FS Bancorp, Inc(NASDAQ:FSBW) 
FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offe...
Website: http://www.fsbwa.com
Founded: 1936
Full Time Employees: 473
Sector: Financial Services
Industry: Banks-Regional
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-06-30 | 2021-09-30 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
loans receivable, including fees | 46,012,000 | 46,877,000 | 46,664,000 | 45,038,000 | 43,303,000 | 43,654,000 | 43,800,000 | 42,406,000 | 40,997,000 | 38,216,000 | 23,520,000 | |
interest and dividends on investment securities, cash and cash equivalents, and interest-bearing deposits at other financial institutions | 3,321,000 | |||||||||||
total interest and dividend income | 49,333,000 | 50,783,000 | 50,973,000 | 48,703,000 | 46,788,000 | 46,974,000 | 47,043,000 | 45,940,000 | 44,880,000 | 40,867,000 | 25,007,000 | |
interest expense | ||||||||||||
deposits | 14,713,000 | 15,229,000 | 14,862,000 | 14,520,000 | 13,058,000 | 13,543,000 | 13,486,000 | 13,252,000 | 12,882,000 | 7,610,000 | 1,629,000 | |
borrowings | 1,384,000 | 1,446,000 | 1,935,000 | 1,585,000 | 2,263,000 | 1,831,000 | 1,828,000 | 1,801,000 | 1,167,000 | 1,219,000 | 227,000 | |
subordinated notes | 691,000 | 486,000 | 486,000 | 486,000 | 485,000 | 486,000 | 485,000 | 486,000 | 485,000 | 486,000 | 496,000 | |
total interest expense | 16,788,000 | 17,161,000 | 17,283,000 | 16,591,000 | 15,806,000 | 15,860,000 | 15,799,000 | 15,539,000 | 14,534,000 | 9,315,000 | 2,352,000 | |
net interest income | 32,545,000 | 33,622,000 | 33,690,000 | 32,112,000 | 30,982,000 | 31,114,000 | 31,244,000 | 30,401,000 | 30,346,000 | 31,552,000 | 22,655,000 | |
provision for credit losses | 2,529,000 | 3,624,000 | 2,309,000 | 2,021,000 | 1,592,000 | 1,522,000 | 1,513,000 | 1,077,000 | 1,399,000 | 716,000 | ||
net interest income after provision for credit losses | 30,016,000 | 29,998,000 | 31,381,000 | 30,091,000 | 29,390,000 | 29,592,000 | 29,731,000 | 29,324,000 | 28,947,000 | 30,836,000 | ||
noninterest income | ||||||||||||
service charges and fee income | 2,073,000 | 2,232,000 | 2,326,000 | 2,323,000 | 2,244,000 | 2,513,000 | 2,482,000 | 2,479,000 | 2,552,000 | 2,862,000 | 1,073,000 | |
gain on sale of loans | 2,384,000 | 2,169,000 | 2,439,000 | 1,972,000 | 1,700,000 | 1,733,000 | 2,523,000 | 2,463,000 | 1,947,000 | 6,885,000 | ||
earnings on cash surrender value of boli | 259,000 | 262,000 | 269,000 | 254,000 | 250,000 | 256,000 | 252,000 | 242,000 | 240,000 | 227,000 | 218,000 | |
other noninterest income | 685,000 | 1,724,000 | 560,000 | 621,000 | 932,000 | 108,000 | 558,000 | 533,000 | 264,000 | -203,000 | 222,000 | |
total noninterest income | 5,401,000 | 6,387,000 | 5,594,000 | 5,170,000 | 5,126,000 | 4,610,000 | 5,967,000 | 5,868,000 | 5,111,000 | 4,833,000 | 8,398,000 | |
noninterest expense | ||||||||||||
salaries and benefits | 14,854,000 | 14,744,000 | 14,415,000 | 14,088,000 | 14,533,000 | 14,172,000 | 13,985,000 | 13,378,000 | 13,557,000 | 13,513,000 | 12,790,000 | |
operations | 3,380,000 | 3,680,000 | 3,974,000 | 3,824,000 | 3,445,000 | 3,175,000 | 3,827,000 | 3,519,000 | 3,008,000 | 3,643,000 | 2,628,000 | |
occupancy | 1,876,000 | 1,889,000 | 1,744,000 | 1,780,000 | 1,717,000 | 1,821,000 | 1,662,000 | 1,669,000 | 1,705,000 | 1,562,000 | 1,227,000 | |
