{"id":843026,"date":"2025-04-28T18:37:07","date_gmt":"2025-04-28T22:37:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/five-star-bancorp-announces-first-quarter-2025-results\/"},"modified":"2025-04-28T18:37:07","modified_gmt":"2025-04-28T22:37:07","slug":"five-star-bancorp-announces-first-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/five-star-bancorp-announces-first-quarter-2025-results\/","title":{"rendered":"Five Star Bancorp Announces First Quarter 2025 Results"},"content":{"rendered":"
\n

RANCHO CORDOVA, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp\u00a0(Nasdaq: FSBC) (\u201cFive Star\u201d or the \u201cCompany\u201d), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the \u201cBank\u201d), today reported net income of $13.1 million for the three months ended March\u00a031, 2025, as compared to $13.3 million for the three months ended December\u00a031, 2024 and $10.6 million for the three months ended March\u00a031, 2024.<\/p>\n

\n
\n First Quarter Highlights<\/u>
\n <\/strong>\n <\/p>\n

Performance and operating highlights for the Company for the periods noted below included the following:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n<\/tr>\n
\n (in thousands, except per share and share data)<\/em>\n <\/td>\n\n March 31,<\/strong>
\n
\n 2025<\/strong>\n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n<\/tr>\n
Return on average assets (\u201cROAA\u201d)<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.22<\/td>\n%<\/td>\n<\/tr>\n
Return on average equity (\u201cROAE\u201d)<\/td>\n\u00a0<\/td>\n13.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.84<\/td>\n%<\/td>\n<\/tr>\n
Pre-tax income<\/td>\n$<\/td>\n18,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,961<\/td>\n\u00a0<\/td>\n<\/tr>\n
Pre-tax, pre-provision income(1)<\/sup><\/td>\n$<\/td>\n20,291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20,667<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,861<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n13,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,631<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per common share<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per common share<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average basic common shares outstanding<\/td>\n\u00a0<\/td>\n21,209,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,182,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,190,867<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average diluted common shares outstanding<\/td>\n\u00a0<\/td>\n21,253,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,235,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,272,994<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shares outstanding at end of period<\/td>\n\u00a0<\/td>\n21,329,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,319,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,353,251<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1)<\/sup> See the section entitled \u201cNon-GAAP Reconciliation (Unaudited)\u201d for a reconciliation of this non-GAAP financial measure.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

James E. Beckwith, President and Chief Executive Officer, commented:<\/p>\n

\n \u201cThe strength of Five Star Bank\u2019s first quarter 2025 financial results is emblematic of a reputation built on an unwavering commitment to customers and community partners who rely on our speed to serve and certainty of execution for their own successes. This differentiated customer experience has created great demand for our services and seized market opportunities in San Francisco. As we continue to grow our presence, we now have 31 San Francisco Bay Area employees. As of March\u00a031, 2025 our San Francisco Bay Area operations had $379.8 million in total deposits.<\/em>\n <\/p>\n

\n At the Company level, total loans held for investment increased by $89.1 million, or 2.52% (10.09% when annualized). Total deposits increased by $178.4 million, or 5.01% (20.05% when annualized), with wholesale deposits increasing by $130.0 million, or 23.21%, and non-wholesale deposits increasing by $48.4 million, or 1.61%. Short-term borrowings remained at zero as of March\u00a031, 2025 and December\u00a031, 2024. Net interest margin increased by nine basis points to 3.45% and our efficiency ratio increased to 42.58%, as compared to 41.21% for the fourth quarter of 2024, while cost of funds decreased nine basis points to 2.56%.<\/em>\n <\/p>\n

\n In the first quarter of 2025, we were pleased to declare another cash dividend of $0.20 per share. We were also pleased to have been ranked third among best-performing banks in the nation by S&P Global Market Intelligence (among banks with assets between $3 billion and $10 billion).<\/em>\n <\/p>\n

\n As we execute on the expansion of industry verticals and our presence in new geographies to meet customer demand, we expect the ongoing acceleration of our growth to benefit our customers, employees, and shareholders. We also expect our demonstrated ability to adapt to changing economic conditions to serve us well into the future as we remain vigilant and focused on disciplined business practices. We thank our employees for their outstanding commitment to ensuring Five Star Bank remains a safe, trusted, and steadfast banking partner.\u201d<\/em>\n <\/p>\n

Financial highlights during the quarter included the following:<\/p>\n

    \n
  • The San Francisco Bay Area team increased from 27 to 31 employees who generated deposit balances totaling $379.8 million at March\u00a031, 2025, an increase of $87.4 million from December\u00a031, 2024.<\/li>\n
  • Cash and cash equivalents were $452.6 million, representing 12.11% of total deposits at March\u00a031, 2025, as compared to 9.90% at December\u00a031, 2024.<\/li>\n
  • Total deposits increased by $178.4\u00a0million, or 5.01%, during the three months ended March\u00a031, 2025, due to increases in both non-wholesale and wholesale deposits, which the Company defines as brokered deposits and California Time Deposit Program deposits. During the three months ended March\u00a031, 2025, non-wholesale deposits increased by $48.4 million, or 1.61%, and wholesale deposits increased by $130.0 million, or 23.21%.<\/li>\n
  • The Company had no short-term borrowings at March\u00a031, 2025 or December\u00a031, 2024.<\/li>\n
  • Consistent, disciplined management of expenses contributed to our efficiency ratio of 42.58% for the three months ended March\u00a031, 2025, as compared to 41.21% for the three months ended December\u00a031, 2024.<\/li>\n
  • For the three months ended March\u00a031, 2025, net interest margin was 3.45%, as compared to 3.36% for the three months ended December\u00a031, 2024 and 3.14% for the three months ended March\u00a031, 2024. The effective Federal Funds rate was 4.33% as of March\u00a031, 2025, remaining constant from December\u00a031, 2024 and decreasing from 5.33% at March\u00a031, 2024.<\/li>\n
  • Other comprehensive income was $0.7 million during the three months ended March\u00a031, 2025. Unrealized losses, net of tax effect, on available-for-sale securities were $11.6 million as of March\u00a031, 2025. Total carrying value of held-to-maturity and available-for-sale securities represented 0.06% and 2.35% of total interest-earning assets, respectively, as of March\u00a031, 2025.<\/li>\n
  • The Company\u2019s common equity Tier 1 capital ratio was 11.00% and 11.02% as of March\u00a031, 2025 and December\u00a031, 2024, respectively. The Bank continues to meet all requirements to be considered \u201cwell-capitalized\u201d under applicable regulatory guidelines.<\/li>\n
  • Loan and deposit growth in the three and twelve months ended March\u00a031, 2025 was as follows:<\/li>\n<\/ul>\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\n (in thousands)<\/em>\n <\/td>\n\n March 31,<\/strong>
    \n
    \n 2025<\/strong>\n <\/td>\n    		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
    \n
    \n 2024<\/strong>\n <\/td>\n    		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
    \u00a0<\/td>\nLoans held for investment<\/td>\n$<\/td>\n3,621,819<\/td>\n\u00a0<\/td>\n$<\/td>\n3,532,686<\/td>\n\u00a0<\/td>\n$<\/td>\n89,133<\/td>\n\u00a0<\/td>\n2.52<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest-bearing deposits<\/td>\n\u00a0<\/td>\n933,652<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n922,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,023<\/td>\n\u00a0<\/td>\n1.19<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\nInterest-bearing deposits<\/td>\n\u00a0<\/td>\n2,802,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,635,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n167,337<\/td>\n\u00a0<\/td>\n6.35<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n (in thousands)<\/em>\n <\/td>\n\n March 31,<\/strong>
    \n
    \n 2025<\/strong>\n <\/td>\n    		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
    \n
    \n 2024<\/strong>\n <\/td>\n    		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
    \u00a0<\/td>\nLoans held for investment<\/td>\n$<\/td>\n3,621,819<\/td>\n\u00a0<\/td>\n$<\/td>\n3,104,130<\/td>\n\u00a0<\/td>\n$<\/td>\n517,689<\/td>\n\u00a0<\/td>\n16.68<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\nNon-interest-bearing deposits<\/td>\n\u00a0<\/td>\n933,652<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n817,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n116,264<\/td>\n\u00a0<\/td>\n14.22<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\nInterest-bearing deposits<\/td>\n\u00a0<\/td>\n2,802,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,138,384<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n664,318<\/td>\n\u00a0<\/td>\n31.07<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n
      \n
    • The ratio of nonperforming loans to loans held for investment at period end remained at 0.05% from December\u00a031, 2024 to March\u00a031, 2025.<\/li>\n
    • The Company\u2019s Board of Directors declared on January\u00a016, 2025, and the Company subsequently paid, a cash dividend of $0.20 per share during the three months ended March\u00a031, 2025. The Company\u2019s Board of Directors subsequently declared another cash dividend of $0.20 per share on April\u00a017, 2025, which the Company expects to pay on May\u00a012, 2025 to shareholders of record as of May\u00a05, 2025.<\/li>\n<\/ul>\n

