The bank maintains an excessively conservative capital position with an equity-to-assets ratio of 0.09, suggesting the firm is currently under-leveraged relative to its regional peers.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 436.37M | 83.95M | 71.1M | 185.84M | 160.95M | 192.13M | 179.41M | 151.05M | 182.09M | 181M | 205.44M | 242.91M | 239.13M | 183.47M | 146.74M | 174.97M | 13.53M | 12.45M | 13.37M | 20.67M | 28.46M | 21.55M | 13.95M | 12.64M | 16.74M | 23.97M | 32.46M | 12.9M | 26.83M | 14.54M | 8.23M |
| Cash & Due from Banks | 66.59M | 73.55M | 47.22M | 50.28M | 30.15M | 61.24M | 94.42M | 57.03M | 49.6M | 27.12M | 23.53M | 44.07M | 34.17M | 47.72M | 54.13M | 52.8M | 13.53M | 12.45M | 13.37M | 20.67M | 28.46M | 21.55M | 13.95M | 12.64M | 16.74M | 23.97M | 32.46M | 12.9M | 26.83M | 14.54M | 8.23M |
| Short Term Investments | 10.38M | 10.4M | 23.88M | 135.56M | 130.79M | 130.88M | 84.99M | 94.02M | 132.49M | 153.87M | 181.91M | 198.84M | 204.97M | 135.75M | 92.61M | 122.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.01B | 1.01B | 981.42M | 947.95M | 897.11M | 834.35M | 729.8M | 653.6M | 668.82M | 526.27M | 530.59M | 486.63M | 493.6M | 471.73M | 451.15M | 507.34M | 526.33M | 600.43M | 585.69M | 574.16M | 561.34M | 542.29M | 524.64M | 518.84M | 485.96M | 471.84M | 445.06M | 434.1M | 399.08M | 388.4M | 215.41M |
| Investments Growth % | 19.98% | 3% | 3.53% | 5.67% | 7.52% | 14.33% | 11.66% | -2.28% | 27.09% | -0.81% | 9.03% | -1.41% | 4.64% | 4.56% | -11.07% | -3.61% | -12.34% | 2.52% | 2.01% | 2.28% | 3.51% | 3.36% | 1.12% | 6.77% | 2.99% | 6.02% | 2.52% | 8.78% | 2.75% | 80.3% | 18.31% |
| Long-Term Investments | 3.88B | 1B | 957.54M | 812.39M | 766.31M | 703.47M | 644.8M | 559.58M | 536.33M | 372.4M | 348.68M | 287.79M | 288.64M | 335.98M | 358.54M | 385.17M | 526.33M | 600.43M | 585.69M | 574.16M | 561.34M | 542.29M | 524.64M | 518.84M | 485.96M | 471.84M | 445.06M | 434.1M | 399.08M | 388.4M | 215.41M |
| Accounts Receivables | 3.96M | 3.92M | 3.59M | 3.98M | 3.01M | 2.56M | 2.81M | 2.49M | 2.82M | 2.06M | 1.99M | 1.83M | 2.23M | 2.7M | 3.1M | 3.96M | 5.11M | 5.09M | 4.84M | 6.14M | 6.1M | 5.21M | 4.65M | 4.97M | 4.35M | 4.59M | 5.06M | 5.7M | 4.52M | 4.05M | 1.57M |
| Goodwill & Intangibles | 7.43M | 7.43M | 7.48M | 7.61M | 7.8M | 8.07M | 8.41M | 8.82M | 9.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.1M | 4.1M | 4.1M | 6.14M | 6.1M | 5.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 7.43M | 7.43M | 7.43M | 7.43M | 7.43M | 7.43M | 7.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.1M | 4.1M | 4.1M | 6.14M | 6.1M | 5.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 49K | 171K | 366K | 634K | 975K | 8.82M | 9.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 26.26M | 26.28M | 24.8M | 24.4M | 24.44M | 25.12M | 28.21M | 29.22M | 27.64M | 26.43M | 18.34M | 12.08M | 9.76M | 8.93M | 8.9M | 9.05M | 16.61M | 17.25M | 17.49M | 18.13M | 18.86M | 19.43M | 19.77M | 11.36M | 10.83M | 10.01M | 9.2M | 9.5M | 8.23M | 6.84M | 4.12M |
| Other Assets | 46.28M | 32.75M | 36.57M | 38.73M | 32.16M | 26.96M | 26.88M | 37.58M | 33.75M | 43.7M | 32.45M | 31.16M | 32.84M | 38.72M | 49.85M | 48.67M | 56.06M | 52.43M | 42.5M | 36.69M | 27.44M | 28.91M | 23.14M | 19.37M | 17.43M | 12.7M | 17.39M | 14.4M | 11.42M | 12.12M | 5.86M |
