Financial Performance - Net income for the second quarter was $15.1 million, a decrease of 14.5% compared to the previous quarter, primarily due to credit loss expense[8, 33] - Preprovision net revenues increased by 3.7%, or $1 million, driven by a 3.7% increase in net interest income and a 4.5% increase in noninterest income[9] - Net interest margin was 3.07%, up from 3.02% in the first quarter[8, 24] - Noninterest expense increased by 4% to $36.3 million, mainly due to a $1.1 million increase in salaries and benefits[43] Loan and Deposit Portfolio - Loan receivables reached $6.31 billion, a slight increase of 0.4% from the end of the first quarter[9] - Deposits totaled $6.73 billion, up 1.7% from the previous quarter, with noninterest-bearing deposits accounting for 31.3% of total deposits[9, 19] - Loan production for the second quarter was $329.6 million, with a weighted average interest rate of 7.10%[9] - The securities portfolio was $994.6 million, representing 13% of assets, with an unrealized loss position of $76.5 million[71] Asset Quality and Capital - Criticized loans decreased significantly by 71.8% to 0.74% of total loans, reflecting $85.3 million in loan upgrades, a $20 million loan payment, and an $8.6 million loan charge-off[9] - Nonaccrual loans fell by 26.8% to 0.41% of total loans, and loan delinquencies declined to 0.17% of total loans[9] - The ratio of tangible common equity to tangible assets was 9.58%, and the common equity tier 1 capital ratio was 12.12%, remaining essentially unchanged from the first quarter[9]

Company Overview - Five Star Bancorp's asset size reached $4245 million as of March 31, 2025 [20] - Loans held for investment (HFI) totaled $3600 million [20] - Total deposits amounted to $3700 million [20] Financial Highlights - Loans held for investment increased by $891 million since December 31, 2024 [29] - Non-wholesale deposits increased by $484 million since December 31, 2024 [29] - Non-interest-bearing deposits comprised 2499% of total deposits [29] - Insured and collateralized deposits represented 6755% of total deposits [29] - Cash and cash equivalents were $4526 million, representing 1211% of total deposits [29] Loan Portfolio - Commercial real estate loans accounted for 8111% of the loan portfolio [36] - Manufactured home community loans within CRE totaled $918864 thousand, representing 3124% of CRE loans [37] - RV Park loans within CRE totaled $378525 thousand, representing 1287% of CRE loans [37] Financial Performance - Net income for the three months ended March 31, 2025, was $13111 thousand [77] - Return on average assets (ROAA) was 130% [77] - Net interest margin was 345% [77]