FS Bancorp, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the Securities and Exchange Commission on August 10, 2026, reporting consolidated financial results for its community banking operations through its wholly owned subsidiary, 1st Security Bank of Washington.

Key Highlights

  • Total assets: $3.179 billion at June 30, 2026, compared to $3.197 billion at December 31, 2025, according to the filing.
  • Net interest income: $32.648 million for the three months ended June 30, 2026, up from $32.112 million in the same period of 2025.
  • Provision for credit losses: $2.641 million for the second quarter of 2026, compared to $2.021 million for the second quarter of 2025.
  • Total deposits: $2.449 billion at June 30, 2026, down from $2.674 billion at December 31, 2025.
  • Shares outstanding: 7,431,972 shares of common stock as of August 5, 2026, per the filing.
  • Total stockholders' equity: $318.960 million at June 30, 2026, compared to $307.694 million at December 31, 2025.
  • Gain on sale of loans: $2.581 million for the three months ended June 30, 2026, up from $1.972 million in the same quarter of 2025.

FS Bancorp's Balance Sheet and Income Performance at Mid-Year 2026

FS Bancorp, Inc. (NASDAQ: FSBW), the parent company of 1st Security Bank of Washington and headquartered in Mountlake Terrace, Washington, disclosed its unaudited consolidated financial statements for the period ended June 30, 2026. The filing shows total interest and dividend income of $49.662 million for the second quarter of 2026, compared to $48.703 million for the same quarter of 2025. Total interest expense rose to $17.014 million from $16.591 million in the prior-year period, resulting in net interest income of $32.648 million for the quarter.

On the balance sheet, net loans receivable stood at $2.629 billion at June 30, 2026, up slightly from $2.623 billion at December 31, 2025. The allowance for credit losses on loans was $31.165 million at June 30, 2026, compared to $31.937 million at December 31, 2025. Borrowings increased to $324.500 million from $129.305 million over the same period, while total deposits declined by approximately $224.760 million. The company also reported $50.000 million in subordinated notes principal outstanding at both dates.

Noninterest income for the second quarter of 2026 totaled $6.150 million, compared to $5.170 million in the second quarter of 2025, with gain on sale of loans contributing $2.581 million. Noninterest expense included $15.570 million in salaries and benefits, along with $417 thousand in acquisition costs for the quarter ended June 30, 2026, a line item that carried no balance in the comparable 2025 quarter. Retained earnings grew to $291.635 million at June 30, 2026, from $280.197 million at December 31, 2025. Accumulated other comprehensive loss narrowed to $(13.635) million from $(15.829) million over the same period.

What Was Disclosed

The filing covered FS Bancorp's unaudited consolidated balance sheets, income statements, and related financial data for the quarter and six months ended June 30, 2026, including loan balances, deposit levels, borrowings, noninterest income and expense categories, and stockholders' equity.