Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 8

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 8
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1,099 — — 1,099 Stock forfeitures(6,561)— — — — Cash dividends paid ($1.05 per share)— — (15,301)— (15,301)Balance at December 31, 202217,241,926 $219,543 $46,736 $(13,454)$252,825 Cumulative effect of adoption of ASC 326 on retained earnings— — (4,491)— (4,491)Net income— — 47,734 — 47,734 Other comprehensive income— — — 1,687 1,687 Stock issued under stock award plans16,978 — — — — Stock compensation expense— 962 — — 962 Stock forfeitures(1,915)— — — — Cash dividends paid ($0.75 per share)— — (12,943)— (12,943)Balance at December 31, 202317,256,989 $220,505 $77,036 $(11,767)$285,774       Net income— — 45,671 — 45,671 Other comprehensive loss— — — (604)(604)Stock issued under stock award plans96,380 — — — — Stock compensation expense— 1,156 — — 1,156 Stock forfeitures(1,786)— — — — Common stock issued3,967,500 80,870 — — 80,870 Cash dividends paid ($0.80 per share)— — (16,243)— (16,243)Balance at December 31, 202421,319,083 $302,531 $106,464 $(12,371)$396,624 

See accompanying notes to consolidated financial statements.

78

FIVE STAR BANCORP AND SUBSIDIARY 

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years ended December 31, 2024, 2023, and 2022

(in thousands)202420232022Cash flows from operating activities:  Net income$45,671 $47,734 $44,801 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit