Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 14

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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: (i) issuer and/or guarantor credit ratings; (ii) historical probability of default and loss given default rates for given bond ratings and remaining maturity; (iii) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities; (iv) internal credit review of the financial information; and (v) whether or not such securities have credit enhancements such as guarantees, contain a defeasance clause, or are pre-refunded by the issuers.

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As of September 30, 2025 and December 31, 2024, the allowance for credit losses on held-to-maturity securities, at amortized cost, was $20.0 thousand. The Company did not record an allowance for credit losses on available-for-sale securities as of September 30, 2025 or December 31, 2024.A summary of the amortized cost and fair value related to securities available-for-sale as of September 30, 2025 and December 31, 2024 is presented in Table 3.2. Securities available-for-sale did not have an allowance for credit losses as of September 30, 2025 or December 31, 2024.Table 3.2: Securities Available-for-Sale(in thousands)Amortized CostGross Unrealized Fair ValueGains(Losses) September 30, 2025U.S. government agency securities$7,620 $132 $(68)$7,684 Mortgage-backed securities58,389 26 (9,099)49,316 Obligations of states and political subdivisions40,866 — (4,421)36,445 Collateralized mortgage obligations260 — (16)244 Corporate bonds2,000 — (54)1,946 Total available-for-sale$109,135 $158 $(13,658)$95,635 December 31, 2024U.S. government agency securities$8,293 $152 $(100)$8,345 Mortgage-backed securities62,397 6 (11,833)50,570 Obligations of states and political subdivisions42,762 1 (5,626)37,137 Collateralized mortgage obligations305 — (26)279 Corporate bonds2,000 — (137)1,863 Total available-for-sale$115,757 $159 $(17