Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 43

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 43
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 cost, net of allowance for credit losses of $20 at December 31, 2024 and 2023 (fair value of $2,353 and $2,913 at December 31, 2024 and 2023, respectively)2,720 3,077 Loans held for sale3,247 11,464 Loans held for investment3,532,686 3,081,719 Allowance for credit losses(37,791)(34,431)Loans held for investment, net of allowance for credit losses3,494,895 3,047,288 FHLB stock15,000 15,000 Operating leases, right-of-use asset, net6,245 5,284 Premises and equipment, net1,584 1,623 Bank-owned life insurance19,375 17,180 Interest receivable and other assets55,554 56,692 Total assets$4,053,278 $3,593,125 LIABILITIES AND SHAREHOLDERS’ EQUITY  Deposits:  Non-interest-bearing$922,629 $831,101 Interest-bearing2,635,365 2,195,795 Total deposits3,557,994 3,026,896 Borrowings:Subordinated notes, net73,895 73,749 Other borrowings— 170,000 Operating lease liability6,857 5,603 Interest payable and other liabilities17,908 31,103 Total liabilities3,656,654 3,307,351 Commitments and contingencies (Note 15)  Shareholders’ equity:  Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at December 31, 2024 and 2023— — Common stock, no par value; 100,000,000 shares authorized; 21,319,083 shares issued and outstanding at December 31, 2024; 17,256,989 shares issued and outstanding at December 31, 2023302,531 220,505 Retained earnings106,464 77,036 Accumulated other comprehensive loss, net of taxes(12,371)(11,767)Total shareholders’ equity396,624 285,774 Total liabilities and shareholders’ equity$4,053,278 $3,593