First US Bancshares, Inc. (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Balance Sheets

	Year Ended December 31,
	2019		2018
	(Dollars in Thousands)
Assets:
Cash on deposit	$	476	$	265
Investment in subsidiaries		84,186		79,097
Other assets		246		326
Total assets	$	84,908	$	79,688
Liabilities:
Other liabilities	$	160	$	251
Shareholders’ equity		84,748		79,437
Total liabilities and shareholders’ equity	$	84,908	$	79,688

Statements of Operations

	Year Ended December 31,
	2019		2018
	(Dollars in Thousands)
Income:
Dividend income, First US Bank	$	3,104	$	976
Total income	$	3,104	$	976
Expense		924		831
Gain before equity in undistributed income of subsidiaries	$	2,180	$	145
Equity in undistributed income of subsidiaries		2,386		2,345
Net income	$	4,566	$	2,490

Statements of Cash Flows

	Year Ended December 31,
	2019			2018
	(Dollars in Thousands)
Cash flows from operating activities:
Net income	$	4,566		$	2,490
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions in excess of undistributed income of subsidiaries		(2,385	)		(2,345	)
Change in other assets and liabilities		69			256
Net cash provided by operating activities		2,250			401
Cash flows from investing activities:
Cash paid for acquisition		—			(22,099	)
Net cash used in investing activities		—			(22,099	)
Cash flows from financing activities:
Dividends paid		(561	)		(495	)
Dividends received		—			22,099
Treasury stock repurchases		(1,478	)		—
Net cash (used in) provided by financing activities		(2,039	)		21,604
Net increase (decrease) in cash		211			(94	)
Cash at beginning of year		265			359
Cash at end of year	$	476		$	265