Fs bancorp, inc. (FSBW)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
ASSETS
Cash and due from banks

12,928

13,175

15,979

15,214

9,126

9,408

4,389

3,429

3,532

3,043

3,299

3,975

3,879

3,590

3,445

5,263

5,491

1,708

1,272

2,114

2,436

10,799

1,995

2,049

1,972

1,425

2,017

2,296

1,354

4,003

2,441

3,085

3,277

2,356

Interest-bearing deposits at other financial institutions

35,993

32,603

46,915

44,380

53,948

23,371

10,813

18,548

22,108

15,872

27,996

13,827

42,176

32,866

13,068

9,629

80,355

22,747

4,160

11,688

13,966

4,756

7,696

7,106

31,336

39,660

25,323

14,117

7,552

5,410

9,736

30,151

13,082

16,897

Total cash and cash equivalents

48,921

45,778

62,894

59,594

63,074

32,779

15,202

21,977

25,640

18,915

31,295

17,802

46,055

36,456

16,513

14,892

85,846

24,455

5,432

-

-

15,555

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit at other financial institutions

17,926

20,902

24,296

24,297

22,073

22,074

17,362

17,611

17,611

18,108

18,108

18,109

17,613

15,248

14,009

14,010

12,420

12,421

11,181

-

-

4,543

-

-

-

-

-

-

-

-

-

-

-

-

Total cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,177

33,236

16,359

-

Securities available-for-sale, at fair value

156,466

126,057

106,038

96,252

99,783

97,205

97,374

98,465

91,371

82,480

78,103

78,932

107,241

81,875

80,762

97,728

80,458

55,217

53,679

50,414

44,547

48,744

49,443

58,363

72,092

56,239

47,131

44,186

43,158

43,313

38,794

37,864

31,866

26,899

Loans held for sale, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,925

-

-

-

25,983

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale, at fair value

115,632

69,699

80,619

66,508

45,591

51,195

54,784

55,191

51,315

53,463

65,055

57,256

40,008

52,553

77,129

63,696

64,784

-

53,335

41,039

34,968

-

20,254

-

-

-

-

-

-

-

-

-

-

-

Loans receivable, net

1,393,070

1,336,346

1,311,288

-

-

1,312,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,231

15,975

11,592

11,185

8,389

13,146

20,160

8,870

-

-

-

0

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,511

4,094

1,399

-

Loans receivable, net

-

-

-

1,282,119

1,283,923

-

947,572

881,200

805,632

761,558

753,854

709,102

617,843

593,317

592,800

550,104

520,165

502,535

482,592

432,265

416,070

387,174

354,574

325,495

288,526

281,081

283,794

280,411

276,501

274,949

259,157

245,202

232,479

217,131

Accrued interest receivable

6,326

5,908

5,723

5,779

5,812

5,761

4,453

4,071

3,693

3,566

3,217

2,903

2,756

2,524

2,557

2,420

2,354

2,107

2,057

1,772

1,813

1,558

1,525

1,366

1,430

1,261

1,333

1,292

1,328

1,223

1,283

1,129

-

1,020

Premises and equipment, net

28,655

28,770

29,066

29,517

29,318

29,110

16,527

16,273

15,798

15,458

15,463

15,550

15,842

16,012

15,071

14,786

14,703

13,856

13,734

13,953

13,444

13,584

13,747

13,763

13,764

13,818

13,705

13,525

13,024

12,663

12,448

11,154

9,957

9,852

Operating lease right-of-use ("ROU") assets

4,692

5,016

4,713

4,582

4,849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank ("FHLB") stock, at cost

10,921

8,045

7,995

8,329

8,157

9,887

7,131

7,742

4,308

2,871

3,047

3,909

3,101

2,719

2,004

1,600

1,320

4,551

2,972

1,412

1,942

1,650

1,853

1,670

1,686

1,702

1,717

1,733

1,749

1,765

1,781

1,797

1,797

1,797

Other Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

320

-

-

-

-

0

0

36

535

2,075

2,259

1,805

1,956

2,127

-

-

-

4,589

Other real estate owned ("OREO")

90

168

178

254

167

689

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,321

2,950

2,789

-

Deferred tax asset, net

-

-

-

-

-

-

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

181

816

752

1,349

1,472

1,927

2,688

-

-

0

Bank owned life insurance ("BOLI"), net

35,572

35,356

35,136

34,917

34,700

34,485

13,586

13,498

13,410

10,328

10,262

10,194

10,123

10,054

9,983

9,911

9,841

9,772

9,701

6,650

6,602

6,556

6,508

6,460

6,414

6,369

6,038

-

-

0

-

-

-

-

Servicing rights, held at the lower of cost or fair value

10,626

11,560

11,193

10,849

10,611

10,429

9,190

8,352

7,515

6,795

5,811

4,899

8,939

8,459

7,654

6,751

6,104

5,811

5,226

4,569

3,670

3,061

-

-

-

2,093

-

-

-

-

-

-

-

-

Goodwill

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,312

2,412

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Core deposit intangible, net

5,281

5,457

5,647

5,837

6,027

6,217

1,087

1,164

1,240

1,317

1,417

-

-

1,717

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Core Deposit Intangibles

-

-

-

-

-

-

-

-

-

-

-

1,517

1,617

-

1,857

1,997

2,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

10,678

11,682

7,899

9,919

9,719

6,982

4,631

4,686

3,767

4,612

5,947

6,097

4,434

4,680

4,835

3,713

2,619

1,911

2,071

2,713

2,267

1,346

3,776

3,738

3,668

1,463

3,608

5,002

3,317

2,780

2,053

3,485

-

3,252

TOTAL ASSETS

1,847,168

1,713,056

1,694,997

1,641,065

1,626,116

1,621,644

1,191,331

1,132,542

1,043,612

981,783

993,891

928,582

877,884

827,926

827,486

783,920

805,383

677,561

641,980

568,589

541,725

509,754

471,602

436,021

433,196

419,187

396,066

378,862

371,571

359,030

341,213

340,911

300,834

283,793

LIABILITIES
Noninterest-bearing accounts

285,566

273,602

281,073

279,221

245,585

234,532

190,237

184,357

190,301

186,890

166,964

164,010

157,733

155,053

153,095

152,808

158,443

72,247

430,159

401,950

378,239

56,734

330,746

303,959

302,969

45,783

42,579

37,105

36,500

34,165

-

-

-

19,254

Interest-bearing accounts

1,160,703

1,118,806

1,105,529

1,054,996

1,075,965

1,039,687

754,300

685,756

667,177

642,952

673,614

621,687

600,281

557,540

550,069

513,308

538,236

412,931

69,724

68,558

58,081

363,710

49,543

47,685

47,367

291,093

274,289

263,808

257,281

254,784

-

-

-

227,164

Interest-bearing accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

243,390

281,559

241,457

-

Noninterest-bearing accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,434

25,811

23,011

-

Total deposits

1,446,269

1,392,408

1,386,602

1,334,217

1,321,550

1,274,219

944,537

870,113

857,478

829,842

840,578

785,697

758,014

712,593

703,164

666,116

696,679

485,178

499,883

470,508

436,320

420,444

380,289

351,644

350,336

336,876

316,868

300,913

293,781

288,949

274,824

307,370

264,468

246,418

Borrowings

159,114

84,864

76,864

83,211

86,824

137,149

86,526

106,526

39,529

7,529

10,270

30,669

10,269

12,670

21,030

19,670

12,669

98,769

59,269

20,269

30,433

17,034

22,552

17,552

16,345

16,664

13,664

13,664

13,659

6,840

4,100

4,100

7,800

8,900

Principal amount

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated note

-

-

-

-

-

-

-

-

-

-

-

10,000

10,000

-

10,000

10,000

10,000

10,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Unamortized debt issuance costs

110

115

120

125

130

135

140

145

150

155

160

165

170

175

180

185

190

195

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total subordinated note less unamortized debt issuance costs

