Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 0

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. Financial Statements

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share amounts)March 31, 2025December 31, 2024ASSETSCash and due from financial institutions$42,473 $33,882 Interest-bearing deposits in banks410,098 318,461 Cash and cash equivalents452,571 352,343 Time deposits in banks4,024 4,121 Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024 (amortized cost of $113,642 and $115,757 at March 31, 2025 and December 31, 2024, respectively)97,111 98,194 Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at March 31, 2025 and December 31, 2024 (fair value of $2,275 and $2,353 at March 31, 2025 and December 31, 2024, respectively)2,585 2,720 Loans held for sale2,669 3,247 Loans held for investment3,621,819 3,532,686 Allowance for credit losses(39,224)(37,791)Loans held for investment, net of allowance for credit losses 3,582,595 3,494,895 FHLB stock15,000 15,000 Operating leases, right-of-use asset, net5,944 6,245 Premises and equipment, net1,524 1,584 Bank-owned life insurance23,246 19,375 Interest receivable and other assets57,788 55,554 Total assets$4,245,057 $4,053,278 LIABILITIES AND SHAREHOLDERS’ EQUITYDeposits:Non-interest-bearing$933,652 $922,629 Interest-bearing2,802,702 2,635,365 Total deposits3,736,354 3,557,994 Borrowings:Subordinated notes, net73,932 73,895 Other borrowings— — Operating lease liability6,591 6,857 Interest payable and