Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 145

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 145
---
 communities, self-storage, hospitality, etc.). All loan sectors were within our established limits as of March 31, 2025. Additionally, our loans are geographically concentrated with borrowers and collateralized properties primarily in California.

We believe that our past success is attributable to focusing on products and markets where we have significant expertise. Given our concentrations, we have established strong risk management practices, including risk-based lending standards, self-established product and geographical limits, annual evaluations of income property loans, and semi-annual top-down and bottom-up stress testing. We expect to continue growing our loan portfolio. We do not expect our product or geographic concentrations to materially change.

Table 12 sets forth the contractual maturities of our loan portfolio as of the dates indicated. 

Table 12: Contractual Maturities - Gross Loans(dollars in thousands)Due in 1 year or lessDue after 1 year through 5 yearsDue after 5 years through 15 yearsDue after 15 yearsTotalMarch 31, 2025Real estate:Commercial$33,352 $402,919 $2,423,349 $81,581 $2,941,201 Commercial land and development2,257 377 922 — 3,556 Commercial construction6,377 83,321 23,304 — 113,002 Residential construction3,746 2,001 — — 5,747 Residential3,527 7,559 22,061 906 34,053 Farmland241 10,509 32,893 — 43,643 Commercial:Secured43,899 49,664 79,224 407 173,194 Unsecured3,535 12,639 18,796 — 34,970 Consumer and other236 14,656 262,201 — 277,093 Total $97,170 $583,645 $2,862,750 $82,894 $3,626,459 December 31, 2024Real estate:Commercial$35,682 $362,077 $2,383,655 $75,759 $2,857,173 Commercial land and development2,433 438 978 — 3,849 Commercial construction9,378 64,407 37,533 — 111,318 Residential construction3,310