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FIRST US BANCSHARES , INC . Contact : Thomas S. Elley 205-582-1200 Exhibit 99.1 FIRST US BANCSHARES , INC . REPORTS FIRST QUARTER 2021 RESULTS Reports Year - Over - Year Growth in Earnings and 3.1 % Loan Growth for Quarter - BIRMINGHAM , AL ( April 28 , 2021 ) – First US Bancshares , Inc. ( Nasdaq : FUSB ) ( the “ Company ” ) , the parent company of First US Bank ( the “ Bank ” ) , today reported net income of $ 950,000 , or $ 0.14 per diluted share , for the quarter ended March 31 , 2021 ( " 1Q2021 ” ) , compared to $ 847,000 , or $ 0.13 per diluted share , for the quarter ended March 31 , 2020 ( " 1Q2020 ” ) and $ 1,045,000 , or $ 0.15 per diluted share , for the quarter ended December 31 , 2020 ( " 4Q2020 ” ) . Growth in total loans for the quarter was $ 20.4 million , or an increase of 3.1 % , compared to December 31 , 2020. Loan growth was most pronounced in the Bank's commercial real estate and indirect lending portfolios . Total deposits increased by 4.6 % , or $ 35.8 million , during the first quarter of 2021 from the previous quarter . “ We are pleased that we were able to keep loan growth going at a strong pace during the first quarter , ” stated James F. House , President and CEO of the Company . " Deposit growth continued to be robust , and we were able to deploy a significant portion of that growth into earning assets during the quarter . In addition , credit metrics in the loan portfolio improved and nonperforming assets decreased . This all adds up to a strong start for 2021 , ” continued Mr. House . Financial Highlights Loan Growth - The table below summarizes loan balances by portfolio category at the end of each of the most recent five quarters as of March 31 , 2021 . Quarter Ended 2021 March 31 , 2020 December 31 , September 30 , ( Dollars in Thousands ) June 30 , March 31 , ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited ) Real estate loans : Construction , land development and other land loans Secured by 1-4 family residential properties $ 48,491 $ 37,282 $ 35,472 $ 31,384 $ 31,927 82,349 88,856 95,147 93,010 100,186 Secured by multi - family residential properties 54,180 54,326 49,197 48,807 44,029 Secured by non - farm , non - residential properties 193,626 184,528 183,754 160,683 156,222 Commercial and industrial loans Consumer loans : Direct consumer 65,043 69,808 72,948 73,978 80,771 Paycheck Protection Program ( " PPP " ) loans 14,795 11,927 13,950 13,793 26,998 29,788 30,048 33,299 36,307 Branch retail 31,075 32,094 33,145 33,000 31,568 Indirect sales 153,940 141,514 125,369 89,932 69,982 Total loans $ 670,497 $ 650,123 $ 639,030 $ 577,886 $ 550,992 Less unearned interest , fees and deferred costs 3,792 4,279 4,240 Allowance for loan and lease losses 7,475 Net loans $ 659,230 $ 7,470 638,374 7,185 5,401 6,423 5,353 5,954 $ 627,605 $ 566,062 $ 539,685