 | 2 | |
| Purchases of premises and equipment | −3 | −2 | −1 | −1 | −822,000 | |
| Net cash used in investing activities | −28 | −30 | −60 | −80 | −108 | |
| Net increase in customer deposits | 55 | 22 | 80 | 32 | — | |
| Net decrease in short-term borrowings | −10 | 0 | −10 | 10 | 29,000 | |
| Net share-based compensation transactions | 93,000 | 64,000 | −25,000 | — | — | |
| Repurchases of common stock | −2 | −2 | −1 | −4 | −525,000 | |
| Dividends paid | −2 | −1 | −1 | −832,000 | −745,000 | |
| Net cash provided by financing activities | 42 | 20 | 68 | 37 | 65 | |
| Net increase (decrease) in cash and cash equivalents | 26 | −3 | 20 | −31 | −33 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is FIRST US BANCSHARES, INC.'s CIK number?
FIRST US BANCSHARES, INC.'s SEC CIK number is 0000717806 (717806). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find FIRST US BANCSHARES, INC.'s SEC filings?
All of FIRST US BANCSHARES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did FIRST US BANCSHARES, INC. last report earnings?
FIRST US BANCSHARES, INC. (FUSB) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191713). This is FIRST US BANCSHARES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is FIRST US BANCSHARES, INC.'s most recent earnings 8-K?
FIRST US BANCSHARES, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191713. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View FIRST US BANCSHARES, INC.'s latest earnings 8-K →
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