Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 139

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 139
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 31, 2023(dollars in thousands)Average AmountAverage Rate Paid % of Total Deposits Average AmountAverage Rate Paid % of Total Deposits Interest-bearing transaction accounts$298,137 1.58 %9.24 %$312,944 1.06 %10.67 %Money market and savings accounts1,657,613 3.46 %51.37 %1,403,599 2.64 %47.85 %Time accounts412,007 4.94 %12.77 %372,557 4.71 %12.70 %Demand accounts858,789 — %26.62 %844,057 — %28.78 %Total deposits$3,226,546 2.56 %100.00 %$2,933,157 1.97 %100.00 %

Uninsured and uncollateralized deposits totaled $1.2 billion and $1.0 billion at December 31, 2024 and 2023, respectively.

As of December 31, 2024, our 49 largest deposit relationships, each accounting for more than $10.0 million, totaled $1.8 billion, or 50.35% of our total deposits. The average age on deposit relationships of more than $5.0 million was approximately 9.13 years. As of December 31, 2023, our 40 largest deposit relationships, each accounting for more than $10.0 million, totaled $1.5 billion, or 49.80% of our total deposits. Overall, our large deposit relationships have been relatively consistent over time and have helped to continue to grow our deposit base. Table 18 shows the entity types making up our large deposit relationships at the dates indicated.

Table 18: Composition of Large Deposit Relationships(dollars in thousands)December 31, 2024December 31, 2023Municipalities$674,094 $693,685 Non-profits211,480188,252Businesses605,894525,193Brokered deposits299,961 100,128 Total$1,791,429 $1,507,258 

Our largest single deposit relationship at December 31, 2024 related to brokered deposits. The balance for this customer was $300.0 million