Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 212

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 212
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2024

Table 9 details the components of non-interest expense for the periods indicated.

Table 9: Non-interest ExpenseFor the three months ended(dollars in thousands)September 30, 2025September 30, 2024$ Change% ChangeSalaries and employee benefits$9,716 $7,969 $1,747 21.92 %Occupancy and equipment700 626 74 11.82 %Data processing and software1,559 1,327 232 17.48 %FDIC insurance500 405 95 23.46 %Professional services932 830 102 12.29 %Advertising and promotional803 584 219 37.50 %Loan-related expenses317 292 25 8.56 %Other operating expenses2,053 1,743 310 17.79 %Total non-interest expense$16,580 $13,776 $2,804 20.35 %

Salaries and employee benefits. The increase related primarily to: (i) a $1.7 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 $0.5 million increase in commissions paid. This increase was partially offset by a $0.5 million increase in deferred loan origination costs due to a greater number of 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.

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

Advertising and promotional. The increase related primarily to additional expenses incurred to support the expansion of the Bank’s business development teams, including a $0.1 million increase in expenses related to sponsored events and partnerships and a $0.1 million increase related to client and prospective client development expenses.

Other operating expenses. The increase was primarily due to: (i) a $0.1 million increase in administrative charges, including subscription services and bank charges; (ii) a $0.1 million increase in