Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 2

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 411 377 Gain on sale of loans119 449 244 818 Loan-related fees468 370 916 799 FHLB stock dividends325 329 656 661 Earnings on BOLI220 158 381 300 Other482 78 561 451 Total non-interest income1,810 1,573 3,169 3,406 Non-interest expense:Salaries and employee benefits8,910 7,803 18,044 15,380 Occupancy and equipment657 646 1,294 1,272 Data processing and software1,508 1,235 2,965 2,392 FDIC insurance470 390 925 790 Professional services918 767 1,831 1,474 Advertising and promotional865 615 1,387 1,075 Loan-related expenses423 297 742 594 Other operating expenses1,975 1,760 3,583 3,252 Total non-interest expense15,726 13,513 30,771 26,229 Income before provision for income taxes20,099 15,152 38,490 30,113 Provision for income taxes5,591 4,370 10,871 8,700 Net income$14,508 $10,782 $27,619 $21,413 Basic earnings per common share$0.68 $0.51 $1.30 $1.12 Diluted earnings per common share$0.68 $0.51 $1.30 $1.12 

See accompanying notes to unaudited consolidated financial statements.

2

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,(in thousands)2025 202420252024Net income$14,508 $10,782 $27,619 $21,413 Unrealized gain (loss) on securities:Net unrealized holding gain (loss) on securities available-for-sale during the period190 295 1,220 (660)Less: Income tax expense (benefit) related to items of other comprehensive (loss) income502 87 807 (195)Other comprehensive (