2024 Q1 Form 10-K Financial Statement

#000095017024031518 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $299.0K $13.95M $1.197M
YoY Change 4.91% 20.0% -97.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $192.0K $722.0K
YoY Change 13.61% 5.87%
% of Gross Profit
Depreciation & Amortization $428.0K $436.0K $1.776M
YoY Change -8.35% -6.84% -5.63%
% of Gross Profit
Operating Expenses $990.0K $5.142M
YoY Change -18.85% -9.38%
Operating Profit
YoY Change
Interest Expense $5.237M $4.835M $15.46M
YoY Change 107.32% 179.48% 263.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.758M $3.059M $11.27M
YoY Change 1.25% 4.19% 25.07%
Income Tax $651.0K $782.0K $2.786M
% Of Pretax Income 23.6% 25.56% 24.72%
Net Earnings $2.107M $2.277M $8.485M
YoY Change 1.69% 2.2% 23.62%
Net Earnings / Revenue 704.68% 16.33% 708.86%
Basic Earnings Per Share $0.36 $0.38 $1.42
Diluted Earnings Per Share $0.34 $0.36 $1.33
COMMON SHARES
Basic Shares Outstanding 5.787M 5.875M 5.965M
Diluted Shares Outstanding 6.277M 6.376M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $60.24M $50.28M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $25.04M $24.40M $24.40M
YoY Change 3.09% -0.17% -0.17%
Goodwill $7.435M $7.435M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.342M
YoY Change 3.93%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.071B $1.073B $1.073B
YoY Change 4.34% 7.87% 7.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.714M $2.030M $2.030M
YoY Change 103.8% 234.43% 234.43%
Accrued Expenses $1.980M $2.055M $2.055M
YoY Change 5.88% 4.79% 4.79%
Deferred Revenue
YoY Change
Short-Term Debt $15.00M $10.00M $10.00M
YoY Change -40.0% -50.09% -50.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.71M $12.03M $12.03M
YoY Change -35.32% 1881.88% 1881.88%
LONG-TERM LIABILITIES
Long-Term Debt $10.82M $10.80M $10.80M
YoY Change 0.68% 0.68% 0.68%
Other Long-Term Liabilities $7.416M $9.327M $9.327M
YoY Change -0.2% 14.64% 14.64%
Total Long-Term Liabilities $18.23M $20.13M $20.13M
YoY Change 0.32% 6.7% 6.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.71M $12.03M $12.03M
Total Long-Term Liabilities $18.23M $20.13M $20.13M
Total Liabilities $978.2M $982.3M $982.3M
YoY Change 3.86% 8.01% 8.01%
SHAREHOLDERS EQUITY
Retained Earnings $111.8M $110.0M
YoY Change 7.04% 5.26%
Common Stock $15.20M $15.05M
YoY Change 3.11% 3.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $28.03M $27.98M
YoY Change 4.99% 4.92%
Treasury Stock Shares
Shareholders Equity $92.33M $90.59M $90.59M
YoY Change
Total Liabilities & Shareholders Equity $1.071B $1.073B $1.073B
YoY Change 4.34% 7.87% 7.87%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.107M $2.277M $8.485M
YoY Change 1.69% 2.2% 23.62%
Depreciation, Depletion And Amortization $428.0K $436.0K $1.776M
YoY Change -8.35% -6.84% -5.63%
Cash From Operating Activities $825.0K $2.057M $13.07M
YoY Change -76.99% -32.04% 4.29%
INVESTING ACTIVITIES
Capital Expenditures $967.0K $484.0K $1.464M
YoY Change 595.68% -17.97% 16.01%
Acquisitions
YoY Change
Other Investing Activities $12.37M -$18.86M -$58.98M
YoY Change 431.77% 54.18% -25.28%
Cash From Investing Activities $11.40M -$19.35M -$60.45M
YoY Change 421.35% 50.86% -24.63%
FINANCING ACTIVITIES
Cash Dividend Paid $289.0K $1.175M
YoY Change -1.7% 41.23%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.264M 1.436M 67.51M
YoY Change -106.97% -54.11% 84.55%
NET CHANGE
Cash From Operating Activities 825.0K 2.057M 13.07M
Cash From Investing Activities 11.40M -19.35M -60.45M
Cash From Financing Activities -2.264M 1.436M 67.51M
Net Change In Cash 9.963M -15.85M 20.13M
YoY Change -73.97% 137.75% -164.73%
FREE CASH FLOW
Cash From Operating Activities $825.0K $2.057M $13.07M
Capital Expenditures $967.0K $484.0K $1.464M
Free Cash Flow -$142.0K $1.573M $11.60M
YoY Change -104.12% -35.45% 2.98%

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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Tax Noncontrolling Interest1
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CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
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CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Tax Noncontrolling Interest1
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Dividends Common Stock
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
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8485000
CY2022 us-gaap Profit Loss
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6864000
CY2023 fusb Depreciation And Amortization Of Property Plant And Equipment And Computer Programs
DepreciationAndAmortizationOfPropertyPlantAndEquipmentAndComputerPrograms
1581000
CY2022 fusb Depreciation And Amortization Of Property Plant And Equipment And Computer Programs
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1614000
CY2023 us-gaap Provision For Loan Lease And Other Losses
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CY2022 us-gaap Provision For Loan Lease And Other Losses
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2023 fusb Proceeds From Settlement Of Derivative Contracts
ProceedsFromSettlementOfDerivativeContracts
2166000
CY2022 fusb Proceeds From Settlement Of Derivative Contracts
ProceedsFromSettlementOfDerivativeContracts
324000
CY2023 fusb Reclassification Of Unrealized Gains On Terminated Derivative Contracts
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1160000
CY2023 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2023 us-gaap Amortization Of Intangible Assets
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195000
CY2022 us-gaap Amortization Of Intangible Assets
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CY2023 fusb Gains Losses On Sales Of Premises Equipment And Other Real Estate Held For Sale
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CY2022 fusb Gains Losses On Sales Of Premises Equipment And Other Real Estate Held For Sale
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207000
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
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965000
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
