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FSBW (FS Bancorp) Property, Plant and Equipment : $35.4 Mil (As of Sep. 2024)


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What is FS Bancorp Property, Plant and Equipment?

FS Bancorp's quarterly net PPE declined from Mar. 2024 ($36.5 Mil) to Jun. 2024 ($35.8 Mil) and declined from Jun. 2024 ($35.8 Mil) to Sep. 2024 ($35.4 Mil).

FS Bancorp's annual net PPE increased from Dec. 2021 ($31.1 Mil) to Dec. 2022 ($31.3 Mil) and increased from Dec. 2022 ($31.3 Mil) to Dec. 2023 ($37.2 Mil).


FS Bancorp Property, Plant and Equipment Historical Data

The historical data trend for FS Bancorp's Property, Plant and Equipment 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.

* Premium members only.

FS Bancorp Property, Plant and Equipment Chart

FS Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.79 32.29 31.15 31.35 37.21

FS Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.97 37.21 36.53 35.78 35.39

FS Bancorp Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


FS Bancorp  (NAS:FSBW) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


FS Bancorp Property, Plant and Equipment Related Terms

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FS Bancorp Business Description

Industry
Traded in Other Exchanges
N/A
Address
6920 220th Street South West, Mountlake Terrace, WA, USA, 98043
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. The company 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