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

12 Months Ended

Dec. 31, 2021

Disclosure Text Block [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

22. FIRST US BANCSHARES, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

Balance Sheets

		Year Ended December 31,
		2021				2020
		(Dollars in Thousands)
Assets:
Cash on deposit		$	5,890			$	419
Investment in subsidiaries			95,172				86,102
Other assets			83				104
Total assets		$	101,145			$	86,625
Liabilities:
Other liabilities		$	428			$	(53	)
Long-term borrowings		$	10,653				—
Shareholders’ equity			90,064				86,678
Total liabilities and shareholders’ equity		$	101,145			$	86,625

Statements of Operations

		Year Ended December 31,
		2021				2020
		(Dollars in Thousands)
Income:
Dividend income, First US Bank		$	1,570			$	2,167
Total income		$	1,570			$	2,167
Expense			1,055				1,046
Gain before equity in undistributed income of subsidiaries		$	515			$	1,121
Equity in undistributed income of subsidiaries			3,936				1,586
Net income		$	4,451			$	2,707

Statements of Cash Flows

		Year Ended December 31,
		2021				2020
		(Dollars in Thousands)
Cash flows from operating activities:
Net income		$	4,451			$	2,707
Adjustments to reconcile net income to net cash provided    by operating activities:
Distributions in excess of undistributed income    of subsidiaries			(3,936	)			(1,586	)
Change in other assets and liabilities			580				14
Net cash provided by operating activities			1,095				1,135
Cash flows from investing activities:
Investment in subsidiaries			(5,000	)			—
Net cash used in investing activities			(5,000	)			—
Cash flows from financing activities:
Net proceeds from long-term borrowings			10,653				—
Net share-based compensation transactions			(7	)			—
Dividends paid			(745	)			(740	)
Treasury stock repurchases			(525	)			(452	)
Net cash provided by (used in) in financing activities			9,376				(1,192	)
Net increase (decrease) in cash			5,471				(57	)
Cash at beginning of year			419				476
Cash at end of year		$	5,890			$	419

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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X

- References

No definition available.

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