Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 0

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. Financial Statements

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share amounts)September 30, 2025December 31, 2024ASSETSCash and due from financial institutions$44,147 $33,882 Interest-bearing deposits in banks536,300 318,461 Cash and cash equivalents580,447 352,343 Time deposits in banks100 4,121 Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at September 30, 2025 and December 31, 2024 (amortized cost of $109,135 and $115,757 at September 30, 2025 and December 31, 2024, respectively)95,635 98,194 Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at September 30, 2025 and December 31, 2024 (fair value of $1,996 and $2,353 at September 30, 2025 and December 31, 2024, respectively)2,190 2,720 Loans held for sale— 3,247 Loans held for investment3,887,259 3,532,686 Allowance for credit losses(42,061)(37,791)Loans held for investment, net of allowance for credit losses 3,845,198 3,494,895 FHLB stock15,000 15,000 Operating leases, right-of-use asset, net9,751 6,245 Premises and equipment, net1,656 1,584 Bank-owned life insurance23,676 19,375 Interest receivable and other assets68,117 55,554 Total assets$4,641,770 $4,053,278 LIABILITIES AND SHAREHOLDERS’ EQUITYDeposits:Non-interest-bearing$1,059,082 $922,629 Interest-bearing3,044,356 2,635,365 Total deposits4,103,438 3,557,994 Borrowings:Subordinated notes, net74,004 73,895 Other borrowings— — Operating lease liability10,431 6,857 Interest payable and other liabilities