      \n
      \n Summary Results<\/u>
      \n <\/strong>\n <\/p>\n

      \n Three months ended March\u00a031, 2025, as compared to three months ended December\u00a031, 2024<\/em>\n <\/p>\n

      The Company\u2019s net income was $13.1 million for the three months ended March\u00a031, 2025, as compared to $13.3 million for the three months ended December\u00a031, 2024. Net interest income increased by $0.5 million, primarily due to a decrease in interest expense due to lower average rates on deposits, partially offset by a decrease in interest income driven by lower balances and yields on interest-earning deposits in banks, as compared to the three months ended December\u00a031, 2024. The provision for credit losses increased by $0.6 million, reflecting adjustments to expectations for credit losses based on economic trends and forecasts in the three months ended March\u00a031, 2025 compared to the three months ended December\u00a031, 2024. Non-interest income decreased by $0.3 million, primarily due to a reduction in income received on equity investments in venture-backed funds during the three months ended March\u00a031, 2025, as compared to the three months ended December\u00a031, 2024. Non-interest expense increased by $0.6 million, primarily related to an increase in salaries and employee benefits, partially offset by decreases in advertising, promotional, and other operating expenses during the three months ended March\u00a031, 2025, as compared to the three months ended December\u00a031, 2024.<\/p>\n

      \n Three months ended March\u00a031, 2025, as compared to three months ended March\u00a031, 2024<\/em>\n <\/p>\n

      The Company\u2019s net income was $13.1 million for the three months ended March\u00a031, 2025, as compared to $10.6 million for the three months ended March\u00a031, 2024. Net interest income increased by $7.2 million, primarily due to an increase in interest income driven by a higher balance of loans with higher yields, partially offset by an increase in interest expense due to larger average deposit balances, as compared to the three months ended March\u00a031, 2024. The provision for credit losses increased by $1.0 million, relating to loan growth and adjustments to expectations for credit losses based on economic trends and forecasts during the three months ended March\u00a031, 2025, as compared to the three months ended March\u00a031, 2024. Non-interest income decreased by $0.5 million, primarily due to a reduction in income received on equity investments in venture-backed funds during the three months ended March\u00a031, 2025, as compared to the three months ended March\u00a031, 2024. Non-interest expense increased by $2.3 million during the three months ended March\u00a031, 2025, as compared to the three months ended March\u00a031, 2024, with an increase in salaries and employee benefits related to increased headcount as the leading driver.<\/p>\n

      The following is a summary of the components of the Company\u2019s operating results and performance ratios for the periods indicated:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
      \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      \n (in thousands, except per share data)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
      \n
      \n 2025<\/strong>\n <\/td>\n      		\u00a0<\/td>\n\n December 31,<\/strong>
      \n
      \n 2024<\/strong>\n <\/td>\n      		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
      Selected operating data:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n33,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.46<\/td>\n%<\/td>\n<\/tr>\n
      Provision for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46.15<\/td>\n%<\/td>\n<\/tr>\n
      Non-interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(307<\/td>\n)<\/td>\n\u00a0<\/td>\n(18.43<\/td>\n)%<\/td>\n<\/tr>\n
      Non-interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.84<\/td>\n%<\/td>\n<\/tr>\n
      Pre-tax income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(976<\/td>\n)<\/td>\n\u00a0<\/td>\n(5.04<\/td>\n)%<\/td>\n<\/tr>\n
      Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(770<\/td>\n)<\/td>\n\u00a0<\/td>\n(12.73<\/td>\n)%<\/td>\n<\/tr>\n
      Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n13,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(206<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.55<\/td>\n)%<\/td>\n<\/tr>\n
      Earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.59<\/td>\n)%<\/td>\n<\/tr>\n
      Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.59<\/td>\n)%<\/td>\n<\/tr>\n
      Performance and other financial ratios:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      ROAA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      ROAE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Cost of funds<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.65<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      \n (in thousands, except per share data)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
      \n
      \n 2025<\/strong>\n <\/td>\n      		\u00a0<\/td>\n\n March 31,<\/strong>
      \n
      \n 2024<\/strong>\n <\/td>\n      		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
      Selected operating data:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n33,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n26,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.05<\/td>\n%<\/td>\n<\/tr>\n
      Provision for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111.11<\/td>\n%<\/td>\n<\/tr>\n
      Non-interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(474<\/td>\n)<\/td>\n\u00a0<\/td>\n(25.86<\/td>\n)%<\/td>\n<\/tr>\n
      Non-interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.32<\/td>\n%<\/td>\n<\/tr>\n
      Pre-tax income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.93<\/td>\n%<\/td>\n<\/tr>\n
      Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,330<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n950<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.94<\/td>\n%<\/td>\n<\/tr>\n
      Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n13,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23.33<\/td>\n%<\/td>\n<\/tr>\n
      Earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
      Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
      Performance and other financial ratios:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      ROAA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      ROAE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.84<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Cost of funds<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.62<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.50<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

