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.

FS Bancorp is a financial services company that primarily operates as a bank holding company for 1st Security Bank of Washington. Its business model is centered around providing a wide range of financial products and services to individuals, businesses, and organizations in the Pacific Northwest region of the United States. This includes traditional banking activities such as deposit accounts, loans, and cash management services, as well as wealth management, insurance, and mortgage lending services.
FS Bancorp focuses on building strong relationships with its customers and providing high-quality, personalized banking solutions that meet their specific needs. The company also pursues growth opportunities through strategic acquisitions and expansions of its existing business lines. Additionally, FS Bancorp aims to maintain strong financial performance and shareholder value through sound risk management, efficient operations, and disciplined cost management.

1. FS Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. It was founded in 1923 as First Federal Savings and Loan Association of Port Angeles.
2. FS Bancorp went public in 2011 and is traded on the NASDAQ stock exchange under the ticker symbol FSBW.
3. The company operates 19 branches under the First Security Bank and Anchor Bank names. Its branches are located throughout Western Washington, including Seattle, Everett, and Tacoma.
4. FS Bancorp has total assets of over $1.8 billion and deposits exceeding $1.4 billion.
5. The company specializes in residential and commercial real estate lending, as well as traditional banking services such as checking and savings accounts, certificates of deposit, and personal and business loans.
6. FS Bancorp has received multiple awards for financial performance, including being named one of the top 200 community banks by American Banker for the past three consecutive years.
7. In addition to banking services, FS Bancorp also offers insurance and investment services through its subsidiary, 1st Security Insurance Services, Inc.
8. The company is committed to giving back to its community and supports numerous local organizations and events, such as the Special Olympics, Boys & Girls Clubs, and local food banks.
9. FS Bancorp has a focus on environmentally sustainable practices and has implemented energy-efficient and environmentally-friendly measures in its branches and offices.
10. The majority of FS Bancorp’s stock is held by insiders and institutional investors, indicating strong confidence in the company’s future performance.
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