Exhibit 21

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Subsidiaries of the Registrant

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Parent

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FS Bancorp, Inc.

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Subsidiaries (a)

  

Percentage

of Ownership

  

Jurisdiction or

State of Incorporation
         

1st Security Bank of Washington (b)

  

100%

  

Washington

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(a)

The operation of the Company’s wholly owned subsidiary is included in the Company’s Consolidated Financial Statements contained in Item 8 of this report on Form 10-K.

 

(b)

FS Service Corporation, a wholly owned subsidiary, which is inactive.

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