Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 1

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 other liabilities21,729 17,908 Total liabilities3,838,606 3,656,654 Commitments and contingencies (Note 8)Shareholders’ equity:Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at March 31, 2025 and December 31, 2024— — Common stock, no par value; 100,000,000 shares authorized; 21,329,235 shares issued and outstanding at March 31, 2025; 21,319,083 shares issued and outstanding at December 31, 2024302,788 302,531 Retained earnings115,309 106,464 Accumulated other comprehensive loss, net of taxes(11,646)(12,371)Total shareholders’ equity406,451 396,624 Total liabilities and shareholders’ equity$4,245,057 $4,053,278 

See accompanying notes to the unaudited consolidated financial statements.

1

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Three Months EndedMarch 31,(in thousands, except per share amounts)20252024Interest and fee income:Loans, including fees$52,931 $43,786 Taxable securities407 477 Nontaxable securities174 176 Interest-bearing deposits in banks3,575 3,102 Total interest and fee income57,087 47,541 Interest expense:Deposits21,948 19,511 Subordinated notes1,162 1,161 Other borrowings— 125 Total interest expense23,110 20,797 Net interest income33,977 26,744 Provision for credit losses1,900 900 Net interest income after provision for credit losses32,077 25,844 Non-interest income:Service charges on deposit accounts215 188 Gain on sale of loans125 369 Loan-related fees448 429 FHLB stock dividends331 332 Earnings on BOLI161 142 Other79 373 Total non-interest income1,359 1,833 Non-interest expense:Salaries and employee benefits9,134 7,577 Occupancy and equipment637 626 Data processing and software1,457 1,157 FDIC insurance455 400