9,890

9,885

9,880

9,875

9,870

9,865

9,860

9,855

9,850

9,845

-

-

-

9,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

4,898

5,214

4,881

4,721

4,976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

2,260

1,971

-

-

-

361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total subordinated note less unamortized debt issuance costs

9,890

9,885

9,880

9,875

9,870

9,865

9,860

9,855

9,850

9,845

9,840

9,835

9,830

9,825

9,820

9,815

9,810

9,805

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

-

-

1,029

1,003

663

-

-

27

137

607

-

-

-

1,161

-

-

-

1,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Liabilities, Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

809

-

-

-

0

-

-

-

-

-

-

-

-

Other liabilities

23,908

18,472

21,484

18,612

16,281

20,012

17,279

16,650

11,176

11,958

14,964

13,557

15,807

10,644

13,915

12,268

11,101

7,176

9,590

6,957

6,773

5,631

4,755

4,041

3,047

3,334

3,300

3,206

3,190

3,344

2,917

1,539

-

1,708

Total liabilities

1,646,339

1,512,814

1,500,740

1,451,639

1,440,164

1,441,606

1,058,202

1,003,171

918,170

859,781

875,652

839,758

793,920

746,893

747,929

707,869

730,259

602,221

568,742

497,734

473,526

443,918

407,596

373,237

369,728

356,874

333,832

317,783

310,630

299,133

281,841

313,009

273,796

257,026

COMMITMENTS AND CONTINGENCIES (NOTE 10)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

-

-

-

0

STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued or outstanding

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

Common stock, $.01 par value; 45,000,000 shares authorized; 4,332,196 and 4,459,041 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

43

44

44

45

45

45

37

37

37

37

37

31

31

31

31

31

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

-

-

0

Additional paid-in capital

84,517

89,268

88,608

90,418

91,742

-

57,027

56,344

55,823

-

54,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained earnings

114,957

110,715

105,672

99,184

95,383

-

79,648

76,102

72,349

-

65,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

-

91,466

-

-

-

55,135

-

28,208

27,793

27,334

26,866

26,516

28,591

30,692

30,289

30,011

29,689

29,450

29,200

28,963

30,106

30,097

30,029

29,979

29,923

29,894

29,863

-

-

0

Retained earnings

-

-

-

-

-

90,854

-

-

-

68,422

-

61,920

57,884

55,584

53,326

50,160

47,622

46,175

44,373

42,592

40,011

38,125

36,772

35,808

35,938

35,215

34,828

33,917

32,981

31,746

30,674

27,349

26,728

26,451

Accumulated other comprehensive income, net of tax

1,819

788

583

496

-436

-1,479

-2,664

-2,127

-1,716

-475

-128

-87

-430

-536

773

848

450

78

234

-24

289

117

-63

-18

-541

-898

-481

-609

311

597

1,439

553

310

316

Unearned shares - Employee Stock Ownership Plan ("ESOP")

507

573

650

717

782

848

919

985

1,051

1,117

1,182

1,248

1,314

1,380

1,439

1,504

1,571

1,637

1,690

1,756

1,822

1,888

1,935

2,001

2,067

2,133

2,174

2,240

2,306

2,372

-2,636

-

-

0

Total stockholders' equity

200,829

200,242

194,257

189,426

185,952

180,038

133,129

129,371

125,442

122,002

118,239

88,824

83,964

81,033

79,557

76,051

75,124

75,340

73,238

70,855

68,199

65,836

64,006

62,784

63,468

62,313

62,234

61,079

60,941

59,897

59,372

27,902

27,038

26,767

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

1,847,168

1,713,056

1,694,997

1,641,065

1,626,116

1,621,644

1,191,331

1,132,542

1,043,612

981,783

993,891

928,582

877,884

827,926

827,486

783,920

805,383

677,561

641,980

568,589

541,725

509,754

471,602

436,021

433,196

419,187

396,066

378,862

371,571

359,030

341,213

340,911

300,834

283,793