Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 120

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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7.2: Unvested Restricted Share ActivityFor the three months ended March 31,20252024Shares  Weighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair ValueBeginning of the period balance120,577 $21.36 69,338 $20.53 Shares granted10,485 30.89 96,380 21.97 Shares vested(18,943)22.33 (3,252)28.51 Shares forfeited(333)21.97 (118)20.00 End of the period balance111,786 $22.08 162,348 $21.22 

Note 8: Commitments and Contingencies

Financial Instruments with Off-Balance Sheet RiskSome financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Substantially all of these commitments are at variable interest rates, based on an index, and have fixed expiration dates.Off-balance sheet risk to loan loss exists up to the face amount of these instruments, although material losses are not anticipated. The Company uses the same credit policies in making commitments to originate loans and lines of credit as it does for on-balance sheet instruments, including obtaining collateral at exercise of the commitment. The contractual 

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amounts of unfunded loan commitments and standby letters of credit not reflected in the unaudited consolidated balance sheets at the dates indicated are presented in Table 8.1.Table 8.1: Unfunded Loan Commitments and Standby Letters of Credit(in thousands)March 31, 2025December 31, 2024Commercial lines of credit$215,712 $230,063 Undisbursed commercial real estate loans96,558 98,508 Undisbursed construction loans42,813 74,671 Agricultural lines of credit26,371 21,155 Undisbursed residential real estate loans6,164 7,225 Undisbursed agricultural real estate loans135 — Other1,780 1,973 Total commitments and standby letters of credit$389,533 $433,595 The Company records an allowance for credit losses on unfunded loan