data processing | 1,594,000 | 1,846,000 | 1,784,000 | 2,137,000 | 2,045,000 | 2,252,000 | 2,156,000 | 2,058,000 | 1,958,000 | 1,683,000 | 1,309,000 | |
loan costs | 882,000 | 906,000 | 746,000 | 719,000 | 548,000 | 781,000 | 666,000 | 653,000 | 585,000 | 1,043,000 | 842,000 | |
professional and board fees | 1,014,000 | 1,213,000 | 1,093,000 | 1,155,000 | 1,186,000 | 1,038,000 | 1,223,000 | 888,000 | 923,000 | 657,000 | 757,000 | |
federal deposit insurance corporation (“fdic”) insurance | 627,000 | 626,000 | 592,000 | 554,000 | 538,000 | 490,000 | 533,000 | 450,000 | 532,000 | 591,000 | 120,000 | |
marketing and advertising | 309,000 | 371,000 | 259,000 | 398,000 | 221,000 | 329,000 | 377,000 | 377,000 | 227,000 | 430,000 | 177,000 | |
acquisition costs | 295,000 | |||||||||||
amortization of core deposit intangible | 744,000 | 766,000 | 787,000 | 809,000 | 831,000 | 876,000 | 897,000 | 919,000 | 941,000 | 1,023,000 | 177,000 | |
recovery of msrs | -55,000 | |||||||||||
total noninterest expense | 25,520,000 | 26,072,000 | 25,388,000 | 25,502,000 | 25,055,000 | 24,351,000 | 25,832,000 | 23,857,000 | 23,529,000 | 24,204,000 | 20,016,000 | |
income before provision for income taxes | 9,897,000 | 10,313,000 | 11,587,000 | 9,759,000 | 9,461,000 | 9,851,000 | 9,866,000 | 11,335,000 | 10,529,000 | 11,465,000 | 11,037,000 | |
provision for income taxes | 2,067,000 | 1,893,000 | 2,410,000 | 2,031,000 | 1,440,000 | 2,469,000 | -420,000 | 2,376,000 | 2,132,000 | 2,349,000 | 2,706,000 | |
net income | 7,830,000 | 8,420,000 | 9,177,000 | 7,728,000 | 8,021,000 | 7,382,000 | 10,286,000 | 8,959,000 | 8,397,000 | 9,116,000 | 8,331,000 | |
yoy | -2.38% | 14.06% | -10.78% | -13.74% | -4.48% | -19.02% | 23.47% | |||||
qoq | -7.01% | -8.25% | 18.75% | -3.65% | 8.66% | -28.23% | 14.81% | 6.69% | -7.89% | 9.42% | ||
basic earnings per share | 1.04 | 1.12 | 1.2 | 1 | 1.02 | 0.94 | 1.32 | 1.15 | 1.07 | 1.17 | 0.99 | |
diluted earnings per share | 1.02 | 1.11 | 1.18 | 0.99 | 1.01 | 0.91 | 1.29 | 1.13 | 1.06 | 1.16 | 0.97 | |
interest and dividends on investment securities, cash and cash equivalents, and certificates of deposit at other financial institutions | 3,906,000 | 4,309,000 | 3,665,000 | 3,485,000 | 3,320,000 | 3,243,000 | 3,534,000 | 3,883,000 | 2,651,000 | 1,487,000 | ||
gain on sale of msrs | 141,000 | 8,215,000 | ||||||||||
gain on sale of investment securities | -1,959,000 | 11,000 | 151,000 | |||||||||
(recovery) impairment of msrs | 5,750 | -6,000 | -9,000 | -54,000 | ||||||||
impairment (recovery) of msrs | 38,000 | |||||||||||
loss on sale of investment securities | -7,998,000 | |||||||||||
interest income | ||||||||||||
acquisition cost | 61,000 | |||||||||||
impairment of msrs | 136,250 | 506,000 | 93,000 | |||||||||
gain on sale of loans held for sale | 1,838,000 | |||||||||||
recovery of servicing rights | -2,000 | |||||||||||
provision for loan losses | ||||||||||||
net interest income after provision for loan losses | 22,655,000 | |||||||||||
loss on sale of oreo | ||||||||||||
oreo expenses | ||||||||||||
(recovery) impairment of servicing rights | -11,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-06-30 | 2021-09-30 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash and due from banks | 12,424,000 | 13,504,000 | 12,391,000 | 15,168,000 | 18,657,000 | 19,280,000 | 17,950,000 | 20,005,000 | 17,149,000 | 17,573,000 | 11,426,000 | 1,425,000 |
