First US Bancshares (First US Bancshares) Scaled Net Operating Assets

: -0.07 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First US Bancshares's operating assets for the quarter that ended in Dec. 2023 was $887.10 Mil. First US Bancshares's operating liabilities for the quarter that ended in Dec. 2023 was $961.55 Mil. First US Bancshares's Total Assets for the quarter that ended in Sep. 2023 was $1,065.24 Mil. Therefore, First US Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

First US Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First US Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1022.661	-	961.548)	/	994.667
=	0.06

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1072.94	-	50.279
=	1022.661

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	982.347	-	10.799	-	10
=	961.548

First US Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(887.096	-	961.548)	/	1065.239
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1072.94	-	185.844
=	887.096

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	982.347	-	10.799	-	10
=	961.548

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First US Bancshares (First US Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First US Bancshares Inc (NAS:FUSB) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3291 U.S. Highway 280, Suite 100, Birmingham, AL, USA, 35243

Website

https://www.firstusbank.com

First US Bancshares Inc is a bank holding company. 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 has two reportable operating segments namely the Bank and Acceptance Loan Company. The majority of the revenue is generated through interest earned on financial instruments, including loans and investment securities.

Executives

Robert S Briggs	director
James F House	director, officer: President & CEO	P O BOX 249, THOMASVILLE AL 36784
David Peter Hale	director	131 WEST FRONT STREET, P O BOX 249, THOMASVILLE AL 36784
Thomas S Elley	officer: VP,CFO,PAO,Treas,Asst Sec	P O BOX 249, THOMASVILLE AL 36784
Marlene M Mccain	director	P O BOX 249, THOMASVILLE AL 36784
Bearden Andrew C Jr	director
Anthony Cashio	officer: EVP, Chief Credit Officer-FUSB	P O BOX 249, THOMASVILLE AL 36784
Bruce N Wilson	director
Henderson J Samuel Iii	officer: EVP, Bham Market Exec, FUSB	P O BOX 249, THOMASVILLE AL 36784
Sheri S Cook	director	P O BOX 249, THOMASVILLE AL 36784
Aubrey S Miller	director	P O BOX 249, THOMASVILLE AL 36784
Donna D Smith	director	P O BOX 249, THOMASVILLE AL 36784
Phillip Wheat	officer: SVP,CIO/Info Sec Off of FUSB	P O BOX 249, THOMASVILLE AL 36784
Strickland Alonzo A J J	director
David L Saylors	officer: SVP, HR Director of FUSB	P O BOX 249, THOMASVILLE AL 36784