Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 194

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 194
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 in thousands)Fixed Interest RatesFloating or Adjustable RatesTotalMarch 31, 2025Real estate:Commercial$603,698 $2,337,503 $2,941,201 Commercial land and development1,401 2,155 3,556 Commercial construction— 113,002 113,002 Residential construction— 5,747 5,747 Residential4,466 29,587 34,053 Farmland4,819 38,824 43,643 Commercial:Secured48,316 124,878 173,194 Unsecured23,636 11,334 34,970 Consumer and other276,968 125 277,093 Total $963,304 $2,663,155 $3,626,459 December 31, 2024Real estate:Commercial$587,825 $2,269,348 $2,857,173 Commercial land and development1,416 2,433 3,849 Commercial construction— 111,318 111,318 Residential construction— 4,561 4,561 Residential4,495 28,279 32,774 Farmland4,873 42,368 47,241 Commercial:Secured48,587 125,208 173,795 Unsecured19,988 7,570 27,558 Consumer and other279,458 126 279,584 Total$946,642 $2,591,211 $3,537,853 

Asset Quality

We manage the quality of our loans based upon trends at the overall loan portfolio level, as well as within each product type. We measure and monitor key factors that include the level and trend of classified, delinquent, non-accrual, and nonperforming assets, collateral coverage, credit scores, and debt service coverage, where applicable. These metrics directly impact our evaluation of the adequacy of our allowance for credit losses.

Our primary objective is to maintain a high level of asset quality in our loan portfolio. We believe our underwriting policies and practices, executed by experienced professionals, appropriately govern the risk profile for our loan portfolio. These policies are continually evaluated and updated as necessary. All loans are assessed and assigned a risk classification at origination based on underlying characteristics of the transaction, such as collateral cash flow, collateral coverage, and borrower strength. We believe