Fs bancorp, inc. (FSBW)
Income statement / 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
Loans receivable, including fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INTEREST INCOME
Loans receivable, including fees

20,740

21,029

21,466

21,102

21,109

18,601

14,624

13,135

12,256

11,969

11,715

10,401

9,372

-

-

8,452

8,320

8,375

7,730

7,494

6,819

6,602

6,339

5,493

5,181

5,255

5,365

5,233

4,938

4,935

4,647

4,341

4,134

4,060

3,981

4,005

4,145

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

1,209

1,209

1,245

1,263

1,202

1,132

959

887

732

690

637

736

661

496

538

636

578

415

329

281

264

277

264

356

330

270

232

203

237

209

193

163

165

111

63

63

50

Total interest and dividend income

21,949

22,238

22,711

22,365

22,311

19,733

15,583

14,022

12,988

12,659

12,352

11,137

10,033

10,255

9,779

9,088

8,898

8,790

8,059

7,775

7,083

6,879

6,603

5,849

5,511

5,525

5,597

5,436

5,175

5,144

4,840

4,504

4,299

4,171

4,044

4,068

4,195

INTEREST EXPENSE
Deposits

3,807

4,173

4,223

4,056

3,710

2,795

1,850

1,432

1,244

1,127

1,045

896

852

842

808

785

819

803

866

812

748

615

675

594

550

540

502

464

472

493

543

569

603

632

655

748

791

Borrowings

497

544

582

606

744

-

704

496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

-

-

-

-

-

-

-

-

80

75

114

106

39

49

50

42

85

90

56

72

67

71

76

63

58

58

56

48

38

37

28

44

46

47

45

44

44

Subordinated note

172

171

171

169

168

172

171

169

167

172

171

169

167

172

171

169

171

144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest expense

4,476

4,888

4,976

4,831

4,622

3,915

2,725

2,097

1,491

1,374

1,330

1,171

1,058

1,063

1,029

996

1,075

1,037

922

884

815

686

751

657

608

598

558

512

510

530

571

613

649

679

700

792

835

Total interest expense

4,476

4,888

4,976

4,831

4,622

3,915

2,725

2,097

1,491

1,374

1,330

1,171

1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INTEREST INCOME

17,473

17,350

17,735

17,534

17,689

15,818

12,858

11,925

11,497

11,285

11,022

9,966

8,975

9,192

8,750

8,092

7,823

7,753

7,137

6,891

6,268

6,193

5,852

5,192

4,903

4,927

5,039

4,924

4,665

4,614

4,269

3,891

3,650

3,492

3,344

3,276

3,360

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

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

13,787

16,703

17,162

16,624

16,939

15,528

12,408

11,475

11,147

10,985

10,572

9,966

8,975

8,592

8,150

7,492

7,223

7,303

6,537

6,291

5,668

5,743

5,402

4,742

4,453

4,477

4,519

4,324

4,065

-

-

-

-

-

-

-

-

NONINTEREST INCOME
Service charges and fee income

924

1,423

1,619

1,854

1,658

1,188

716

670

659

-

879

1,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,639

3,341

3,135

2,775

2,722

2,711

2,895

Service charges and fee income

-

-

-

-

-

-

-

-

-

-

-

-

861

902

899

893

697

524

528

500

425

460

458

446

398

387

473

494

453

499

499

505

490

521

509

475

466

Gain on sale of loans

5,899

3,692

4,583

3,576

2,397

2,394

3,818

4,671

3,978

4,145

5,025

4,460

4,355

4,335

5,922

5,437

3,364

3,108

3,632

4,606

3,326

2,486

1,789

1,794

1,508

1,054

1,537

2,228

1,552

2,218

915

445

106

-

-

-

-

Gain on sale of investment securities

-

-

0

32

-

58

0

0

113

0

143

237

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146

0

-

-

0

0

76

-

-51

10

0

-

0

-

-

-

-

-

-

-

-

-

-

Gain on sale of mortgage servicing rights (MSR)

