Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 205

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 205
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, 2024(dollars in thousands)Volume Yield/Rate Total Increase (Decrease)Interest-earning deposits in banks$3,613 $(261)$3,352 Investment securities(55)14 (41)Loans held for investment and sale7,509 1,358 8,867 Total interest-earning assets11,067 1,111 12,178 Interest-bearing transaction accounts(6)(37)(43)Savings accounts41 (125)(84)Money market accounts2,560 (1,900)660 Time accounts3,387 (660)2,727 Subordinated notes and other borrowings(44)— (44)Total interest-bearing liabilities5,938 (2,722)3,216 Changes in net interest income/margin$5,129 $3,833 $8,962 

Net interest income during the three months ended September 30, 2025 increased to $39.3 million compared to $30.4 million during the three months ended September 30, 2024. Net interest margin totaled 3.56% for the three months ended September 30, 2025, compared to 3.37% in the same quarter of the prior year. The increase in net interest income is primarily attributable to an additional $12.2 million in interest income, mainly due to a $477.8 million, or 14.25%, increase in the average balance of loans and a 16 basis point improvement in the average yield on loans during the three months ended September 30, 2025 compared to the same quarter of the prior year. The increase in interest income was partially offset by an additional $3.2 million in interest expense compared to the same quarter of the prior year. The increase in interest expense is mainly attributable to a $776.9 million, or 24.39%, increase in the average balance of deposits at an average rate of 19 basis points lower during the three months ended September 30, 2025 compared to the same quarter of the prior year. In addition, the average balance of non-interest-bearing deposits increased by $163.7 million, or 19.19%, compared to the same period of the prior year.

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024

Net interest income increased by $23.6 million, or 27.39%,