Company: FSBC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001275168-25-000038
Chunk: 135

Company: FIVE STAR BANCORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 135
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 least annually for proper classification in conjunction with our review of property and borrower financial information. All loans are reevaluated for proper risk grading as new information such as payment patterns, collateral condition, and other relevant information comes to our attention.

The banking industry defines loans graded substandard or doubtful as “classified” loans. Table 14 shows loans by credit quality risk rating as of the periods indicated.

Table 14: Gross Loans Held for Investment by Credit Quality Risk Rating(dollars in thousands)PassWatchSubstandardDoubtfulTotalDecember 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 December 31, 2023Real estate:Commercial$2,658,504 $25,023 $1,892 $— $2,685,419 Commercial land and development15,551 — — — 15,551 Commercial construction62,863 — — — 62,863 Residential construction15,456 — — — 15,456 Residential25,893 — — — 25,893 Farmland51,669 — — — 51,669 Commercial:Secured150,451 14,586 72 — 165,109 Unsecured23,850 — — — 23,850 Consumer and other38,139 15 12 — 38,166 Total $3,042,376 $39,624 $1,976 $— $3,083,