First Us Bancshares, Inc. (NASDAQ: FUSB)

First US Bancshares Inc is a bank holding company formed in 1983 and registered under the Bank Holding Company Act of 1956 as amended. The company owns one wholly owned banking subsidiary First US Bank which conducts a general commercial banking business. First US Bank offers demand savings individual retirement account and time deposits as well as personal and commercial loans safe deposit box services and remote deposit capture. The bank operates through fifteen full service banking offices located in Alabama Tennessee and Virginia and maintains loan production offices in Mobile Alabama and the Chattanooga Tennessee area. First US Bank provides services to small and medium sized businesses property managers business executives professionals and individual consumers. It also conducts indirect lending through third party retailers in seventeen states including Alabama Arkansas Florida Georgia Indiana Iowa Kansas Kentucky Mississippi Missouri Nebraska North Carolina Oklahoma South Carolina Tennessee Texas and Virginia.

First US Bancshares generates its revenue primarily through the operations of First US Bank. The bank earns interest income on its loan portfolio which includes personal commercial and real estate loans. It also receives fee income from deposit account services such as service charges on checking and savings accounts and from ancillary products like safe deposit box rentals and remote deposit capture. Additional revenue is derived from the indirect lending activities conducted through third party retail partners. The combination of interest earnings and fee based income constitutes the core of the company's revenue stream.

The company reports its operations through a single segment which is First US Bank. This segment represents the only reportable operating unit used by management for resource allocation and performance assessment.

• First US Bank provides a full range of commercial banking services including demand savings individual retirement account and time deposits personal and commercial loans safe deposit box and remote deposit capture. It serves customers through fifteen full service banking offices in Alabama Tennessee Virginia and loan production offices in Mobile Alabama and the Chattanooga Tennessee area. The bank focuses on small and medium sized enterprises property managers business executives professionals and individual consumers while also pursuing indirect lending via third party retailer networks in seventeen states.

First US Bancshares competes in a highly competitive financial services landscape that includes national and regional commercial banks online banks credit unions finance companies mutual funds insurance companies investment banks brokerage firms and other financial intermediaries. Many of these competitors possess greater capital resources higher lending limits and broader geographic reach than the company. First US Bancshares differentiates itself by emphasizing local relationship banking maintaining a disciplined approach to credit underwriting pricing and expense control and leveraging its branch network loan production offices and digital capabilities. The company seeks to grow its franchise value by building a diversified balance sheet pursuing prudent loan and deposit growth and considering selective acquisition opportunities to enter new markets.

First US Bancshares serves a diverse customer base comprised of small and medium sized businesses property managers business executives professionals and individual retail customers. The bank also reaches consumers indirectly through its third party retail lending partnerships which operate in multiple states. No specific customer names are disclosed in the filing but the described segments capture the primary groups that the company targets with its banking products and services.