First US Bancshares, Inc. (FUSB) financial statements (2022 and earlier)

Company profile

Business Address 3291 U.S. HIGHWAY 280
BIRMINGHAM, AL 35243
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61,24494,41557,03049,59927,12423,53044,072
Cash and cash equivalents61,24494,41557,03049,59927,12423,53044,072
Total current assets:61,24494,41557,03049,59927,12423,53044,072
Noncurrent Assets
Operating lease, right-of-use asset2,2453,0703,543
Property, plant and equipment25,12328,20629,21627,64326,43318,34012,084
Long-term investments and receivables   5555
Long-term investments   5555
Intangible assets, net (including goodwill)8,0698,4108,8259,312   
Goodwill7,4357,4357,4357,435   
Intangible assets, net (excluding goodwill)6349751,3901,877   
Total noncurrent assets:35,43739,68641,58436,96026,43818,34512,089
Other undisclosed assets861,621756,410690,124705,380572,019565,017519,621
TOTAL ASSETS:958,302890,511788,738791,939625,581606,892575,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,04610,01710,02552715,59410,1197,354
Total current liabilities:10,04610,01710,02552715,59410,1197,354
Noncurrent Liabilities
Other undisclosed liabilities858,192793,816693,965711,975533,779520,532492,112
Total liabilities:868,238803,833703,990712,502549,373530,651499,466
Stockholders' equity
Stockholders' equity attributable to parent90,06486,67884,74879,44876,21976,25276,329
Common stock75757575737373
Treasury stock, value(22,326)(21,853)(21,850)(20,414)(20,414)(20,764)(20,817)
Additional paid in capital14,16313,78613,81413,49610,75510,7869,844
Accumulated other comprehensive income (loss)(276)(52)(46)(2,377)(868)(1,277)536
Retained earnings98,42894,72292,75588,66886,67387,43486,693
Stockholders' equity attributable to noncontrolling interest   (11)(11)(11)(13)
Total stockholders' equity:90,06486,67884,74879,43776,20876,24176,316
TOTAL LIABILITIES AND EQUITY:958,302890,511788,738791,939625,581606,892575,782

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues40,01040,94944,22836,32133,30532,41632,125
Net investment income39,79240,06742,40036,32130,71029,96229,780
Cost of revenue(2,010)(2,945)(2,714)(492)(369)(322)(398)
Cost of goods and services sold   (492)(369)(322)(398)
Provision for loan, lease, and other losses(2,010)(2,945)(2,714) 
Gross profit:38,00038,00441,51435,82932,93632,09431,727
Operating income:38,00038,00441,51435,82932,93632,09431,727
Nonoperating income
(Bank Owned Life Insurance Income)
439433431    
Interest and debt expense(2,950)(4,611)(6,646)(4,350)(2,706)(2,271)(2,289)
Income from continuing operations before equity method investments, income taxes:35,48933,82635,29931,47930,23029,82329,438
Other undisclosed loss from continuing operations before income taxes(29,763)(30,294)(29,487)(28,088)(27,606)(28,430)(25,892)
Income from continuing operations before income taxes:5,7263,5325,8123,3912,6241,3933,546
Income tax expense(1,275)(825)(1,246)(901)(3,035)(169)(951)
Net income (loss) available to common stockholders, diluted:4,4512,7074,5662,490(411)1,2242,595

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4,4512,7074,5662,490(411)1,2242,595
Other comprehensive income (loss)(224)(6)2,331(1,509)545(1,813)(1,293)
Comprehensive income (loss):4,2272,7016,897981134(589)1,302
Comprehensive income (loss), net of tax, attributable to noncontrolling interest898(1,326)(3)    
Comprehensive income (loss), net of tax, attributable to parent:5,1251,3756,894981134(589)1,302

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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