Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 27

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 million as of March 31, 2025 and December 31, 2024, respectively. Scheduled maturities of time deposits as of March 31, 2025 for the next five years are shown in Table 5.2.Table 5.2: Scheduled Maturities of Time Deposits(in thousands)2025$770,268 202630,025 20271,093 2028— 2029— Total time deposits$801,386 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 March 31, 2025 or December 31, 2024. The composition of network deposits as of March 31, 2025 and December 31, 2024 is shown in Table 5.3.Table 5.3: Network Deposits(in thousands)March 31, 2025December 31, 2024CDARS$18,679 $19,292 ICS676,433 674,453 Total network deposits$695,112 $693,745 

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Table 5.4 presents interest expense recognized on interest-bearing deposits for the periods ended March 31, 2025 and 2024.Table 5.4: Interest Expense Recognized on Interest-Bearing DepositsThree months ended(in thousands)March 31, 2025March 31, 2024Interest-bearing transaction accounts$1,112 $1,126 Savings accounts772 861 Money market accounts12,435 12,155 Time accounts, $250 or more3,756 3,824 Other time accounts3,873 1,545 Total interest expense on interest-bearing deposits$21,948 $19,511 

Note 6: Subordinated Notes and Other Borrow