Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 139

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 while maintaining liquidity with minimal credit and interest rate risk. Most of our securities are classified as available-for-sale, although we have one long-term, fixed rate municipal security classified as held-to-maturity.

Our total securities available-for-sale and held-to-maturity amounted to $99.7 million at March 31, 2025 and $100.9 million at December 31, 2024, representing a decrease of $1.2 million during the same period. The decrease to available-for-sale securities was primarily due to maturities, prepayments, and calls of $2.0 million and an unrealized gain on securities of $1.0 million, with the remainder of the change due to amortization of premiums. For the three months ended March 31, 2025, other comprehensive gain was $0.7 million, primarily due to rate changes and other market conditions on securities during that period.

Table 8 presents the carrying value of our investment portfolio as of the dates indicated.

Table 8: Carrying Value of Investment SecuritiesAs of March 31, 2025December 31, 2024(dollars in thousands)Carrying Value% of Total Carrying Value% of Total Available-for-sale (at fair value):U.S. government agency securities$7,574 7.60 %$8,345 8.27 %Mortgage-backed securities50,297 50.44 %50,570 50.10 %Obligations of states and political subdivisions37,072 37.19 %37,137 36.80 %Collateralized mortgage obligations267 0.27 %279 0.28 %Corporate bonds1,901 1.91 %1,863 1.85 %Total available-for-sale97,111 97.41 %98,194 97.30 %Held-to-maturity (at amortized cost):Obligations of states and political subdivisions2,585 2.59 %2,720 2.70 %Total$99,696 100.00 %$100,914 100.00 %

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Table 9 presents the carrying value of our securities by their stated maturities, as well as the weighted average yields for each maturity range, as of the dates shown.

Table 9: Stated Maturities and Weighted Average Yields - Investment SecuritiesDue in