Five Star Bancorp 10-Q Filing

Ticker: FSBC · Form: 10-Q · Filed: Aug 7, 2025 · CIK: 1275168

Five Star Bancorp 10-Q Filing Summary
FieldDetail
CompanyFive Star Bancorp (FSBC)
Form Type10-Q
Filed DateAug 7, 2025
Pages15
Reading Time18 min
Key Dollar Amounts$1.235 billion, $1.0 billion, $0.7 b
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Five Star Bancorp (ticker: FSBC) to the SEC on Aug 7, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $1.235 billion (rs: (i) total annual gross revenues are $1.235 billion or more; (ii) the Company issues more t); $1.0 billion (more; (ii) the Company issues more than $1.0 billion in non-convertible debt; or (iii) the C); $0.7 b (filer with a public float of more than $0.7 billion, as measured at June 30 annually.).

How long is this filing?

Five Star Bancorp's 10-Q filing is 15 pages with approximately 4,624 words. Estimated reading time is 18 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,624 words · 18 min read · ~15 pages · Grade level 18.6 · Accepted 2025-08-07 14:59:19

Key Financial Figures

  • $1.235 billion — rs: (i) total annual gross revenues are $1.235 billion or more; (ii) the Company issues more t
  • $1.0 billion — more; (ii) the Company issues more than $1.0 billion in non-convertible debt; or (iii) the C
  • $0.7 b — filer with a public float of more than $0.7 billion, as measured at June 30 annually.

Filing Documents

Financial Statements (unaudited)

Financial Statements (unaudited) 1 Consolidated Balance Sheets 1 Consolidated Statements of Income 2 Consolidated Statements of Comprehensive Income 3 Consolidated Statements of Shareholders' Equity 4 Consolidated Statements of Cash Flows 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 ITEM 3. Quantitative and Qualitative Disclosure About Market Risk 65 ITEM 4.

Controls and Procedures

Controls and Procedures 66 PART II OTHER INFORMATION 67 ITEM 1.

Legal Proceedings

Legal Proceedings 67 ITEM 1A.

Risk Factors

Risk Factors 67 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 67 ITEM 3. Defaults Upon Senior Securities 67 ITEM 4. Mine Safety Disclosures 67 ITEM 5. Other Information 67 ITEM 6. Exhibits 68

SIGNATURES

SIGNATURES 69 Table of Contents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements FIVE STAR BANCORP AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except share amounts) June 30, 2025 December 31, 2024 ASSETS Cash and due from financial institutions $ 53,724 $ 33,882 Interest-bearing deposits in banks 430,086 318,461 Cash and cash equivalents 483,810 352,343 Time deposits in banks 849 4,121 Securities available-for-sale, at fair value, net of allowance for credit losses of $ 0 at June 30, 2025 and December 31, 2024 (amortized cost of $ 111,332 and $ 115,757 at June 30, 2025 and December 31, 2024, respectively) 94,990 98,194 Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $ 20 at June 30, 2025 and December 31, 2024 (fair value of $ 2,270 and $ 2,353 at June 30, 2025 and December 31, 2024, respectively) 2,585 2,720 Loans held for sale 309 3,247 Loans held for investment 3,758,025 3,532,686 Allowance for credit losses ( 40,167 ) ( 37,791 ) Loans held for investment, net of allowance for credit losses 3,717,858 3,494,895 FHLB stock 15,000 15,000 Operating leases, right-of-use asset, net 7,094 6,245 Premises and equipment, net 1,606 1,584 Bank-owned life insurance 23,466 19,375 Interest receivable and other assets 65,906 55,554 Total assets $ 4,413,473 $ 4,053,278 LIABILITIES AND SHAREHOLDERS' EQUITY Deposits: Non-interest-bearing $ 1,004,061 $ 922,629 Interest-bearing 2,890,561 2,635,365 Total deposits 3,894,622 3,557,994 Borrowings: Subordinated notes, net 73,968 73,895 Other borrowings — — Operating lease liability 7,744 6,857 Interest payable and other liabilities 20,397 17,908 Total liabilities 3,996,731 3,656,654 Commitments and contingencies (Note 8) Shareholders' equity: Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at June 30, 2025 and December 31, 2024 — — Common stock, no par value; 100,000,000 shares authorized; 21,360,991 shares issued and outstanding at June 30, 2

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1: Basis of Presentation and Summary of Significant Accounting Policies (a) Organization Five Star Bank (the "Bank") was chartered on October 26, 1999 and began operations on December 20, 1999. Five Star Bancorp ("Bancorp" or the "Company") was incorporated on September 16, 2002 and subsequently obtained approval from the Federal Reserve to become a bank holding company in connection with its acquisition of the Bank. The Company became the sole shareholder of the Bank on June 2, 2003 in a statutory merger, pursuant to which each outstanding share of the Bank's common stock was exchanged for one share of common stock of the Company. The Company, through the Bank, provides financial services to customers who are predominately small and middle-market businesses, professionals, and individuals residing in the Northern California region. The Company's primary loan products are commercial real estate loans, land development loans, construction loans, and operating lines of credit, and its primary deposit products are checking accounts, savings accounts, money market accounts, and term certificate accounts. The Bank currently has eight branch offices in Roseville, Natomas, Rancho Cordova, Redding, Elk Grove, Chico, Yuba City, and San Francisco. (b) Basis of Financial Statement Presentation and Consolidation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") as contained within the Financial Accounting Standards Board's ("FASB") ASC and the rules and regulations of the SEC, including the instructions to Regulation S-X. These interim unaudited consolidated financial statements reflect all adjustments (consisting solely of normal recurring adjustments and accruals) which, in the opinion of management, are necessary for a fair presentation of financial position, results of operations

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