Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 230

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 230
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565 Allowance for credit losses to loans held for investment1.08 %1.09 %1.08 %1.09 %

The ratio of the allowance for credit losses to loans held for investment decreased from 1.09% as of September 30, 2024 to 1.08% as of September 30, 2025. Net charge-offs as a percent of average loans held for investment remained at 0.02% for the three months ended September 30, 2024 and September 30, 2025. Net charge-offs as a percent of average loans held for investment decreased from 0.09% for the nine months ended September 30, 2024 to 0.08% for the nine months ended September 30, 2025.

55

Liabilities

During the first nine months of 2025, total liabilities increased by $553.8 million from $3.7 billion as of December 31, 2024 to $4.2 billion as of September 30, 2025. This increase was primarily due to an increase in interest-bearing deposits of $409.0 million and an increase in non-interest-bearing deposits of $136.5 million. The increase in interest-bearing deposits was largely due to an increase in money market deposits of $446.9 million.

Deposits

Representing 97.46% of our total liabilities as of September 30, 2025, deposits are our primary source of funding for our business operations.

Total deposits increased by $545.4 million, or 15.33%, to $4.1 billion at September 30, 2025 from $3.6 billion at December 31, 2024. The increase was due to increases in non-wholesale deposits exceeding decreases in wholesale deposits. The Company defines wholesale deposits as brokered deposits and California Time Deposit Program deposits. Non-interest-bearing deposits increased by $136.5 million from December 31, 2024 to $1.1 billion at September 30, 2025, representing 25.81% of total deposits at that date, as compared to 25.93% of total deposits at December 31, 2024. Our loan to deposit ratio was 94.73% at September 30, 2025, as compared to 99.38% at December 31, 2024. We intend to continue