For the quarter ending 2026-03-31, FSBW had $10,483K increase in cash & cash equivalents over the period. $8,439K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Dividends received from subsidiary | - | 24,010 | - | - |
| Interest expense on subordinated note | - | 1,942 | - | - |
| Other expenses | - | 936 | - | - |
| Income before income tax benefit and equity in undistributed net income of subsidiary | - | 21,132 | - | - |
| Income tax benefit | - | -590 | - | - |
| Equity in undistributed earnings of subsidiary | - | 11,624 | - | - |
| Net income | 7,830 | 8,420 | 9,177 | 15,749 |
| Provision for credit losses | 2,529 | 3,624 | 2,309 | 3,613 |
| Depreciation, amortization and accretion | 2,278 | 2,491 | 3,188 | 6,256 |
| Compensation expense related to stock options and restricted stock awards | 627 | 633 | 583 | 1,038 |
| Benefit for deferred income taxes | - | -294 | - | - |
| Earnings on cash surrender value of boli | 259 | 262 | 268 | 505 |
| Gain on sale of loans held for sale | 2,384 | 2,169 | 2,439 | 3,672 |
| Gain on sale of portfolio loans | - | 63 | - | - |
| Gain on sale of msrs | - | 0 | 0 | 0 |
| Loss on sale of investment securities, net | - | 0 | 0 | 0 |
| Change in fair value on portfolio loans measured under the fair value option | -101 | 65 | 203 | 266 |
| Origination of loans held for sale | 158,613 | 173,745 | 128,911 | 225,320 |
| Proceeds from sale of loans held for sale | 155,758 | 181,564 | 157,774 | 221,880 |
| Gain on purchase of tax credits | 0 | 0 | 0 | 660 |
| Loss on disposal of fixed assets | - | -39 | - | - |
| Purchase of tax credits | 0 | 0 | 0 | 7,587 |
| Recovery of msrs | -55 | 31 | -6 | 29 |
| Gain on sale of oreo | - | 0 | - | - |
| Accrued interest receivable | 719 | -508 | 852 | 389 |
| Other assets | -1,737 | 3,485 | -2,688 | -5,458 |
| Other liabilities | -118 | -4,872 | 1,596 | -302 |
| Net cash from operating activities | 8,712 | 12,355 | 44,636 | 15,322 |
| Net cash from acquisitions | - | 0 | - | - |
| Proceeds from sale of msrs | - | 0 | 0 | 0 |
| Proceeds from sale of portfolio loans | - | 0 | 2,309 | 0 |
| Proceeds from sale of investment securities | - | 0 | 0 | 0 |
| Available For Sale | 20,961 | 31,943 | 9,442 | 26,174 |
| Available For Sale Securities Debt | 5,195 | 7,412 | 15,184 | 46,540 |
| Held To Maturity Securities | 975 | 4,500 | 2,750 | 23,235 |
| Held To Maturity | 1,000 | 2,725 | 3,000 | - |
| Proceeds from bank owned life insurance death benefits | - | 2,543 | 0 | 771 |
| Maturities of certificates of deposit at other financial institutions | 0 | 0 | 248 | 1,479 |
| Purchase of certificates of deposit at other financial institutions | - | 0 | 0 | 0 |
| Portfolio loan originations and principal collections, net | 11,726 | 38,216 | 33,408 | 98,600 |
| Purchase of portfolio loans | 383 | 542 | 0 | 3,956 |
| Proceeds from sale of oreo, net | - | 0 | - | - |
| Purchase of premises and equipment | 273 | 15,709 | 3,023 | 1,642 |
| Change in fhlb stock, net | 730 | -4 | -3,604 | -4,042 |
| Capital contributions to affordable housing tax credit investments | 452 | - | - | - |
| Net cash from (used by) investing activities | 2,227 | -29,164 | -35,762 | -141,507 |
| Net (decrease) increase in deposits | -36,073 | -12,858 | 133,110 | 213,937 |
| Proceeds from borrowings | 105,000 | 323,501 | 12,436 | 614,000 |
| Repayments of borrowings | 67,000 | 323,501 | 117,436 | 687,501 |
| Dividends paid on common stock | 2,173 | 2,105 | 3,804 | 4,353 |
| Disbursements from stock options exercised, net | - | -37 | -20 | 0 |
| Common stock repurchased for employee/director taxes paid on restricted stock awards | 27 | 0 | 464 | - |
| Issuance of common stock - employee stock purchase plan | 383 | 285 | 287 | 650 |
| Common stock repurchased | 620 | 1,537 | 4,898 | 8,988 |
| Net cash (used by) from financing activities | -456 | -16,252 | 19,211 | 127,745 |
| Net increase in cash and cash equivalents | 10,483 | -33,061 | 28,085 | 1,560 |
| Cash and cash equivalents, beginning of period | 28,219 | 61,280 | 31,635 | - |
| Cash and cash equivalents, end of period | 38,702 | 28,219 | 61,280 | - |
FS Bancorp, Inc. (FSBW)
FS Bancorp, Inc. (FSBW)