      \n
      \n Balance Sheet Summary<\/u>
      \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
      \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
      \n
      \n 2025<\/strong>\n <\/td>\n      		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
      \n
      \n 2024<\/strong>\n <\/td>\n      		\u00a0<\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
      Selected financial condition data:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
      Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n4,245,057<\/td>\n\u00a0<\/td>\n$<\/td>\n4,053,278<\/td>\n\u00a0<\/td>\n$<\/td>\n191,779<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.73<\/td>\n%<\/td>\n<\/tr>\n
      Cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n452,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n352,343<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.45<\/td>\n%<\/td>\n<\/tr>\n
      Total loans held for investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,621,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,532,686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.52<\/td>\n%<\/td>\n<\/tr>\n
      Total investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,914<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,218<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.21<\/td>\n)%<\/td>\n<\/tr>\n
      Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,838,606<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,656,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n181,952<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.98<\/td>\n%<\/td>\n<\/tr>\n
      Total deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,736,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,557,994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n178,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.01<\/td>\n%<\/td>\n<\/tr>\n
      Subordinated notes, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n<\/tr>\n
      Total shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n406,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n396,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.48<\/td>\n%<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n
        \n
      • Insured and collateralized deposits were approximately $2.5 billion, representing 67.55% of total deposits as of March\u00a031, 2025, as compared to 66.92% as of December\u00a031, 2024. Net uninsured and uncollateralized deposits were approximately $1.2 billion as of March\u00a031, 2025, remaining constant from December\u00a031, 2024.<\/li>\n
      • Non-wholesale deposit accounts constituted 81.53% of total deposits as of March\u00a031, 2025, as compared to 84.26% at December\u00a031, 2024. Deposit relationships of greater than $5 million represented 60.87% of total deposits, as compared to 61.13% as of December\u00a031, 2024, and had an average age of approximately 8.80 years as of March\u00a031, 2025, as compared to 9.28 years as of December\u00a031, 2024.<\/li>\n
      • Cash and cash equivalents as of March\u00a031, 2025 were $452.6 million, representing 12.11% of total deposits at March\u00a031, 2025, as compared to 9.90% as of December\u00a031, 2024.<\/li>\n
      • Total liquidity (consisting of cash and cash equivalents and unused and immediately available borrowing capacity as set forth below) was approximately $2.0 billion as of March\u00a031, 2025, as compared to $1.9 billion at December\u00a031, 2024.<\/li>\n<\/ul>\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2025<\/strong>\n <\/td>\n<\/tr>\n
        \u00a0<\/td>\n\n (in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\n Line of Credit<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Letters of Credit Issued<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Borrowings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Available<\/strong>\n <\/td>\n<\/tr>\n
        \u00a0<\/td>\nFederal Home Loan Bank of San Francisco (\u201cFHLB\u201d) advances<\/td>\n\u00a0<\/td>\n$<\/td>\n1,276,072<\/td>\n\u00a0<\/td>\n$<\/td>\n731,500<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n$<\/td>\n544,572<\/td>\n<\/tr>\n
        \u00a0<\/td>\nFederal Reserve Discount Window<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n856,366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n856,366<\/td>\n<\/tr>\n
        \u00a0<\/td>\nCorrespondent bank lines of credit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175,000<\/td>\n<\/tr>\n
        \u00a0<\/td>\nCash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n452,571<\/td>\n<\/tr>\n
        \u00a0<\/td>\nTotal<\/td>\n\u00a0<\/td>\n$<\/td>\n2,307,438<\/td>\n\u00a0<\/td>\n$<\/td>\n731,500<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n$<\/td>\n2,028,509<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

        The increase in total assets from December\u00a031, 2024 to March\u00a031, 2025 was primarily due to a $100.2 million\u00a0increase in cash and cash equivalents and an $89.1 million\u00a0increase in total loans held for investment. The $100.2 million increase in cash and cash equivalents primarily resulted from net cash inflows related to financing and operating activities of $174.1 million and $15.5 million, respectively, partially offset by net cash outflows related to investing activities of $89.3 million. The $89.1 million increase in total loans held for investment between December\u00a031, 2024 and March\u00a031, 2025 was a result of $259.3 million in loan originations and advances, partially offset by $65.6 million and $104.6 million in loan payoffs and paydowns, respectively. The $89.1 million increase in total loans held for investment included $19.8 million in purchases of loans within the consumer concentration of the loan portfolio.<\/p>\n

        The increase in total liabilities from December\u00a031, 2024 to March\u00a031, 2025 was primarily due to an increase in interest-bearing deposits of $167.3 million. The increase in interest-bearing deposits was largely due to increases in time and money market deposits of $131.2 million and $52.2 million, respectively.<\/p>\n

        The increase in total shareholders\u2019 equity from December\u00a031, 2024 to March\u00a031, 2025 was primarily a result of net income recognized of $13.1 million and a $0.7 million increase in accumulated other comprehensive income, partially offset by $4.3 million in cash dividends paid during the period.<\/p>\n

        \n
        \n Net Interest Income and Net Interest Margin<\/u>
        \n <\/strong>\n <\/p>\n

        The following is a summary of the components of net interest income for the periods indicated:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Interest and fee income<\/td>\n\u00a0<\/td>\n$<\/td>\n57,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(658<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.14<\/td>\n)%<\/td>\n<\/tr>\n
        Interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,146<\/td>\n)<\/td>\n\u00a0<\/td>\n(4.72<\/td>\n)%<\/td>\n<\/tr>\n
        Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n33,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.46<\/td>\n%<\/td>\n<\/tr>\n
        Net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Interest and fee income<\/td>\n\u00a0<\/td>\n$<\/td>\n57,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,541<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.08<\/td>\n%<\/td>\n<\/tr>\n
        Interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.12<\/td>\n%<\/td>\n<\/tr>\n
        Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n33,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n26,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.05<\/td>\n%<\/td>\n<\/tr>\n
        Net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

