FS Bancorp (FS Bancorp) Credit Losses Provision : $4.8 Mil (As of Dec. 2023)

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What is FS Bancorp Credit Losses Provision?

FS Bancorp's credit losses provision for the three months ended in Dec. 2023 was $1.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $4.8 Mil.

FS Bancorp's quarterly credit losses provision declined from Jun. 2023 ($0.7 Mil) to Sep. 2023 ($0.5 Mil) but then increased from Sep. 2023 ($0.5 Mil) to Dec. 2023 ($1.4 Mil).

FS Bancorp's annual credit losses provision increased from Dec. 2021 ($0.5 Mil) to Dec. 2022 ($6.2 Mil) but then declined from Dec. 2022 ($6.2 Mil) to Dec. 2023 ($4.8 Mil).

FS Bancorp Credit Losses Provision Historical Data

The historical data trend for FS Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FS Bancorp Credit Losses Provision Chart

FS Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.88

13.04

0.50

6.22

4.77

FS Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															1.59	2.11	0.72	0.55	1.40

FS Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.8 Mil.

FS Bancorp (FS Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FS Bancorp Inc (NAS:FSBW) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

6920 220th Street South West, Mountlake Terrace, WA, USA, 98043

Website

https://www.fsbwa.com

FS Bancorp Inc is the holding company of 1st Security Bank, a diversified lender with a focus on the origination of commercial real estate, one-to-four-family, and home equity loans, consumer loans, including a variety of indirect home improvement (fixture secured loans), and marine loans, and commercial business loans. It has two operating segments; The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through Bank branches, automated teller machines, online banking platforms, mobile banking apps, and telephone banking, and The home lending segment originates one-to-four-family residential mortgage loans for sale in the secondary markets as well as loans held for investment.

Executives

Robert B Fuller	officer: Chief Credit Officer	111 NORTH WALL STREET, SPOKANE WA 99201
Stephanie Nicklaus	officer: Chief Credit Officer	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Pamela Marie Andrews	director	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Fs Bancorp, Inc.	officer: Chief Credit Officer	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Ben Crowl	officer: Chief Lending Officer	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Shana Allen	officer: EVP, Chief Information Officer	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Joseph P. Zavaglia	director	C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Mark Tueffers	director, other: Director of the Bank	6920 220TH STREET, SUITE 300, MOUNT LAKE TERRACE WA 98043
Margaret R. Piesik	director	C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Dennis V O'leary	officer: Chief Lending Officer	6920 220TH STREET, SW, MOUNT LAKE TERRACE WA 98043
Donn C Costa	officer: Executive VP Home Lending	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Joseph C. Adams	director, officer: Chief Executive Officer	C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Lisa Cleary	officer: Chief Operating Officer	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Marina Cofer-wildsmith	director	C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Erin Burr	officer: CRO, CRA Officer, EVP	6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043