Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 208

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 208
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 rate changes is calculated by multiplying the change in average yield/rate by the previous period’s volume. Changes not solely attributable to volume or yields/rates have been allocated in proportion to the respective volume and yield/rate components.

Table 6: Interest Income and Expense Change Analysis(In thousands)For the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024Volume Yield/Rate Total Increase (Decrease)Interest-earning deposits in banks$6,983 $(1,157)$5,826 Investment securities(156)(30)(186)Loans held for investment and sale22,006 5,660 27,666 Total interest-earning assets28,833 4,473 33,306 Interest-bearing transaction accounts(24)(93)(117)Savings accounts45 (274)(229)Money market accounts4,119 (3,298)821 Time accounts11,221 (1,812)9,409 Subordinated notes and other borrowings(219)23 (196)Total interest-bearing liabilities15,142 (5,454)9,688 Changes in net interest income/margin$13,691 $9,927 $23,618 

Net interest income during the nine months ended September 30, 2025 increased to $109.8 million compared to $86.2 million during the nine months ended September 30, 2024. Net interest margin totaled 3.52% for the nine months ended September 30, 2025, compared to 3.30% for the same period of the prior year. The increase in net interest income is primarily attributable to an additional $33.3 million in interest income, mainly due to a $486.2 million, or 15.14%, increase in the average balance of loans and a 24 basis point improvement in the average yield on loans during the nine months ended September 30, 2025 compared to the same period of the prior year. The increase in interest income was partially offset by an additional $9.7 million in interest expense compared to the same period of the prior year. The increase in interest expense was primarily due to an increase in the average balance of interest-bearing deposits of $524.1 million, or 23.02%, compared to the same period of the prior year. The cost of interest-bearing deposits decreased 18 basis points. In addition, the average balance