interest-bearing deposits at other financial institutions | 26,278,000 | 14,715,000 | 48,889,000 | 18,027,000 | 44,084,000 | 12,355,000 | 22,390,000 | 13,006,000 | 28,257,000 | 114,526,000 | 16,906,000 | 39,660,000 |
total cash and cash equivalents | 38,702,000 | 28,219,000 | 61,280,000 | 33,195,000 | 62,741,000 | 31,635,000 | 40,340,000 | 33,011,000 | 45,406,000 | 132,099,000 | 28,332,000 | |
securities available-for-sale, at fair value | 271,007,000 | 288,667,000 | 311,695,000 | 302,692,000 | 291,133,000 | 281,175,000 | 228,199,000 | 221,182,000 | 279,643,000 | 225,869,000 | 268,802,000 | 56,239,000 |
securities held-to-maturity, at amortized cost | 33,267,000 | 33,224,000 | 31,386,000 | 31,562,000 | 10,434,000 | |||||||
loans held for sale, at fair value | 56,275,000 | 43,705,000 | 38,579,000 | 53,630,000 | 31,038,000 | 27,835,000 | 49,373,000 | 53,811,000 | 49,957,000 | 16,714,000 | 118,106,000 | |
loans receivable, net of allowance for credit losses of 32,443 and 31,937 | 2,624,091,000 | |||||||||||
accrued interest receivable | 15,333,000 | 14,614,000 | 15,122,000 | 14,270,000 | 14,406,000 | 13,881,000 | 14,014,000 | 13,792,000 | 14,455,000 | 12,244,000 | 7,797,000 | 1,261,000 |
premises and equipment | 43,612,000 | 44,065,000 | 32,444,000 | 30,098,000 | 29,451,000 | 29,756,000 | 30,026,000 | 29,999,000 | 30,326,000 | 31,293,000 | 27,243,000 | 13,818,000 |
long-lived assets held for sale | 3,258,000 | 3,258,000 | ||||||||||
operating lease right-of-use (“rou”) assets | 5,472,000 | 5,789,000 | 6,832,000 | 7,969,000 | 4,979,000 | 5,378,000 | 5,365,000 | 5,784,000 | 6,202,000 | 7,458,000 | 4,875,000 | |
federal home loan bank (“fhlb”) stock, at cost | 8,701,000 | 7,971,000 | 7,975,000 | 11,579,000 | 5,256,000 | 15,621,000 | 9,504,000 | 10,322,000 | 2,909,000 | 6,555,000 | 4,871,000 | |
deferred tax asset | 7,175,000 | 6,993,000 | 6,767,000 | 7,782,000 | 7,009,000 | 7,059,000 | 4,222,000 | 4,590,000 | 4,832,000 | 5,784,000 | 303,000 | 816,000 |
bank owned life insurance (“boli”) | 36,508,000 | 36,249,000 | 38,531,000 | 38,262,000 | 38,778,000 | 38,528,000 | 38,453,000 | 38,201,000 | 37,958,000 | 37,247,000 | 36,873,000 | |
mortgage servicing rights (“msrs”), held at the lower of cost or fair value | 8,676,000 | 8,608,000 | 8,506,000 | 8,652,000 | 8,926,000 | 9,204,000 | 8,739,000 | 9,352,000 | 9,009,000 | |||
goodwill | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 3,592,000 | 2,312,000 | |
core deposit intangible | 9,774,000 | 10,518,000 | 11,284,000 | 12,071,000 | 12,879,000 | 13,710,000 | 14,586,000 | 15,483,000 | 16,402,000 | 19,325,000 | 4,220,000 | |
other assets | 38,072,000 | 38,203,000 | 35,231,000 | 38,139,000 | 43,105,000 | 39,670,000 | 39,642,000 | 23,912,000 | 21,958,000 | 23,604,000 | 11,138,000 | 3,556,000 |
total assets | 3,203,515,000 | 3,196,847,000 | 3,208,825,000 | 3,176,013,000 | 3,066,078,000 | 3,029,177,000 | 2,970,208,000 | 2,941,377,000 | 2,969,705,000 | 2,905,621,000 | 2,228,694,000 | 419,187,000 |
liabilities | ||||||||||||
deposits: | ||||||||||||
noninterest-bearing accounts | 653,691,000 | 658,123,000 | 665,852,000 | 654,069,000 | 676,706,000 | 638,158,000 | 657,753,000 | 623,349,000 | 646,899,000 | 675,211,000 | 446,606,000 | 45,783,000 |
interest-bearing accounts | 1,983,885,000 | 2,015,519,000 | 2,020,640,000 | 1,899,306,000 | 1,938,445,000 | 1,701,260,000 | 1,769,578,000 | 1,759,454,000 | 1,818,398,000 | 1,690,097,000 | 1,417,044,000 | 291,093,000 |
