Fs bancorp, inc. (FSBW)
CashFlow / 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'11Sep'11Jun'11Mar'11
CASH FLOWS (USED BY) FROM OPERATING ACTIVITIES
Net income

5,167

5,918

7,144

4,463

5,192

11,717

4,051

4,257

4,322

3,679

3,454

4,359

2,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,835

1,661

2,017

1,995

2,794

2,070

1,533

1,146

986

875

537

1,062

1,086

1,235

1,072

3,325

621

277

312

225

444

564

Adjustments to reconcile net income to net cash from operating activities
Provision for loan losses

3,686

647

573

910

750

290

450

450

350

300

450

0

0

600

600

600

600

450

600

600

600

450

450

450

450

450

520

600

600

1,218

630

550

515

717

622

565

465

Depreciation, amortization and accretion

2,178

2,734

4,966

1,982

2,321

728

1,895

1,501

1,139

1,361

1,063

266

1,248

1,431

1,373

1,672

734

832

641

489

468

176

878

1,129

548

936

773

17

496

284

-68

352

404

-

-

-

-

Compensation expense related to stock options and restricted stock awards

224

-

189

190

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense related to stock options and restricted stock awards

-

-

-

-

-

-

-

-

135

138

138

167

191

195

195

200

193

186

187

191

182

186

187

110

0

0

0

-95

95

285

0

0

0

-

-

-

-

ESOP compensation expense for allocated shares

325

535

324

326

321

9

448

393

359

510

360

317

237

303

203

166

160

244

149

136

123

111

116

109

110

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

269

Provision for deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

635

412

531

456

525

775

11

204

92

118

35

190

193

Valuation allowance on deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687

2,334

204

92

-

-

-

-

Increase in cash surrender value of BOLI

216

221

219

217

215

155

88

88

82

66

68

71

69

71

72

70

69

70

51

48

47

48

47

47

45

331

38

0

0

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

5,899

3,692

4,461

3,576

2,397

2,379

3,708

4,671

3,896

3,647

5,025

4,460

4,355

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

15

110

0

82

498

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation allowance on deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-204

-

-

-35

-190

-193

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,921

5,437

3,364

-

3,632

4,607

3,326

-

1,787

1,758

983

-

1,154

2,227

1,552

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

58

0

0

113

0

143

237

0

-

-

-

-

0

0

0

76

0

-51

10

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221,520

223,222

119,476

-

141,648

173,495

114,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

168

59

188

-94

12

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

15

110

0

82

498

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

36

525

-

383

0

0

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

445

106

-

-

-

-

Origination of loans held for sale

259,191

224,857

257,978

196,503

125,281

134,142

172,287

165,600

147,603

178,146

209,270

186,854

124,234

134,791

229,672

218,071

136,330

123,781

151,220

174,801

121,943

95,735

78,839

69,612

33,813

48,913

60,955

79,660

52,508

60,098

43,767

26,655

8,479

-

-

-

-

Proceeds from sale of loans held for sale

218,574

238,646

245,808

178,269

132,461

138,973

174,905

165,012

152,419

191,675

207,105

172,861

140,125

-

-

-

-

-

-

-

-

-

-

-

34,144

46,611

63,418

91,504

42,474

61,256

39,820

24,320

7,120

-

-

-

-

Impairment of servicing rights

514

-186

131

124

23

-

0

0

0

-

0

0

1

-1

-216

215

-1

0

0

1

-1

1

-18

-1

0

-7

-2

22

-122

7

108

-2

-1

-

-

-

-

Loss (gain) on sale of OREO

-2

13

40

0

85

-

0

0

0

-

-

-

-

-

-

-

-

0

0

0

0

-

-8

2

8

-

-

0

0

-

17

-1

-51

-

-

-

-

Impairment loss on OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

0

40

171

152

117

78

154

99

215

379

-

-

-

-

Changes in operating assets and liabilities
Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-1

