Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 0

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
ITEM 1. Financial Statements

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share amounts)June 30, 2025December 31, 2024ASSETSCash and due from financial institutions$53,724 $33,882 Interest-bearing deposits in banks430,086 318,461 Cash and cash equivalents483,810 352,343 Time deposits in banks849 4,121 Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024 (amortized cost of $111,332 and $115,757 at June 30, 2025 and December 31, 2024, respectively)94,990 98,194 Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at June 30, 2025 and December 31, 2024 (fair value of $2,270 and $2,353 at June 30, 2025 and December 31, 2024, respectively)2,585 2,720 Loans held for sale309 3,247 Loans held for investment3,758,025 3,532,686 Allowance for credit losses(40,167)(37,791)Loans held for investment, net of allowance for credit losses 3,717,858 3,494,895 FHLB stock15,000 15,000 Operating leases, right-of-use asset, net7,094 6,245 Premises and equipment, net1,606 1,584 Bank-owned life insurance23,466 19,375 Interest receivable and other assets65,906 55,554 Total assets$4,413,473 $4,053,278 LIABILITIES AND SHAREHOLDERS’ EQUITYDeposits:Non-interest-bearing$1,004,061 $922,629 Interest-bearing2,890,561 2,635,365 Total deposits3,894,622 3,557,994 Borrowings:Subordinated notes, net73,968 73,895 Other borrowings— — Operating lease liability7,744 6,857 Interest payable and other liabilities