FIVE STAR BANCORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 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 Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net income | $10,631 | $13,161 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 900 | 900 |
| Depreciation and amortization | 472 | 419 |
| Amortization of deferred loan fees and costs | (127) | (36) |
| Amortization of premiums and discounts on securities | 246 | 313 |
| Amortization of subordinated note issuance costs | 36 | 34 |
| Stock compensation expense | 299 | 242 |
| Earnings on BOLI | (142) | (102) |
| Deferred tax provision | 6 | 62 |
| Loans originated for sale | (15,453) | (24,006) |
| Gain on sale of loans | (369) | (598) |
| Gross proceeds from sale of loans | 5,580 | 13,289 |
| Gain on partial sale of equity investment | 300 | — |
| Net changes in: | ||
| Interest receivable and other assets | 2,050 | (4,331) |
| Interest payable and other liabilities | (3,941) | 1,580 |
| Operating lease liability | (241) | (233) |
| Net cash provided by operating activities | 247 | 694 |
| Cash flows from investing activities: | ||
| Maturities, prepayments, and calls of securities available-for-sale | 1,953 | 2,899 |
| Capital call for equity investment | (1,000) | — |
| Proceeds received from equity investment | 300 | — |
| Net change in time deposits in banks | (20) | 232 |
| Loan originations, net of repayments | (11,498) | (69,450) |
| Purchase of premises and equipment | (108) | (240) |
| Purchase of BOLI | (1,550) | (2,000) |
| Net cash used in investing activities | (11,923) | (68,559) |
| Cash flows from financing activities: | ||
| Net change in deposits | (71,124) | 138,402 |
| (Payments) advances on other borrowings | (50,000) | 20,000 |
| Cash dividends paid | (3,451) | (2,589) |
| Net cash (used in) provided by financing activities | (124,575) | 155,813 |
| Net change in cash and cash equivalents | (136,251) | 87,948 |
| Cash and cash equivalents at beginning of period | 321,576 | 259,991 |
| Cash and cash equivalents at end of period | $185,325 | $347,939 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $22,568 | $471 |
| Income taxes paid | 144 | — |
| Supplemental disclosure of noncash items: | ||
| Transfer from loans held for sale to loans held for investment | 11,464 | 9,416 |
| Unrealized (loss) gain on securities | (955) | 2,140 |
| Operating lease liabilities exchanged for ROUA | 1,958 | 1,423 |
| ROUA acquired | (1,958) | (1,444) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.