Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 178

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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,222.32 %2,101.78 %Nonperforming loans to total loans held for investment0.05 %0.05 %Capital ratios:Total capital (to risk-weighted assets)13.97 %13.99 %Tier 1 capital (to risk-weighted assets)11.00 %11.02 %Common equity Tier 1 capital (to risk-weighted assets)11.00 %11.02 %Tier 1 leverage10.17 %10.05 %Total shareholders’ equity to total assets9.57 %9.79 %Tangible shareholders’ equity to tangible assets19.57 %9.79 %

Table 2: Highlights of Financial Results (continued)For the three months ended (dollars in thousands, except per share data)March 31, 2025March 31, 2024Selected operating data:Net interest income$33,977 $26,744 Provision for credit losses1,900 900 Non-interest income1,359 1,833 Non-interest expense15,045 12,716 Net income13,111 10,631 Per common share data:Earnings per common share:Basic$0.62 $0.62 Diluted$0.62 $0.62 Book value per share$19.06 $16.86 Tangible book value per share2$19.06 $16.86 Performance and other financial ratios:ROAA1.30 %1.22 %ROAE13.28 %14.84 %Net interest margin3.45 %3.14 %Cost of funds2.56 %2.62 %Efficiency ratio42.58 %44.50 %Cash dividend payout ratio on common stock332.26 %32.26 %

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1Tangible shareholders’ equity to tangible assets is considered a non-GAAP financial measure. See the section entitled “Non-GAAP Financial Measures” for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measure. Tangible shareholders’ equity to tangible assets is defined as total equity less goodwill and other intangible assets, divided by total assets less goodwill and other intangible assets. The most directly comparable GAAP financial measure is total shareholders’ equity to total assets. We had no goodwill or other intangible assets at the