FS Bancorp Q2 net income +2.7% to $7.9M; charge-offs triple on CRE, consumer stress

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net charge-offs tripled to $6.0M for the six months ended June 30, 2026 (vs $2.9M prior year), driven by a $2.3M commercial construction loan charge-off and $882K higher indirect home improvement losses.

  Notes: Provision for credit losses verify on EDGAR →
• high

  Announced acquisition of Pacific West Bancorp for ~$34.6M in stock and cash, subject to regulatory and shareholder approvals. Incurred $712K in acquisition costs for the six months ended June 30, 2026.

  Notes: Pacific West acquisition verify on EDGAR →
• high

  Loan-to-deposit ratio rose to 108.6% from 100.9%.

  MD&A: Deposit funding shift verify on EDGAR →