total deposits | 2,637,576,000 | 2,673,642,000 | 2,686,492,000 | 2,553,375,000 | 2,615,151,000 | 2,339,418,000 | 2,427,331,000 | 2,382,803,000 | 2,465,297,000 | 2,365,308,000 | 1,863,650,000 | 336,876,000 |
borrowings | 167,305,000 | 129,305,000 | 129,305,000 | 234,305,000 | 68,805,000 | 307,806,000 | 163,806,000 | 181,895,000 | 129,940,000 | 199,896,000 | 42,528,000 | 16,664,000 |
subordinated notes: | ||||||||||||
principal amount | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | |
unamortized debt issuance costs | -322,000 | -339,000 | -356,000 | -373,000 | -389,000 | -406,000 | -423,000 | -439,000 | -456,000 | -506,000 | -623,000 | |
total subordinated notes less unamortized debt issuance costs | 49,678,000 | 49,661,000 | 49,644,000 | 49,627,000 | 49,611,000 | 49,594,000 | 49,577,000 | 49,561,000 | 49,544,000 | 49,494,000 | 49,377,000 | |
operating lease liabilities | 5,570,000 | 5,889,000 | 6,993,000 | 8,138,000 | 5,149,000 | 5,556,000 | 5,548,000 | 5,979,000 | 6,410,000 | 7,690,000 | 5,097,000 | |
other liabilities | 29,534,000 | 30,656,000 | 35,880,000 | 33,365,000 | 28,522,000 | 31,036,000 | 35,044,000 | 37,113,000 | 40,582,000 | 33,300,000 | 27,589,000 | 3,334,000 |
total liabilities | 2,889,663,000 | 2,889,153,000 | 2,908,314,000 | 2,878,810,000 | 2,767,238,000 | 2,733,410,000 | 2,681,306,000 | 2,657,351,000 | 2,691,773,000 | 2,655,688,000 | 1,988,241,000 | 356,874,000 |
commitments and contingencies | ||||||||||||
stockholders’ equity | ||||||||||||
preferred stock, .01 par value... | ||||||||||||
common stock, .01 par value... | 75,000 | 75,000 | 75,000 | 76,000 | 77,000 | 78,000 | 78,000 | 77,000 | 78,000 | 77,000 | 82,000 | 32,000 |
additional paid-in capital | 43,668,000 | 43,251,000 | 43,907,000 | 48,418,000 | 52,806,000 | 55,716,000 | 55,264,000 | 55,834,000 | 57,552,000 | 56,781,000 | 68,481,000 | 30,097,000 |
retained earnings | 285,854,000 | 280,197,000 | 273,882,000 | 268,509,000 | 262,945,000 | 257,113,000 | 251,843,000 | 243,651,000 | 236,720,000 | 215,519,000 | 171,786,000 | 35,215,000 |
accumulated other comprehensive loss, net of tax | -15,745,000 | -15,829,000 | -17,353,000 | -19,800,000 | -16,988,000 | -17,140,000 | -18,283,000 | -15,536,000 | -16,418,000 | -22,444,000 | ||
total stockholders’ equity | 313,852,000 | 307,694,000 | 300,511,000 | 297,203,000 | 298,840,000 | 295,767,000 | 288,902,000 | 284,026,000 | 277,932,000 | 249,933,000 | 240,453,000 | |
total liabilities and stockholders’ equity | 3,203,515,000 | 3,196,847,000 | 3,208,825,000 | 3,176,013,000 | 3,066,078,000 | 3,029,177,000 | 2,970,208,000 | 2,941,377,000 | 2,969,705,000 | 2,905,621,000 | 2,228,694,000 | |
certificates of deposit at other financial institutions | 248,000 | 1,234,000 | 1,727,000 | 12,001,000 | 12,707,000 | 23,222,000 | 14,747,000 | 11,782,000 | ||||
loans receivable, net of allowance for credit losses of 31,937 and 31,870 | 2,623,172,000 | |||||||||||
loans receivable, net of allowance for credit losses of 30,056 and 31,870 | 2,599,601,000 | |||||||||||
loans receivable, net of allowance for credit losses of 32,189 and 31,870 | 2,582,272,000 | |||||||||||
loans receivable, net of allowance for credit losses of 31,653 and 31,870 | 2,501,117,000 | |||||||||||
