Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 64

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 billion at December 31, 2024. The increase was attributable to growth in both non-wholesale and wholesale deposits, which the Company defines as brokered deposits and California Time Deposit Program deposits. Non-interest-bearing deposits increased by $11.0 million from December 31, 2024 to $933.7 million at March 31, 2025, representing 24.99% of total deposits at that date, as compared to 25.93% of total deposits at December 31, 2024. Our loan to deposit ratio was 97.01% at March 31, 2025, as compared to 99.38% at December 31, 2024. We intend to continue to operate our business with close monitoring of the loan to deposit ratio.

49

Table 18 summarizes our deposit composition by average deposit balances and average rates paid for the periods indicated.

Table 18: Deposit Composition by Average Balances and Rates PaidFor the three months ended March 31, 2025March 31, 2024(dollars in thousands)Average AmountAverage Rate Paid% of Total DepositsAverage AmountAverage Rate Paid% of Total DepositsInterest-bearing transaction accounts$303,822 1.48 %8.47 %$300,325 1.51 %9.67 %Money market and savings accounts1,664,478 3.22 %46.43 %1,534,825 3.41 %49.40 %Time accounts706,528 4.38 %19.70 %429,586 5.03 %13.83 %Demand accounts910,954 — %25.40 %842,105 — %27.10 %Total deposits$3,585,782 2.48 %100.00 %$3,106,841 2.53 %100.00 %

Uninsured and uncollateralized deposits totaled approximately $1.2 billion at March 31, 2025 and December 31, 2024.

As of March 31, 2025, our 42 largest deposit relationships, each accounting for more than $10.0 million, totaled $1.8 billion, or 49.31% of our total deposits. The average age on deposit relationships of more than $5.0 million was approximately 8.80 years as of March