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First US Bancshares, Inc. (Parent Company Only) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2022
Table Text Block [Abstract]  
Balance Sheet

Balance Sheets

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Assets:

 

 

 

 

 

 

Cash on deposit

 

$

2,855

 

 

$

5,890

 

Investment in subsidiaries

 

 

93,414

 

 

 

95,172

 

Other assets

 

 

78

 

 

 

83

 

Total assets

 

$

96,347

 

 

$

101,145

 

Liabilities:

 

 

 

 

 

 

Other liabilities

 

$

485

 

 

$

428

 

Long-term borrowings

 

 

10,726

 

 

 

10,653

 

Shareholders’ equity

 

 

85,136

 

 

 

90,064

 

Total liabilities and shareholders’ equity

 

$

96,347

 

 

$

101,145

 

 
Income Statement

Statements of Operations

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Income:

 

 

 

 

 

 

Dividend income, First US Bank

 

$

3,463

 

 

$

1,570

 

Total income

 

 

3,463

 

 

 

1,570

 

Expense

 

 

1,320

 

 

 

1,055

 

Gain before equity in undistributed income of subsidiaries

 

 

2,143

 

 

 

515

 

Equity in undistributed income of subsidiaries

 

 

4,721

 

 

 

3,936

 

Net income

 

$

6,864

 

 

$

4,451

 
Cash Flow Statement

Statements of Cash Flows

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

6,864

 

 

$

4,451

 

Adjustments to reconcile net income to net cash provided
   by operating activities:

 

 

 

 

 

 

Distributions in excess of undistributed income
   of subsidiaries

 

 

(4,721

)

 

 

(3,936

)

Change in other assets and liabilities

 

 

135

 

 

 

580

 

Net cash provided by operating activities

 

 

2,278

 

 

 

1,095

 

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

 

 

(832

)

 

 

(745

)

Treasury stock repurchases

 

 

(4,481

)

 

 

(525

)

Net cash provided by (used in) in financing activities

 

 

(5,313

)

 

 

9,376

 

Net increase (decrease) in cash

 

 

(3,035

)

 

 

5,471

 

Cash at beginning of year

 

 

5,890

 

 

 

419

 

Cash at end of year

 

$

2,855

 

 

$

5,890