For the year ending 2025-12-31, FSBW had -$3,416K decrease in cash & cash equivalents over the period. $51,939K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| 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 | 33,346 |
| Provision for credit losses | 9,546 |
| Depreciation, amortization and accretion | 11,935 |
| Compensation expense related to stock options and restricted stock awards | 2,254 |
| Benefit for deferred income taxes | -294 |
| Earnings on cash surrender value of boli | 1,035 |
| Gain on sale of loans held for sale | 8,280 |
| Gain on sale of portfolio loans | 63 |
| Gain on sale of msrs | 0 |
| Loss on sale of investment securities, net | 0 |
| Change in fair value on portfolio loans measured under the fair value option | 534 |
| Origination of loans held for sale | 527,976 |
| Proceeds from sale of loans held for sale | 561,218 |
| Gain on purchase of tax credits | 660 |
| Loss on disposal of fixed assets | -39 |
| Purchase of tax credits | 7,587 |
| Impairment (recovery) of msrs | 54 |
| Gain on sale of oreo | 0 |
| Accrued interest receivable | 733 |
| Other assets | -4,661 |
| Other liabilities | -3,578 |
| Net cash from operating activities | 72,313 |
| Proceeds from sale of investment securities | 0 |
| Available For Sale | 67,559 |
| Available For Sale Securities Debt | 69,136 |
| Held To Maturity Securities | 30,485 |
| Held To Maturity | 5,725 |
| Maturities of certificates of deposit at other financial institutions | 1,727 |
| Purchase of certificates of deposit at other financial institutions | 0 |
| Portfolio loan originations and principal collections, net | 170,224 |
| Net cash from acquisitions | 0 |
| Proceeds from sale of msrs | 0 |
| Proceeds from sale of portfolio loans | 2,309 |
| Purchase of portfolio loans | 4,498 |
| Proceeds from sale of oreo, net | 0 |
| Purchase of premises and equipment | 20,374 |
| Proceeds from bank owned life insurance death benefits | 3,314 |
| Change in fhlb stock, net | -7,650 |
| Net cash (used by) from investing activities | -206,433 |
| Net increase (decrease) in deposits | 334,189 |
| Proceeds from borrowings | 949,937 |
| Repayments of borrowings | 1,128,438 |
| Dividends paid on common stock | 10,262 |
| Disbursements from stock options exercised, net | -57 |
| Common stock repurchased for employee/director taxes paid on restricted stock awards | 464 |
| Issuance of common stock - employee stock purchase plan | 1,222 |
| Common stock repurchased | 15,423 |
| Net cash from (used by) financing activities | 130,704 |
| Net (decrease) increase in cash and cash equivalents | -3,416 |
| Cash and cash equivalents, beginning of year | 31,635 |
| Cash and cash equivalents, end of year | 28,219 |
FS Bancorp, Inc. (FSBW)
FS Bancorp, Inc. (FSBW)