Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 134

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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.33 (26,975)21.03 Shares forfeited(666)21.97 — — (999)21.97 (1,286)21.54 End of the period balance135,844 $23.86 137,457 $21.43 135,844 $23.86 137,457 $21.43 

Note 8: Commitments and Contingencies

Financial Instruments with Off-Balance Sheet RiskSome financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Substantially all of these commitments are at variable interest rates, based on an index, and have fixed expiration dates.Off-balance sheet risk to loan loss exists up to the face amount of these instruments, although material losses are not anticipated. The Company uses the same credit policies in making commitments to originate loans and lines of credit as it does for on-balance sheet instruments, including obtaining collateral at exercise of the commitment. The contractual amounts of unfunded loan commitments and standby letters of credit not reflected in the unaudited consolidated balance sheets at the dates indicated are presented in Table 8.1.Table 8.1: Unfunded Loan Commitments and Standby Letters of Credit(in thousands)September 30, 2025December 31, 2024Commercial lines of credit$259,629 $230,063 Undisbursed commercial real estate loans92,742 98,508 Undisbursed construction loans91,531 74,671 Agricultural lines of credit25,065 21,155 Undisbursed residential real estate loans6,838 7,225 Other1,800 1,973 Total commitments and standby letters of credit$477,605 $433,595 The Company records an allowance for credit losses on unfunded loan commitments at the consolidated balance sheet date based on estimates of the probability that these commitments will be drawn upon according to historical utilization experience of the different types of commitments and historical loss rates determined for pooled funded loans. The allowance for credit losses on unfunded commitments totaled $0.6 million as of September 30, 2025 and $0.7 million as of December