Fs bancorp, inc. (FSBW)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
INTEREST INCOME
Loans receivable, including fees

84,706

58,616

43,457

35,772

30,418

23,615

20,791

18,057

16,191

Interest and dividends on investment securities, cash and cash equivalents, and certificates of deposit at other financial institutions

4,919

3,710

2,724

2,248

1,289

1,227

942

730

287

Total interest and dividend income

89,625

62,326

46,181

38,020

31,707

24,842

21,733

18,787

16,478

INTEREST EXPENSE
Deposits

16,162

7,321

3,920

3,254

3,229

2,434

1,978

2,208

2,826

Borrowings

2,476

2,228

-

-

-

-

-

-

-

Borrowings

-

-

334

226

285

268

200

155

180

Subordinated note

679

679

679

683

144

0

-

-

-

Total interest expense

19,317

10,228

4,933

4,163

3,658

2,702

2,178

2,363

3,006

Total interest expense

19,317

10,228

4,933

4,163

-

-

-

-

-

NET INTEREST INCOME

70,308

52,098

41,248

33,857

28,049

22,140

19,555

16,424

13,472

PROVISION FOR LOAN LOSSES

2,880

1,540

750

2,400

2,250

1,800

2,170

2,913

2,369

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

67,428

50,558

40,498

31,457

25,799

20,340

17,385

13,511

-

NONINTEREST INCOME
Service charges and fee income

6,554

3,233

3,548

-

-

-

-

-

-

Bargain purchase gain

-

7,414

0

-

-

-

-

-

-

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

-

-

-

-

-

-

-

-

11,103

Service charges and fee income

-

-

-

3,391

1,977

1,762

1,807

1,993

1,971

Gain on sale of loans

14,248

14,861

17,985

19,058

14,672

7,577

6,371

3,684

113

Loss on disposed fixed assets

-26

-71

0

-

-

-

-

-

-

Gain on sale of investment securities

32

171

380

146

76

-41

-

-

-

Gain on sale of mortgage servicing rights (MSR)

-

-

1,062

-

-

-

-

-

-

(Loss) gain on sale of investment securities

-

-

-

-

-

-

264

165

18

Gain (Loss) on Disposition of Property Plant Equipment

-

-

-

-

-

-9

0

-

41

Earnings on cash surrender value of BOLI

872

413

274

282

216

187

-

-

-

Other noninterest income

1,355

829

825

692

652

557

473

322

332

Total noninterest income

23,035

26,850

24,074

23,569

17,593

10,033

8,915

6,164

2,475

NONINTEREST EXPENSE
Salaries and benefits

33,816

28,538

26,595

21,982

16,732

14,064

10,886

8,495

5,616

Operations

9,722

6,709

6,205

6,000

4,376

3,479

3,026

2,530

1,949

Occupancy

4,640

3,042

2,672

2,404

1,867

1,655

1,549

1,232

1,103

Data processing

4,972

2,870

2,521

2,134

1,573

1,315

1,105

1,055

890

Gain on sale of other real estate owned (OREO)

-

-

-

-150

0

42

518

847

601

Loss (gain) on sale of OREO

138

-

-

-

-

-

-

-

-

OREO expenses

13

2

0

-

-

-

-

-

-

OREO expenses

-

-

-

-

-

9

132

184

138

Loan costs

3,238

2,801

2,652

2,505

1,547

1,346

1,336

867

459

Professional and board fees

2,426

1,872

1,697

1,943

1,658

1,236

1,193

618

631

Federal Deposit Insurance Corporation ("FDIC") insurance

358

517

535

487

305

254

251

257

391

Marketing and advertising

678

747

716

710

709

520

474

280

236

Acquisition costs

1,756

1,389

0

389

876

0

-

-

-

Amortization of core deposit intangible

760

351

400

522

0

-

-

-

-

Impairment of servicing rights

92

-

-

-3

0

-18

-109

112

19

Total noninterest expense

62,333

48,838

43,993

38,923

29,643

23,902

20,361

16,477

12,033

INCOME BEFORE PROVISION FOR INCOME TAXES

28,130

28,570

20,579

16,103

13,749

6,471

5,939

3,198

1,545

PROVISION FOR INCOME TAXES

5,413

4,223

6,494

5,604

4,873

1,931

2,019

-2,097

0

NET INCOME

22,717

24,347

14,085

10,499

8,876

4,540

3,920

5,295

1,545

Basic earnings per share (in dollars per share)

5.13

6.58

4.55

3.63

2.98

1.52

1.29

1.76

0.00

Diluted earnings per share (in dollars per share)

5.01

6.29

4.28

3.51

2.93

1.52

1.29

1.76

0.00