FS Bancorp, Inc. filings document the company’s SEC reporting as the holding company for 1st Security Bank of Washington. Recent 8-K reports furnish earnings releases, investor presentation materials, dividend actions, corrections to event disclosures, and share repurchase authorizations tied to the company’s common stock.
Proxy materials describe annual meeting matters, executive compensation, equity award information, and other governance disclosures. The filing record also reflects the company’s banking segments, capital actions, Regulation FD disclosures, and formal exhibits related to its commercial and consumer banking and home lending operations.
FS Bancorp, Inc. CCO/EVP Robert A. Nesbitt recorded a small acquisition of company stock through a compensation plan. A Form 4 shows an "other" transaction of 14 shares of common stock at $41.37 per share, purchased under the issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.
Following this transaction, the filing lists 211 directly held shares tied to this account, 4,347 additional directly held shares, and 1,313 indirectly held shares through an ESOP. The activity appears routine and compensation-related rather than an open‑market trade.
FS Bancorp, Inc. reported first‑quarter 2026 net income of $7.8 million, slightly below $8.0 million a year earlier, as higher credit costs offset stronger interest income. Net interest income rose to $32.5 million, supported by loan yields, while total assets were $3.20 billion and deposits $2.64 billion.
The provision for credit losses increased to $2.5 million, driven mainly by elevated net charge‑offs in indirect home improvement consumer loans. The allowance for credit losses on loans reached $32.4 million. Capital remained solid, with stockholders’ equity of $313.9 million.
On February 25, 2026, FS Bancorp announced a definitive agreement to acquire Pacific West Bancorp in a stock‑and‑cash transaction valued at approximately $34.6 million, subject to regulatory and Pacific West shareholder approvals, aiming to expand its community banking footprint.
FS Bancorp, Inc. executive Donn C. Costa, Chief Home Lending EVP, reported an internal equity transaction involving the company’s stock. On the reported date, 330 shares of common stock were purchased at $41.37 per share under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component. The filing also lists 9,307 shares held indirectly through an ESOP and 76,172 shares held directly as of the transaction date.
FS Bancorp, Inc. executive Matthew D. Mullet, President and CEO of 1st Security Bank, reported an insider transaction involving the company’s Nonqualified 2022 Stock Purchase Plan. He acquired 218 shares of common stock at $41.37 per share under the plan, which the footnote states includes a 25% company match.
Following this plan transaction, Mullet directly held 1,622 shares in that account and also directly held 106,340 shares of common stock in a separate direct holding. Indirect holdings reported include 22,124 shares held by an IRA, 5,600 shares held by his spouse’s IRA, and 10,853 shares held through an ESOP.
FS Bancorp, Inc. director Michael J. Mansfield reported an internal share transaction involving the company’s Common Stock. He acquired 423 shares at $41.37 per share under the issuer’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component. Following this plan purchase, one reported direct account shows 5,023 shares. Separate entries show additional holdings of 69,682 directly held shares and 14,620 shares held indirectly through an IRA, highlighting that the filing primarily updates Mansfield’s ownership positions rather than reflecting an open-market trade.
FS Bancorp, Inc. Chairman of the Board Ted A. Leech reported an insider transaction involving the company’s common stock. On May 6, 2026, he recorded an “other” transaction (code J) for 212 shares at $41.37 per share, which the footnote explains were purchased under the issuer’s Nonqualified 2022 Stock Purchase Plan that includes a 25% match. Following this transaction, he directly holds 423 shares and indirectly holds 78,485 shares through a self-managed trust.
FS Bancorp, Inc. director Marina Cofer-Wildsmith reported plan-based share activity. On May 6, 2026, she acquired 393 shares of common stock at $41.37 per share in a transaction coded “J,” described as an other acquisition or disposition.
According to a footnote, these shares were purchased under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan and include a 25% company match. Following this transaction, one reported direct holding line shows 836 shares of common stock.
FS Bancorp, Inc. executive Victoria Jarman reported an update to her holdings of the company’s common stock. On May 6, 2026, she completed an “other” transaction involving 91 shares of common stock at $41.37 per share.
According to a footnote, these shares were purchased under the company’s Nonqualified 2022 Stock Purchase Plan and include a 25% matching component, indicating a compensation-related, non–open-market acquisition. The filing also reflects both direct and indirect ownership positions, including shares held through an ESOP.
FS Bancorp, Inc. director Joseph P. Zavaglia recorded a small share acquisition through a company stock purchase plan. He acquired 60 shares of common stock at $41.37 per share under the Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match. After this transaction, he directly holds 727 common shares and has additional direct holdings of 6,456 shares. He also indirectly owns 9,614 shares through an IRA, giving him a modest overall equity stake aligned with the issuer’s stock-based programs rather than open-market trading.
FS Bancorp, Inc. Chief Financial Officer Phillip Dean Whittington reported a routine equity transaction involving company common stock. He acquired 91 shares of FS Bancorp common stock on May 6, 2026 at $41.37 per share through the issuer's Nonqualified 2022 Stock Purchase Plan, which the note explains includes a 25% match. Following this plan purchase, his directly held position related to this transaction increased to 591 shares of common stock, and he also held 234 shares indirectly through an ESOP, reflecting ongoing equity-based participation rather than an open-market trade.