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455000
CY2023 us-gaap Increase Decrease In Other Operating Assets
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1208000
CY2022 us-gaap Increase Decrease In Other Operating Assets
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CY2023 us-gaap Increase Decrease In Interest Payable Net
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1423000
CY2022 us-gaap Increase Decrease In Interest Payable Net
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383000
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
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853000
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Increase Decrease In Federal Funds Sold
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CY2022 us-gaap Increase Decrease In Federal Funds Sold
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CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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11856000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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19250000
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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755000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1563000
CY2023 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
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CY2022 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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CY2023 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
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CY2022 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
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CY2023 fusb Proceeds From Sale Of Premises And Equipment And Other Real Estate
ProceedsFromSaleOfPremisesAndEquipmentAndOtherRealEstate
497000
CY2022 fusb Proceeds From Sale Of Premises And Equipment And Other Real Estate
ProceedsFromSaleOfPremisesAndEquipmentAndOtherRealEstate
3084000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1464000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Increase Decrease In Deposits
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80166000
CY2022 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
31899000
CY2023 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2022 us-gaap Proceeds From Repayments Of Short Term Debt
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9992000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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25000
CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
1175000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
832000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67506000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36578000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20127000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30152000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61244000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50279000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30152000
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<div style="display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:5.065%;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:5.065%;display:inline-flex;justify-content:flex-start;">1.</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">DESCRIPTION OF BUSINESS</span></div></div><p style="margin-left:5%;text-indent:7.018%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">First US Bancshares, Inc., a Delaware corporation (“Bancshares” and, together with its subsidiary, the “Company”), is a bank holding company formed in 1983 registered under the Bank Holding Company Act of 1956, as amended (the “BHCA”). Bancshares operates one banking subsidiary, First US Bank, an Alabama banking corporation (the “Bank”). Prior to its name change on October 11, 2016, Bancshares was known as United Security Bancshares, Inc. Bancshares and the Bank are headquartered in Birmingham, Alabama.</span></p><p style="margin-left:5%;text-indent:7.018%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Bank conducts a general commercial banking business and offers banking services such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama; Knoxville and Powell, Tennessee; and Rose Hill, Virginia; as well as loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area. The Bank provides a wide range of commercial banking services to small- and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and currently conducts this lending in </span><span style="font-size:10pt;font-family:Times New Roman;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">17</span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> states, including Alabama, Arkansas, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="margin-left:5%;text-indent:7.018%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Previously, the Bank had two wholly owned subsidiaries: Acceptance Loan Company, Inc., an Alabama corporation (“ALC”), and FUSB Reinsurance, Inc., an Arizona corporation (“FUSB Reinsurance”). Both ALC and FUSB Reinsurance were dissolved in 2023, after all remaining assets and liabilities of these entities were transferred to the Bank. As used herein, unless the context suggests otherwise, references to the “Company,” “we,” “us” and “our” refer to Bancshares and the Bank, as well as ALC and FUSB Reinsurance (for periods prior to their dissolution), collectively.</span></p><p style="margin-left:5%;text-indent:7.018%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">ALC was a finance company headquartered in Mobile, Alabama. The Bank will continue to manage the remaining loans from ALC’s portfolio, which totaled $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10.5</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million as of December 31, 2023, through final resolution. FUSB Reinsurance was designed to reinsure certain insurance policies sold to the Bank's and ALC's consumer loan customers.</span></p>
CY2023 fusb Number Of States