        \n
        The following table shows the components of net interest income and net interest margin for the quarterly periods indicated:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n<\/tr>\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31, 2025<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n December 31, 2024<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31, 2024<\/strong>\n <\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\nAverage
        Balance<\/td>\n        		\u00a0<\/td>\nInterest
        Income\/
        Expense<\/td>\n        		\u00a0<\/td>\nYield\/
        Rate<\/td>\n        		\u00a0<\/td>\nAverage
        Balance<\/td>\n        		\u00a0<\/td>\nInterest
        Income\/
        Expense<\/td>\n        		\u00a0<\/td>\nYield\/
        Rate<\/td>\n        		\u00a0<\/td>\nAverage
        Balance<\/td>\n        		\u00a0<\/td>\nInterest
        Income\/
        Expense<\/td>\n        		\u00a0<\/td>\nYield\/
        Rate<\/td>\n<\/tr>\n
        Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest-earning deposits in banks<\/td>\n\u00a0<\/td>\n$<\/td>\n328,571<\/td>\n\u00a0<\/td>\n$<\/td>\n3,575<\/td>\n\u00a0<\/td>\n4.41<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n363,828<\/td>\n\u00a0<\/td>\n$<\/td>\n4,335<\/td>\n\u00a0<\/td>\n4.74<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n233,002<\/td>\n\u00a0<\/td>\n$<\/td>\n3,102<\/td>\n\u00a0<\/td>\n5.35<\/td>\n%<\/td>\n<\/tr>\n
        Investment securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,474<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n581<\/td>\n\u00a0<\/td>\n2.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,930<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n607<\/td>\n\u00a0<\/td>\n2.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,177<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n653<\/td>\n\u00a0<\/td>\n2.41<\/td>\n%<\/td>\n<\/tr>\n
        Loans held for investment and sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,567,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,931<\/td>\n\u00a0<\/td>\n6.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,498,109<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,803<\/td>\n\u00a0<\/td>\n6.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,082,290<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,786<\/td>\n\u00a0<\/td>\n5.71<\/td>\n%<\/td>\n<\/tr>\n
        Total interest-earning assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,997,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,087<\/td>\n\u00a0<\/td>\n5.79<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,965,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,745<\/td>\n\u00a0<\/td>\n5.79<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,424,469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,541<\/td>\n\u00a0<\/td>\n5.58<\/td>\n%<\/td>\n<\/tr>\n
        Interest receivable and other assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,983<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n4,090,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,057,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,518,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Liabilities and shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest-bearing transaction accounts<\/td>\n\u00a0<\/td>\n$<\/td>\n303,822<\/td>\n\u00a0<\/td>\n$<\/td>\n1,112<\/td>\n\u00a0<\/td>\n1.48<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n298,518<\/td>\n\u00a0<\/td>\n$<\/td>\n1,249<\/td>\n\u00a0<\/td>\n1.66<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n300,325<\/td>\n\u00a0<\/td>\n$<\/td>\n1,126<\/td>\n\u00a0<\/td>\n1.51<\/td>\n%<\/td>\n<\/tr>\n
        Savings accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123,599<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n772<\/td>\n\u00a0<\/td>\n2.53<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n887<\/td>\n\u00a0<\/td>\n2.77<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n124,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n861<\/td>\n\u00a0<\/td>\n2.78<\/td>\n%<\/td>\n<\/tr>\n
        Money market accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,540,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,435<\/td>\n\u00a0<\/td>\n3.27<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,596,116<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,520<\/td>\n\u00a0<\/td>\n3.37<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,410,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,155<\/td>\n\u00a0<\/td>\n3.47<\/td>\n%<\/td>\n<\/tr>\n
        Time accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n706,528<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,629<\/td>\n\u00a0<\/td>\n4.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,438<\/td>\n\u00a0<\/td>\n4.79<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n429,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,369<\/td>\n\u00a0<\/td>\n5.03<\/td>\n%<\/td>\n<\/tr>\n
        Subordinated notes and other borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,162<\/td>\n\u00a0<\/td>\n6.37<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,872<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,162<\/td>\n\u00a0<\/td>\n6.25<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,775<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,286<\/td>\n\u00a0<\/td>\n6.25<\/td>\n%<\/td>\n<\/tr>\n
        Total interest-bearing liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,748,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,110<\/td>\n\u00a0<\/td>\n3.41<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,713,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,256<\/td>\n\u00a0<\/td>\n3.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,347,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,797<\/td>\n\u00a0<\/td>\n3.56<\/td>\n%<\/td>\n<\/tr>\n
        Demand accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n910,954<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n921,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n842,105<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest payable and other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,730<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n393,088<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n288,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total liabilities & shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n$<\/td>\n4,090,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,057,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,518,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net interest spread<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.02<\/td>\n%<\/td>\n<\/tr>\n
        Net interest income\/margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,977<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,489<\/td>\n\u00a0<\/td>\n3.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n26,744<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        Net interest income during the three months ended March\u00a031, 2025 increased $0.5 million, or 1.46%, to $34.0 million compared to $33.5 million during the three months ended December\u00a031, 2024. Net interest margin totaled 3.45% for the three months ended March\u00a031, 2025, an increase of nine basis points compared to the prior quarter. The increase in net interest income is primarily attributable to a $1.1 million decrease in interest expense, driven by a 15 basis point decrease in the average rate on interest-bearing deposits compared to the prior quarter. The decrease in interest expense was partially offset by a $0.7 million decrease in interest income, primarily due to a $35.3 million, or 9.69%, decrease in the average balance of interest-earning deposits in banks, combined with a 33 basis point decrease in the average yield on interest-earning deposits in banks.<\/p>\n

        As compared to the three months ended March\u00a031, 2024, net interest income increased $7.2 million, or 27.05%, to $34.0 million from $26.7 million. Net interest margin totaled 3.45% for the three months ended March\u00a031, 2025, an increase of 31 basis points compared to the same quarter of the prior year. The increase in net interest income is primarily attributable to an additional $9.1 million in loan interest income due to a $485.7 million, or 15.76%, increase in the average balance of loans and a 31 basis point improvement in the average yield on loans during the three months ended March\u00a031, 2025 compared to the same quarter of the prior year. The increase in interest income was partially offset by a $2.4 million increase in deposit interest expense compared to the same quarter of the prior year. The increase in deposit interest expense is primarily attributable to a $478.9 million, or 15.42%, increase in the average balance of deposits and a five basis point increase in the average cost of deposits during the three months ended March\u00a031, 2025 compared to the same quarter of the prior year.<\/p>\n

        \n
        \n Loans by Type<\/u>
        \n <\/strong>\n <\/p>\n

        The following table provides loan balances, excluding deferred loan fees, by type as of March\u00a031, 2025:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \n (in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Real estate:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Commercial<\/td>\n\u00a0<\/td>\n$<\/td>\n2,941,201<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Commercial land and development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,556<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Commercial construction<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Residential construction<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,747<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Residential<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,053<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Farmland<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,643<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Commercial:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Secured<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n170,525<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Unsecured<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,970<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Consumer and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n277,093<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net deferred loan fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,971<\/td>\n)<\/td>\n<\/tr>\n
        Total loans held for investment<\/td>\n\u00a0<\/td>\n$<\/td>\n3,621,819<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        \n
        Interest-bearing Deposits<\/u>
        \n <\/strong>\n <\/p>\n

        The following table provides interest-bearing deposit balances by type as of March\u00a031, 2025:<\/p>\n\n\n\n\n\n\n\n
        \n (in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest-bearing transaction accounts<\/td>\n\u00a0<\/td>\n$<\/td>\n295,633<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Money market accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,577,473<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Savings accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n128,210<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Time accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n801,386<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total interest-bearing deposits<\/td>\n\u00a0<\/td>\n$<\/td>\n2,802,702<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        \n
        Asset Quality<\/u>
        \n <\/strong>\n <\/p>\n