| Total Current Assets | 80.93M | 87.86M | 74.69M | 189.82M | 163.96M | 194.68M | 182.22M | 153.53M | 184.9M | 183.05M | 207.43M | 244.75M | 241.37M | 186.18M | 149.84M | 178.92M | 18.64M | 17.54M | 18.22M | 26.82M | 34.55M | 26.76M | 18.6M | 17.62M | 21.09M | 28.57M | 37.52M | 18.6M | 31.35M | 18.59M | 9.8M |
| Total Non-Current Assets | 1.08B | 1.07B | 1.03B | 883.12M | 830.71M | 763.62M | 708.3M | 635.2M | 607.04M | 442.53M | 399.46M | 331.03M | 331.24M | 383.63M | 417.29M | 442.88M | 603.1M | 674.21M | 649.79M | 633.08M | 611.74M | 594.72M | 567.55M | 549.57M | 514.22M | 494.55M | 471.65M | 458M | 418.72M | 407.35M | 225.39M |
| Total Assets | 1.17B | 1.15B | 1.1B | 1.07B | 994.67M | 958.3M | 890.51M | 788.74M | 791.94M | 625.58M | 606.89M | 575.78M | 572.61M | 569.8M | 567.13M | 621.81M | 625.34M | 691.75M | 668M | 659.9M | 646.3M | 621.48M | 586.15M | 567.19M | 535.32M | 523.11M | 509.17M | 476.6M | 450.07M | 425.94M | 235.19M |
| Asset Growth % | 18.08% | 4.88% | 2.62% | 7.87% | 3.79% | 7.61% | 12.9% | -0.4% | 26.59% | 3.08% | 5.4% | 0.55% | 0.49% | 0.47% | -8.79% | -0.56% | -9.6% | 3.56% | 1.23% | 2.1% | 3.99% | 6.03% | 3.34% | 5.95% | 2.33% | 2.74% | 6.83% | 5.89% | 5.67% | 81.1% | 19.1% |
| Return on Assets (ROA) | 0.53% | 0.53% | 0.75% | 0.82% | 0.7% | 0.48% | 0.32% | 0.58% | 0.35% | -0.07% | 0.21% | 0.45% | 0.62% | 0.69% | 0.37% | -1.46% | -0.48% | 0.7% | 0.81% | 0.05% | 2.25% | 2.26% | 2.28% | 2.07% | 1.73% | 1.28% | 1.38% | 1.77% | 1.96% | 2.11% | 1.97% |
| Accounts Payable | 2.78M | 2.53M | 1.75M | 2.03M | 607K | 224K | 292K | 537K | 424K | 381K | 241K | 180K | 221K | 266K | 413K | 790.21K | 2.24M | 2.48M | 3.4M | 0 | 0 | 2.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 10.96M | 10.95M | 20.87M | 20.8M | 30.7M | 20.7M | 10.02M | 10.03M | 527K | 25.59M | 25.12M | 12.35M | 5.44M | 6.23M | 638K | 20.71M | 30.97M | 85.62M | 92.29M | 88.73M | 89.31M | 90.84M | 90.58M | 98.34M | 108.27M | 96.35M | 97.24M | 82.7M | 55.86M | 44.88M | 22.06M |
| Net Debt | -55.62M | -62.6M | -26.34M | -29.48M | 548K | -40.55M | -84.4M | -47.01M | -49.07M | -1.53M | 1.69M | -31.67M | -28.73M | -41.49M | -53.49M | -32.08M | 17.44M | 73.17M | 78.92M | 68.06M | 60.85M | 69.28M | 76.63M | 85.7M | 91.52M | 72.37M | 64.78M | 69.8M | 29.03M | 30.34M | 13.82M |
| Long-Term Debt | 10.96M | 10.95M | 10.87M | 10.8M | 10.73M | 10.65M | 0 | 0 | 0 | 10M | 15M | 5M | 5M | 5M | 0 | 20M | 30M | 85M | 90M | 77.52M | 87.55M | 89.59M | 89.64M | 95.75M | 105.87M | 95.99M | 96.11M | 65.7M | 55.85M | 40.97M | 20.68M |
| Short-Term Debt | 0 | 0 | 10M | 10M | 20M | 10.05M | 10.02M | 10.03M | 527K | 15.59M | 10.12M | 7.35M | 436K | 1.23M | 638K | 711.57K | 970.43K | 620K | 2.29M | 11.21M | 1.76M | 1.25M | 941.5K | 2.59M | 2.39M | 354.61K | 1.13M | 17M | 11.74K | 3.91M | 1.38M |
| Other Liabilities | 8.01M | 7.7M | 7.28M | 9.33M | 8.2M | 9.19M | 11.31M | 9.77M | 6.83M | 6.32M | 7.63M | 6.91M | 8.13M | 8.93M | 8.4M | 7.03M | 10.48M | 9.14M | 8.53M | 13.04M | 15.33M | 14.27M | 13.21M | 7.84M | 6.92M | 6.74M | 6.14M | 5.4M | 7M | 5.93M | 3.47M |
| Total Current Liabilities | 1.04B | 1.03B | 984.31M | 962.22M | 890.63M | 848.4M | 792.52M | 694.22M | 705.68M | 533.05M | 508.02M | 486.84M | 484.32M | 485.78M | 490.08M | 528.57M | 506.74M | 516.15M | 490.81M | 489.77M | 451.82M | 429.91M | 401.39M | 390.27M | 355.49M | 355.17M | 339.29M | 343.8M | 326.66M | 326.33M | 182.21M |
