Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 232

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 232
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30, 2025, our 56 largest deposit relationships, each accounting for more than $10.0 million, totaled $2.0 billion, or 49.21% of our total deposits. The average age on deposit relationships of more than $5.0 million was approximately 7.98 years as of September 30, 2025. As of December 31, 2024, our 49 largest deposit relationships, each accounting for more than $10.0 million, totaled $1.8 billion, or 50.35% of our total deposits.

Table 23 shows the entity types making up our large deposit relationships at the dates indicated. 

Table 23: Composition of Large Deposit Relationships(dollars in thousands)September 30, 2025December 31, 2024Municipalities$739,595 $674,094 Non-profits271,872 211,480 Businesses791,397 605,894 Brokered deposits216,402 299,961 Total$2,019,266 $1,791,429 

Our largest single deposit relationship at September 30, 2025 related to a government agency. The balance for this customer was $290.0 million, or approximately 7.07% of total deposits as of that date. At December 31, 2024, our largest single deposit relationship related to brokered deposits and had a balance of $300.0 million, or 8.43% of total deposits as of that date. As our demand deposits fluctuate, we have purchased brokered deposits as needed to supplement liquidity. We do not consider brokered deposits as core deposits, but as another deposit funding source for our loan growth.

Table 24 sets forth the maturity of time deposits as of September 30, 2025.

Table 24: Scheduled Maturities of Time Deposits(dollars in thousands)$250,000 or GreaterLess than $250,000TotalUninsured PortionRemaining maturity:Three months or less$336,109 $227,700 $563,809 $330,151 Over three through six months32,614 5,468 38,082 26,864 Over six through twelve months9,637 12,877 22,514 4,887 Over twelve months1,008 167 1,175 508 Total$379,368 $246,212 $625