FIVE STAR BANCORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
FSBC$44.20-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of and
December 31, 2023 and 2022
(in thousands, except share amounts)
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Cash and due from financial institutions | $26,986 | $32,561 |
| Interest-bearing deposits in banks | 294,590 | 227,430 |
| Cash and cash equivalents | 321,576 | 259,991 |
| Time deposits in banks | 5,858 | 9,849 |
| Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at December 31, 2023 and 2022 (amortized cost of $124,788 and $135,087 at December 31, 2023 and 2022, respectively) | 108,083 | 115,988 |
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at December 31, 2023 and $0 at December 31, 2022 (fair value of $2,913 and $3,432 at December 31, 2023 and 2022, respectively) | 3,077 | 3,756 |
| Loans held for sale | 11,464 | 9,416 |
| Loans held for investment | 3,081,719 | 2,791,326 |
| Allowance for credit losses - loans | (34,431) | (28,389) |
| Loans held for investment, net of allowance for credit losses | 3,047,288 | 2,762,937 |
| FHLB stock | 15,000 | 10,890 |
| Operating leases, right-of-use asset, net | 5,284 | 3,981 |
| Premises and equipment, net | 1,623 | 1,605 |
| Bank-owned life insurance | 17,180 | 14,669 |
| Interest receivable and other assets | 56,692 | 34,077 |
| Total assets | $3,593,125 | $3,227,159 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Non-interest-bearing | $831,101 | $971,246 |
| Interest-bearing | 2,195,795 | 1,810,758 |
| Total deposits | 3,026,896 | 2,782,004 |
| Borrowings: | ||
| FHLB advances | 170,000 | 100,000 |
| Subordinated notes, net | 73,749 | 73,606 |
| Operating lease liability | 5,603 | 4,243 |
| Interest payable and other liabilities | 31,103 | 14,481 |
| Total liabilities | 3,307,351 | 2,974,334 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity | ||
| Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Common stock, no par value; 100,000,000 shares authorized; 17,256,989 shares issued and outstanding at December 31, 2023; 17,241,926 shares issued and outstanding at December 31, 2022 | 220,505 | 219,543 |
| Retained earnings | 77,036 | 46,736 |
| Accumulated other comprehensive loss, net | (11,767) | (13,454) |
| Total shareholders’ equity | 285,774 | 252,825 |
| Total liabilities and shareholders’ equity | $3,593,125 | $3,227,159 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.