Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 1

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
20,397 17,908 Total liabilities3,996,731 3,656,654 Commitments and contingencies (Note 8)Shareholders’ equity:Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at June 30, 2025 and December 31, 2024— — Common stock, no par value; 100,000,000 shares authorized; 21,360,991 shares issued and outstanding at June 30, 2025; 21,319,083 shares issued and outstanding at December 31, 2024303,155 302,531 Retained earnings125,545 106,464 Accumulated other comprehensive loss, net of taxes(11,958)(12,371)Total shareholders’ equity416,742 396,624 Total liabilities and shareholders’ equity$4,413,473 $4,053,278 

See accompanying notes to the unaudited consolidated financial statements.

1

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,(in thousands, except per share amounts)2025202420252024Interest and fee income:Loans, including fees$56,016 $46,362 $108,947 $90,148 Taxable securities403 474 810 951 Nontaxable securities174 176 348 352 Interest-bearing deposits in banks3,987 1,986 7,562 5,088 Total interest and fee income60,580 48,998 117,667 96,539 Interest expense:Deposits22,904 18,717 44,852 38,228 Subordinated notes1,161 1,162 2,323 2,323 Other borrowings— 27 — 152 Total interest expense24,065 19,906 47,175 40,703 Net interest income36,515 29,092 70,492 55,836 Provision for credit losses2,500 2,000 4,400 2,900 Net interest income after provision for credit losses34,015 27,092 66,092 52,936 Non-interest income:Service charges on deposit accounts196 189