Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 61

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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Residential34,053 — — — 34,053 Farmland42,354 1,289 — — 43,643 Commercial:Secured158,117 12,365 43 — 170,525 Unsecured34,970 — — — 34,970 Consumer and other277,085 — 8 — 277,093 Total $3,508,102 $111,984 $3,704 $— $3,623,790 December 31, 2024Real estate:Commercial$2,746,594 $107,992 $2,587 $— $2,857,173 Commercial land and development3,849 — — — 3,849 Commercial construction111,318 — — — 111,318 Residential construction4,561 — — — 4,561 Residential32,774 — — — 32,774 Farmland45,948 1,293 — — 47,241 Commercial:Secured156,381 14,119 48 — 170,548 Unsecured27,558 — — — 27,558 Consumer and other279,575 — 9 — 279,584 Total $3,408,558 $123,404 $2,644 $— $3,534,606 

Loans designated as watch and substandard, which are not considered adversely classified, decreased to $115.7 million at March 31, 2025 from $126.0 million at December 31, 2024. There were no loans with doubtful risk grades at March 31, 2025 or December 31, 2024.

Allowance for Credit Losses

The allowance for credit losses is established through a provision for credit losses charged to operations. Provisions are charged against the allowance for credit losses when management believes that the collectability of the principal is unlikely. Subsequent recoveries of previously charged-off amounts, if any, are credited to the allowance for credit losses.

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The allowance for credit losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower