Tranche Update on FS Bancorp, Inc.'s Equity Buyback Plan announced on September 17, 2020.
January 28, 2021 at 02:35 pm
Share
From October 1, 2020 to December 31, 2020, the company has repurchased 25,135 shares, representing 0.61% for $1.13 million. With this, the company has completed the repurchase of 34,543 shares, representing 0.83% for $1.5 million under the buyback announced on September 17, 2020.
FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington (the Bank). The Bank provides loan and deposit services to customers who are predominantly small- and middle-market businesses and individuals in Washington and Oregon. The Bank has two segments: commercial and consumer banking and home lending. The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through the Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products, residential, consumer, business and commercial real estate lending portfolios, and cash management services. The home lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary markets, as well as loans held for investment. A majority of these mortgage loans are sold to or securitized by FNMA, FHLMC, GNMA or the FHLB of Des Moines.
FS BANCORP, INC. 
