Company Overview
General information about the FS Bancorp company
FS Bancorp is a financial holding company that operates through its subsidiary, 1st Security Bank of Washington. The company was founded in 1935 and is headquartered in Mountlake Terrace, Washington.
1st Security Bank of Washington is a state-chartered bank that provides a range of banking and financial services to individuals, small business owners, and commercial clients in the Pacific Northwest region. These services include personal and business checking and savings accounts, home and business loans, credit cards, and wealth management services.
In addition to its banking services, FS Bancorp also offers insurance products and services through its subsidiary, 1st Security Insurance Services, Inc. This subsidiary provides personal and commercial insurance products such as auto, home, life, and business insurance.
FS Bancorp is publicly traded on the NASDAQ stock exchange under the ticker symbol FSBW and is a member of the Russell 2000 index.
The company prides itself on its community involvement and charitable giving, supporting various non-profit organizations and initiatives in the communities it serves. It also promotes diversity and inclusivity in its workforce and has a commitment to sustainability and environmental responsibility.
In 2021, FS Bancorp was ranked #2 on Forbesβ list of Americaβs Best Banks in Washington State, and #5 in their list of Americaβs Best Midsize Employers.
What is special about the FS Bancorp company?
1. Strong Focus on Community Banking: FS Bancorp is a community bank holding company that focuses on serving the financial needs of individuals and small to medium-sized businesses in the local communities it serves.
2. Consistent Growth and Financial Performance: The company has a track record of consistent growth and strong financial performance, with increasing revenues, profits, and assets over the years.
3. Diversified Operations: FS Bancorp operates through multiple subsidiaries, including flagship bank 1st Security Bank of Washington, which provides a diversified range of financial products and services to its customers.
4. Strong Credit Quality: The company has maintained strong credit quality, with low levels of non-performing assets and a high proportion of performing loans in its portfolio.
5. Focused Leadership: The companyβs leadership team has a deep understanding of the local markets and is committed to providing personalized and attentive service to its customers.
6. Commitment to Innovation and Technology: FS Bancorp has prioritized investment in technology and innovation, allowing it to provide modern, convenient, and secure banking services to its customers.
7. Socially Responsible: The company is committed to giving back to the communities it serves and supports various social and community initiatives through its charitable foundation.
8. Strong Corporate Governance: FS Bancorp has a strong commitment to corporate governance, with an experienced and independent board of directors and transparent policies and procedures in place.
9. Award-Winning Company: The company has received several awards and accolades for its financial performance, community involvement, and workplace culture.
10. Strong Financial Position: FS Bancorp has a strong balance sheet, with a healthy amount of capital and liquidity, making it well-positioned to navigate economic downturns and pursue growth opportunities.
Interesting facts about the FS Bancorp company
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SWOT analysis of the FS Bancorp company
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ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxNnB4 OyBmb250LX NpemU6IDE0 cHg7IGNvbG 9yOiAjNDQ0 OyBmb250LW ZhbWlseTog LWFwcGxlLX N5c3RlbSwg QmxpbmtNYW NTeXN0ZW1G b250LCBTZW dvZSBVSSwg Um9ib3RvLC BIZWx2ZXRp Y2EgTmV1ZS wgc2Fucy1z ZXJpZjsgbG luZS1oZWln aHQ6IDEuNj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgSGF2ZSB5 b3UgaGVhcm QgYWJvdXQg b3VyIHNob3 J0IDxzdHJv bmcgc3R5bG U9J2ZvbnQt d2VpZ2h0Oi A2MDA7Jz5E YWlseSBWaW RlbyBOZXdz bGV0dGVyPC 9zdHJvbmc+ PwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naHR0cHM6 Ly93d3cuaW 5zaWdodGZ1 bHZhbHVlLm NvbS9uZXdz bGV0dGVyLn BocCcgdGFy Z2V0PSdfYm xhbmsnIHN0 eWxlPSdjb2 xvcjogIzAw N0JGRjsgdG V4dC1kZWNv cmF0aW9uOi Bub25lOyBm b250LXdlaW dodDogNTAw OyBtYXJnaW 4tbGVmdDog NnB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgRmluZCBv dXQgbW9yZQ ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgLS 0+CiAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg IA==
Porter's Five Forces analysis for the FS Bancorp company
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What is the FS Bancorp company's business model?
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What is the FS Bancorp company's unique selling proposition?
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How does the FS Bancorp company differentiate itself in the market?
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What challenges did the FS Bancorp company face in the recent years?
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