Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 26

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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Residential151 — — 13 164 Farmland399 — — 39 438 Commercial:Secured3,314 (998)182 764 3,262 Unsecured189 (34)— 104 259 Consumer and other378 (71)93 260 660 Total$34,431 $(1,103)$275 $1,050 $34,653 

Unfunded Loan Commitment ReservesUnfunded loan commitment reserves are included in “Interest payable and other liabilities” in the unaudited consolidated balance sheets. Provisions for unfunded loan commitments are included in “Provision for credit losses” in the unaudited consolidated statements of income.Table 4.6: Unfunded Loan Commitment ReservesThree months ended(in thousands)March 31, 2025March 31, 2024Balance at beginning of period$747 $1,247 Provision (benefit)(250)(150)Balance at end of period$497 $1,097 

22

Pledged LoansThe Company’s FHLB line of credit is secured under terms of a collateral agreement by a pledge of certain qualifying loans with unpaid principal balances of $1.9 billion at March 31, 2025 and December 31, 2024. In addition, the Company pledges eligible tenants in common loans, which totaled $1.2 billion at March 31, 2025 and December 31, 2024, to secure its borrowing capacity with the Federal Reserve Discount Window. See Note 6, Subordinated Notes and Other Borrowings, for further discussion of these borrowings.

Note 5: Interest-Bearing Deposits 

Table 5.1 shows the composition of interest-bearing deposits as of March 31, 2025 and December 31, 2024.Table 5.1: Interest-Bearing Deposits(in thousands)March 31, 2025December 31, 2024Interest-bearing transaction accounts$295,633 $315,217 Savings accounts128,210 124,702 Money market accounts1,577,473 1,525,292 Time accounts, $250 or more376,237 344,129 Other time accounts425,149 326,025 Total interest-bearing deposits$2,802,702 $2,635,365 Time deposits totaled $801.4 million and $670.2