Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 74

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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21: Activity Within the Allowance for Credit LossesAs of and for the three months ended As of and for the six months ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024(dollars in thousands)Activity% of Average Loans Held for InvestmentActivity% of Average Loans Held for InvestmentActivity % of Average Loans Held for InvestmentActivity % of Average Loans Held for InvestmentAverage loans held for investment $3,690,658 $3,189,505 $3,628,589 $3,129,485 Allowance for credit losses$39,224 $34,653 $37,791 $34,431   Net (charge-offs) recoveries:  Commercial:Secured(1,420)(0.04)%(1,182)(0.04)%(2,101)(0.06)%(1,998)(0.06)%Unsecured(50)— %(36)— %(50)— %(70)— %Consumer and other13 — %21 — %(23)— %43 — %Net charge-offs(1,457)(0.04)%(1,197)(0.04)%(2,174)(0.06)%(2,025)(0.06)%                   Provision for credit losses2,400 1,950 4,550 3,000                    Allowance for credit losses$40,167 $35,406 $40,167 $35,406                    Loans held for investment$3,758,025 $3,266,291 $3,758,025 $3,266,291 Allowance for credit losses to loans held for investment1.07 %1.08 %1.07 %1.08 %

The ratio of the allowance for credit losses to loans held for investment decreased from 1.08% as of June 30, 2024 to 1.07% as of June 30, 2025. Net charge-offs as a percent of average loans held for investment remained at 0.04% for the three months ended June 30, 2024 and June 30, 2025, respectively. Net charge-offs as a percent of average loans held for investment remained at 0.06% for the six months ended