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 Statements of Income for the years ended and
| (in thousands, except per share amounts) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest and fee income: | |||
| Loans, including fees | $193,341 | $162,713 | $111,795 |
| Taxable securities | 1,830 | 1,876 | 1,714 |
| Nontaxable securities | 700 | 724 | 713 |
| Interest-bearing deposits in banks | 11,080 | 9,069 | 3,696 |
| Total interest and fee income | 206,951 | 174,382 | 117,918 |
| Interest expense: | |||
| Deposits | 82,398 | 57,861 | 10,923 |
| Subordinated notes | 4,646 | 4,646 | 3,740 |
| Other borrowings | 196 | 995 | 185 |
| Total interest expense | 87,240 | 63,502 | 14,848 |
| Net interest income | 119,711 | 110,880 | 103,070 |
| Provision for credit losses | 6,950 | 4,000 | 6,700 |
| Net interest income after provision for credit losses | 112,761 | 106,880 | 96,370 |
| Non-interest income: | |||
| Service charges on deposit accounts | 721 | 575 | 467 |
| Net gain (loss) on sale of securities | — | (167) | 5 |
| Gain on sale of loans | 1,274 | 1,952 | 2,934 |
| Loan-related fees | 1,605 | 1,719 | 2,207 |
| FHLB stock dividends | 1,320 | 970 | 546 |
| Earnings on BOLI | 644 | 510 | 412 |
| Other | 889 | 1,952 | 586 |
| Total non-interest income | 6,453 | 7,511 | 7,157 |
| Non-interest expense: | |||
| Salaries and employee benefits | 31,709 | 27,097 | 22,571 |
| Occupancy and equipment | 2,547 | 2,218 | 2,059 |
| Data processing and software | 5,088 | 4,015 | 3,091 |
| FDIC insurance | 1,635 | 1,557 | 850 |
| Professional services | 3,078 | 2,575 | 2,467 |
| Advertising and promotional | 2,411 | 2,403 | 1,908 |
| Loan-related expenses | 1,207 | 1,192 | 1,287 |
| Other operating expenses | 6,818 | 6,718 | 6,436 |
| Total non-interest expense | 54,493 | 47,775 | 40,669 |
| Income before provision for income taxes | 64,721 | 66,616 | 62,858 |
| Provision for income taxes | 19,050 | 18,882 | 18,057 |
| Net income | $45,671 | $47,734 | $44,801 |
| Basic earnings per common share | $2.26 | $2.78 | $2.61 |
| Diluted earnings per common share | $2.26 | $2.78 | $2.61 |
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