43.67
+0.28%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About FS Bancorp
From its filings with the US Securities and Exchange Commission
FS Bancorp is based in Mountlake Terrace, Washington and is incorporated in Washington. Its shares trade on Nasdaq under the ticker FSBW. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 31 December 2023, it reported revenue of $4.6m.
FS Bancorp, a Washington corporation, was organized in September 2011 for the purpose of becoming the holding company of 1st Security Bank upon the Bank’s conversion from a mutual to a stock savings bank (“Conversion”). The Conversion was completed on July 9, 2012. At December 31, 2025, the Company had consolidated total assets of $3.2 billion, total loans receivable, net of $2.62 billion, total deposits of $2.67 billion, and total stockholders’ equity of $307.7 million. The Company has not engaged in significant activities other than holding the stock of the Bank and providing capital to it through the debt and equity markets. Accordingly, the information set forth in this Form 10–K, including the consolidated financial statements and related data, relates primarily to the Bank.
1st Security Bank is a relationship-focused community bank dedicated to serving local families, regional businesses, and industry niches primarily within distinct Puget Sound and Pacific Northwest communities. The Bank prioritizes long-term relationships, working closely with customers to meet their financial needs while actively participating in community activities and events to further strengthen these connections.
Quoted from its 10-K, filed 13 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 6 Oct 2011
- Employees
- 581
- Website
- investorrelations.fsbwa.com ↗
- Head office
- 6920 220TH STREET SW, MOUNTLAKE TERRACE, WA, 98043
- Incorporated in
- WA
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Ted LeechIndependent Chairman of the Board$137,904
- Mr. Matthew MulletPresident, Treasurer, Company Secretary$1.1m
- Mr. Joseph AdamsChief Executive Officer, Director, since 2005$1.6m
- Mr. Phillip WhittingtonChief Financial Officer
- Ms. Shana AllenExecutive Vice President, Chief Information Officer of the Bank$668,393
- Ms. Erin BurrExecutive Vice President , Chief Risk Officer, CRA Officer of the Bank
- Mr. Donn CostaExecutive Vice President - Home Lending Production Of the Bank$550,807
- Mr. Benjamin CrowlExecutive Vice President, Chief Lending Officer the Bank$597,385
- Ms. Vickie JarmanExecutive Vice President , Chief Human Resources Officer, WOW Officer of the Bank
- Mr. Sean MccormickExecutive Vice President, Chief Credit Administration Officer of the Bank
- Mr. Robert NesbittExecutive Vice President, Chief Credit Operations Officer of the Bank
- Ms. Kelli NielsenExecutive Vice President - Retail Banking and Marketing of the Bank$553,537
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 44
- Environment
- 17
- Social
- 53
- Governance
- 61
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong market position: FS Bancorp Inc holds a prominent position in the banking industry, enabling it to leverage its brand and attract a large customer base.
- Diverse product portfolio: The company offers a wide range of banking products and services, including loans, savings accounts, investment options, and insurance, catering to the diverse needs of customers.
- Robust financial performance: FS Bancorp Inc has consistently demonstrated strong financial results, with steady revenue growth and solid profitability. This stability instills confidence in investors and stakeholders.
Weaknesses
- Limited geographic presence: The company primarily operates in a specific region, which poses a risk of vulnerability to local economic fluctuations and potential missed expansion opportunities in other markets.
- Dependence on interest rates: FS Bancorp Inc's revenue is significantly influenced by interest rates, leaving it exposed to market volatility and potential impact on interest rate spreads.
- Reliance on traditional banking methods: With the rise of digital banking and fintech companies, FS Bancorp Inc may face challenges in adapting and attracting tech-savvy customers who prefer convenient online banking solutions.
Opportunities
- Strategic acquisitions: FS Bancorp Inc can explore potential acquisition opportunities to expand its geographic reach or diversify its product offerings, strengthening its competitive position in the market.
- Embracing digital transformation: Investing in technology and enhancing online banking platforms can help FS Bancorp Inc attract a wider customer base, improve operational efficiency, and provide innovative financial services.
- Growing demand for sustainable finance: The increasing emphasis on sustainability presents an opportunity for FS Bancorp Inc to develop and promote environmentally responsible financial products, meeting the rising demand for green investments.
Threats
- Intense competition: The banking industry is highly competitive, with both traditional financial institutions and fintech startups vying for market share. FS Bancorp Inc may face threats from aggressive pricing, innovative competitors, and potential customer attrition.
- Economic downturns: Adverse economic conditions, such as recessions or financial crises, can negatively impact FS Bancorp Inc's profitability, loan quality, and overall financial performance.
- Regulatory challenges: The banking sector is subject to stringent regulations, which can impose additional compliance costs and limit certain business activities. Any changes in regulations could impact FS Bancorp Inc's operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.