securities held-to-maturity, net of allowance for credit losses of 45 | 8,455,000 | 8,455,000 | 8,455,000 | |||||||||
loans receivable, net of allowance for credit losses of 31,870 and 31,534 | 2,501,951,000 | |||||||||||
msrs held for sale, held at the lower of cost or fair value | ||||||||||||
loans receivable, net of allowance for credit losses of 31,232 and 31,534 | 2,463,697,000 | |||||||||||
loans receivable, net of allowance for credit losses of 31,238 and 31,534 | 2,457,184,000 | |||||||||||
securities held-to-maturity, net of allowance for credit losses of 45 and 45 | 8,455,000 | |||||||||||
loans receivable, net of allowance for credit losses of 31,479 and 31,534 | 2,415,379,000 | |||||||||||
securities held-to-maturity, net of allowance for credit losses of 31 and 31, respectively | 8,469,000 | |||||||||||
loans receivable | 2,342,424,000 | 1,678,043,000 | 281,081,000 | |||||||||
other real estate owned | 570,000 | 2,075,000 | ||||||||||
servicing rights, held at the lower of cost or fair value | 17,627,000 | 16,497,000 | ||||||||||
securities held-to-maturity | 7,500,000 | |||||||||||
deferred tax liability | ||||||||||||
accumulated other comprehensive income, net of tax | 198,000 | |||||||||||
unearned shares – employee stock ownership plan | -94,000 | |||||||||||
assets | ||||||||||||
federal home loan bank stock, at cost | 1,702,000 | |||||||||||
loans held for sale | 11,185,000 | |||||||||||
bank owned life insurance | 6,369,000 | |||||||||||
deposits | ||||||||||||
stockholders' equity | ||||||||||||
accumulated other comprehensive income | -898,000 | |||||||||||
unearned shares - employee stock ownership plan | -2,133,000 | |||||||||||
total stockholders' equity | 62,313,000 | |||||||||||
total liabilities and stockholders' equity | 419,187,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|
net income | 7,830,000 | 8,420,000 | 9,177,000 | 7,728,000 | 8,021,000 | 7,382,000 | 10,286,000 | 8,959,000 | 8,397,000 |
adjustments to reconcile net income to net cash from operating activities | |||||||||
provision for credit losses | 2,529,000 | 3,624,000 | 2,309,000 | 2,021,000 | 1,592,000 | 1,522,000 | 1,513,000 | 1,077,000 | 1,399,000 |
depreciation, amortization and accretion | 2,278,000 | 2,491,000 | 3,188,000 | 3,919,000 | 2,337,000 | 2,618,000 | 2,174,000 | 2,939,000 | 2,835,000 |
compensation expense related to stock options and restricted stock awards | 627,000 | 633,000 | 583,000 | 526,000 | 512,000 | 558,000 | 464,000 | 389,000 | 395,000 |
earnings on cash surrender value of boli | -259,000 | -262,000 | -268,000 | -255,000 | -250,000 | ||||
gain on sale of loans held for sale | -2,384,000 | -2,169,000 | -2,439,000 | -1,972,000 | -1,700,000 | -1,733,000 | -2,523,000 | -2,463,000 | -1,838,000 |
change in fair value on portfolio loans measured under the fair value option | 101,000 | -65,000 | -203,000 | -3,000 | -263,000 | ||||
origination of loans held for sale | -158,613,000 | -173,745,000 | -128,911,000 | -140,592,000 | -84,728,000 | -108,951,000 | -155,514,000 | -161,604,000 | -109,554,000 |
proceeds from sale of loans held for sale | 155,758,000 | 181,564,000 | 157,774,000 | 128,812,000 | 93,068,000 | 140,866,000 | 169,250,000 | 166,297,000 | 94,874,000 |
gain on purchase of tax credits | 0 | 0 | 0 | -660,000 | -15,000 | ||||
purchase of tax credits | 0 | 0 | 0 | -7,587,000 | -210,000 | ||||
recovery of msrs | -55,000 | ||||||||
