FIVE STAR BANCORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
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, 2024 and 2023
| (in thousands, except share amounts) | 2024 | 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from financial institutions | $33,882 | $26,986 |
| Interest-bearing deposits in banks | 318,461 | 294,590 |
| Cash and cash equivalents | 352,343 | 321,576 |
| Time deposits in banks | 4,121 | 5,858 |
| Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at December 31, 2024 and 2023 (amortized cost of $115,757 and $124,788 at December 31, 2024 and 2023, respectively) | 98,194 | 108,083 |
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at December 31, 2024 and 2023 (fair value of $2,353 and $2,913 at December 31, 2024 and 2023, respectively) | 2,720 | 3,077 |
| Loans held for sale | 3,247 | 11,464 |
| Loans held for investment | 3,532,686 | 3,081,719 |
| Allowance for credit losses | (37,791) | (34,431) |
| Loans held for investment, net of allowance for credit losses | 3,494,895 | 3,047,288 |
| FHLB stock | 15,000 | 15,000 |
| Operating leases, right-of-use asset, net | 6,245 | 5,284 |
| Premises and equipment, net | 1,584 | 1,623 |
| Bank-owned life insurance | 19,375 | 17,180 |
| Interest receivable and other assets | 55,554 | 56,692 |
| Total assets | $4,053,278 | $3,593,125 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Non-interest-bearing | $922,629 | $831,101 |
| Interest-bearing | 2,635,365 | 2,195,795 |
| Total deposits | 3,557,994 | 3,026,896 |
| Borrowings: | ||
| Subordinated notes, net | 73,895 | 73,749 |
| Other borrowings | — | 170,000 |
| Operating lease liability | 6,857 | 5,603 |
| Interest payable and other liabilities | 17,908 | 31,103 |
| Total liabilities | 3,656,654 | 3,307,351 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity: | ||
| Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at December 31, 2024 and 2023 | — | — |
| Common stock, no par value; 100,000,000 shares authorized; 21,319,083 shares issued and outstanding at December 31, 2024; 17,256,989 shares issued and outstanding at December 31, 2023 | 302,531 | 220,505 |
| Retained earnings | 106,464 | 77,036 |
| Accumulated other comprehensive loss, net of taxes | (12,371) | (11,767) |
| Total shareholders’ equity | 396,624 | 285,774 |
| Total liabilities and shareholders’ equity | $4,053,278 | $3,593,125 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.