Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 115

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 billion at March 31, 2025 and December 31, 2024, to secure its borrowing capacity with the Federal Reserve Discount Window. See Note 6, Subordinated Notes and Other Borrowings, for further discussion of these borrowings.

Note 5: Interest-Bearing Deposits 

Table 5.1 shows the composition of interest-bearing deposits as of March 31, 2025 and December 31, 2024.Table 5.1: Interest-Bearing Deposits(in thousands)March 31, 2025December 31, 2024Interest-bearing transaction accounts$295,633 $315,217 Savings accounts128,210 124,702 Money market accounts1,577,473 1,525,292 Time accounts, $250 or more376,237 344,129 Other time accounts425,149 326,025 Total interest-bearing deposits$2,802,702 $2,635,365 Time deposits totaled $801.4 million and $670.2 million as of March 31, 2025 and December 31, 2024, respectively. Scheduled maturities of time deposits as of March 31, 2025 for the next five years are shown in Table 5.2.Table 5.2: Scheduled Maturities of Time Deposits(in thousands)2025$770,268 202630,025 20271,093 2028— 2029— Total time deposits$801,386 Total deposits include deposits offered through the IntraFi Network that are comprised of Certificate of Deposit Account Registry Service® (“CDARS”) balances included in time deposits and Insured Cash Sweep® (“ICS”) balances included in money market and interest-bearing transaction deposits. Through this network, the Company offers customers access to FDIC-insured deposit products in aggregate amounts exceeding current insurance limits. When funds are deposited through CDARS and ICS on behalf of a customer, the Company has the option of receiving matching deposits through the network’s reciprocal deposit program or placing deposits “one-way,” for which the Company receives no matching deposits. The Company considers the reciprocal deposits to be in-market deposits, as distinguished from traditional out-of-market brokered deposits. There were no one-way deposits at March 31, 2025 or December 31, 2024. The composition of network deposits as of March 31, 2025 and December 31, 2024 is shown in Table 5