| Total Non-Current Liabilities | 18.97M | 18.65M | 18.15M | 20.13M | 18.9M | 19.84M | 11.31M | 9.77M | 6.83M | 16.32M | 22.64M | 11.91M | 13.13M | 13.93M | 8.4M | 27.03M | 40.48M | 94.14M | 98.53M | 90.56M | 102.88M | 103.86M | 102.85M | 103.59M | 112.8M | 102.74M | 102.25M | 71.1M | 62.85M | 46.9M | 24.15M |
| Total Liabilities | 1.06B | 1.05B | 1B | 982.35M | 909.53M | 868.24M | 803.83M | 703.99M | 712.5M | 549.37M | 530.65M | 498.75M | 497.45M | 499.71M | 501.12M | 555.6M | 550.82M | 610.29M | 589.34M | 580.33M | 554.7M | 533.77M | 504.24M | 493.86M | 468.29M | 457.9M | 441.54M | 414.9M | 389.5M | 373.23M | 206.36M |
| Total Equity | 104.63M | 105.65M | 98.62M | 90.59M | 85.14M | 90.06M | 86.68M | 84.75M | 79.44M | 76.21M | 76.24M | 76.32M | 75.16M | 70.09M | 68.65M | 66.21M | 74.52M | 81.46M | 78.66M | 79.57M | 91.6M | 87.71M | 81.91M | 73.33M | 67.03M | 65.21M | 67.63M | 61.7M | 60.57M | 52.71M | 28.83M |
| Equity Growth % | 24.9% | 7.12% | 8.86% | 6.41% | -5.47% | 3.91% | 2.28% | 6.69% | 4.24% | -0.04% | -0.1% | 1.54% | 7.23% | 2.11% | 3.68% | -11.16% | -8.52% | 3.56% | -1.14% | -13.13% | 4.43% | 7.08% | 11.71% | 9.4% | 2.8% | -3.58% | 9.61% | 1.87% | 14.91% | 82.86% | 14.26% |
| Equity / Assets (Capital Ratio) | 8.98% | 9.15% | 8.96% | 8.44% | 8.56% | 9.4% | 9.73% | 10.74% | 10.03% | 12.18% | 12.56% | 13.25% | 13.13% | 12.3% | 12.1% | 10.65% | 11.92% | 11.78% | 11.78% | 12.06% | 14.17% | 14.11% | 13.97% | 12.93% | 12.52% | 12.47% | 13.28% | 12.95% | 13.46% | 12.38% | 12.26% |
| Return on Equity (ROE) | 5.92% | 5.87% | 8.64% | 9.66% | 7.84% | 5.04% | 3.16% | 5.56% | 3.2% | -0.54% | 1.6% | 3.43% | 4.89% | 5.66% | 3.26% | -12.9% | -4.08% | 5.94% | 6.79% | 0.41% | 15.89% | 16.1% | 16.92% | 16.27% | 13.88% | 9.92% | 10.48% | 13.41% | 15.15% | 17.12% | 15.77% |
| Book Value per Share | 17.75 | 17.44 | 16.12 | 14.21 | 13.09 | 13.36 | 12.93 | 12.46 | 11.80 | 12.98 | 11.87 | 12.09 | 12.10 | 11.60 | 11.26 | 11.02 | 12.23 | 13.54 | 13.03 | 12.89 | 14.39 | 13.64 | 12.74 | 11.40 | 10.30 | 9.31 | 9.43 | 8.58 | 8.47 | 7.40 | 6.74 |
| Tangible BV per Share | 16.49 | 16.21 | 14.90 | 13.01 | 11.89 | 12.17 | 11.68 | 11.17 | 10.42 | 12.98 | 11.87 | 12.09 | 12.10 | 11.60 | 11.26 | 11.02 | 11.56 | 12.86 | 12.35 | 11.89 | 13.43 | 12.83 | 12.74 | 11.40 | 10.30 | 9.31 | 9.43 | 8.58 | 8.47 | 7.40 | 6.74 |
| Common Stock | 80K | 79K | 78K | 75K | 75K | 75K | 75K | 75K | 75K | 73K | 73K | 73K | 73K | 73K | 73K | 73.22K | 73.17K | 73.17K | 73.17K | 73.17K | 73.17K | 73K | 73.17K | 73.17K | 36K | 36.47K | 36K | 0 | 36.11K | 36.02K | 22.02K |
| Additional Paid-in Capital | 16.24M | 16M | 15.54M | 14.97M | 14.51M | 14.16M | 13.79M | 13.81M | 13.5M | 10.76M | 10.79M | 10.56M | 9.58M | 9.28M | 9.28M | 9.26M | 9.23M | 9.23M | 9.23M | 9.23M | 9.23M | 9.23M | 9.23M | 9.23M | 9.16M | 8.99M | 8.77M | 8.7M | 8.22M | 8.06M | 5.76M |
| Retained Earnings | 122.8M | 121.25M | 116.86M | 109.96M | 104.46M | 98.43M | 94.72M | 92.75M | 88.67M | 86.67M | 87.43M | 86.69M | 84.58M | 81.21M | 77.29M | 75.09M | 84.41M | 90.24M | 88M | 89.35M | 96.71M | 89.84M | 82.29M | 73.79M | 66.72M | 61.44M | 58.4M | 54.9M | 49.74M | 43.86M | 22.23M |
| Accumulated OCI | -1.26M | -780K | -4.34M | -6.43M | -7.24M | -276K | -52K | -46K | -2.38M | -868K | -1.28M | 536K | 1.83M | 529K | 3.14M | 3M | 3.41M | 4.32M | 2.48M | 875.26K | -275K | -385K | 946.72K | 977.32K | 1.86M | 938.57K | 670K | -1.8M | 2.82M | 1.01M | 1.06M |
