Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 165

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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 their intent to issue a proposal to rescind the October 2023 final rule, and to reinstate the CRA framework that existed prior to the October 2023 final rule. The Bank received a rating of “Satisfactory” in its most recent performance evaluation, which was conducted using the CRA framework that existed prior to the October 2023 final rule.

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Glossary of Acronyms, Abbreviations, and Terms

The terms identified below are used in various sections of this Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 and the unaudited Consolidated Financial Statements and Notes to the Financial Statements in Item 1 of this Form 10-Q.

2024 Annual Report on Form 10-KCompany’s Annual Report on Form 10-K for the year ended December 31, 2024FHLBFederal Home Loan Bank of San FranciscoACLAllowance for Credit LossesFHLMCFederal Home Loan Mortgage CorporationASCAccounting Standards CodificationFNMAFederal National Mortgage AssociationASUAccounting Standards UpdateGAAPGenerally Accepted Accounting Principles in the U.S.BancorpFive Star Bancorp and its subsidiaryGNMAGovernment National Mortgage AssociationBankFive Star BankGSEGovernment Sponsored EntityBasel IIIA capital framework and rules for U.S. banking organizationsIPOInitial Public OfferingBOLIBank-Owned Life InsuranceLMLoan modification made to borrower experiencing financial difficultyCECLCurrent Expected Credit LossNINet IncomeCMEChicago Mercantile ExchangeNIINet Interest IncomeCRECommercial Real EstateOCIOther Comprehensive IncomeC&ICommercial and IndustrialRSARestricted Stock AwardEPSEarnings per ShareROAAReturn on Average Assets, annualizedEVEEconomic Value of EquityROAEReturn on Average Equity, annualizedFASBFinancial Accounting Standards BoardROUARight-of-Use AssetFDICFederal Deposit Insurance CorporationSBAU.S. Small Business AdministrationFederal ReserveBoard of Governors of the Federal Reserve SystemSECSecurities and Exchange CommissionFFIECFederal Financial Institutions Examination CouncilSOFRSecured Overnight Financing Rate

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ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

Market risk is the risk of loss from adverse changes in market prices and rates. As a financial institution, the Company experiences market risk arising primarily from interest rate risk inherent in lending and deposit-taking activities. Because the interest rates on the Company’s assets and liabilities do not necessarily change at the same speed or rate