FIRST US BANCSHARES, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS (form 10-K)
March 10, 2023 at 01:00 pm EST
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Forward-Looking Statements
You should read the following discussion of our financial condition and results
of operations in conjunction with the "Selected Financial Data" and our
financial statements and the related notes included elsewhere in this Annual
Report on Form 10-K for the year ended December 31, 2022. This discussion and
analysis contains forward-looking statements that involve risks, uncertainties
and assumptions, and our actual results may differ materially from those
anticipated in these forward-looking statements as a result of many factors,
including but not limited to those discussed under Item 1A "Risk Factors" and
elsewhere in this Annual Report.
First US Bancshares, Inc. is a bank holding company. The Company operates one banking subsidiary, First US Bank, an Alabama banking corporation (the Bank). 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 provides a 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 conducts this lending in 17 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, and others. It operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, and others. It also has loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area.
FIRST US BANCSHARES, INC. 