Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 127

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 127
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 subdivisions277 6.00 %935 6.00 %1,365 6.00 %500 6.00 %3,077 6.00 %Total$277 6.00 %$3,880 2.81 %$10,154 3.07 %$96,849 2.10 %$111,160 2.22 %

Weighted average yield for securities available-for-sale is the projected yield to maturity given current cash flow projections for U.S. government agency securities, mortgage-backed securities, and collateralized mortgage obligations. For callable municipal securities and corporate bonds, weighted average yield is a yield to worst. Weighted average yield for securities held-to-maturity is the stated coupon of the bond.

55

Loan Portfolio

Our loan portfolio is our largest class of interest-earning assets and typically provides higher yields than other types of interest-earning assets. Associated with the higher yields is an inherent amount of credit risk, which we attempt to mitigate with strong underwriting standards. As of December 31, 2024 and 2023, our total loans amounted to $3.5 billion and $3.1 billion, respectively. Table 9 presents the balance and associated percentage of each major product type within our portfolio as of the dates indicated.

Table 9: Loans OutstandingAs of(dollars in thousands)December 31, 2024December 31, 2023Amount% of LoansAmount% of LoansLoans held for investment:Real estate:Commercial$2,857,173 80.75 %$2,685,419 86.76 %Commercial land and development3,849 0.11 %15,551 0.50 %Commercial construction111,318 3.15 %62,863 2.03 %Residential construction4,561 0.13 %15,456 0.50 %Residential32,774 0.93 %25,893 0.84 %Farmland47,241 1.34 %51,669 1.67 %Commercial:Secured170,548 4.82 %165,109 5.33 %Unsecured27,558 0.78 %23,850 0.77 %Consumer and other279,584 7.90 %38,166 1.23