Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 144

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 144
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 %$1,586,109 14.24 %74.52 %RV Park371,733 13.01 %648,272 17.94 %75.00 %Retail283,394 9.92 %569,677 6.49 %72.80 %Industrial224,860 7.87 %500,307 4.56 %73.91 %Faith-based184,151 6.45 %492,030 9.35 %74.67 %Mini storage177,854 6.22 %361,437 16.23 %69.19 %Multifamily172,592 6.04 %371,634 14.35 %75.00 %Office145,986 5.11 %338,474 5.03 %73.64 %All other types1404,668 14.16 %855,084 4.00 %112.07 %Total2$2,857,173 100.00 %$5,723,024 

1Types of collateral in the “all other types” category are those that individually make up less than 5.00% of the commercial real estate concentration.

2Minimum LTV and maximum LTV not shown for aggregated totals, as such values are meaningful only when presented by specific category.

Over the past several years, we have experienced significant growth in our loan portfolio, although the relative composition of the portfolio has not changed materially. Our primary focus remains commercial real estate lending (including commercial, commercial land and development, and commercial construction), which constitutes 84.33% of loans held for investment at March 31, 2025. Commercial secured lending represents 4.70% of loans held for investment at March 31, 2025. We sell the guaranteed portion of all SBA 7(a) loans in the secondary market and will continue to do so as long as market conditions continue to be favorable.

43

We recognize that our commercial real estate loan concentration is significant within our balance sheet. Commercial real estate loan balances as a percentage of risk-based capital were 576.23% and 571.91% as of March 31, 2025 and December 31, 2024, respectively. We have established internal concentration limits in the loan portfolio for commercial real estate loans by sector (e.g., manufactured home