First US Bancshares 2024 cash incentive plan: CEO target bonus 45% of salary

FIRST US BANCSHARES, INC.

CEO James House target bonus 45% of base salary; CFO Elley and EVP Mitchell target 35%.
Performance metrics: pre-tax income (25%), ROAA (30% for House/Elley, 25% for Mitchell), ROATE, Loan Growth (15% for Mitchell).
Bonus payouts: 50% of target at 80% goal achievement, 150% at 120%, with straight-line interpolation.
Bonus subject to reduction up to 35% for deterioration of regulatory ratings or negative regulatory findings.
Discretionary component (20% of bonus) based on long-term profitability, shareholder return, cost control, etc.

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