| Condensed Financial Information of Parent Company Only Disclosure |
21.FIRST US BANCSHARES, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION Balance Sheets
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Year Ended December 31, |
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2025 |
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2024 |
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(Dollars in Thousands) |
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Assets: |
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Cash on deposit |
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$ |
6,713 |
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$ |
2,716 |
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Investment in subsidiary |
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109,607 |
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106,167 |
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Other assets |
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519 |
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718 |
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Total assets |
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$ |
116,839 |
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$ |
109,601 |
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Liabilities: |
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Other liabilities |
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$ |
246 |
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$ |
105 |
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Long-term borrowings |
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10,945 |
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10,872 |
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Shareholders’ equity |
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105,648 |
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98,624 |
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Total liabilities and shareholders’ equity |
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$ |
116,839 |
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$ |
109,601 |
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Statements of Operations
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Year Ended December 31, |
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2025 |
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2024 |
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(Dollars in Thousands) |
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Income: |
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Dividend income, First US Bank |
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$ |
8,348 |
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$ |
5,541 |
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Total income |
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8,348 |
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5,541 |
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Expense |
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1,488 |
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1,450 |
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Gain before equity in undistributed income of subsidiary |
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6,860 |
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4,091 |
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Equity in undistributed income of subsidiary |
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(868 |
) |
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4,079 |
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Net income |
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$ |
5,992 |
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$ |
8,170 |
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Statements of Cash Flows
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Year Ended December 31, |
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2025 |
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2024 |
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(Dollars in Thousands) |
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Cash flows from operating activities: |
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Net income |
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$ |
5,992 |
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$ |
8,170 |
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Adjustments to reconcile net income to net cash provided
by operating activities: |
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Distributions in excess of undistributed income
of subsidiary |
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868 |
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(4,079 |
) |
Change in other assets and liabilities |
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413 |
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(388 |
) |
Net cash provided by operating activities |
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7,273 |
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3,703 |
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Cash flows from financing activities: |
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Net share-based compensation transactions |
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93 |
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64 |
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Dividends paid |
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(1,608 |
) |
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(1,264 |
) |
Treasury stock repurchases |
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(1,761 |
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(1,643 |
) |
Net cash used in financing activities |
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(3,276 |
) |
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(2,843 |
) |
Net increase in cash |
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3,997 |
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|
860 |
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Cash at beginning of year |
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2,716 |
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1,856 |
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Cash at end of year |
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$ |
6,713 |
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$ |
2,716 |
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