Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 131

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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. At December 31, 2024, the Company had five unsecured federal funds lines of credit totaling $175.0 million with five of its correspondent banks. The borrowings were available at interest rates ranging from 4.25% to 5.45% as of September 30, 2025. There were no amounts outstanding at September 30, 2025 or December 31, 2024.

Note 7: Shareholders’ Equity

(a) EPSBasic EPS is net income divided by the weighted average number of common shares outstanding during the period less average unvested restricted stock awards (“RSAs”). Diluted EPS includes the dilutive effect of additional potential common shares related to unvested RSAs using the treasury stock method. The Company has two forms of outstanding common stock: common stock and unvested RSAs. Holders of unvested RSAs receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings, and therefore the RSAs are considered participating securities. However, under the two-class method, the difference in EPS is not significant for these participating securities.Table 7.1: EPSThree months endedNine months ended(in thousands, except share count and earnings per common share)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Net income$16,344 $10,941 $43,963 $32,354 Basic weighted average common shares outstanding21,231,563 21,182,143 21,222,504 19,809,298 Add: Dilutive effects of assumed vesting of restricted stock50,255 50,615 45,823 50,344 Total dilutive weighted average common shares outstanding21,281,818 21,232,758 21,268,327 19,859,642 Earnings per common share:Basic EPS$0.77 $0.52 $2.07 $1.63 Diluted EPS$0.77 $0.52 $2.07 $1.63 The Company did not have any anti-dilutive shares at September 30, 2025 or September 30, 2024.

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(b) DividendsThe board of directors declared on July 17, 2025, and the Company subsequently paid, a cash dividend of