-

-

-

-

-

-

-

-

-

-

38

958

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

168

59

0

94

12

-

-18

-

-

Earnings on cash surrender value of BOLI

216

221

219

217

215

155

88

88

82

66

68

71

69

72

71

70

69

70

51

48

47

49

47

46

45

-

-

-

-

-

-

-

-

-

-

-

-

Other noninterest income

1,852

343

323

404

285

272

180

185

192

188

274

228

135

135

210

156

191

166

165

124

197

167

141

160

89

117

153

113

90

64

65

78

115

95

78

82

77

Total noninterest income

8,891

5,653

6,744

6,083

4,555

11,410

4,802

5,614

5,024

5,270

6,427

6,957

5,420

5,444

7,248

6,556

4,321

3,868

4,376

5,278

4,071

3,153

2,384

2,456

2,040

1,558

2,163

2,931

2,263

2,840

1,479

1,122

723

770

605

557

543

NONINTEREST EXPENSE
Salaries and benefits

9,547

9,059

7,865

8,649

8,243

6,780

7,039

7,671

7,048

6,421

7,140

6,916

6,118

5,471

6,287

5,358

4,866

4,272

4,295

4,216

3,949

4,145

3,557

3,240

3,122

2,696

2,578

3,135

2,477

2,772

2,162

1,864

1,697

1,471

1,465

1,336

1,344

Operations

2,403

2,660

2,360

2,658

2,044

2,501

1,308

1,541

1,359

1,699

1,577

1,443

1,486

1,780

1,450

1,396

1,374

1,167

1,118

1,128

963

1,075

932

926

546

757

752

759

758

769

630

624

507

-

-

-

-

Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

501

454

493

Occupancy

1,109

1,194

1,104

1,230

1,112

946

744

704

648

734

650

645

643

630

597

610

567

480

497

456

434

434

420

403

398

475

372

385

317

343

286

314

289

287

317

256

243

Data processing

980

1,202

1,148

1,336

1,286

925

625

679

641

709

651

593

568

559

537

557

481

441

380

393

359

397

331

300

287

288

285

266

266

293

254

275

233

239

234

210

207

Gain on sale of other real estate owned (OREO)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11

-1

32

172

151

117

78

119

82

216

430

-

-

-

-

Loss (gain) on sale of OREO

-2

13

40

0

85

-

0

0

0

-

-

-

-

-

0

150

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OREO expenses

-

1

1

7

4

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OREO expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

10

-29

21

53

41

16

22

29

57

64

34

-

-

-

-

Loan costs

500

955

903

707

673

618

850

704

629

674

726

543

709

715

715

638

437

418

379

417

333

334

316

391

305

329

362

345

300

317

213

198

139

-

-

-

-

OREO fair value write-downs, net of loss on sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

-

-

OREO fair value write-downs, net of (gain) loss on sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

73

OREO expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

74

54

Loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

118

146

Professional and board fees

681

606

654

616

550

551

414

463

444

437

378

402

480

452

502

524

465

389

479

423

367

317

317

298

304

299

331

333

230

137

178

166

137

243

119

136

133

Federal Deposit Insurance Corporation ("FDIC") insurance

126

0

-29

139

248

249

137

90

41

107

175

119

134

181

98

106

102

75

69

82

79

67

62

62

63

65

62

67

57

72

66

56

63

61

50

140

140

Federal Deposit Insurance Corporation ("FDIC") insurance refund

-

-

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing and advertising

146

174

178

191

135

182

201

215

149

204

192

182

138

157

202

207

144

251

183

145

130

150

138

125

107

124

107

158

85

80

80

67

53

55

84

56

41

Acquisition costs

-

-99

257

1,224

374

-

443

-

0

-

0

-

-

0

0

4

385

444

432

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of core deposit intangible

176

190

190

190

190

120

77

77

77

100

100

100

100

140

140

140

102

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of servicing rights

514

-186

131

124

23

-

0

0

0

-

0

1

1

-1

-216

215

-1

0

0

1

-1

1

-18

-1

0

-7

-2

22

-122

7

108

-2

-1

-

-

-

-

Total noninterest expense

16,184

15,743

14,722

17,071

14,797

13,820

11,838

12,144

11,036

11,083

11,589

10,944

10,377

10,084

10,312

9,605

8,922

7,937

7,832

7,261

6,613

6,927

6,076

5,714

5,185

5,251

5,039

5,603

4,468

4,938

4,116

3,842

3,581

3,232

3,102

2,825

2,874

INCOME BEFORE PROVISION FOR INCOME TAXES

6,494

6,613

9,184

5,636

6,697

13,118

5,372

4,945

5,135

5,172

5,410

5,979

4,018

3,952

5,086

4,443

2,622

3,234

3,081

4,308

3,126

1,969

1,710

1,484

1,308

784

1,643

1,652

1,860

1,298

1,002

621

277

-

-

-

-

INCOME BEFORE BENEFIT FOR INCOME TAX

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225

-

-

PROVISION FOR INCOME TAXES

1,327

695

2,040

1,173

1,505

1,402

1,320

688

813

1,493

1,956

1,620

1,425

1,406

1,629

1,608

961

1,217

1,086

1,514

1,056

436

564

498

433

247

581

566

625

226

-2,323

0

0

-

-

-

-

INCOME BEFORE PROVISION FOR INCOME TAX

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

443

564

NET INCOME

5,167

5,918

7,144

4,463

5,192

11,716

4,052

4,257

4,322

3,679

3,454

4,359

2,593

2,546

3,457

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

313

225

443

564

Basic earnings per share (in dollars per share)

1.16

1.32

1.62

1.00

1.19

3.05

1.12

1.19

1.22

1.02

1.13

1.50

0.90

0.88

1.21

0.98

0.56

0.66

0.67

0.94

0.71

0.51

0.39

0.33

0.29

0.17

0.35

0.36

0.41

0.73

1.03

0.00

0.00

-

-

-

-

Diluted earnings per share (in dollars per share)

1.14

1.30

1.58

0.98

1.15

2.94

1.07

1.13

1.15

0.95

1.07

1.41

0.85

0.82

1.18

0.96

0.55

0.64

0.66

0.93

0.70

0.51

0.39

0.33

0.29

0.17

0.35

0.36

0.41

0.73

1.03

0.00

0.00

-

-

-

-