FS Bancorp, Inc.

FS Bancorp is a Washington corporation that serves as the holding company for 1st Security Bank. The company was organized in September 2011 and completed its conversion to a stock savings bank on July 9, 2012. As of December 31, 2025, FS Bancorp had consolidated total assets of $3.2 billion, total loans receivable, net of $2.62 billion, total deposits of $2.67 billion, and total stockholders' equity of $307.7 million. The company's primary activity is holding the stock of 1st Security Bank and providing capital. 1st Security Bank is a community bank focused on relationships, serving local families, regional businesses, and specific industry sectors primarily in the Puget Sound and Pacific Northwest communities. The bank has served the Puget Sound area since 1907. It was originally chartered as a credit union named Washington's Credit Union, primarily serving select employment groups. On April 1, 2004, it converted to a Washington state-chartered mutual savings bank, and in July 2012, it became a Washington state-chartered stock savings bank and a wholly-owned subsidiary of FS Bancorp. As of December 31, 2025, the company's headquarters, which handles loans and deposits, is in Mountlake Terrace, Washington, with an administrative office in Aberdeen, Washington. The bank operates 27 full-service bank branches, with 22 in Washington state and five in Oregon state, and 13 loan production offices in suburban communities within the greater Puget Sound and Pacific Northwest area.