        \n Allowance for Credit Losses<\/em>\n <\/p>\n

        At March\u00a031, 2025, the Company\u2019s allowance for credit losses was $39.2 million, as compared to $37.8 million at December\u00a031, 2024. The $1.4 million increase in the allowance is due to a $2.2 million provision for credit losses recorded during the three months ended March\u00a031, 2025, partially offset by net charge-offs mainly attributable to commercial and industrial loans of $0.7 million, during the same period.<\/p>\n

        The Company\u2019s ratio of nonperforming loans to loans held for investment remained at 0.05% from December\u00a031, 2024 to March\u00a031, 2025. Loans designated as watch decreased from $123.4 million to $112.0 million between December\u00a031, 2024 and March\u00a031, 2025. Loans designated as substandard increased from $2.6 million to $3.7 million between December\u00a031, 2024 and March\u00a031, 2025. There were no loans with doubtful risk grades at March\u00a031, 2025 or December\u00a031, 2024.<\/p>\n

        A summary of the allowance for credit losses by loan class is as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31, 2025<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n December 31, 2024<\/strong>\n <\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Amount<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % of Total<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Amount<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % of Total<\/strong>\n <\/td>\n<\/tr>\n
        Real estate:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Commercial<\/td>\n\u00a0<\/td>\n$<\/td>\n27,027<\/td>\n\u00a0<\/td>\n68.91<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n25,864<\/td>\n\u00a0<\/td>\n68.44<\/td>\n%<\/td>\n<\/tr>\n
        Commercial land and development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70<\/td>\n\u00a0<\/td>\n0.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n<\/tr>\n
        Commercial construction<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,227<\/td>\n\u00a0<\/td>\n5.68<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,268<\/td>\n\u00a0<\/td>\n6.00<\/td>\n%<\/td>\n<\/tr>\n
        Residential construction<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n0.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64<\/td>\n\u00a0<\/td>\n0.17<\/td>\n%<\/td>\n<\/tr>\n
        Residential<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n270<\/td>\n\u00a0<\/td>\n0.71<\/td>\n%<\/td>\n<\/tr>\n
        Farmland<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n598<\/td>\n\u00a0<\/td>\n1.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n607<\/td>\n\u00a0<\/td>\n1.61<\/td>\n%<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,279<\/td>\n\u00a0<\/td>\n77.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,151<\/td>\n\u00a0<\/td>\n77.14<\/td>\n%<\/td>\n<\/tr>\n
        Commercial:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Secured<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,905<\/td>\n\u00a0<\/td>\n15.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,866<\/td>\n\u00a0<\/td>\n15.52<\/td>\n%<\/td>\n<\/tr>\n
        Unsecured<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n403<\/td>\n\u00a0<\/td>\n1.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n278<\/td>\n\u00a0<\/td>\n0.74<\/td>\n%<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,308<\/td>\n\u00a0<\/td>\n16.08<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,144<\/td>\n\u00a0<\/td>\n16.26<\/td>\n%<\/td>\n<\/tr>\n
        Consumer and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,637<\/td>\n\u00a0<\/td>\n6.72<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,496<\/td>\n\u00a0<\/td>\n6.60<\/td>\n%<\/td>\n<\/tr>\n
        Total allowance for credit losses<\/td>\n\u00a0<\/td>\n$<\/td>\n39,224<\/td>\n\u00a0<\/td>\n100.00<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n37,791<\/td>\n\u00a0<\/td>\n100.00<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        The ratio of allowance for credit losses to loans held for investment was 1.08% at March\u00a031, 2025, as compared to 1.07% at December\u00a031, 2024.<\/p>\n

        \n
        \n Non-interest Income<\/u>
        \n <\/strong>\n <\/p>\n

        \n The following table presents the key components of non-interest income for the periods indicated:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Service charges on deposit accounts<\/td>\n\u00a0<\/td>\n$<\/td>\n215<\/td>\n\u00a0<\/td>\n$<\/td>\n179<\/td>\n\u00a0<\/td>\n$<\/td>\n36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.11<\/td>\n%<\/td>\n<\/tr>\n
        Gain on sale of loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(25<\/td>\n)<\/td>\n\u00a0<\/td>\n(16.67<\/td>\n)%<\/td>\n<\/tr>\n
        Loan-related fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.00<\/td>\n%<\/td>\n<\/tr>\n
        FHLB stock dividends<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.30<\/td>\n)%<\/td>\n<\/tr>\n
        Earnings on bank-owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21<\/td>\n)<\/td>\n\u00a0<\/td>\n(11.54<\/td>\n)%<\/td>\n<\/tr>\n
        Other income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(344<\/td>\n)<\/td>\n\u00a0<\/td>\n(81.32<\/td>\n)%<\/td>\n<\/tr>\n
        Total non-interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n1,359<\/td>\n\u00a0<\/td>\n$<\/td>\n1,666<\/td>\n\u00a0<\/td>\n$<\/td>\n(307<\/td>\n)<\/td>\n\u00a0<\/td>\n(18.43<\/td>\n)%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        Service charges on deposit accounts. <\/em>The increase resulted primarily from individually immaterial increases in fees earned for services and products to support deposit accounts including, but not limited to, service charges, check order fees, and debit card income.<\/p>\n

        \n Gain on sale of loans. <\/em>The decrease resulted from a decline in the volume and effective yield of loans sold. During the three months ended March\u00a031, 2025, approximately $1.7 million of loans were sold with an effective yield of 7.24%, as compared to approximately $2.0 million of loans sold with an effective yield of 7.60% during the three months ended December\u00a031, 2024.<\/p>\n

        \n Other income. <\/em>The decrease resulted primarily from $0.3 million of income received on equity investments in venture-backed funds during the three months ended December\u00a031, 2024 which did not reoccur during the three months ended March\u00a031, 2025.<\/p>\n

        \n The following table presents the key components of non-interest income for the periods indicated:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Service charges on deposit accounts<\/td>\n\u00a0<\/td>\n$<\/td>\n215<\/td>\n\u00a0<\/td>\n$<\/td>\n188<\/td>\n\u00a0<\/td>\n$<\/td>\n27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.36<\/td>\n%<\/td>\n<\/tr>\n
        Gain on sale of loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(244<\/td>\n)<\/td>\n\u00a0<\/td>\n(66.12<\/td>\n)%<\/td>\n<\/tr>\n
        Loan-related fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n429<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.43<\/td>\n%<\/td>\n<\/tr>\n
        FHLB stock dividends<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.30<\/td>\n)%<\/td>\n<\/tr>\n
        Earnings on bank-owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.38<\/td>\n%<\/td>\n<\/tr>\n
        Other income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n373<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(294<\/td>\n)<\/td>\n\u00a0<\/td>\n(78.82<\/td>\n)%<\/td>\n<\/tr>\n
        Total non-interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n1,359<\/td>\n\u00a0<\/td>\n$<\/td>\n1,833<\/td>\n\u00a0<\/td>\n$<\/td>\n(474<\/td>\n)<\/td>\n\u00a0<\/td>\n(25.86<\/td>\n)%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        Gain on sale of loans. <\/em>The decrease related primarily to an overall decline in the volume of loans sold, partially offset by an improvement in the effective yield of loans sold. During the three months ended March\u00a031, 2025, approximately $1.7 million of loans were sold with an effective yield of 7.24%, as compared to approximately $5.2 million of loans sold with an effective yield of 7.08% during the three months ended March\u00a031, 2024.<\/p>\n