-2

Impairment loss on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-

-

205

45

75

Origination of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,655

-

-

-

-

-

Accrued interest receivable

418

185

-56

-33

51

1,303

385

361

107

349

314

147

232

-33

137

66

247

50

285

-41

255

33

159

-64

169

-72

41

-36

105

-60

142

6

115

159

-58

40

-35

Other assets

-5,058

-1,493

-2,071

200

7,953

-3,001

65

919

-845

-1,335

-150

475

-246

-155

1,122

1,100

5,259

-160

-640

445

920

231

-217

154

307

85

-1,533

1,200

168

265

562

-471

-307

744

-640

38

256

Other liabilities

14

-9,250

2,876

2,414

1,517

-7,366

749

5,477

-912

-1,472

1,468

-2,744

3,944

-1,990

1,688

947

2,428

-1,546

2,502

-1,002

1,591

583

1,529

977

-269

-31

86

25

-77

427

1,351

38

-180

-

-

-

-

Changes in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

-

-

-484

234

Net cash (used by) from operating activities

-29,982

12,811

1,318

-11,817

6,865

3,038

6,024

5,601

6,774

14,035

-670

-17,976

19,695

26,893

-8,250

4,963

-20,018

10,185

-6,826

-3,156

-7,266

-2,747

-1,092

-871

683

-1,124

5,618

10,802

-9,197

2,176

-1,531

-1,564

160

-1,389

3,513

781

1,826

CASH FLOWS (USED BY) FROM INVESTING ACTIVITIES
Activity in securities available-for-sale:
Proceeds from sale of investment securities

-

-

-

-

-

19,007

0

0

5,305

0

9,115

29,988

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

0

0

4,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

4,718

4,068

-

-2,432

1,647

785

-

-

-

-

Maturities, prepayments, and calls

12,002

6,155

9,795

3,684

4,659

3,301

2,627

1,975

2,340

1,049

2,878

1,634

2,019

5,054

3,242

4,143

1,654

1,803

1,847

1,338

1,389

873

2,099

5,589

2,375

1,254

2,295

832

844

447

4,184

3,958

3,430

1,272

851

108

506

Purchases

40,236

26,090

19,593

9,594

6,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

-

18,145

5,951

11,227

2,689

27,404

8,379

0

20,970

26,462

3,673

4,822

4,559

4,348

0

2,020

2,639

18,034

11,087

5,140

7,988

5,095

9,408

22,956

-9,726

9,357

28,417

-2,381

-1,835

-2,652

Maturities of certificates of deposit at other financial institutions

2,976

1,162

0

2,488

0

248

248

0

496

0

0

1,240

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense, Time Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

248

0

248

0

1,490

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of certificates of deposit at other financial institutions

-

-

-

-

-

-

-

-

-

0

0

-1,737

-2,365

-1,240

0

-1,882

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and principal collections, net

27,573

24,928

39,958

-985

-26,997

13,692

71,763

71,759

32,911

26,030

41,028

67,303

21,432

1,172

44,032

31,019

18,820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of portfolio loans

32,743

-

-

-

321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of portfolio loans

-

-

-

-

-

-

914

4,618

17,000

-

6,122

23,088

3,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of portfolio loans

-

-

-

-

-

-

914

4,618

17,000

-

6,122

23,088

3,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29,519

-31,209

-40,120

-38,088

-20,646

-7,629

-9,468

-7,195

-2,301

-29,578

-14,477

-14,222

-15,925

-

-

-

-

Proceeds from sale of portfolio loans

0

0

8,487

-538

538

7,002

5,399

0

5,551

25,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,849

-

8,195

0

0

-

-

-

-

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,222

-

-

-12,324

1,375

15,610

Proceeds from sale of OREO, net

76

101

116

0

684

-

0

0

0

-

-

-

-

0

0

477

205

0

0

0

0

0

24

501

1,953

106

0

70

93

40

481

645

1,370

-

-

-

386

Purchase of premises and equipment, net

583

461

261

881

860

1,441

706

900

749

393

300

98

225

1,308

645

444

1,198

444

116

800

152

181

245

251

196

356

425

719

570

443

4,310

-1,416

307

1,721

-179

-40

-106

Purchase of BOLI

-

-

-

-

-

-

0

0

3,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in FHLB stock, net

2,876

50

-334

172

-1,730

2,756

-611

3,434

1,437

-176

-862

808

382

715

404

280

-3,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,242

934

292

0

225

0

0

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock redeemed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,682

1,464

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash acquired from Anchor Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

180,356

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used by) from investing activities

-88,957

-43,357

-41,080

1,814

27,422

27,875

-66,850

-88,436

-59,550

-12,637

-45,822

-58,034

-52,921

-7,760

-28,262

-49,683

138,966

-25,759

-62,195

-23,316

-28,496

-24,460

-30,345

-23,386

-21,699

-7,989

-10,495

-10,282

-2,961

-24,441

-15,579

-20,761

-20,004

-10,067

-13,088

-778

13,744

CASH FLOWS FROM (USED BY) FINANCING ACTIVITIES
Net increase in deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,460

