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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Average
Summary
Compensation
Table Total
for non-PEO
NEOs ($)(1)
​ ​ ​ ​ ​ ​ ​ ​
Value of Initial Fixed $100
Investment Based on:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Year
​ ​
Summary
Compensation
Table Total
for PEO
($)(1)
​ ​
Compensation
Actually Paid
to PEO ($)(2)
​ ​
Average
Compensation
Actually Paid
to non-PEO
NEOs ($)(2)
​ ​
Total
Shareholder
Return
($)(3)
​ ​
Peer Group
Total
Shareholder
Return
($)(3)
​ ​
Net
Income
($ in millions)
​ ​
Return
on
Assets (%)(4)
​
2023 ​ ​ ​ ​ 1,373,368 ​ ​ ​ ​ ​ 1,330,694 ​ ​ ​ ​ ​ 630,571 ​ ​ ​ ​ ​ 852,623 ​ ​ ​ ​ ​ 127.72 ​ ​ ​ ​ ​ 112.03 ​ ​ ​ ​ ​ 36.1 ​ ​ ​ ​ ​ 1.27 ​ ​
2022 ​ ​ ​ ​ 1,364,828 ​ ​ ​ ​ ​ 1,246,692 ​ ​ ​ ​ ​ 562,879 ​ ​ ​ ​ ​ 453,130 ​ ​ ​ ​ ​ 111.93 ​ ​ ​ ​ ​ 111.46 ​ ​ ​ ​ ​ 29.6 ​ ​ ​ ​ ​ 1.22 ​ ​
2021 ​ ​ ​ ​ 1,876,843 ​ ​ ​ ​ ​ 2,345,458 ​ ​ ​ ​ ​ 1,362,986 ​ ​ ​ ​ ​ 1,921,658 ​ ​ ​ ​ ​ 109.29 ​ ​ ​ ​ ​ 126.43 ​ ​ ​ ​ ​ 37.4 ​ ​ ​ ​ ​ 1.71 ​ ​
2020 ​ ​ ​ ​ 1,801,481 ​ ​ ​ ​ ​ 1,322,596 ​ ​ ​ ​ ​ 1,611,519 ​ ​ ​ ​ ​ 1,248,859 ​ ​ ​ ​ ​ 87.59 ​ ​ ​ ​ ​ 90.82 ​ ​ ​ ​ ​ 39.3 ​ ​ ​ ​ ​ 2.02 ​ ​
​
(1)
The PEO for 2023, 2022, 2021 and 2020 is Joseph C. Adams. The non-PEO NEOs for 2023 are Matthew D. Mullet, Donn C. Costa, Shana Allen, Kelli Nielsen and Dennis V. O’Leary. The non-PEO NEOs for 2022 are Matthew D. Mullet, Dennis V. O’Leary, Robert B. Fuller and Donn C. Costa. In 2021 and 2020, FS Bancorp was a smaller reporting company. The non-PEO NEOs for 2021 are Dennis V. O’Leary and Donn C. Costa. The non-PEO NEOs for 2020 are Matthew D. Mullet and Donn C. Costa.
​
(2)
The following amounts were deducted from/added to summary compensation table total compensation in accordance with the SEC-mandated adjustments to calculate compensation actually paid for the year ended December 31, 2023. The fair value of stock awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.
​
​ ​ ​
PEO ($)
​ ​
Average for non-
PEO NEOs ($)
​
Summary compensation table total ​ ​ ​ ​ 1,373,368 ​ ​ ​ ​ ​ 630,571 ​ ​
Deduct grant date fair value of equity awards granted in fiscal year ​ ​ ​ ​ (348,335) ​ ​ ​ ​ ​ (524,233) ​ ​
Add fair value at fiscal year end of outstanding and unvested equity awards granted in fiscal year
​ ​ ​ ​ 464,581 ​ ​ ​ ​ ​ 696,329 ​ ​
Add change in fair value of outstanding and unvested equity awards granted in prior fiscal years
​ ​ ​ ​ (79,334) ​ ​ ​ ​ ​ 197,347 ​ ​
Add change in fair value as of vesting date of equity awards granted in prior fiscal years for which applicable vesting conditions were satisfied during the fiscal year
​ ​ ​ ​ (79,586) ​ ​ ​ ​ ​ (147,392) ​ ​
Compensation actually paid ​ ​ ​ ​ 1,330,694 ​ ​ ​ ​ ​ 852,623 ​ ​
​
(3)
Total Shareholder Return (“TSR”) assumes $100 invested in FS Bancorp common stock and the S&P U.S. SmallCap Banks Index on December 31, 2019 with all dividends reinvested.
​
(4)
We determined that return on assets is the most important financial measure used to link compensation actually paid to our NEOs for the most recently completed fiscal year to company performance.
     
Company Selected Measure Name Return on Assets      
Named Executive Officers, Footnote
(1)
The PEO for 2023, 2022, 2021 and 2020 is Joseph C. Adams. The non-PEO NEOs for 2023 are Matthew D. Mullet, Donn C. Costa, Shana Allen, Kelli Nielsen and Dennis V. O’Leary. The non-PEO NEOs for 2022 are Matthew D. Mullet, Dennis V. O’Leary, Robert B. Fuller and Donn C. Costa. In 2021 and 2020, FS Bancorp was a smaller reporting company. The non-PEO NEOs for 2021 are Dennis V. O’Leary and Donn C. Costa. The non-PEO NEOs for 2020 are Matthew D. Mullet and Donn C. Costa.
     
