Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 175

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 175
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.7 billion as of December 31, 2024 to $4.0 billion as of June 30, 2025. This increase was primarily due to an increase in interest-bearing deposits of $255.2 million. The increase in interest-bearing deposits was largely due to increases in money market and time deposits of $179.4 million and $101.9 million, respectively.

Deposits

Representing 97.45% of our total liabilities as of June 30, 2025, deposits are our primary source of funding for our business operations.

Total deposits increased by $336.6 million, or 9.46%, to $3.9 billion at June 30, 2025 from $3.6 billion at December 31, 2024. The increase was due to increases in both non-wholesale and wholesale deposits, which the Company defines as brokered deposits and California Time Deposit Program deposits. Non-interest-bearing deposits increased by $81.4 million from December 31, 2024 to $1.0 billion at June 30, 2025, representing 25.78% of total deposits at that date, as compared to 25.93% of total deposits at December 31, 2024. Our loan to deposit ratio was 96.50% at June 30, 2025, as compared to 99.38% at December 31, 2024. We intend to continue to operate our business with close monitoring of the loan to deposit ratio.

Table 22 summarizes our deposit composition by average deposit balances and average rates paid for the periods indicated.

Table 22: Deposit Composition by Average Balances and Rates PaidFor the three months ended June 30, 2025June 30, 2024(dollars in thousands)Average AmountAverage Rate Paid% of Total DepositsAverage AmountAverage Rate Paid% of Total DepositsInterest-bearing transaction accounts$283,369 1.48 %7.58 %$291,470 1.52 %9.56 %Money market and savings accounts1,769,320 3.19 %47.36 %1,667,894 3.44 %54.68 %Time accounts726,295 4.30 %19.44 %272,887 4.96 %8.95 %Demand accounts957,034 — %25