Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 149

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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 origination. Commercial real estate loans over $2.0 million are reevaluated at least annually for proper classification in conjunction with our review of property and borrower financial information. All loans are reevaluated for proper risk grading as new information such as payment patterns, collateral condition, and other relevant information comes to our attention.

The banking industry defines loans graded substandard or doubtful as “classified” loans. Table 15 shows our levels of classified loans as of the periods indicated. 

Table 15: Gross Loans Held for Investment by Credit Quality Risk Rating(dollars in thousands)PassWatchSubstandardDoubtfulTotalMarch 31, 2025Real estate:Commercial$2,839,218 $98,330 $3,653 $— $2,941,201 Commercial land and development3,556 — — — 3,556 Commercial construction113,002 — — — 113,002 Residential construction5,747 — — — 5,747 Residential34,053 — — — 34,053 Farmland42,354 1,289 — — 43,643 Commercial:Secured158,117 12,365 43 — 170,525 Unsecured34,970 — — — 34,970 Consumer and other277,085 — 8 — 277,093 Total $3,508,102 $111,984 $3,704 $— $3,623,790 December 31, 2024Real estate:Commercial$2,746,594 $107,992 $2,587 $— $2,857,173 Commercial land and development3,849 — — — 3,849 Commercial construction111,318 — — — 111,318 Residential construction4,561 — — — 4,561 Residential32,774 — — — 32,774 Farmland45,948 1,293 — — 47,241 Commercial:Secured156,381 14,119 48 — 170,548 Unsecured27,558 — — — 27,558 Consumer and other279,575 — 9 — 279,584 Total $3,408,