FIRST US BANCSHARES, INC. Segments Disclosure
Bancshares is a bank holding company. Bancshares operates one banking subsidiary, the Bank. The Bank reporting unit is the reportable segment of the Company. The Bank conducts a general commercial banking business and offers banking
services such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank provides a wide range of commercial banking services to small- and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and currently conducts this lending in 17 states. Other than this indirect lending program, the Bank derives its revenue primarily in the southeast United States. The Bank does not have any customers that produce revenues of 10% or more.
The Company's chief operating decision makers (the "CODM") consist of a group of senior executive officers of Bancshares and the Bank that includes the
The CODM uses net income to evaluate income generated from segment assets in deciding whether to reinvest profits into the Bank segment or into other parts of the entity, such as for acquisitions or to pay dividends. Net income is used to monitor budget versus actual results. The CODM also uses net income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.
The accounting policies of the Bank segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the Bank segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets.
The table below provides information related to the Company's Bank operating segment for the years ended December 31, 2025 and 2024:
|
|
Bank Segment |
|
|||||
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
|
|
(Dollars in Thousands) |
|
|||||
Income: |
|
|
|
|
|
|
||
Interest income |
|
$ |
59,415 |
|
|
$ |
58,260 |
|
Non-interest income |
|
|
3,579 |
|
|
|
3,583 |
|
Total income |
|
|
62,994 |
|
|
|
61,843 |
|
Less: |
|
|
|
|
|
|
||
Interest expense |
|
|
21,957 |
|
|
|
22,111 |
|
Provision for credit losses |
|
|
4,031 |
|
|
|
622 |
|
Salaries and employee benefits |
|
|
15,273 |
|
|
|
15,460 |
|
Net occupancy and equipment |
|
|
3,796 |
|
|
|
3,761 |
|
Computer services |
|
|
1,707 |
|
|
|
1,687 |
|
Insurance expense and assessments |
|
|
1,409 |
|
|
|
1,510 |
|
Fees for professional services |
|
|
1,349 |
|
|
|
1,184 |
|
Postage, stationery and supplies |
|
|
581 |
|
|
|
560 |
|
Telephone/data communication |
|
|
795 |
|
|
|
779 |
|
Collection and recoveries |
|
|
293 |
|
|
|
169 |
|
Directors fees |
|
|
404 |
|
|
|
380 |
|
Software amortization |
|
|
454 |
|
|
|
356 |
|
Other real estate/foreclosure expense, net |
|
|
269 |
|
|
|
230 |
|
Outside services |
|
|
405 |
|
|
|
299 |
|
Other segment items (1) |
|
|
2,335 |
|
|
|
1,981 |
|
Provision for income taxes |
|
|
1,944 |
|
|
|
2,584 |
|
Consolidated net income |
|
$ |
5,992 |
|
|
$ |
8,170 |
|
(1) Other segment items includes expenses for advertising, travel and business development, and life insurance.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 18, 2020 | |
| 2018 | Mar 15, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 15, 2017 | |
| 2015 | Mar 11, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.