FS Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
FSBW$43.55-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
DECEMBER 31, 2025 AND 2024
(Dollars in thousands, except share data)
| December 31, | ||
|---|---|---|
| ASSETS | 2025 | 2024 |
| Cash and due from banks | $13,504 | $19,280 |
| Interest-bearing deposits at other financial institutions | 14,715 | 12,355 |
| Total cash and cash equivalents | 28,219 | 31,635 |
| Certificates of deposit at other financial institutions | — | 1,727 |
| Securities available-for-sale, at fair value (amortized cost of $310,097 and $310,272, net of allowance for credit losses of $0 and $0, respectively) | 288,667 | 281,175 |
| Securities held-to-maturity, at amortized cost (fair value of $34,396 and $8,144, net of allowance for credit losses of $277 and $45, respectively) | 33,224 | 8,455 |
| Loans held for sale, at fair value | 43,705 | 27,835 |
| Loans receivable, net of allowance for credit losses of $31,937 and $31,870 (includes loans of $13,183 and $12,728, at fair value, respectively) | 2,623,172 | 2,501,951 |
| Accrued interest receivable | 14,614 | 13,881 |
| Premises and equipment, net | 44,065 | 29,756 |
| Long-lived assets held for sale | 3,258 | — |
| Operating lease right-of-use (“ROU”) assets | 5,789 | 5,378 |
| Federal Home Loan Bank (“FHLB”) stock, at cost | 7,971 | 15,621 |
| Deferred tax asset, net | 6,993 | 7,059 |
| Bank owned life insurance (“BOLI”), net | 36,249 | 38,528 |
| Mortgage servicing rights (“MSRs”), held at the lower of cost or fair value | 8,608 | 9,204 |
| Goodwill | 3,592 | 3,592 |
| Core deposit intangible, net | 10,518 | 13,710 |
| Other assets | 38,203 | 39,670 |
| TOTAL ASSETS | $3,196,847 | $3,029,177 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing accounts | $658,123 | $638,158 |
| Interest-bearing accounts | 2,015,519 | 1,701,260 |
| Total deposits | 2,673,642 | 2,339,418 |
| Borrowings | 129,305 | 307,806 |
| Subordinated notes: | ||
| Principal amount | 50,000 | 50,000 |
| Unamortized debt issuance costs | (339) | (406) |
| Total subordinated notes less unamortized debt issuance costs | 49,661 | 49,594 |
| Operating lease liabilities | 5,889 | 5,556 |
| Other liabilities | 30,656 | 31,036 |
| Total liabilities | 2,889,153 | 2,733,410 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, $.01 par value; 45,000,000 shares authorized; 7,507,519 and 7,833,014 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 75 | 78 |
| Additional paid-in capital | 43,251 | 55,716 |
| Retained earnings | 280,197 | 257,113 |
| Accumulated other comprehensive loss, net of tax | (15,829) | (17,140) |
| Total stockholders’ equity | 307,694 | 295,767 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,196,847 | $3,029,177 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.