Peer Group Issuers, Footnote
(3)
Total Shareholder Return (“TSR”) assumes $100 invested in FS Bancorp common stock and the S&P U.S. SmallCap Banks Index on December 31, 2019 with all dividends reinvested.
     
PEO Total Compensation Amount $ 1,373,368 $ 1,364,828 $ 1,876,843 $ 1,801,481
PEO Actually Paid Compensation Amount $ 1,330,694 1,246,692 2,345,458 1,322,596
Adjustment To PEO Compensation, Footnote
(2)
The following amounts were deducted from/added to summary compensation table total compensation in accordance with the SEC-mandated adjustments to calculate compensation actually paid for the year ended December 31, 2023. The fair value of stock awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.
​
​ ​ ​
PEO ($)
​ ​
Average for non-
PEO NEOs ($)
​
Summary compensation table total ​ ​ ​ ​ 1,373,368 ​ ​ ​ ​ ​ 630,571 ​ ​
Deduct grant date fair value of equity awards granted in fiscal year ​ ​ ​ ​ (348,335) ​ ​ ​ ​ ​ (524,233) ​ ​
Add fair value at fiscal year end of outstanding and unvested equity awards granted in fiscal year
​ ​ ​ ​ 464,581 ​ ​ ​ ​ ​ 696,329 ​ ​
Add change in fair value of outstanding and unvested equity awards granted in prior fiscal years
​ ​ ​ ​ (79,334) ​ ​ ​ ​ ​ 197,347 ​ ​
Add change in fair value as of vesting date of equity awards granted in prior fiscal years for which applicable vesting conditions were satisfied during the fiscal year
​ ​ ​ ​ (79,586) ​ ​ ​ ​ ​ (147,392) ​ ​
Compensation actually paid ​ ​ ​ ​ 1,330,694 ​ ​ ​ ​ ​ 852,623 ​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 630,571 562,879 1,362,986 1,611,519
Non-PEO NEO Average Compensation Actually Paid Amount $ 852,623 453,130 1,921,658 1,248,859
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The following amounts were deducted from/added to summary compensation table total compensation in accordance with the SEC-mandated adjustments to calculate compensation actually paid for the year ended December 31, 2023. The fair value of stock awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.
​
​ ​ ​
PEO ($)
​ ​
Average for non-
PEO NEOs ($)
​
Summary compensation table total ​ ​ ​ ​ 1,373,368 ​ ​ ​ ​ ​ 630,571 ​ ​
Deduct grant date fair value of equity awards granted in fiscal year ​ ​ ​ ​ (348,335) ​ ​ ​ ​ ​ (524,233) ​ ​
Add fair value at fiscal year end of outstanding and unvested equity awards granted in fiscal year
​ ​ ​ ​ 464,581 ​ ​ ​ ​ ​ 696,329 ​ ​
Add change in fair value of outstanding and unvested equity awards granted in prior fiscal years
​ ​ ​ ​ (79,334) ​ ​ ​ ​ ​ 197,347 ​ ​
Add change in fair value as of vesting date of equity awards granted in prior fiscal years for which applicable vesting conditions were satisfied during the fiscal year
​ ​ ​ ​ (79,586) ​ ​ ​ ​ ​ (147,392) ​ ​
Compensation actually paid ​ ​ ​ ​ 1,330,694 ​ ​ ​ ​ ​ 852,623 ​ ​
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_comptsr-4c.jpg]      
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_compnetincome-4c.jpg]      
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_compreturn-4c.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_comptsr-4c.jpg]      
Tabular List, Table
Most Important Financial Performance Measures.   As required by the SEC’s rules, the following is a list of the most important financial measures used to link “compensation actually paid” to our performance. The roles of each of these performance measures in our executive compensation programs is more thoroughly discussed in the Compensation Discussion and Analysis in this proxy statement, along with a description of how executive compensation relates to our performance and how the Compensation Committee makes its decisions.
•
Net Income
​
•
Net Interest Margin
​
•
Efficiency Ratio
​
•
Return on Assets
​
•
Relative Total Shareholder Return
     
Total Shareholder Return Amount $ 127.72 111.93 109.29 87.59
Peer Group Total Shareholder Return Amount 112.03 111.46 126.43 90.82
Net Income (Loss) $ 36,100,000 $ 29,600,000 $ 37,400,000 $ 39,300,000
Company Selected Measure Amount 1.27 1.22 1.71 2.02
PEO Name Joseph C. Adams      
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Interest Margin      
Measure:: 3        
Pay vs Performance Disclosure        
Name Efficiency Ratio      
Measure:: 4        
Pay vs Performance Disclosure        
Name Return on Assets      
Non-GAAP Measure Description
(4)
We determined that return on assets is the most important financial measure used to link compensation actually paid to our NEOs for the most recently completed fiscal year to company performance.
     
Measure:: 5        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return      
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (348,335)      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 464,581      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (79,334)      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (79,586)      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (524,233)      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 696,329      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 197,347      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (147,392)