Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 244

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 244
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 On October 29, 2025, the district court issued a preliminary injunction preventing the CFPB from enforcing the final rule until the CFPB has completed its reconsideration of the rule.

On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or the “GENIUS Act,” into law, establishing a federal licensing and supervisory framework for payment stablecoins and their issuers. The GENIUS Act may accelerate and increase the competition that non-traditional financial institutions pose to banks’ payment services, but may also create opportunities for banks to hold stablecoin reserve assets, custody stablecoins, or issue stablecoins. Several key provisions of the GENIUS Act require federal regulatory agencies to adopt implementing regulations, and the Act will take effect the earlier of 18 months after its enactment or 120 days after the agencies issue final implementing regulations.

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Glossary of Acronyms, Abbreviations, and Terms

The terms identified below are used in various sections of this Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 and the unaudited Consolidated Financial Statements and Notes to the Financial Statements in Item 1 of this Form 10-Q.

2024 Annual Report on Form 10-KCompany’s Annual Report on Form 10-K for the year ended December 31, 2024FHLBFederal Home Loan Bank of San FranciscoACLAllowance for Credit LossesFHLMCFederal Home Loan Mortgage CorporationASCAccounting Standards CodificationFNMAFederal National Mortgage AssociationASUAccounting Standards UpdateGAAPGenerally Accepted Accounting Principles in the U.S.BancorpFive Star Bancorp and its subsidiaryGNMAGovernment National Mortgage AssociationBankFive Star BankGSEGovernment Sponsored EntityBasel IIIA capital framework and rules for U.S. banking organizationsIPOInitial Public OfferingBOLIBank-Owned Life InsuranceLMLoan modification made to borrower experiencing financial difficultyCECLCurrent Expected Credit LossNIINet Interest IncomeCFPBConsumer Financial Protection BureauOCIOther Comprehensive IncomeCMEChicago Mercantile ExchangePSUPerformance-based Restricted Stock UnitCRECommercial Real EstateRSARestricted Stock AwardEPSEarnings per ShareROAAReturn on Average Assets, annualizedEVEEconomic Value of EquityROAEReturn on Average Equity, annualizedFASBFinancial Accounting Standards BoardROUARight-of-Use AssetFDICFederal Deposit Insurance