Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 4

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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— 300 Net change in time deposits in banks97 (20)Loan originations, net of repayments(86,404)(11,498)Purchase of premises and equipment(100)(108)Purchase of BOLI(3,710)(1,550)Net cash used in investing activities(89,338)(11,923)Cash flows from financing activities:Net change in deposits178,360 (71,124)Advances (payments) on other borrowings— (50,000)Cash dividends paid(4,266)(3,451)Net cash provided by (used in) financing activities174,094 (124,575)Net change in cash and cash equivalents100,228 (136,251)Cash and cash equivalents at beginning of period352,343 321,576 Cash and cash equivalents at end of period$452,571 $185,325 Supplemental disclosure of cash flow information:Interest paid$23,044 $22,568 Income taxes paid26 144 Supplemental disclosure of noncash items:Transfer from loans held for sale to loans held for investment3,247 11,464 Unrealized gain (loss) on securities1,030 (955)Operating lease liabilities exchanged for ROUA— 1,958 ROUA acquired— (1,958)

See accompanying notes to the unaudited consolidated financial statements.

5

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 1: Basis of Presentation and Summary of Significant Accounting Policies

(a) OrganizationFive Star Bank (the “Bank”) was chartered on October 26, 1999 and began operations on December 20, 1999. Five Star Bancorp (“Bancorp” or the “Company”) was incorporated on September 16, 2002 and subsequently obtained approval from the Federal Reserve to become a bank holding company in connection with its acquisition of the Bank. The Company became the sole shareholder of the Bank on June 2, 2003 in a statutory merger, pursuant to which each outstanding share of the Bank’s common stock was exchanged for one share of common stock of the Company.The Company, through the Bank, provides financial services to customers who are predominately small and middle-market businesses, professionals, and individuals residing in the Northern California region. The Company’s primary loan products are commercial real estate loans, land development loans, construction loans, and operating lines of credit, and