Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 180

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 180
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 period. The increase was primarily due to an increase in interest income driven by a higher balance of loans with higher yields, partially offset by an increase in interest expense due to larger average deposit balances. Additional detail relating to net interest margin in each period is provided below.

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Average balance sheet, interest, and yield/rate analysis. Table 3 presents average balance sheet information, interest income, interest expense, and the corresponding average yield earned or rate paid for each period reported. The average balances are daily averages and include both performing and nonperforming loans.

Table 3: Average Balances, Interest, and Yield/RateFor the three months endedMarch 31, 2025For the three months endedMarch 31, 2024(dollars in thousands)Average BalanceInterest Income/ExpenseAverage Yield/Rate Average BalanceInterest Income/ExpenseAverage Yield/RateAssetsInterest-earning deposits in banks1$328,571 $3,575 4.41 %$233,002 $3,102 5.35 %Investment securities1,2100,474 581 2.34 %109,177 653 2.41 %Loans held for investment and sale1,33,567,992 52,931 6.02 %3,082,290 43,786 5.71 %Total interest-earning assets13,997,037 57,087 5.79 %3,424,469 47,541 5.58 %Interest receivable and other assets, net493,543 93,983 Total assets$4,090,580 $3,518,452 Liabilities and shareholders’ equityInterest-bearing transaction accounts1$303,822 $1,112 1.48 %$300,325 $1,126 1.51 %Savings accounts1123,599 772 2.53 %124,561 861 2.78 %Money market accounts11,540,879 12,435 3.27 %1,410,264 12,155 3.47 %Time accounts1706,528 7,629 4.38 %429,586 5,369 5.03 %Subordinated notes and other borrowings173,908 1,162 6.37 %82,775 1,286 6.25 %Total interest-bearing