changes in operating assets and liabilities | |||||||||
accrued interest receivable | -719,000 | 508,000 | -852,000 | 136,000 | -525,000 | 133,000 | -222,000 | 663,000 | -450,000 |
other assets | 1,737,000 | -3,485,000 | 2,688,000 | 3,526,000 | 1,932,000 | 4,293,000 | 5,834,000 | -1,580,000 | -496,000 |
other liabilities | -118,000 | -4,872,000 | 1,596,000 | 3,262,000 | -3,564,000 | -2,520,000 | -3,724,000 | -4,136,000 | 5,079,000 |
net cash from operating activities | 8,712,000 | 12,355,000 | 44,636,000 | 7,146,000 | 8,176,000 | 41,081,000 | -629,000 | 10,094,000 | 277,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 8,712,000 | 12,355,000 | 44,636,000 | 7,146,000 | 8,176,000 | 41,081,000 | -629,000 | 10,094,000 | 277,000 |
cash flows from (used by) investing activities | |||||||||
activity in securities available-for-sale: | |||||||||
maturities, prepayments, and calls | 20,961,000 | 31,943,000 | 9,442,000 | 19,896,000 | 6,278,000 | 4,313,000 | 4,357,000 | 4,753,000 | 4,293,000 |
purchases | -5,195,000 | -7,412,000 | -15,184,000 | -33,491,000 | -13,049,000 | -62,611,000 | -9,720,000 | 0 | -38,009,000 |
activity in securities held-to-maturity: | |||||||||
maturities of certificates of deposit at other financial institutions | 0 | 248,000 | 986,000 | 493,000 | 10,274,000 | 2,194,000 | 10,755,000 | 1,925,000 | |
portfolio loan originations and principal collections | -11,726,000 | -38,216,000 | -33,408,000 | -88,684,000 | -9,916,000 | -35,968,000 | 7,425,000 | -37,072,000 | -8,226,000 |
purchase of portfolio loans | -383,000 | -542,000 | 0 | -13,328,000 | -21,891,000 | -12,716,000 | -15,492,000 | ||
purchase of premises and equipment | -273,000 | -15,709,000 | -3,023,000 | -1,292,000 | -350,000 | -382,000 | -621,000 | -275,000 | -357,000 |
change in fhlb stock | -730,000 | 4,000 | 3,604,000 | -6,323,000 | 10,365,000 | -6,117,000 | 818,000 | -7,413,000 | -795,000 |
capital contributions to affordable housing tax credit investments | -452,000 | ||||||||
net cash from (used by) investing activities | 2,227,000 | ||||||||
cash flows (used by) from financing activities | |||||||||
net increase in deposits | -36,073,000 | -12,858,000 | 133,110,000 | -61,785,000 | 275,722,000 | ||||
proceeds from borrowings | 105,000,000 | 323,501,000 | 12,436,000 | 461,001,000 | 152,999,000 | 260,001,000 | 149,964,000 | 382,804,000 | 175,000,000 |
repayments of borrowings | -67,000,000 | -323,501,000 | -117,436,000 | -295,501,000 | -392,000,000 | -116,001,000 | -168,053,000 | -330,849,000 | -138,806,000 |
dividends paid on common stock | -2,173,000 | -2,105,000 | -3,804,000 | -2,164,000 | -2,189,000 | -2,112,000 | -2,094,000 | -2,028,000 | -2,031,000 |
common stock repurchased for employee/director taxes paid on restricted stock awards | 27,000 | 0 | 0 | ||||||
issuance of common stock - employee stock purchase plan | 383,000 | 285,000 | 287,000 | 314,000 | 336,000 | 243,000 | 252,000 | 278,000 | 302,000 |
common stock repurchased | -620,000 | -1,537,000 | -4,898,000 | -5,229,000 | -3,759,000 | 0 | -147,000 | ||
net cash (used by) from financing activities | -456,000 | ||||||||
net increase in cash and cash equivalents | 10,483,000 | -33,061,000 | 28,085,000 | -29,546,000 | 31,106,000 | -8,705,000 | 7,329,000 | -12,395,000 | -20,285,000 |
cash and cash equivalents, beginning of period | 28,219,000 | 0 | 0 | 31,635,000 | 0 | 0 | 65,691,000 | ||
