Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 137

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 137
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 development78 0.11 %178 0.50 %Commercial construction2,268 3.15 %718 2.03 %Residential construction64 0.13 %89 0.50 %Residential270 0.93 %151 0.84 %Farmland607 1.34 %399 1.67 %Commercial:Secured5,866 4.91 %3,314 5.70 %Unsecured278 0.78 %189 0.77 %Consumer and other2,496 7.90 %378 1.23 %Total$37,791 100.00 %$34,431 100.00 %

The ratio of allowance for credit losses to total loans held for investment was 1.07% at December 31, 2024, as compared to 1.12% at December 31, 2023.

62

Table 16 provides information on the activity within the allowance for credit losses as of and for the periods indicated.

Table 16: Activity Within the Allowance for Credit LossesAs of and for the year ended December 31, 2024December 31, 2023(dollars in thousands)Activity % of Average Loans Held for InvestmentActivity % of Average Loans Held for InvestmentAverage loans held for investment $3,276,841 $2,937,899 Allowance for credit losses$34,431 $28,389 Effect of adoption of ASC 326— 5,262  Net (charge-offs) recoveries: Commercial:Secured(4,042)(0.12)%(3,073)(0.10)%Unsecured(41)— %(6)— %Consumer and other(7)— %(111)— %Net charge-offs(4,090)(0.12)%(3,190)(0.11)%  Provision for credit losses7,450 3,970   Allowance for credit losses$37,791 $34,431 Loans held for investment$3,532,686 $3,081,719 Allowance for credit losses to loans held for investment1.07 %1.12 %

The allowance for credit losses to loans held for investment decreased from 1.12% as of December 31, 2023 to 1.07% as of