        \n Other income. <\/em>The decrease related primarily to $0.3 million of income received on equity investments in venture-backed funds during the three months ended March\u00a031, 2024, which did not reoccur during the three months ended March\u00a031, 2025.<\/p>\n

        \n
        \n Non-interest Expense<\/u>
        \n <\/strong>\n <\/p>\n

        \n The following table presents the key components of non-interest expense for the periods indicated:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\u00a0<\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Salaries and employee benefits<\/td>\n\u00a0<\/td>\n$<\/td>\n9,134<\/td>\n\u00a0<\/td>\n$<\/td>\n8,360<\/td>\n\u00a0<\/td>\n$<\/td>\n774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.26<\/td>\n%<\/td>\n<\/tr>\n
        Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.85<\/td>\n)%<\/td>\n<\/tr>\n
        Data processing and software<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.43<\/td>\n%<\/td>\n<\/tr>\n
        Federal Deposit Insurance Corporation (\u201cFDIC\u201d) insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n455<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.41<\/td>\n%<\/td>\n<\/tr>\n
        Professional services<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.96<\/td>\n%<\/td>\n<\/tr>\n
        Advertising and promotional<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(230<\/td>\n)<\/td>\n\u00a0<\/td>\n(30.59<\/td>\n)%<\/td>\n<\/tr>\n
        Loan-related expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.62<\/td>\n)%<\/td>\n<\/tr>\n
        Other operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(215<\/td>\n)<\/td>\n\u00a0<\/td>\n(11.79<\/td>\n)%<\/td>\n<\/tr>\n
        Total non-interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n15,045<\/td>\n\u00a0<\/td>\n$<\/td>\n14,488<\/td>\n\u00a0<\/td>\n$<\/td>\n557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.84<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        Salaries and employee benefits.<\/em> The increase related primarily to: (i) a $0.9 million increase in salaries, benefits, and bonus expense; and (ii) a $0.3 million decrease in loan origination costs due to fewer loan originations, net of purchased consumer loans. The increase was partially offset by a $0.5 million decrease in commissions expense due to fewer loan originations, net of purchased consumer loans, period-over-period.<\/p>\n

        \n Professional services.<\/em> The increase was primarily due to $0.1 million in fees paid for compensation consulting services, which did not occur in the three months ended December\u00a031, 2024.<\/p>\n

        \n Advertising and promotional.<\/em> The decrease related primarily to a $0.1 million decrease in expenses related to sponsored events and partnerships and $0.1 million decrease related to business development expenses.<\/p>\n

        \n Other operating expenses.<\/em> The decrease was primarily due to a $0.1 million decrease in director expenses, such as conferences and meetings, combined with individually immaterial decreases in expenses related to operations, including administrative and operational expenses.<\/p>\n

        \n The following table presents the key components of non-interest expense for the periods indicated:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n $ Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
        Salaries and employee benefits<\/td>\n\u00a0<\/td>\n$<\/td>\n9,134<\/td>\n\u00a0<\/td>\n$<\/td>\n7,577<\/td>\n\u00a0<\/td>\n$<\/td>\n1,557<\/td>\n\u00a0<\/td>\n20.55<\/td>\n%<\/td>\n<\/tr>\n
        Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n626<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n\u00a0<\/td>\n1.76<\/td>\n%<\/td>\n<\/tr>\n
        Data processing and software<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,157<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n300<\/td>\n\u00a0<\/td>\n25.93<\/td>\n%<\/td>\n<\/tr>\n
        FDIC insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n455<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55<\/td>\n\u00a0<\/td>\n13.75<\/td>\n%<\/td>\n<\/tr>\n
        Professional services<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n707<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n206<\/td>\n\u00a0<\/td>\n29.14<\/td>\n%<\/td>\n<\/tr>\n
        Advertising and promotional<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62<\/td>\n\u00a0<\/td>\n13.48<\/td>\n%<\/td>\n<\/tr>\n
        Loan-related expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22<\/td>\n\u00a0<\/td>\n7.41<\/td>\n%<\/td>\n<\/tr>\n
        Other operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,492<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n116<\/td>\n\u00a0<\/td>\n7.77<\/td>\n%<\/td>\n<\/tr>\n
        Total non-interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n15,045<\/td>\n\u00a0<\/td>\n$<\/td>\n12,716<\/td>\n\u00a0<\/td>\n$<\/td>\n2,329<\/td>\n\u00a0<\/td>\n18.32<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        Salaries and employee benefits.<\/em> The increase related primarily to: (i) a $1.6 million increase in salaries, benefits, and bonus expense, mainly related to a 13.19% increase in headcount between March\u00a031, 2024 and March\u00a031, 2025; and (ii) a $0.1 million increase in commissions paid. This increase was partially offset by a $0.2 million increase in loan origination costs due to a greater number of loan originations, net of purchased consumer loans, period-over-period.<\/p>\n

        \n Data processing and software.<\/em> The increase was primarily due to: (i) increased usage of our digital banking platform; (ii) higher transaction volumes related to the increased number of loan and deposit accounts; and (iii) an increased number of licenses required for new users on our loan origination and documentation system.<\/p>\n

        \n Professional services. <\/em>The increase was primarily due to $0.1 million in fees paid for compensation consulting services and $0.1 million in consulting services relating to operations in San Francisco, neither of which occurred in the three months ended March\u00a031, 2024.<\/p>\n

        \n Other operating expenses. <\/em>The increase was primarily due to individually immaterial increases in expenses related to operations, including administrative and operational expenses such as travel, subscriptions, and professional association memberships.<\/p>\n

        \n
        \n Provision for Income Taxes<\/u>
        \n <\/strong>\n <\/p>\n

        \n Three months ended March\u00a031, 2025, as compared to three months ended December\u00a031, 2024<\/em>\n <\/p>\n

        Provision for income taxes decreased to $5.3 million for the three months ended March\u00a031, 2025 from $6.1 million for the three months ended December\u00a031, 2024, which was primarily due to: (i) a slight decline in taxable income recognized during the three months ended March\u00a031, 2025; and (ii) a $0.6 million provision to return true-up recorded during the three months ended December\u00a031, 2024 related primarily to the timing of recognition of low income housing tax credits, which did not reoccur during the three months ended March\u00a031, 2025. The effective tax rates were 28.71% and 31.24% for the three months ended March\u00a031, 2025 and December\u00a031, 2024, respectively.<\/p>\n

        \n Three months ended March\u00a031, 2025, as compared to three months ended March\u00a031, 2024<\/em>\n <\/p>\n