cash and cash equivalents, end of period | 38,702,000 | 28,085,000 | -29,546,000 | 62,741,000 | 7,329,000 | -12,395,000 | 45,406,000 | ||
benefit for deferred income taxes | |||||||||
gain on sale of portfolio loans | |||||||||
gain on sale of msrs | 0 | -141,000 | 0 | -8,215,000 | |||||
loss on sale of investment securities | 0 | -11,000 | -151,000 | 7,998,000 | |||||
loss on disposal of fixed assets | |||||||||
impairment (recovery) of msrs | |||||||||
gain on sale of oreo | |||||||||
cash flows (used by) from investing activities | |||||||||
proceeds from sale of investment securities | 0 | 3,448,000 | 54,423,000 | 44,036,000 | |||||
purchase of certificates of deposit at other financial institutions | 0 | -1,488,000 | -240,000 | -980,000 | |||||
net cash from acquisitions | |||||||||
proceeds from sale of msrs | -2,000 | ||||||||
proceeds from sale of portfolio loans | 0 | ||||||||
proceeds from sale of oreo | |||||||||
proceeds from bank owned life insurance death benefits | 2,543,000 | 0 | |||||||
net cash (used by) from investing activities | -133,328,000 | -8,179,000 | -103,640,000 | ||||||
cash flows from (used by) financing activities | |||||||||
disbursements from stock options exercised | -37,000 | ||||||||
net cash from (used by) financing activities | -16,252,000 | 19,211,000 | 96,636,000 | 31,109,000 | |||||
cash and cash equivalents, beginning of year | |||||||||
cash and cash equivalents, end of year | |||||||||
impairment of msrs | 506,000 | -54,000 | 93,000 | ||||||
cash flows used by investing activities | |||||||||
net cash used by investing activities | |||||||||
(recovery) impairment of msrs | 38,000 | -9,000 | |||||||
change in cash surrender value of boli | -256,000 | -252,000 | -242,000 | -240,000 | |||||
(disbursements) proceeds from stock options exercised | -349,000 | -752,000 | -25,000 | -507,000 | |||||
cash flows used by financing activities | |||||||||
net decrease in deposits | 44,509,000 | -82,523,000 | -57,083,000 | ||||||
net cash used by financing activities | 23,293,000 | -34,704,000 | -23,125,000 | ||||||
cash flows from investing activities | |||||||||
proceeds from sale of mortgage servicing rights | 0 | 16,168,000 | |||||||
net cash from investing activities | 12,215,000 | 2,563,000 | |||||||
cash flows from operating activities | |||||||||
provision for loan losses | |||||||||
esop compensation expense for allocated shares | |||||||||
provision for deferred income taxes | |||||||||
valuation allowance on deferred income taxes | |||||||||
increase in cash surrender value of boli | |||||||||
gain on sale of loans and loans held for sale | |||||||||
gain on sale of portfolio loans, net of reserve | |||||||||
gain on sale of investment securities | |||||||||
impairment (recovery) of servicing rights | |||||||||
impairment loss on oreo | |||||||||
net cash from (used by) operating activities | |||||||||
maturities, prepayments, sales, and calls | |||||||||
net increase in interest-bearing certificates of deposit | |||||||||
loan originations and principal collections | |||||||||
purchase bank owned life insurance | |||||||||
cash flows from financing activities | |||||||||
dividends paid | |||||||||
purchase of esop shares | |||||||||
proceeds from issuance of common stock | |||||||||
net cash from financing activities |