Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 34

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 entitled to dividends at the same per-share ratio as holders of common stock. Tax benefits for dividends paid on unvested RSAs are recorded as tax benefits in the consolidated statements of income with a corresponding decrease to current taxes payable. Such tax benefits and related expense are expected to be recognized over the weighted average term remaining on the unvested restricted shares of 2.99 years as of June 30, 2025. The impact of tax benefits for dividends paid on unvested restricted stock on the Company’s unaudited consolidated statements of income for the three and six months ended June 30, 2025 and June 30, 2024 was immaterial.Table 7.2 summarizes activity related to restricted shares for the periods indicated.Table 7.2: Unvested Restricted Share ActivityFor the three months ended June 30,For the six months ended June 30,2025202420252024Shares  Weighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair ValueBeginning of the period balance111,786 $22.08 162,348 $21.22 120,577 $21.36 69,338 $20.53 Shares granted31,756 27.55 — — 42,241 28.38 96,380 21.97 Shares vested(14,094)20.00 (23,723)20.00 (33,037)21.33 (26,975)21.03 Shares forfeited— — (1,168)21.69 (333)21.97 (1,286)21.54 End of the period balance129,448 $23.65 137,457 $21.43 129,448 $23.65 137,457 $21.43 

Note 8: Commitments and Contingencies

Financial Instruments with Off-Balance Sheet RiskSome financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as 

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conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Substantially all of these commitments are at variable interest rates, based on an index,