        Provision for income taxes increased by $1.0 million, or 21.94%, for the three months ended March\u00a031, 2025 compared to the three months ended March\u00a031, 2024. This increase was primarily driven by an increase in taxable income. The effective tax rates were 28.71% and 28.94% for the three months ended March\u00a031, 2025 and March\u00a031, 2024, respectively.<\/p>\n

        \n
        \n Webcast Details<\/u>
        \n <\/strong>\n <\/p>\n

        Five Star Bancorp will host a live webcast for analysts and investors on Tuesday, April 29, 2025 at 1:00 PM ET (10:00 AM PT) to discuss its first quarter financial results. To view the live webcast, visit the \u201cNews & Events\u201d section of the Company\u2019s website under \u201cEvents\u201d at https:\/\/investors.fivestarbank.com\/news-events\/events. The webcast will be archived on the Company\u2019s website for a period of 90 days.<\/p>\n

        \n
        \n About\u00a0Five Star Bancorp<\/u>
        \n <\/strong>\n <\/p>\n

        Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has eight branches in Northern California.<\/p>\n

        \n
        \n Forward-Looking Statements<\/u>
        \n <\/strong>\n <\/p>\n

        This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company\u2019s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as \u201cmay,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201caim,\u201d \u201cintend,\u201d \u201cplan,\u201d or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company\u2019s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company\u2019s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company\u2019s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company\u2019s forward-looking information and statements proves incorrect, then the Company\u2019s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company\u2019s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company\u2019s Annual Report on Form 10-K for the year ended December\u00a031, 2024 under the section entitled \u201cRisk Factors,\u201d and other documents filed by the Company with the Securities and Exchange Commission from time to time.<\/p>\n

        The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.<\/p>\n

        \n \n <\/p>\n

        \n
        \n Condensed Financial Data (Unaudited)<\/u>
        \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three months ended<\/strong>\n <\/td>\n<\/tr>\n
        \n (in thousands, except per share and share data)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n<\/tr>\n
        \n Revenue and Expense Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest and fee income<\/td>\n\u00a0<\/td>\n$<\/td>\n57,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,541<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,797<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,744<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Provision for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n900<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net interest income after provision<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,189<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,844<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Non-interest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Service charges on deposit accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n179<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n188<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Gain on sale of loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n369<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Loan-related fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n429<\/td>\n\u00a0<\/td>\n<\/tr>\n
        FHLB stock dividends<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n332<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Earnings on bank-owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Other income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n373<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total non-interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,833<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Non-interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Salaries and employee benefits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,577<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Occupancy and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n626<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Data processing and software<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,157<\/td>\n\u00a0<\/td>\n<\/tr>\n
        FDIC insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n455<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Professional services<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n707<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Advertising and promotional<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n460<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Loan-related expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n297<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Other operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,492<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total non-interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,716<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Income before provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,961<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,330<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n13,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,631<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Comprehensive Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n13,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,631<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Net unrealized holding gain (loss) on securities available-for-sale during the period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,747<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(955<\/td>\n)<\/td>\n<\/tr>\n
        Less: Income tax expense (benefit) related to other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n305<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(282<\/td>\n)<\/td>\n<\/tr>\n
        Other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n725<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,639<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(673<\/td>\n)<\/td>\n<\/tr>\n
        Total comprehensive income<\/td>\n\u00a0<\/td>\n$<\/td>\n13,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,958<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Share and Per Share Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Book value per share<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Tangible book value per share(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Weighted average basic common shares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,209,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,182,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,190,867<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Weighted average diluted common shares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,253,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,235,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,272,994<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Shares outstanding at end of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,329,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,319,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,353,251<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Selected Financial Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        ROAA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.22<\/td>\n%<\/td>\n<\/tr>\n
        ROAE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.84<\/td>\n%<\/td>\n<\/tr>\n
        Net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.36<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n<\/tr>\n
        Loan to deposit(2)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105.37<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n (1)<\/sup> See the section entitled \u201cNon-GAAP Reconciliation (Unaudited)\u201d for a reconciliation of this non-GAAP financial measure.
        (<\/sup>2<\/sup>)<\/sup> Loan balance in loan to deposit ratio is total loans held for investment and sale at period end. Deposit balance in loan to deposit ratio is total deposits at period end.<\/sub>\n <\/p>\n

        \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n<\/tr>\n
        \n Balance Sheet Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Cash and due from financial institutions<\/td>\n\u00a0<\/td>\n$<\/td>\n42,473<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,882<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,750<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest-bearing deposits in banks<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n410,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n318,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n155,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Time deposits in banks<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,121<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,878<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Securities – available-for-sale, at fair value<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,006<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Securities – held-to-maturity, at amortized cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,585<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Loans held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,669<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,247<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,243<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Loans held for investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,621,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,532,686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,104,130<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Allowance for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(39,224<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(37,791<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(34,653<\/td>\n)<\/td>\n<\/tr>\n
        Loans held for investment, net of allowance for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,582,595<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,494,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,069,477<\/td>\n\u00a0<\/td>\n<\/tr>\n
        FHLB stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Operating leases, right-of-use asset<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,944<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,245<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,932<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Premises and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,569<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Bank-owned life insurance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,246<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,872<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest receivable and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,788<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,554<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,058<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n4,245,057<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,053,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,476,360<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Non-interest-bearing deposits<\/td>\n\u00a0<\/td>\n$<\/td>\n933,652<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n922,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n817,388<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest-bearing deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,802,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,635,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,138,384<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,736,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,557,994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,955,772<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Subordinated notes, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,786<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Other borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n120,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Operating lease liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,857<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,320<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Interest payable and other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,729<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,902<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,838,606<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,656,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,183,780<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Common stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n302,788<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n302,531<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n220,804<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Retained earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,309<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,216<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Accumulated other comprehensive loss, net of taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,646<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,371<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,440<\/td>\n)<\/td>\n<\/tr>\n
        Total shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n406,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n396,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n292,580<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total liabilities and shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n$<\/td>\n4,245,057<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,053,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,476,360<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Quarterly Average Balance Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Average loans held for investment and sale<\/td>\n\u00a0<\/td>\n$<\/td>\n3,567,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,498,109<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,082,290<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Average interest-earning assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,997,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,965,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,424,469<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Average total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,090,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,057,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,518,452<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Average deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,585,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,561,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,106,841<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Average total equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n393,088<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n288,106<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Credit Quality<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Allowance for credit losses to nonperforming loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,222.32<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,101.78<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,806.73<\/td>\n%<\/td>\n<\/tr>\n
        Nonperforming loans to loans held for investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n<\/tr>\n
        Nonperforming assets to total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n<\/tr>\n
        Nonperforming loans plus performing loan modifications to loans held for investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n<\/tr>\n
        \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        \n Capital Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Total shareholders\u2019 equity to total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.57<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.79<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.42<\/td>\n%<\/td>\n<\/tr>\n
        Tangible shareholders\u2019 equity to tangible assets(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.57<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.79<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.42<\/td>\n%<\/td>\n<\/tr>\n
        Total capital (to risk-weighted assets)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.97<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.99<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.34<\/td>\n%<\/td>\n<\/tr>\n
        Tier 1 capital (to risk-weighted assets)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.13<\/td>\n%<\/td>\n<\/tr>\n
        Common equity Tier 1 capital (to risk-weighted assets)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.00<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.13<\/td>\n%<\/td>\n<\/tr>\n
        Tier 1 leverage ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.17<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.05<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.63<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n (1)<\/sup> See the section entitled \u201cNon-GAAP Reconciliation (Unaudited)\u201d for a reconciliation of this non-GAAP financial measure.<\/sub>\n <\/p>\n

