Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 143

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 143
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secured but are generally secured with the assets of the company and/or the personal guaranty of the business owner(s).

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Consumer and other loans consist primarily of loans purchased in a loan purchase program with a non-bank lender, generally made to professionals for the purpose of large personal or household purchases. The loans are unsecured, fixed rate loans. Consumer and other loans also include loans purchased or originated through financing partnerships which are no longer active.

Table 11 presents the commercial real estate loan balance, associated percentage of commercial real estate concentrations, estimated real estate collateral values, and related loan-to-value (“LTV”) ranges by collateral type as of the dates indicated. Revolving lines of credit with zero balance and 0.00% LTV are excluded from this table. Collateral values are determined at origination using third-party real estate appraisals or evaluations. Updated appraisals, which are included in Table 11, may be obtained for loans that are downgraded to watch or substandard. Loans over $2.0 million are reviewed annually, at which time an internal assessment of collateral values is completed. 

Table 11: Commercial Real Estate Loans(dollars in thousands)Loan Balance% of Commercial Real EstateCollateral ValueMinimum LTVMaximum LTVMarch 31, 2025Manufactured home community$918,864 31.24 %$1,637,759 14.15 %74.52 %RV Park378,525 12.87 %661,462 17.87 %75.00 %Retail272,441 9.26 %549,633 5.51 %72.46 %Industrial237,128 8.06 %527,874 3.68 %91.90 %Mini storage198,126 6.74 %393,377 16.14 %68.72 %Faith-based187,733 6.38 %498,447 9.29 %74.90 %Multifamily185,543 6.31 %395,489 14.28 %74.80 %All other types1562,841 19.14 %1,214,600 — %134.92 %Total2$2,941,201 100.00 %$5,878,641 December 31, 2024Manufactured home community$891,935 31.22