XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 12 - Regulatory Capital | 3 Months Ended
--- | ---
Mar. 31, 2025
Notes to Financial Statements |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 12 – REGULATORY CAPITAL The Bank is subject to various regulatory capital requirements administered by the Federal Reserve and the FDIC. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines of the regulatory framework for prompt corrective action, the Bank must meet specific capital adequacy guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital classification is also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Under capital adequacy guidelines of the regulatory framework for prompt corrective action,, quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of Tier 1 total capital (as defined) and common equity Tier 1 (“CET 1”) capital to risk-weighted assets (as defined). The Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage, and CET 1 capital ratios as set forth in the table below to be categorized as “well capitalized”. At March 31, 2025, the Bank was categorized as “well capitalized” under applicable regulatory requirements. There are no conditions or events since that notification that management believes have changed the Bank’s category. Management believes, at March 31, 2025, that the Bank met all capital adequacy requirements. The following tables compare the Bank’s actual capital amounts and ratios to their minimum regulatory capital requirements and well capitalized regulatory capital at the dates indicated:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | To be Well Capitalized |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | For Capital |  |  | Under Prompt |
|  |  |  |  |  |  |  |  |  | For Capital |  |  | Adequacy With |  |  | Corrective |
|  | Actual |  |  | Adequacy Purposes |  |  | Capital Buffer |  |  | Action Provisions |
Bank Only |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
At March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital (to risk-weighted assets) |  | $ | 375,497 |  |  |  | 14.44 | % |  | $ | 208,044 |  |  |  | 8.00 | % |  | $ | 273,058 |  |  |  | 10.50 | % |  | $ | 260,055 |  |  |  | 10.00 | %
Tier 1 risk-based capital (to risk-weighted assets) |  | $ | 342,982 |  |  |  | 13.19 | % |  | $ | 156,033 |  |  |  | 6.00 | % |  | $ | 221,047 |  |  |  | 8.50 | % |  | $ | 208,044 |  |  |  | 8.00 | %
Tier 1 leverage capital (to average assets) |  | $ | 342,982 |  |  |  | 11.29 | % |  | $ | 121,515 |  |  |  | 4.00 | % |  | $ | N/A |  |  |  | N/A |  |  | $ | 151,893 |  |  |  | 5.00 | %
CET 1 capital (to risk-weighted assets) |  | $ | 342,982 |  |  |  | 13.19 | % |  | $ | 117,025 |  |  |  | 4.50 | % |  | $ | 182,038 |  |  |  | 7.00 | % |  | $ | 169,036 |  |  |  | 6.50 | %
At December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital (to risk-weighted assets) |  | $ | 368,953 |  |  |  | 14.18 | % |  | $ | 208,174 |  |  |  | 8.00 | % |  | $ | 273,228 |  |  |  | 10.50 | % |  | $ | 260,218 |  |  |  | 10.00 | %
Tier 1 risk-based capital (to risk-weighted assets) |  | $ | 336,416 |  |  |  | 12.93 | % |  | $ | 156,131 |  |  |  | 6.00 | % |  | $ | 221,185 |  |  |  | 8.50 | % |  | $ | 208,174 |  |  |  | 8.00 | %
Tier 1 leverage capital (to average assets) |  | $ | 336,416 |  |  |  | 11.24 | % |  | $ | 119,741 |  |  |  | 4.00 | % |  | $ | N/A |  |  |  | N/A |  |  | $ | 149,676 |  |  |  | 5.00 | %
CET 1 capital (to risk-weighted assets) |  | $ | 336,416 |  |  |  | 12.93 | % |  | $ | 117,098 |  |  |  | 4.50 | % |  | $ | 182,152 |  |  |  | 7.00 | % |  | $ | 169,141 |  |  |  | 6.50 | %
In addition to the minimum CET 1, Tier 1, total capital and leverage ratios, the Bank is required to maintain a capital conservation buffer consisting of additional CET 1 capital greater than 2.5% of risk-weighted assets above the required minimum capital levels. Failure to maintain the required buffer could result in limitations on the Bank's ability to pay dividends, repurchase shares, and pay discretionary bonuses, based on specified percentages of eligible retained income. At March 31, 2025, the Bank’s capital exceeded the conservation buffer. As a bank holding company registered with the Federal Reserve, the Company is subject to the capital adequacy requirements of the Federal Reserve. Bank holding companies with $3.0 billion or more in assets or more are subject to compliance with the Federal Reserve’s capital regulations, which are generally the same as the capital regulations applicable to the Bank. The Federal Reserve has a policy that a bank holding company is required to serve as a source of financial and managerial strength to the holding company’s subsidiary bank and the Federal Reserve expects the holding company’s subsidiary bank to be well capitalized under the prompt corrective action regulations. FS Bancorp is subject to regulatory capital guidelines for bank holding companies with $3.0 billion or more in assets at March 31, 2025, and has exceeded all regulatory capital requirements. The following table presents the Company's regulatory capital ratios at the dates indicated:
|  | At March 31, |  | At December 31,
Company Only |  | 2025 |  | 2024
Total risk-based capital (to risk-weighted assets) |  | 14.68% |  | 14.53%
Tier 1 risk-based capital (to risk-weighted assets) |  | 11.51% |  | 11.36%
Tier 1 leverage capital (to average assets) |  | 9.85% |  | 9.87%
CET 1 capital (to risk-weighted assets) |  | 11.51% |  | 11.36%

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
Name: | us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration