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FS Bancorp, Inc. FSBW Bank Owned Life Insurance

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Other financials

Income statement

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Revenue$1.2M-96.8%
Net income$7.8M-2.4%
EPS (diluted)$1.16+39.8%

Balance sheet

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Cash & equivalents$38.7M-38.3%
Total debt$172.9M+134%
Total equity$313.9M+5.0%
Total assets$3.2B+4.5%

Cash flow

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Operating cash flow$8.7M+6.6%
CapEx$273.0K-22.0%
Free cash flow$8.4M+7.8%

Valuation

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Market cap$316.6M+7.8%
Enterprise value$450.77M+47.8%
P/E9.6×+1.1×
P/S7.9×-0.7×

Profitability

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Net margin24.4%-1.2pp
FCF margin70%-67.3pp

Returns & leverage

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Return on equity10.8%-1.2pp
Debt / equity0.6×+0.3×

Where this comes from

Reported directly by FS Bancorp, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: FS Bancorp, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FS Bancorp, Inc.'s bank owned life insurance?
FS Bancorp, Inc. (FSBW) reported bank owned life insurance of $36.51M in Q1 2026.
How has FS Bancorp, Inc.'s bank owned life insurance changed year-over-year?
FS Bancorp, Inc.'s bank owned life insurance decreased by 5.9% year-over-year, from $38.78M to $36.51M.
What is the long-term trend for FS Bancorp, Inc.'s bank owned life insurance?
Over 5 years (2020 to 2025), FS Bancorp, Inc.'s bank owned life insurance has grown at a 0.0% compound annual growth rate (CAGR), from $36.23M to $36.25M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) represents life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. The cash surrender value of these policies is recorded as an asset, providing a tax-advantaged method to offset the costs of employee benefit plans. This metric reflects the institution's long-term strategy for managing non-interest expenses and diversifying its asset base.