Five Star Bancorp 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________ to ________Commission File Number 001-40379 FIVE STAR BANCORP (Exact name of Registrant as specified in its charter) 75-3100966 California (State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 3100 Zinfandel Drive, Suite 100 Rancho Cordova, CA 95670 (Address of principal executive office) (Zip Code)Registrant’s telephone number, including area code:(916) 626-5000Securities registered pursuant to 12(b) of the Act:Title of each classTrading symbolName of each exchange on which registeredCommon stock, no par value per shareFSBCThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreportingcompany,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo As of May1, 2026, there were 21,376,153 shares of the registrant’s common stock, no par value, outstanding. TABLE OF CONTENTS FIVE STAR BANCORP AND SUBSIDIARYQuarterly Report on Form 10-QMarch31, 2026 PART IFINANCIAL INFORMATION 1ITEM 1.Financial Statements (unaudited)1Consolidated Balance Sheets1Consolidated Statements of Income2Consolidated Statements of Comprehensive Income3Consolidated Statements of Shareholders’ Equity4Consolidated Statements of Cash Flows5Notes to Consolidated Financial Statements7ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30ITEM 3.Quantitative and Qualitative Disclosure About Market Risk62ITEM 4.Controls and Procedures63PART IIOTHER INFORMATION64ITEM 1.Legal Proceedings64ITEM 1A.Risk Factors64ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds64ITEM 3.Defaults Upon Senior Securities64ITEM 4.Mine Safety Disclosures64ITEM 5.Other Information64ITEM 6.Exhibits65SIGNATURES66 Glossary of Acronyms, Abbreviations, and Terms The terms identified below are used in various sections of this Form 10-Q, including the section entitled “Management’s Discussionand Analysis of Financial Condition and Results of Operations” in Item 2 and the unaudited Consolidated Financial Statements andNotes to the Financial Statements in Item 1 of this Form 10-Q. PART I FINANCIAL INFORMATION FIVE STAR BANCORP AND SUBSIDIARYCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) FIVE STAR BANCORP AND SUBSIDIARYCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITYFor the Three Months Ended March 31, 2026 and 2025(Unaudited) Income taxes are presented by significant jurisdictions beginning in 2026 as required by ASU No. 2023-09,Income Taxes (Topic 740)- Improvements to Income Tax Disclosures(“ASU 2023-09”). This standard has been applied on a prospective basis.1 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1: Basis of Presentation and Summary of Significant Accounting Policies (a) Organization Five Star Bank (the “Bank”) was chartered on October 26, 1999 and began operations on December 20, 1999. Five Star Bancorp(“Bancorp” or the “Company”) was incorporated on September 16, 2002 and subsequently obtained approval from the Board ofGovernors of the Federal Reserve System (the “Federal Reserve”) to become a bank holding company in connection with itsacquisition of the Bank. The Company became the sole shareholder of the Bank on June 2, 2003 in a statutory merger, pursuant towhich each outstanding share of the Bank’s common stock was e