FIRST US BANCSHARES Business Summary

First US Bancshares, Inc. (NASDAQ: FUSB) operates as the bank holding company for First US Bank, generating revenue primarily through net interest income from a diversified loan portfolio and non-interest income from service charges and mortgage fees. The company’s business model is structured around three core segments: Commercial Banking, which serves small-to-medium enterprises with term loans and revolving credit; Consumer Banking, distinguished by a robust indirect lending program operating across 17 states via third-party retailers; and Mortgage Services. FUSB competes directly with small-cap peers such as Northeast Community Bancorp, LINKBANCORP, and Primis Financial, distinguishing itself through a niche focus on indirect consumer finance that provides geographic reach far beyond its traditional Southeastern branch footprint. The executive team is led by James F. House, who has served as President and Chief Executive Officer since 2011, leveraging over 40 years of banking experience to guide the institution originally founded in 1952. Key leadership includes Thomas S. Elley, Senior Executive Vice President and Chief Financial Officer, and William C. Mitchell, who manages the pivotal Consumer Banking and indirect lending divisions. Technical strategy is overseen by Chief Technology Officer Phillip R. Wheat, while Eric H. Mabowitz serves as Chief Risk Officer. The Board of Directors includes notable members such as Vice Chairman Robert Stephen Briggs and Nathan Gordon, a corporate attorney at Baker Donelson appointed in late 2025. This management group is characterized by significant stability, with an average executive tenure exceeding 11 years.