Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 174

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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 December 31, 2024. The increase was due to increases in non-wholesale deposits exceeding decreases in wholesale deposits. The Company defines wholesale deposits as brokered deposits and California Time Deposit Program deposits. Non-interest-bearing deposits increased by $136.5 million from December 31, 2024 to $1.1 billion at September 30, 2025, representing 25.81% of total deposits at that date, as compared to 25.93% of total deposits at December 31, 2024. Our loan to deposit ratio was 94.73% at September 30, 2025, as compared to 99.38% at December 31, 2024. We intend to continue to operate our business with close monitoring of the loan to deposit ratio.

Table 22 summarizes our deposit composition by average deposit balances and average rates paid for the periods indicated.

Table 22: Deposit Composition by Average Balances and Rates PaidFor the three months ended September 30, 2025September 30, 2024(dollars in thousands)Average AmountAverage Rate Paid% of Total DepositsAverage AmountAverage Rate Paid% of Total DepositsInterest-bearing transaction accounts$300,642 1.58 %7.59 %$302,188 1.63 %9.49 %Money market and savings accounts2,005,062 3.21 %50.61 %1,703,095 3.66 %53.47 %Time accounts639,434 4.28 %16.14 %326,640 5.08 %10.26 %Demand accounts1,016,560 — %25.66 %852,872 — %26.78 %Total deposits$3,961,698 2.44 %100.00 %$3,184,795 2.63 %100.00 %

For the nine months ended September 30, 2025September 30, 2024(dollars in thousands)Average AmountAverage Rate Paid% of Total DepositsAverage AmountAverage Rate Paid% of Total DepositsInterest-bearing transaction accounts$295,933 1.51 %7.87 %$298,010 1.55 %9.57 %Money market and savings accounts1,814,202 3.21 %48.21 %1,635