Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 238

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 238
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 capacity as set forth in Table 26) was approximately $2.3 billion as of September 30, 2025.

Table 26: Total LiquiditySeptember 30, 2025(dollars in thousands)Line of CreditLetters of Credit IssuedBorrowingsAvailableFHLB advances$1,420,987 $762,500 $— $658,487 Federal Reserve Discount Window918,370 — — 918,370 Correspondent bank lines of credit185,000 — — 185,000 Cash and cash equivalents— — — 580,447 Total$2,524,357 $762,500 $— $2,342,304 

Future Contractual Obligations

Our estimated future contractual obligations as of September 30, 2025 include both current and long-term obligations. Under our operating leases, we have an operating lease liability of $10.4 million. We have a current obligation of $624.4 million and a long-term obligation of $1.2 million related to time deposits, as discussed in Note 5, Interest-Bearing Deposits. We have net subordinated notes of $74.0 million, all of which are long-term obligations. We also have contractual obligations on unfunded loan commitments and standby letters of credit totaling $477.6 million.

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Dividends

A use of liquidity for the Company is shareholder dividends. The Company paid dividends to its shareholders totaling $4.3 million during the three months ended September 30, 2025.

We expect to continue our current practice of paying quarterly cash dividends with respect to our common stock, subject to our board of directors’ discretion to modify or terminate this practice at any time and for any reason without prior notice. We believe our quarterly dividend rate per share, as approved by our board of directors, enables us to balance our multiple objectives of managing our business and returning a portion of our earnings to our shareholders. Assuming continued payment during the rest of 2025 at a rate of $0.20 per share, our average total dividend paid each quarter would be approximately $4.3 million based on the number of currently outstanding shares if there are no increases or decreases in the number of shares, and given that unvested RSAs share equally in dividends with outstanding common stock.

Impact of Inflation

Our unaudited consolidated financial statements and related notes have been prepared in accordance with GAAP, which require the