NumberOfStates
17
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:5.067%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="margin-left:5%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The accounting principles and reporting policies of the Company, and the methods of applying these principles, conform with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with general practices within the financial services industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets, and revenues and expenses for the period included in the consolidated statements of operations and of cash flows. Actual results could differ from those estimates.</span></p><p style="margin-left:5%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Material estimates that are particularly susceptible to significant changes in the near term relate to the accounting for the allowance for credit losses, the right-of-use asset and lease liability, the value of other real estate owned (“OREO”) and certain collateral-dependent loans, consideration related to goodwill impairment testing and deferred tax asset valuation. In connection with the determination of the allowance for credit losses and OREO, management generally obtains independent appraisals for significant properties, evaluates the overall portfolio characteristics and delinquencies and monitors economic conditions.</span></p>
CY2023 fusb Maximum Maturity Period For Cash Equivalents
MaximumMaturityPeriodForCashEquivalents
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2023 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
1178000
CY2022 us-gaap Mortgage Loans On Real Estate Foreclosures
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907000
CY2022 fusb Closed Branch Assets Transferred To Other Real Estate
ClosedBranchAssetsTransferredToOtherRealEstate
391000
CY2023 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
134000
CY2022 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
138000
CY2023 fusb Number Of Investment Portfolios
NumberOfInvestmentPortfolios
3
CY2023 fusb Number Of Securities Held As Trading Securities
NumberOfSecuritiesHeldAsTradingSecurities
0
CY2022 fusb Number Of Securities Held As Trading Securities
NumberOfSecuritiesHeldAsTradingSecurities
0
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-left:5%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Reclassification</span></p><p style="margin-left:5%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain amounts presented in the prior period consolidated financial statements and related notes have been reclassified to conform to the 2023 presentation. These reclassifications had no effect on the Company’s net income, financial position or net cash flow.</span></p>
CY2023 fusb Weighted Average Number Of Shares Outstanding
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5851702
CY2022 fusb Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
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CY2023 fusb Weighted Average Director Deferred Shares
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112857
CY2022 fusb Weighted Average Director Deferred Shares
WeightedAverageDirectorDeferredShares
114483
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5964559
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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6084058
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
411900
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
419650
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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6376459
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6503708
CY2023 us-gaap Net Income Loss
NetIncomeLoss
8485000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
6864000
CY2023 us-gaap Earnings Per Share Basic
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1.42
CY2022 us-gaap Earnings Per Share Basic
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1.13
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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738000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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10066000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Held To Maturity Securities
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1104000
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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63000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
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1041000
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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8000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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11096000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Held To Maturity Securities
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CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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93000
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
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1769000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
12994000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
12895000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
53070000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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49767000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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249000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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241000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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58413000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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52506000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
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660000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
620000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
