Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 151

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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2,227 3.12 %2,268 3.15 %Residential construction78 0.16 %64 0.13 %Residential279 0.94 %270 0.93 %Farmland598 1.20 %607 1.34 %Commercial:Secured5,905 4.77 %5,866 4.91 %Unsecured403 0.96 %278 0.78 %Consumer and other2,637 7.64 %2,496 7.90 %Total allowance for credit losses$39,224 100.00 %$37,791 100.00 %

The ratio of the allowance for credit losses to total loans held for investment was 1.08% at March 31, 2025, as compared to 1.07% at December 31, 2024.

48

Table 17: Activity Within the Allowance for Credit LossesAs of and for the three months ended March 31, 2025March 31, 2024(dollars in thousands)Activity% of Average Loans Held for InvestmentActivity% of Average Loans Held for InvestmentAverage loans held for investment $3,565,830 $3,069,466 Allowance for credit losses$37,791 $34,431 Net (charge-offs) recoveries:Commercial:Secured(681)(0.02)%(816)(0.03)%Unsecured— — %(34)— %Consumer and other(36)— %22 — %Net charge-offs(717)(0.02)%(828)(0.03)%Provision for credit losses2,150 1,050 Allowance for credit losses$39,224 $34,653 Loans held for investment$3,621,819 $3,104,130 Allowance for credit losses to loans held for investment1.08 %1.12 %

The ratio of the allowance for credit losses to loans held for investment decreased from 1.12% as of March 31, 2024 to 1.08% as of March 31, 2025. Net charge-offs as a percent of average loans held for investment decreased from 0.03% to 0.02% for the three months ended March 31, 2024 and March 31,