First US Bancshares, Inc. (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2020

Disclosure Text Block [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

21. FIRST US BANCSHARES, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

Balance Sheets

	Year Ended December 31,
	2020			2019
	(Dollars in Thousands)
Assets:
Cash on deposit	$	419		$	476
Investment in subsidiaries		86,102			84,186
Other assets		104			246
Total assets	$	86,625		$	84,908
Liabilities:
Other liabilities	$	(53	)	$	160
Shareholders’ equity		86,678			84,748
Total liabilities and shareholders’ equity	$	86,625		$	84,908

Statements of Operations

	Year Ended December 31,
	2020		2019
	(Dollars in Thousands)
Income:
Dividend income, First US Bank	$	2,167	$	3,104
Total income	$	2,167	$	3,104
Expense		1,046		924
Gain before equity in undistributed income of subsidiaries	$	1,121	$	2,180
Equity in undistributed income of subsidiaries		1,586		2,386
Net income	$	2,707	$	4,566

Statements of Cash Flows

	Year Ended December 31,
	2020			2019
	(Dollars in Thousands)
Cash flows from operating activities:
Net income	$	2,707		$	4,566
Adjustments to reconcile net income to net cash provided    by operating activities:
Distributions in excess of undistributed income    of subsidiaries		(1,586	)		(2,385	)
Change in other assets and liabilities		14			69
Net cash provided by operating activities		1,135			2,250
Cash flows from financing activities:
Dividends paid		(740	)		(561	)
Treasury stock repurchases		(452	)		(1,478	)
Net cash used in financing activities		(1,192	)		(2,039	)
Net increase (decrease) in cash		(57	)		211
Cash at beginning of year		476			265
Cash at end of year	$	419		$	476