20,008

15,955

7,132

4,832

14,125

-32,546

42,902

18,050

4,365

578

-5,065

2,583

Net increase in deposits

-53,992

-6,331

-52,385

-12,667

-47,331

27,129

-74,424

-12,635

-27,636

10,736

-54,881

-27,683

-45,421

-

-37,048

30,563

-31,145

-

-29,375

-34,188

-15,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings

203,750

47,075

58,090

140,976

155,306

177,499

225,755

347,480

166,505

147,014

131,000

217,260

0

-

-

-

130,000

190,550

106,100

123,885

75,852

28,101

93,151

30,207

0

3,000

25,000

44,635

31,819

46,740

100

4,000

8,900

-

-

-

500

Repayments of borrowings

129,500

39,075

64,500

144,683

205,725

163,625

245,755

280,483

134,505

149,755

151,400

196,860

2,400

-

-

-

216,100

151,050

67,100

134,049

62,453

33,619

88,151

29,000

319

0

25,000

44,630

25,000

44,000

15,500

-7,700

10,000

55,500

-9,500

500

-18,500

Dividends paid on common stock

925

875

656

662

663

511

505

504

395

390

325

323

293

288

291

297

214

215

214

213

184

181

182

189

152

150

151

150

0

-

-

-

-

-

-

-

-

Proceeds from stock options exercised, net

-

-28

51

638

44

431

132

294

260

89

211

272

97

29

51

103

3

17

8

162

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Disbursements) from stock options exercised, net

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchased

4,989

-2

2,104

2,413

285

-

0

250

0

-

-

-

-

0

34

2,478

2,391

0

0

101

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from (used by) financing activities

122,082

13,430

43,062

6,523

-3,992

-13,336

54,051

79,172

59,501

-13,778

59,985

47,757

42,825

810

38,133

-26,234

-57,557

34,597

68,169

23,872

29,091

34,457

33,463

104

12,989

22,858

15,804

6,987

11,651

16,875

-3,949

39,202

16,950

365

9,578

-5,065

-15,417

NET INCREASE IN CASH AND CASH EQUIVALENTS

3,143

-17,116

3,300

-3,480

30,295

17,577

-6,775

-3,663

6,725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

9,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,621

-70,954

61,391

-

-852

-2,600

-6,671

-

2,026

-24,153

-8,027

-

10,927

7,507

-507

-5,390

-21,059

16,877

-2,894

-11,091

3

-5,062

153

SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest on deposits and borrowings

4,285

4,709

4,471

5,067

4,462

4,077

2,508

2,097

1,416

1,376

1,300

1,177

1,051

1,233

1,021

832

1,078

1,037

923

885

815

693

745

654

608

594

557

509

508

528

570

620

649

677

701

792

835

Income taxes

0

934

950

2,467

0

1,102

600

1,200

0

-

-

-

-

1,690

1,450

2,270

700

287

1,515

1,876

275

216

202

35

140

0

50

110

100

60

0

0

0

-

-

-

-

SUPPLEMENTARY DISCLOSURES OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES
Change in unrealized gain on investment securities, net

2,364

-

-

-

1,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain on cash flow hedges, net

-1,051

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retention of gross mortgage servicing rights from loan sales

1,185

764

2,577

1,215

844

2,001

1,451

1,381

1,138

1,506

1,327

1,252

990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized (loss) gain on investment securities, net

-

-

-

-

-

-

-

-

-1,581

-

-63

531

163

-2,029

-116

618

577

-234

391

-475

261

272

-67

792

542

-633

-428

-773

-433

-534

886

243

-6

-

-

-

-

Change in unrealized loss on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

Property taken in settlement of loans

0

103

30

87

92

-

0

0

0

-

-

-

-

0

0

0

525

0

0

-13

13

0

0

0

445

93

606

36

0

-

-

-

-

-

151

35

2,851

Retention of gross mortgage servicing rights from loan sales

1,185

764

2,577

1,215

844

2,001

1,451

1,381

1,138

1,506

1,327

1,252

990

1,267

1,095

1,219

613

876

921

1,117

785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-