Five Star Bancorp

NASDAQ:FSBCUnited States

(1) See the section entitled "Non-GAAP Reconciliation (Unaudited)" for a reconciliation of this non-GAAP financial measure.
March 31, December 31, March 31, (in thousands) 2024 2023 2023 -------------- -------------- -------------- Balance Sheet Data Cash and due from financial institutions $ 29,750 $ 26,986 $ 26,556 Interest-bearing deposits in banks 155,575 294,590 321,383 Time deposits in banks 5,878 5,858 9,617 Securities - available-for-sale, at fair value 105,006 108,083 115,140 Securities - held-to-maturity, at amortized cost 3,000 3,077 3,514 Loans held for sale 10,243 11,464 11,315 Loans held for investment 3,104,130 3,081,719 2,869,848 Allowance for credit losses - loans (34,653) (34,431) (34,172) --------- --------- --------- Loans held for investment, net of allowance for credit losses 3,069,477 3,047,288 2,835,676 FHLB stock 15,000 15,000 10,890 Operating leases, right-of-use asset 6,932 5,284 5,175 Premises and equipment, net 1,569 1,623 1,677 Bank-owned life insurance 18,872 17,180 16,771 Interest receivable and other assets 55,058 56,692 39,594 --------- --------- --------- Total assets $3,476,360 $3,593,125 $3,397,308 ========= ========= ========= Non-interest-bearing deposits $ 817,388 $ 831,101 $ 836,673 Interest-bearing deposits 2,138,384 2,195,795 2,083,733 --------- --------- --------- Total deposits 2,955,772 3,026,896 2,920,406 Subordinated notes, net 73,786 73,749 73,640 Other borrowings 120,000 170,000 120,000 Operating lease liability 7,320 5,603 5,433 Interest payable and other liabilities 26,902 31,103 17,173 --------- --------- --------- Total liabilities 3,183,780 3,307,351 3,136,652 --------- --------- --------- Common stock 220,804 220,505 219,785 Retained earnings 84,216 77,036 52,817 Accumulated other comprehensive loss, net of taxes (12,440) (11,767) (11,946) --------- --------- --------- Total shareholders' equity 292,580 285,774 260,656 --------- --------- --------- Total liabilities and shareholders' equity $3,476,360 $3,593,125 $3,397,308 ========= ========= ========= Quarterly Average Balance Data Average loans held for investment and sale $3,082,290 $3,055,042 $2,836,070 Average interest-earning assets 3,424,469 3,319,300 3,156,100 Average total assets 3,518,452 3,399,660 3,225,353 Average deposits 3,106,841 3,009,078 2,824,391 Average total equity 288,106 277,295 254,927 Capital Ratios Total shareholders' equity to total assets 8.42% 7.95% 7.67% Tangible shareholders' equity to tangible assets(1) 8.42% 7.95% 7.67% Total capital (to risk-weighted assets) 12.34% 12.30% 12.50% Tier 1 capital (to risk-weighted assets) 9.13% 9.07% 9.02% Common equity Tier 1 capital (to risk-weighted assets) 9.13% 9.07% 9.02% Tier 1 leverage ratio 8.63% 8.73% 8.53%