20416000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
20397000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
195000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
180000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
144893000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
135565000
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1104000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
1041000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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1
CY2023 fusb Defined Contribution Plan Discretionary Contribution Percent
DefinedContributionPlanDiscretionaryContributionPercent
0.02
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.20
CY2023Q4 us-gaap Defined Benefit Plan Number Of Shares Of Equity Securities Issued By Employer And Related Parties Included In Plan Assets
DefinedBenefitPlanNumberOfSharesOfEquitySecuritiesIssuedByEmployerAndRelatedPartiesIncludedInPlanAssets
170910
CY2022Q4 us-gaap Defined Benefit Plan Number Of Shares Of Equity Securities Issued By Employer And Related Parties Included In Plan Assets
DefinedBenefitPlanNumberOfSharesOfEquitySecuritiesIssuedByEmployerAndRelatedPartiesIncludedInPlanAssets
184987
CY2023Q4 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
113042
CY2022Q4 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
114190
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
419650
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.79
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
420250
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.79
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7250
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.82
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
600
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.86
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
411900
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.77
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
419650
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.79
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
411900
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.77
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
416249
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.77
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
500000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
1200000
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
800000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2023 fusb Capital Conservation Buffer Rate
CapitalConservationBufferRate
0.0250
CY2023Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
98220000
CY2023Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1088
CY2023Q4 fusb Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0700
CY2023Q4 fusb Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Asset
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAsset
0.0650
CY2023Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
98220000
CY2023Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1088
CY2023Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085
CY2023Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2023Q4 us-gaap Capital
Capital
109296000
CY2023Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1211
CY2023Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.1050
CY2023Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2023Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
98220000
CY2023Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0936
CY2023Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2023Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2022Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
92853000
CY2022Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1107
CY2022Q4 fusb Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0700
CY2022Q4 fusb Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Asset
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAsset
0.0650
CY2022Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
92853000
CY2022Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1107
CY2022Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085
CY2022Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2022Q4 us-gaap Capital
Capital
102275000
CY2022Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1219
CY2022Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2022Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
92853000
CY2022Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0939
CY2022Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2023 us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
Under Alabama law, a state-chartered bank must annually transfer to surplus at least 10% of its “net earnings” (defined as the remainder of all earnings from current operations plus actual recoveries on loans and investments and other assets, less all current operating expenses, actual losses, accrued dividends on preferred stock and all federal, state and local taxes) until the bank’s surplus is at least 20% of its capital. Until the bank’s surplus reaches this level, a bank may not declare a dividend in excess of 90% of its net earnings. Once a bank’s surplus equals or exceeds 20% of its capital, if the total of all dividends declared by the bank in a calendar year will exceed the sum of its net earnings for that year and its retained net earnings for the preceding two years (less any required transfers to surplus), then the bank must obtain prior written approval from the Superintendent of the Alabama State Banking Department. The bank may not pay any dividends or make any withdrawals or transfers from surplus without the prior written approval of the Superintendent. The FDIC prohibits the payment of cash dividends if (1) as a result of such payment, the bank would be undercapitalized or (2) the bank is in default with respect to any assessment due to the FDIC, including a deposit insurance assessment. These restrictions could materially influence the Bank’s, and therefore Bancshares’, ability to pay dividends.
