Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 132

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 132
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 Sensitivity to Interest Rates - Gross Loans(dollars in thousands)Fixed Interest RatesFloating or Adjustable RatesTotalDecember 31, 2024Real estate:   Commercial$587,825 $2,269,348 $2,857,173 Commercial land and development1,416 2,433 3,849 Commercial construction— 111,318 111,318 Residential construction— 4,561 4,561 Residential4,495 28,279 32,774 Farmland4,873 42,368 47,241 Commercial:Secured48,587 125,208 173,795 Unsecured19,988 7,570 27,558 Consumer and other279,458 126 279,584 Total$946,642 $2,591,211 $3,537,853 December 31, 2023Real estate:Commercial$570,385 $2,115,034 $2,685,419 Commercial land and development10,081 5,470 15,551 Commercial construction— 62,863 62,863 Residential construction3,913 11,543 15,456 Residential1,272 24,621 25,893 Farmland5,848 45,821 51,669 Commercial:Secured38,029 138,544 176,573 Unsecured16,343 7,507 23,850 Consumer and other38,081 85 38,166 Total$683,952 $2,411,488 $3,095,440 

Asset Quality

We manage the quality of our loans based upon trends at the overall loan portfolio level, as well as within each product type. We measure and monitor key factors that include the level and trend of classified, delinquent, non-accrual, and nonperforming assets, collateral coverage, credit scores, and debt service coverage, where applicable. These metrics directly impact our evaluation of the adequacy of our allowance for credit losses.

Our primary objective is to maintain a high level of asset quality in our loan portfolio. We believe our underwriting policies and practices, executed by experienced professionals, appropriately govern the risk profile for our loan portfolio. These policies are continually evaluated and updated as necessary. All loans are assessed and assigned a risk classification at origination based on underlying characteristics of the transaction,