| Treasury Stock | -33.22M | -30.91M | -29.52M | -27.98M | -26.67M | -22.33M | -21.85M | -21.85M | -20.41M | -20.41M | -20.76M | -20.82M | -20.89M | -20.99M | -21.12M | -21.21M | -21.21M | -21.13M | -21.12M | -19.96M | -14.15M | -10.88M | -10.8M | -10.75M | -10.75M | -6.2M | -252K | -300K | -251.82K | -254.42K | -254.42K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Consumer credit portfolio volatility
Based on recent financial statements, FUSB's total assets have remained largely flat at approximately $1.1 billion to $1.2 billion over the last ten quarters, suggesting that the bank is currently prioritizing balance sheet preservation over aggressive expansion into its newer Tennessee and Virginia markets.
The lack of meaningful asset growth indicates that the bank is struggling to find high-quality lending opportunities that meet its underwriting standards. This stagnation may reflect a cautious approach to capital deployment, as the bank maintains a significant portion of its balance sheet in investment securities rather than expanding its core loan book.
As reported in regulatory filings, the bank maintains a consistent equity-to-assets ratio of 0.09, which, when paired with a minimal debt-to-equity ratio of 0.10%, suggests a fortress-like capital structure that may be under-leveraged relative to its regional peers in the Southeastern United States.
While this capital adequacy provides a substantial buffer against potential credit losses, it likely acts as a drag on return on equity, which has struggled to exceed 2.6% in recent periods. Investors should monitor whether management intends to deploy this excess capital through strategic M&A or increased shareholder returns.
According to the latest quarterly data, FUSB holds between $47 million and $82 million in cash and cash equivalents, representing a significant liquidity cushion that, while providing safety, may be suppressing the bank's overall net interest margin in the current high-rate environment.
The high cash-to-revenue ratio suggests that the bank is not effectively recycling its deposit base into higher-yielding consumer or commercial loans. This liquidity profile may indicate a lack of immediate demand for credit in its core Alabama markets, forcing the bank to hold lower-yielding assets.
Analysis of the balance sheet reveals that the bank's $1.0 billion investment securities portfolio represents the vast majority of total assets, which warrants further investigation into potential unrealized losses and interest rate sensitivity that could impact tangible book value if market rates remain elevated.
The heavy reliance on a large securities portfolio rather than a diversified loan book exposes the bank to duration risk that may not be fully captured by headline NIM figures. This structural concentration suggests that the bank's earnings are more sensitive to bond market volatility than to the underlying credit performance of its consumer installment loans.
Quick answers to the most common questions about buying FUSB stock.
As of 2025, First US Bancshares, Inc. (FUSB) had total assets of $1.15B including $87.9M in current assets.
First US Bancshares, Inc. (FUSB) carries total debt of $10.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First US Bancshares, Inc. (FUSB) has total shareholders' equity (book value) of $105.6M ($17.44 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First US Bancshares, Inc. (FUSB) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.