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023 fusb Lessee Operating Lease Period Of Option To Terminate
LesseeOperatingLeasePeriodOfOptionToTerminate
P1Y
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
949000
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
864000
CY2023 us-gaap Lease Cost
LeaseCost
460000
CY2022 us-gaap Lease Cost
LeaseCost
434000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2019000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1883000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2055000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1961000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M13D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0410
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0330
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
455000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
427000
CY2023 us-gaap Noninterest Income Other
NoninterestIncomeOther
1235000
CY2022 us-gaap Noninterest Income Other
NoninterestIncomeOther
1433000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
395000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
295000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
302000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
308000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
269000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
930000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2499000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
444000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2055000
CY2023 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
471000
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
451000
CY2023 fusb Other Income Atm Fees
OtherIncomeATMFees
415000
CY2022 fusb Other Income Atm Fees
OtherIncomeATMFees
532000
CY2022 fusb Net Loss On Sale And Prepayment Of Investment Securities
NetLossOnSaleAndPrepaymentOfInvestmentSecurities
-83000
CY2023 fusb Gain On Sales Of Premises And Equipment And Other Assets
GainOnSalesOfPremisesAndEquipmentAndOtherAssets
17000
CY2022 fusb Gain On Sales Of Premises And Equipment And Other Assets
GainOnSalesOfPremisesAndEquipmentAndOtherAssets
301000
CY2023 us-gaap Other Income
OtherIncome
332000
CY2022 us-gaap Other Income
OtherIncome
232000
CY2023 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
620000
CY2022 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
614000
CY2023 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
722000
CY2022 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
682000
CY2023 fusb Collection And Recoveries
CollectionAndRecoveries
292000
CY2022 fusb Collection And Recoveries
CollectionAndRecoveries
261000
CY2023 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
471000
CY2022 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
479000
CY2023 fusb Foreclosed Real Estate Other Expense Net Of Gain Or Loss On Sale
ForeclosedRealEstateOtherExpenseNetOfGainOrLossOnSale
68000
CY2022 fusb Foreclosed Real Estate Other Expense Net Of Gain Or Loss On Sale
ForeclosedRealEstateOtherExpenseNetOfGainOrLossOnSale
-331000
CY2023 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2557000
CY2022 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2259000
CY2023 us-gaap Operating Expenses
OperatingExpenses
5142000
CY2022 us-gaap Operating Expenses
OperatingExpenses
4424000
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
200000
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
200000
CY2023Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
0
CY2023Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-434000
CY2023Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
184000
CY2023Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000
CY2023Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
269000
CY2022Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
527000
CY2023Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13945000
CY2023Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13902000
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
12999000
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11960000
CY2022Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11621000
CY2022Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
10670000
CY2022Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9525000
CY2022Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9381000
CY2023Q4 us-gaap Interest Expense
InterestExpense
4835000
CY2023Q3 us-gaap Interest Expense
InterestExpense
4419000
CY2023Q2 us-gaap Interest Expense
InterestExpense
3676000
CY2023Q1 us-gaap Interest Expense
InterestExpense
2526000
CY2022Q4 us-gaap Interest Expense
InterestExpense
1730000
CY2022Q3 us-gaap Interest Expense
InterestExpense
1155000
CY2022Q2 us-gaap Interest Expense
InterestExpense
699000
CY2022Q1 us-gaap Interest Expense
InterestExpense
672000
CY2023Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9110000
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9483000
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9323000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9434000
CY2022Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9891000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9515000
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8826000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8709000
CY2022Q4 us-gaap Profit Loss
ProfitLoss
2228000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1860000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1415000
CY2022Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1165000
CY2022Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
895000
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
721000
CY2023Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9544000
CY2023Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9299000
CY2023Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9023000
CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9165000
CY2022Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9364000
CY2022Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8350000
CY2022Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7931000
CY2022Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7988000
CY2023Q4 us-gaap Noninterest Income
NoninterestIncome
916000
CY2023Q3 us-gaap Noninterest Income
NoninterestIncome
837000
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
799000
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
829000
CY2022Q4 us-gaap Noninterest Income
NoninterestIncome
678000
CY2022Q3 us-gaap Noninterest Income
NoninterestIncome
1088000
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
856000
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
829000
CY2023Q4 us-gaap Noninterest Expense
NoninterestExpense
7401000
CY2023Q3 us-gaap Noninterest Expense
NoninterestExpense
7319000
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
7151000
CY2023Q1 us-gaap Noninterest Expense
NoninterestExpense
7270000
CY2022Q4 us-gaap Noninterest Expense
NoninterestExpense
7106000
CY2022Q3 us-gaap Noninterest Expense
NoninterestExpense
7032000
CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
6878000
CY2022Q1 us-gaap Noninterest Expense
NoninterestExpense
7056000
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3059000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2817000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2671000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2724000
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2936000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2406000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1909000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1761000
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
782000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
704000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
648000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
652000
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
708000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
546000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
494000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000
CY2023Q4 us-gaap Profit Loss
ProfitLoss
2277000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
2113000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
2023000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2072000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1361000
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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fusb-20231231.htm Edgar Link pending
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