Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 65

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 31, 2025. As of December 31, 2024, our 49 largest deposit relationships, each accounting for more than $10.0 million, totaled $1.8 billion, or 50.35% of our total deposits.

Table 19 shows the entity types making up our large deposit relationships at the dates indicated. 

Table 19: Composition of Large Deposit Relationships(dollars in thousands)March 31, 2025December 31, 2024Municipalities$695,040 $674,094 Non-profits263,295 211,480 Businesses484,058 605,894 Brokered deposits399,947 299,961 Total$1,842,340 $1,791,429 

Our largest single deposit relationship at March 31, 2025 related to brokered deposits. The balance for this customer was $400.0 million, or approximately 10.71% of total deposits as of that date. At December 31, 2024, our largest single deposit relationship related to brokered deposits and had a balance of $300.0 million, or 8.43% of total deposits as of that date. As our demand deposits fluctuate, we have purchased brokered deposits as needed to supplement liquidity. We do not consider brokered deposits as core deposits, but as another deposit funding source for our loan growth.

Table 20 sets forth the maturity of time deposits as of March 31, 2025.

Table 20: Scheduled Maturities of Time Deposits(dollars in thousands)$250,000 or GreaterLess than $250,000TotalUninsured PortionRemaining maturity:Three months or less$254,351 $316,505 $570,856 $248,653 Over three through six months80,518 103,604 184,122 76,268 Over six through twelve months37,956 4,296 42,252 32,956 Over twelve months3,412 744 4,156 1,662 Total$376,237 $425,149 $801,386 $359,539 

50

FHLB Advances and Other Borrowings

From time to time, we utilize short-term collateralized FHLB borrowings to maintain adequate liquidity. There were no borrowings outstanding as of March 31, 2025 and December 31, 2024