Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 82

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 and cash outflows from the purchase of a security for $1.0 million. Additionally, at September 30, 2025, securities available-for-sale totaled $95.6 million, of which $90.6 million has been pledged as collateral for borrowings and other commitments.

FHLB Financing

The Bank is a shareholder of the FHLB, which enables the Bank to have access to lower-cost FHLB financing when necessary. At September 30, 2025, the Bank had no outstanding FHLB financing borrowings and a total financing availability of $658.5 million, net of letters of credit issued of $762.5 million.

Federal Reserve Discount Window

The Company has the ability to borrow from the Federal Reserve Discount Window when necessary. At September 30, 2025, the Bank had no outstanding Federal Reserve Discount Window borrowings and a total financing availability of $918.4 million.

Correspondent Bank Lines of Credit

At September 30, 2025, the unused and available amount for borrowing from correspondent bank lines of credit was $185.0 million.

Total Liquidity

Total liquidity (consisting of cash and cash equivalents and unused and immediately available borrowing 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