FS Bancorp

FS Bancorp is a financial holding company that operates through its subsidiary, 1st Security Bank of Washington. The company was founded in 1935 and is headquartered in Mountlake Terrace, Washington.
1st Security Bank of Washington is a state-chartered bank that provides a range of banking and financial services to individuals, small business owners, and commercial clients in the Pacific Northwest region. These services include personal and business checking and savings accounts, home and business loans, credit cards, and wealth management services.
In addition to its banking services, FS Bancorp also offers insurance products and services through its subsidiary, 1st Security Insurance Services, Inc. This subsidiary provides personal and commercial insurance products such as auto, home, life, and business insurance.
FS Bancorp is publicly traded on the NASDAQ stock exchange under the ticker symbol FSBW and is a member of the Russell 2000 index.
The company prides itself on its community involvement and charitable giving, supporting various non-profit organizations and initiatives in the communities it serves. It also promotes diversity and inclusivity in its workforce and has a commitment to sustainability and environmental responsibility.
In 2021, FS Bancorp was ranked #2 on Forbes’ list of America’s Best Banks in Washington State, and #5 in their list of America’s Best Midsize Employers.

1. Strong Focus on Community Banking: FS Bancorp is a community bank holding company that focuses on serving the financial needs of individuals and small to medium-sized businesses in the local communities it serves.
2. Consistent Growth and Financial Performance: The company has a track record of consistent growth and strong financial performance, with increasing revenues, profits, and assets over the years.
3. Diversified Operations: FS Bancorp operates through multiple subsidiaries, including flagship bank 1st Security Bank of Washington, which provides a diversified range of financial products and services to its customers.
4. Strong Credit Quality: The company has maintained strong credit quality, with low levels of non-performing assets and a high proportion of performing loans in its portfolio.
5. Focused Leadership: The company’s leadership team has a deep understanding of the local markets and is committed to providing personalized and attentive service to its customers.
6. Commitment to Innovation and Technology: FS Bancorp has prioritized investment in technology and innovation, allowing it to provide modern, convenient, and secure banking services to its customers.
7. Socially Responsible: The company is committed to giving back to the communities it serves and supports various social and community initiatives through its charitable foundation.
8. Strong Corporate Governance: FS Bancorp has a strong commitment to corporate governance, with an experienced and independent board of directors and transparent policies and procedures in place.
9. Award-Winning Company: The company has received several awards and accolades for its financial performance, community involvement, and workplace culture.
10. Strong Financial Position: FS Bancorp has a strong balance sheet, with a healthy amount of capital and liquidity, making it well-positioned to navigate economic downturns and pursue growth opportunities.