FS Bancorp, Inc.

FS Bancorp, Inc. is the bank holding company for 1st Security Bank of Washington, providing banking and financial services primarily to local families, local and regional businesses, and industry niches in Washington. The company operates in two segments: Commercial and Consumer Banking, and Home Lending. Its products include checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. On the lending side, it offers one-to-four-family residential first mortgages, home equity loans, commercial business loans, commercial real estate loans, construction and development loans, and consumer loans such as personal lines of credit, credit cards, automobile loans, and recreational loans. The company also provides online banking platforms, mobile banking apps, telephone banking, and cash management services.

FS Bancorp, Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol FSBW. Its financials are reported in US Dollars (USD), reflecting its operations in the United States. The exchange listing provides liquidity and visibility for investors interested in the regional banking sector.

FS Bancorp operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank that focuses on serving local communities and businesses, as opposed to large national or global banks. Its activities are centered around traditional banking services such as taking deposits and making loans, with a particular emphasis on the Washington state market.

FS Bancorp is headquartered in Mountlake Terrace, Washington, and was founded in 1936. It serves the greater Puget Sound area through full-service bank branches and home loan production offices in suburban communities across Snohomish, King, Pierce, Kitsap, Clallam, Jefferson, Grays Harbor, Thurston, and Benton counties in Washington. Additionally, its loan portfolio includes properties in Oregon, and it has a loan production office in the Tri-Cities market area. This geographic focus allows the bank to maintain strong relationships with local families and businesses.

FS Bancorp generates revenue primarily through its two business segments: Commercial and Consumer Banking, and Home Lending. The Commercial and Consumer Banking segment earns income from interest on loans (such as commercial business loans, commercial real estate loans, and consumer loans) and fees from deposit accounts and services. The Home Lending segment focuses on originating and servicing one-to-four-family residential mortgages and home equity loans. The bank also earns non-interest income from online banking, mobile banking, telephone banking, and cash management services. By catering to local families, businesses, and industry niches in Washington and Oregon, FS Bancorp relies on net interest margin and fee-based income to drive profitability.