First US Bank

Headquarters

3291 U.S. Highway 280, Ste 100
Birmingham, AL 35243
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.20% 1.01% →
2-Year CD 0.30% 0.95% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First US Bank is an FDIC insured institution located in Birmingham, AL. It was founded in 1952 and has approximately $0.79 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 17077
Date Established 1952
Assets $ 788.22 million
Loans $ 539.69 million
Deposits $ 683.08 million
Capital $ 83.68 million
 

For a more detailed analysis of First US Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 - Learn More
Money Market
0.15% $1,000 $24,999 Learn More
Money Market
0.20% $25,000 $99,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.20% $500 - Learn More
18 Mo CD
0.25% $500 - Learn More
24 Mo CD
0.30% $500 - Learn More
30 Mo CD
0.35% $500 - Learn More
36 Mo CD
0.40% $500 - Learn More
48 Mo CD
0.45% $500 - Learn More
60 Mo CD
0.50% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.08% $2,500 $9,999 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First US Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First US Bank
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Branches

First US Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First US Bank Locations


Financial Details

First US Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First US Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First US Bank U.S. Bank Average
5.3% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First US Bank had $3,694,000 in non-current loans and $1,054,000 in owned real estate. To cover these potential losses it had $83,680,000 in equity and $5,954,000 in loans loss reserves. That gives it a Texas Ratio of 5.3%.

Return on Equity
First US Bank U.S. Bank Average
5.15% 7.80%

First US Bank has a Return on Equity of 5.15% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First US Bank U.S. Bank Average
10.62% 12.68%

First US Bank has a Capitalization of 10.62% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First US Bank Balance Sheet Analysis

As of March 31, 2020, First US Bank had assets of $788,223,000, loans of $539,685,000, and deposits of $683,075,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 56.12 million
Interest-bearing balances $ 42.90 million
Total securities $ 110.08 million
Federal funds sold and reverse repurchase $ 15.08 million
Net loans and leases $ 539.69 million
Loan loss allowance $ 5.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.05 million
Goodwill and other intangibles $ 8.72 million
All other assets $ 28.42 million
     Total Assets $ 704.54 million
LIABILITIES
Total deposits $ 683.08 million
      Interest-bearing deposits $ 566.41 million
      Deposits held in domestic offices $ 683.08 million
      % insured (estimated) 84.25%
Federal funds purchased and repurchase agreements $ 0.15 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 11.32 million
      Total Liabilities $ 704.54 million
      Shareholders’ Equity $ 83.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.40 million
Total Interest Expense $ 1.51 million
Net interest income $ 8.89 million
Provision for loan and lease losses $ 0.58 million
Total non interest income $ 0.92 million
Total non interest expense $ 7.82 million
Pre-tax Net Operating Income $ 1.41 million

Bank Loan Profile?

The top three loan types in First US Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Alabama, First US Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.37
Multifamily
Mortgages
8.12
Credit Card Loans 0.00
Consumer Auto Loans 2.29
Small Business Loans 7.64
Construction and Development Loans 6.82
Commercial Real Estate 29.01
Commercial and Industrial Loans 8.95
Farm Loans 0.00

Frequently Asked Questions About First Us Bank

Branches and Savings

Is First Us Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17077.

Why does First Us Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Us Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Us Bank a commercial bank?

Yes

Where are First Us Bank locations?

See branch locations nearby.

Is First Us Bank open on Saturdays?

Is First Us Bank open on Sundays?

What time does First Us Bank open?

What time does First Us Bank close?

Are First Us Bank ATMs Open 24/7?

Do First Us Bank ATMs accept cash deposits?

Can First Us Bank customers use other ATMs?

Do First Us Bank branches have notaries?

Will First Us Bank notarize my document?

What address for First Us Bank should I put for incoming ACH transfers?

Will the First Us Bank branch print checks?

Do First Us Bank checks expire?

Does First Us Bank require US citizenship to open account?

Can First Us Bank close my account?

Does First Us Bank Report to credit bureaus?

Does First Us Bank Use Equifax?

What is First Us Bank's ACH Routing Number?

What is First Us Bank's SWIFT code?

Products

Does First Us Bank offer mortgages?

Compare mortgage rates here.

Does First Us Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Us Bank offer personal loans?

Compare personal loan rates here.

Does First Us Bank offer student loans?

Will First Us Bank cash a check?

Will First Us Bank redeem a savings bond?

Does First Us Bank cash savings bonds?

Will First Us Bank cash money orders?

Can First Us Bank issue a money order?

Does First Us Bank do currency exchange?

Background on The Bank

Who owns First Us Bank?

How long has First Us Bank been around?

Can First Us Bank transfer to other banks?

Does First Us Bank have quick pay?

Does First Us Bank accept rolled coins?

Will First Us Bank accept loose change?

Where is First Us Bank headquarters?

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