Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 129

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 2024Interest-bearing transaction accounts$292,257 $315,217 Savings accounts121,567 124,702 Money market accounts1,704,652 1,525,292 Time accounts, $250 or more377,441 344,129 Other time accounts394,644 326,025 Total interest-bearing deposits$2,890,561 $2,635,365 Time deposits totaled $772.1 million and $670.2 million as of June 30, 2025 and December 31, 2024, respectively. Scheduled maturities of time deposits as of June 30, 2025 for the next five years are shown in Table 5.2.Table 5.2: Scheduled Maturities of Time Deposits(in thousands)2025$723,140 202647,741 20271,103 2028101 2029— Total time deposits$772,085 

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Total deposits include deposits offered through the IntraFi Network that are comprised of Certificate of Deposit Account Registry Service® (“CDARS”) balances included in time deposits and Insured Cash Sweep® (“ICS”) balances included in money market and interest-bearing transaction deposits. Through this network, the Company offers customers access to FDIC-insured deposit products in aggregate amounts exceeding current insurance limits. When funds are deposited through CDARS and ICS on behalf of a customer, the Company has the option of receiving matching deposits through the network’s reciprocal deposit program or placing deposits “one-way,” for which the Company receives no matching deposits. The Company considers the reciprocal deposits to be in-market deposits, as distinguished from traditional out-of-market brokered deposits. There were no one-way deposits at June 30, 2025 or December 31, 2024. The composition of network deposits as of June 30, 2025 and December 31, 2024 is shown in Table 5.3.Table 5.3: Network Deposits(in thousands)June 30, 2025December 31, 2024CDARS$21,518 $19,292 ICS766,972 674,453 Total network deposits$788,490 $693,745 Table 5.4 presents interest expense recognized on interest-bearing deposits for the periods ended June 30, 2025 and 2024.Table 5.4: Interest Expense Recognized on Interest-Bearing DepositsThree months endedSix months ended