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FS Bancorp, Inc.

For the period ended Mar 31, 2025. Filed May 9, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 9, 2025

FSBW$43.67+0.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

FS Bancorp,** Inc.

Form 10‑Q

Page Number
PART I · FINANCIAL INFORMATION
Item 1. · Financial Statements
Consolidated Balance Sheets at March 31, 2025 (Unaudited) and December 31, 20243
Consolidated Statements of Income for the Three Months Ended March 31, 2025 and 2024 (Unaudited)4
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and 2024 (Unaudited)5
Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2025 and 2024 (Unaudited)6
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (Unaudited)7 - 8
Notes to Consolidated Financial Statements9 - 9
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations47 - 57
Item 3.Quantitative and Qualitative Disclosures About Market Risk57
Item 4.Controls and Procedures58
PART IIOTHER INFORMATION58
Item 1.Legal Proceedings58
Item 1A.Risk Factors58
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds59
Item 3.Defaults Upon Senior Securities59
Item 4.Mine Safety Disclosures59
Item 5.Other Information59
Item 6.Exhibits60
SIGNATURES61

When we refer to “FS Bancorp” in this report, we are referring to FS Bancorp, Inc. When we refer to “Bank” or “1st Security Bank” in this report, we are referring to 1st Security Bank of Washington, the wholly owned subsidiary of FS Bancorp. As used in this report, the terms “we,” “our,” “us,” and “Company” refer to FS Bancorp, Inc. and its consolidated subsidiary, 1st Security Bank of Washington, unless the context indicates otherwise.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.