        \n \n <\/p>\n

        \n
        \n Non-GAAP Reconciliation (Unaudited)<\/u>
        \n <\/strong>\n <\/p>\n

        The Company uses financial information in its analysis of the Company\u2019s performance that is not in conformity with accounting principles generally accepted in the United States of America (\u201cGAAP\u201d). The Company believes that these non-GAAP financial measures provide useful information to management and investors that is supplementary to the Company\u2019s financial condition, results of operations, and cash flows computed in accordance with GAAP. However, the Company acknowledges that its non-GAAP financial measures have a number of limitations. As such, investors should not view these disclosures as a substitute for results determined in accordance with GAAP. Additionally, these non-GAAP measures are not necessarily comparable to non-GAAP financial measures that other banking companies use. Other banking companies may use names similar to those the Company uses for the non-GAAP financial measures the Company discloses, but may calculate them differently. Investors should understand how the Company and other companies each calculate their non-GAAP financial measures when making comparisons.<\/p>\n

        Tangible shareholders\u2019 equity to tangible assets is defined as total equity less goodwill and other intangible assets, divided by total assets less goodwill and other intangible assets. The most directly comparable GAAP financial measure is total shareholders\u2019 equity to total assets. Management believes that tangible shareholders\u2019 equity to tangible assets is a useful financial measure because it enables management, investors, and others to assess the Company\u2019s financial health based on tangible capital. We had no goodwill or other intangible assets at the end of any period indicated. As a result, tangible shareholders\u2019 equity to tangible assets is the same as total shareholders\u2019 equity to total assets at the end of each of the periods indicated.<\/p>\n

        Tangible book value per share is defined as total shareholders\u2019 equity less goodwill and other intangible assets, divided by the outstanding number of common shares at the end of the period. The most directly comparable GAAP financial measure is book value per share. Management believes that tangible book value per share is a useful financial measure because it enables management, investors, and others to assess the Company\u2019s value and use of equity. We had no goodwill or other intangible assets at the end of any period indicated. As a result, tangible book value per share is the same as book value per share at the end of each of the periods indicated.<\/p>\n

        Pre-tax, pre-provision income is defined as pre-tax income plus provision for credit losses. The most directly comparable GAAP financial measure is pre-tax income. Management believes that pre-tax, pre-provision income is a useful financial measure because it enables management, investors, and others to assess the Company\u2019s ability to generate operating profit and capital.<\/p>\n

        The following reconciliation table provides a more detailed analysis of this non-GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n
        \u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n<\/tr>\n
        \n (in thousands)<\/em>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2025<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n December 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n        		\n \u00a0<\/strong>\n <\/td>\n\n March 31,<\/strong>
        \n
        \n 2024<\/strong>\n <\/td>\n<\/tr>\n
        \n Pre-tax, pre-provision income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
        Pre-tax income<\/td>\n\u00a0<\/td>\n$<\/td>\n18,391<\/td>\n\u00a0<\/td>\n$<\/td>\n19,367<\/td>\n\u00a0<\/td>\n$<\/td>\n14,961<\/td>\n<\/tr>\n
        Add: provision for credit losses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n900<\/td>\n<\/tr>\n
        Pre-tax, pre-provision income<\/td>\n\u00a0<\/td>\n$<\/td>\n20,291<\/td>\n\u00a0<\/td>\n$<\/td>\n20,667<\/td>\n\u00a0<\/td>\n$<\/td>\n15,861<\/td>\n<\/tr>\n<\/table>\n

        \n
        \n
        \n <\/strong>\n <\/p>\n

        \n Investor Contact:<\/strong>
        \n
        Heather C. Luck, Chief Financial Officer
        Five Star Bancorp
        (916) 626-5008
        hluck@fivestarbank.com<\/p>\n

        \n Media Contact:<\/strong>
        \n
        Shelley R. Wetton, Chief Marketing Officer
        Five Star Bancorp
        (916) 284-7827
        swetton@fivestarbank.com<\/p>\n

        \"\"
        \n
        \n \"\"\n <\/div>\n

        <\/div>\n","protected":false},"excerpt":{"rendered":"

        RANCHO CORDOVA, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp\u00a0(Nasdaq: FSBC) (\u201cFive Star\u201d or the \u201cCompany\u201d), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the \u201cBank\u201d), today reported net income of $13.1 million for the three months ended March\u00a031, 2025, as compared to $13.3 million for the three months ended December\u00a031, 2024 and $10.6 million for the three months ended March\u00a031, 2024. First Quarter Highlights Performance and operating highlights for the Company for the periods noted below included the following: \u00a0 Three months ended (in thousands, except per share and share data) March 31, 2025 \u00a0 December 31, 2024 \u00a0 March 31, 2024 Return on average assets (\u201cROAA\u201d) \u00a0 1.30 % \u00a0 … <\/p>\n

        Continue reading “Five Star Bancorp Announces First Quarter 2025 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-843026","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFive Star Bancorp Announces First Quarter 2025 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/five-star-bancorp-announces-first-quarter-2025-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Star Bancorp Announces First Quarter 2025 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RANCHO CORDOVA, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp\u00a0(Nasdaq: FSBC) (\u201cFive Star\u201d or the \u201cCompany\u201d), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the \u201cBank\u201d), today reported net income of $13.1 million for the three months ended March\u00a031, 2025, as compared to $13.3 million for the three months ended December\u00a031, 2024 and $10.6 million for the three months ended March\u00a031, 2024. First Quarter Highlights Performance and operating highlights for the Company for the periods noted below included the following: \u00a0 Three months ended (in thousands, except per share and share data) March 31, 2025 \u00a0 December 31, 2024 \u00a0 March 31, 2024 Return on average assets (\u201cROAA\u201d) \u00a0 1.30 % \u00a0 … Continue reading "Five Star Bancorp Announces First Quarter 2025 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/five-star-bancorp-announces-first-quarter-2025-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-28T22:37:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0MDIzMyM2OTA3NzEwIzIyMDY4MDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"24 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Five Star Bancorp Announces First Quarter 2025 Results\",\"datePublished\":\"2025-04-28T22:37:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/\"},\"wordCount\":4867,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ0MDIzMyM2OTA3NzEwIzIyMDY4MDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-star-bancorp-announces-first-quarter-2025-results\\\/\",\"name\":\"Five Star Bancorp Announces First Quarter 2025 Results - 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