FS Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
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Rate/Volume Analysis
The following table presents the dollar amount of changes in interest income and interest expense for major components of interest-earning assets and interest-bearing liabilities for the periods indicated. It distinguishes between the changes related to outstanding balances and that due to the changes in interest rates. For each category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to (i) changes in volume (i.e., changes in volume multiplied by old rate) and (ii) changes in rate (i.e., changes in rate multiplied by old volume). For purposes of this table, changes attributable to both rate and volume, which cannot be segregated, have been allocated proportionately to the change due to volume and the change due to rate.
| Year Ended December 31, 2025 vs. 2024 · Year Ended December 31, 2024 vs. 2023 | ||||||
|---|---|---|---|---|---|---|
| Increase (Decrease) Due to · Total Increase · Increase (Decrease) Due to · Total Increase | ||||||
| (Dollars in thousands) | Volume | Rate | (Decrease) | Volume | Rate | (Decrease) |
| Interest-earning assets: | ||||||
| Loans receivable, net and loans held for sale (1) | $7,765 | $3,259 | $11,024 | $8,250 | $7,662 | $15,912 |
| Taxable Investment securities | 2,980 | (253) | 2,727 | 862 | 1,884 | 2,746 |
| Tax-exempt investment securities | (269) | (87) | (356) | (767) | (8) | (775) |
| FHLB stock | 183 | 46 | 229 | 147 | 266 | 413 |
| Interest-bearing deposits at other financial institutions | (1,140) | (76) | (1,216) | (705) | 54 | (651) |
| Total interest-earning assets | $9,519 | $2,889 | $12,408 | $7,787 | $9,858 | $17,645 |
| Interest-bearing liabilities: | ||||||
| Savings and money market | $128 | $634 | $762 | $(976) | $3,098 | $2,122 |
| Interest-bearing checking | 477 | 806 | 1,283 | (177) | 112 | (65) |
| Certificates of deposit | 3,344 | (884) | 2,460 | 5,339 | 9,016 | 14,355 |
| Borrowings | 683 | (80) | 603 | 2,053 | (622) | 1,431 |
| Subordinated note | 3 | (3) | — | 3 | (3) | — |
| Total interest-bearing liabilities | $4,635 | $473 | $5,108 | $6,242 | $11,601 | $17,843 |
| Net change in net interest income | $7,300 | $(198) | ||||
| (1) | The average loans receivable, net balances include nonaccrual loans. |
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