First US Bancshares Inc
fusb.comWhat Do They Do?
Provides deposit accounts, personal and commercial loans, and other banking services to small and midsize businesses and individuals.
10-K for FY2025, filed Mar 12, 2026The Bank conducts a general commercial banking business and offers banking services such as demand, savings, individual retirement account…View ↗
How Do They Make Money?
Earns most revenue from interest on loans and investment securities under written contracts, with loan fees spread across the loan term. It also charges deposit fees when items are returned or overdrafts are covered, monthly for some account services, and monthly rent on leased offices.
10-K for FY2025, filed Mar 12, 2026The majority of the Company’s revenue is generated through interest earned on financial instruments, including loans and investment…View ↗
Service charges on deposit accounts include non-sufficient fund fees, overdraft fees and other service charges. When a depositor presents…View ↗
The Bank leases certain office facilities to third parties and classifies the leases as operating leases. Lease income is recognized on a…View ↗
$1.1M
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10-K for FY2025, filed Mar 12, 2026
$1.1M ↗
Who Are Their Customers?
Small and midsize businesses and individuals use the bank's commercial services through its offices; consumer loans are also offered through third-party retailers.
10-K for FY2025, filed Mar 12, 2026The Bank conducts a general commercial banking business and offers banking services such as demand, savings, individual retirement account…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 797 cents into free cash flow.
How Are They Changing?
Shrinking. Revenue fell 97% in 4 years, from $39.9M in FY2021 to $1.1M in FY2025, about 59% a year.
Finance and insurance wind-down
The older report described a finance company servicing its remaining loan portfolio and an insurance subsidiary winding down; the latest describes the bank as the company's operating segment.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 12, 2026The Bank has two wholly owned subsidiaries: Acceptance Loan Company, Inc., an Alabama corporation (“ALC”), and FUSB Reinsurance, Inc., an…View ↗
The Bank owns all of the stock of ALC. ALC is a finance company headquartered in Mobile, Alabama. During the third quarter of 2021, ALC…View ↗
FUSB Reinsurance was designed to reinsure or “underwrite” credit life and credit accident and health insurance policies sold to the Bank’s…View ↗
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