Company: FSBC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038796
Chunk: 72

Company: FIVE STAR BANCORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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 — 112,399 Residential construction5,479 — — — 5,479 Residential33,132 — — — 33,132 Farmland50,985 594 — — 51,579 Commercial:Secured160,987 12,831 37 — 173,855 Unsecured37,568 — — — 37,568 Consumer and other278,208 — 7 — 278,215 Total $3,649,602 $106,460 $4,214 $— $3,760,276 December 31, 2024Real estate:Commercial$2,746,594 $107,992 $2,587 $— $2,857,173 Commercial land and development3,849 — — — 3,849 Commercial construction111,318 — — — 111,318 Residential construction4,561 — — — 4,561 Residential32,774 — — — 32,774 Farmland45,948 1,293 — — 47,241 Commercial:Secured156,381 14,119 48 — 170,548 Unsecured27,558 — — — 27,558 Consumer and other279,575 — 9 — 279,584 Total $3,408,558 $123,404 $2,644 $— $3,534,606 

Loans designated as watch and substandard, which are not considered adversely classified, decreased to $110.7 million at June 30, 2025 from $126.0 million at December 31, 2024. There were no loans with doubtful risk grades at June 30, 2025 or December 31, 2024.

Allowance for Credit Losses

The allowance for credit losses is established through a provision for credit losses charged to operations. Provisions are charged against the allowance for credit losses when management believes that the collectability of the principal is unlikely. Subsequent recoveries of previously charged-off amounts, if any, are credited to the allowance for credit losses.

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The allowance for credit losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans