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First US Bancshares, Inc. (Parent Company Only) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2024
Table Text Block [Abstract]  
Balance Sheet

Balance Sheets

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands)

 

Assets:

 

 

 

 

 

 

Cash on deposit

 

$

2,716

 

 

$

1,856

 

Investment in subsidiaries

 

 

106,167

 

 

 

99,395

 

Other assets

 

 

718

 

 

 

343

 

Total assets

 

$

109,601

 

 

$

101,594

 

Liabilities:

 

 

 

 

 

 

Other liabilities

 

$

105

 

 

$

201

 

Long-term borrowings

 

 

10,872

 

 

 

10,799

 

Shareholders’ equity

 

 

98,624

 

 

 

90,594

 

Total liabilities and shareholders’ equity

 

$

109,601

 

 

$

101,594

 
Income Statement

Statements of Operations

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands)

 

Income:

 

 

 

 

 

 

Dividend income, First US Bank

 

$

5,541

 

 

$

3,460

 

Total income

 

 

5,541

 

 

 

3,460

 

Expense

 

 

1,450

 

 

 

1,362

 

Gain before equity in undistributed income of subsidiaries

 

 

4,091

 

 

 

2,098

 

Equity in undistributed income of subsidiaries

 

 

4,079

 

 

 

6,387

 

Net income

 

$

8,170

 

 

$

8,485

 
Cash Flow Statement

Statements of Cash Flows

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands)

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

8,170

 

 

$

8,485

 

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

 

 

 

 

 

 

Distributions in excess of undistributed income
   of subsidiaries

 

 

(4,079

)

 

 

(6,387

)

Change in other assets and liabilities

 

 

(388

)

 

 

(475

)

Net cash provided by operating activities

 

 

3,703

 

 

 

1,623

 

Cash flows from financing activities:

 

 

 

 

 

 

Net share-based compensation transactions

 

 

64

 

 

 

(25

)

Dividends paid

 

 

(1,264

)

 

 

(1,175

)

Treasury stock repurchases

 

 

(1,643

)

 

 

(1,422

)

Net cash used in financing activities

 

 

(2,843

)

 

 

(2,622

)

Net increase (decrease) in cash

 

 

860

 

 

 

(999

)

Cash at beginning of year

 

 

1,856

 

 

 

2,855

 

Cash at end of year

 

$

2,716

 

 

$

1,856