First US Bancshares, Inc. filings document the regulatory record of a bank holding company and parent of First US Bank. Its Form 8-K reports furnish quarterly and annual financial results, Regulation FD investor presentations, selected operating trends, loan and deposit metrics, credit quality measures, capital ratios and related exhibits.
The company’s proxy and material-event filings also cover annual meeting voting, director elections, auditor ratification, advisory executive compensation votes and compensation program disclosures. These records frame FUSB’s governance, board oversight, executive pay structure, shareholder voting matters and public-company reporting obligations.
First US Bancshares, Inc. is asking shareholders to vote at its 2026 Annual Meeting, held virtually by live webcast on April 30, 2026, at 10:00 a.m. Central Time. Shareholders of record as of March 6, 2026 may participate online and vote by internet, phone or mail.
The proxy covers three main items: election of directors, ratification of the independent registered public accountants, and an advisory vote on executive compensation. The Board is majority independent, has separated oversight through audit, compensation and nominating committees, and designates a Lead Independent Director alongside the combined Chairperson and CEO role.
The filing details director backgrounds and independence reviews, related‑party transaction controls, and a pay program that ties a meaningful portion of named executive officer compensation to pre‑tax income, returns on assets and tangible equity, plus business‑line loan growth. In 2025, CEO James F. House received total compensation of $580,943, including base salary of $412,000, restricted stock grants and cash incentives aligned with these performance goals.
First US Bancshares, Inc., parent of First US Bank, filed its annual report for the year ended December 31, 2025. The Birmingham-based community bank operates 15 full-service branches across Alabama, Tennessee and Virginia and conducts indirect lending through third-party retailers in 17 states.
The company’s strategy emphasizes loan and deposit growth, disciplined underwriting, expense control and selective expansion via loan production offices, digital banking and potential acquisitions. As of December 31, 2025, the Bank employed 152 full-time equivalent staff and highlights competitive compensation, benefits and an inclusive culture as key to talent retention.
The report devotes substantial detail to regulation, capital and risk. Commercial real estate loans totaled $293.2 million, equal to 257.1% of total regulatory capital, drawing heightened supervisory attention. Brokered deposits were $137.9 million, or 13.4% of deposit liabilities, and the company outlines reliance on deposits, FHLB advances, federal funds and securities as core liquidity tools.
Management lists extensive risk factors, including credit losses, liquidity constraints, interest rate volatility, economic and geopolitical uncertainty, digital banking competition, evolving federal policy, cybersecurity and data privacy, anti-money-laundering obligations, climate-related supervision and expanding consumer-protection and privacy rules, any of which could adversely affect earnings and capital.
FIRST US BANCSHARES, INC. director John Lee McPhearson reported offsetting trades in company common stock. He completed an open-market sale of 1,500 shares at $8.30 per share held directly, leaving him with 10,633 directly owned shares afterward.
On the same date, McPhearson Land Holdings, LLC, an entity associated with him, executed an open-market purchase of 1,500 shares at $8.30 per share, resulting in 3,000 shares held indirectly through that entity. Additional 3,000 shares are reported as indirectly owned by his spouse, with beneficial ownership disclaimed except to the extent of his pecuniary interest.
First US Bancshares, Inc. established a 2026 Cash Incentive Program for certain executive officers and key employees, including CEO James F. House, CFO Thomas S. Elley and Senior EVP William C. Mitchell. The plan covers the fiscal year ending December 31, 2026.
Bonuses for named executive officers are tied to financial performance and a discretionary component. Metrics include consolidated pre-tax income (25% weight), pre-tax ROAA (30% for Messrs. House and Elley; 25% for Mr. Mitchell), pre-tax ROATE (25% for Messrs. House and Elley; 15% for Mr. Mitchell), and net loan growth in indirect lending (15% for Mr. Mitchell). A discretionary component represents 20% of total opportunity.
Target bonus opportunities are 45% of 2026 base salary for Mr. House and 35% for Messrs. Elley and Mitchell. Payouts range from 50% to 150% of target based on achievement versus budgeted performance and discretionary assessments, with possible reduction of up to 35% for adverse regulatory findings. The program includes recoupment provisions for restated or inaccurate financial results and certain misconduct.
Parker Matthew A. reported disposition transactions in a Form 4 filing for FUSB. The filing lists transactions totaling 233 shares at a weighted average price of $15.57 per share. Following the reported transactions, holdings were 3,053 shares.
First US Bancshares, Inc. executive Eric H. Mabowitz, SEVP and Chief Risk Officer of the bank, reported tax-withholding dispositions of company common stock in early February 2026. On February 9, 2026, 405 shares were disposed of at $15.64 per share, leaving 19,439 shares held directly. On February 10, 2026, two additional tax-withholding dispositions of 405 and 324 shares occurred at $15.52 per share, reducing his direct holdings to 18,710 shares. The filing notes that these transactions represent the withholding of shares for tax purposes, and separately shows 83 shares held indirectly through a 401(k) plan based on information as of February 10, 2026.
First US Bancshares, Inc. senior executive Mitchell William C reported several share dispositions to cover tax obligations related to equity awards. On February 9 and 10, 2026, he transferred blocks of 462, 463, and 370 common shares at prices around $15.52–$15.64 per share under code F, which represents payment of tax liability by delivering securities.
After these transactions, he directly owned 23,732 shares of common stock. The filing also notes indirect holdings of 8,350 shares in a 401(k) plan, based on information as of February 10, 2026, and 1,209 shares held by his spouse, for which he disclaims beneficial ownership.
Dozier Beverly J reported disposition transactions in a Form 4 filing for FUSB. The filing lists transactions totaling 386 shares at a weighted average price of $15.56 per share. Following the reported transactions, holdings were 7,471 shares.
First US Bancshares, Inc. director John Lee McPhearson reported an award of 425 shares of common stock on February 9, 2026. These shares are time-based restricted stock granted under the company’s 2023 Incentive Plan and will vest in full on the first anniversary of the grant date.
After this grant, McPhearson directly holds 12,133 common shares. The filing also reports 3,000 shares held indirectly by his spouse and 1,500 shares held indirectly through McPhearson Land Holdings, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
First US Bancshares reported an equity award to senior executive Matthew A. Parker, its SVP, PAO & Director of Financial Reporting. On February 9, 2026, he received 1,400 shares of common stock as time-based restricted stock under the 2023 Incentive Plan.
These restricted shares will vest in three equal installments on the first, second, and third anniversaries of the grant date, encouraging longer-term retention. Following this grant, Parker beneficially owns 3,146 shares of First US Bancshares common stock, held directly.