Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 174

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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2025June 30, 2024(dollars in thousands)Activity% of Average Loans Held for InvestmentActivity% of Average Loans Held for InvestmentActivity % of Average Loans Held for InvestmentActivity % of Average Loans Held for InvestmentAverage loans held for investment $3,690,658 $3,189,505 $3,628,589 $3,129,485 Allowance for credit losses$39,224 $34,653 $37,791 $34,431   Net (charge-offs) recoveries:  Commercial:Secured(1,420)(0.04)%(1,182)(0.04)%(2,101)(0.06)%(1,998)(0.06)%Unsecured(50)— %(36)— %(50)— %(70)— %Consumer and other13 — %21 — %(23)— %43 — %Net charge-offs(1,457)(0.04)%(1,197)(0.04)%(2,174)(0.06)%(2,025)(0.06)%                   Provision for credit losses2,400 1,950 4,550 3,000                    Allowance for credit losses$40,167 $35,406 $40,167 $35,406                    Loans held for investment$3,758,025 $3,266,291 $3,758,025 $3,266,291 Allowance for credit losses to loans held for investment1.07 %1.08 %1.07 %1.08 %

The ratio of the allowance for credit losses to loans held for investment decreased from 1.08% as of June 30, 2024 to 1.07% as of June 30, 2025. Net charge-offs as a percent of average loans held for investment remained at 0.04% for the three months ended June 30, 2024 and June 30, 2025, respectively. Net charge-offs as a percent of average loans held for investment remained at 0.06% for the six months ended June 30, 2024 and June 30, 2025, respectively.

54

Liabilities

During the first six months of 2025, total liabilities increased by $340.1 million from $3