Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 213

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 213
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 IntraFi Network fees resulting from an overall increase in balances carried in the network; and (iii) a $0.1 million increase in armored car and courier expenses.

43

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024

Table 10 details the components of non-interest expense for the periods indicated.

Table 10: Non-interest ExpenseFor the nine months ended(dollars in thousands)September 30, 2025September 30, 2024$ Change% ChangeSalaries and employee benefits$27,760 $23,349 $4,411 18.89 %Occupancy and equipment1,994 1,898 96 5.06 %Data processing and software4,524 3,719 805 21.65 %FDIC insurance1,425 1,195 230 19.25 %Professional services2,763 2,304 459 19.92 %Advertising and promotional2,190 1,659 531 32.01 %Loan-related expenses1,059 886 173 19.53 %Other operating expenses5,636 4,995 641 12.83 %Total non-interest expense$47,351 $40,005 $7,346 18.36 %

Salaries and employee benefits. The increase was primarily a result of: (i) a $4.6 million increase in salaries, benefits, and bonus expense, mainly related to a 13.33% increase in headcount between September 30, 2024 and September 30, 2025; and (ii) a $0.7 million increase in commission expense. This increase was partially offset by a $0.9 million increase in deferred loan origination costs due to greater loan originations, net of purchased consumer loans, period-over-period.

Data processing and software. The increase was primarily due to: (i) increased usage of our digital banking platform; (ii) higher transaction volumes related to the increased number of loan and deposit accounts; and (iii) an increased number of licenses required for new users on our loan origination and documentation system.

FDIC insurance. The increase was primarily due to a $0.8 million increase in the assessment base period-over-period.

Professional services. The increase was primarily due to $0.1 million in fees paid for compensation consulting services