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FS Bancorp

OTCPK:FXLG
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FXLG
OTCPK
$132M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

FS Bancorp operates as the holding company for Farmers State Bank that provides banking products and services in Indiana and Michigan. The last earnings update was 190 days ago. More info.


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FXLG Share Price and Events
7 Day Returns
-1.2%
OTCPK:FXLG
0.3%
US Banks
-0.9%
US Market
1 Year Returns
-
OTCPK:FXLG
-7.8%
US Banks
3.8%
US Market
FXLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FS Bancorp (FXLG) -1.2% -1.9% -3.2% - 84% 144.7%
US Banks 0.3% 2.9% -0.7% -7.8% 45.9% 46.5%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • No trading data on FXLG.
  • No trading data on FXLG.
Price Volatility
FXLG
Industry
5yr Volatility vs Market

Value

 Is FS Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FS Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FS Bancorp.

OTCPK:FXLG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $28.51 * 11.7%
$3.35
Book Value of Equity per Share Median Book Value from the past 5 years. $28.51
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FXLG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (36.32%))
1.219
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.219 * 5.96%)
10%

Discounted Cash Flow Calculation for OTCPK:FXLG using Excess Returns Model Model

The calculations below outline how an intrinsic value for FS Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:FXLG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 10%) * $28.51)
$0.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.50 / (10% - 2.73%)
$6.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $28.51 + $6.84
$35.35
OTCPK:FXLG Discount to Share Price
Calculation Result
Value per share (USD) From above. $35.35
Current discount Discount to share price of $60.25
= -1 x ($60.25 - $35.35) / $35.35
-70.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of FS Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FS Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FS Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FXLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.27
OTCPK:FXLG Share Price ** OTCPK (2019-07-18) in USD $60.25
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FS Bancorp.

OTCPK:FXLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FXLG Share Price ÷ EPS (both in USD)

= 60.25 ÷ 4.27

14.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FS Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • FS Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does FS Bancorp's expected growth come at a high price?
Raw Data
OTCPK:FXLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FS Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FS Bancorp's assets?
Raw Data
OTCPK:FXLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $32.47
OTCPK:FXLG Share Price * OTCPK (2019-07-18) in USD $60.25
United States of America Banks Industry PB Ratio Median Figure of 595 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
OTCPK:FXLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FXLG Share Price ÷ Book Value per Share (both in USD)

= 60.25 ÷ 32.47

1.86x

* Primary Listing of FS Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FS Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess FS Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. FS Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is FS Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover FS Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FS Bancorp expected to grow at an attractive rate?
  • FS Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FS Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare FS Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:FXLG Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FXLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FXLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FXLG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 32 9
2017-12-31 29 8
2017-09-30 28 8
2017-06-30 28 8
2017-03-31 27 8
2016-12-31 27 7
2016-09-30 27 7
2016-06-30 26 7
2016-03-31 26 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FS Bancorp's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if FS Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FXLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from FS Bancorp Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FXLG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.27
2017-12-31 3.38
2017-09-30 3.59
2017-06-30 3.47
2017-03-31 3.39
2016-12-31 3.34
2016-09-30 3.16
2016-06-30 2.96
2016-03-31 2.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FS Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess FS Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FS Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has FS Bancorp performed over the past 5 years?

  • FS Bancorp's last earnings update was 190 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FS Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FS Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • FS Bancorp's 1-year earnings growth exceeds its 5-year average (24.8% vs 9.3%)
  • FS Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (24.8% vs 37.8%).
Earnings and Revenue History
FS Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FS Bancorp Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FXLG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 31.80 9.38 17.30
2017-12-31 28.50 7.52 13.97
2017-09-30 28.08 8.02 13.84
2017-06-30 27.63 7.76 13.79
2017-03-31 27.32 7.60 13.73
2016-12-31 26.96 7.49 13.54
2016-09-30 26.59 7.10 13.33
2016-06-30 26.26 6.64 13.32
2016-03-31 25.92 6.44 13.24
2015-12-31 25.41 6.13 13.18
2015-09-30 25.13 6.30 13.12
2015-06-30 24.72 6.43 12.95
2015-03-31 24.28 6.33 12.64
2014-12-31 23.94 6.25 12.59
2014-09-30 23.58 6.08 12.66
2014-06-30 23.40 5.97 12.52
2014-03-31 23.25 5.80 12.60
2013-12-31 23.19 5.74 12.54
2012-12-31 22.20 5.14 11.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • FS Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FS Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if FS Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess FS Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FS Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is FS Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of FS Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FS Bancorp Company Filings, last reported 6 months ago.

OTCPK:FXLG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 71.36 47.99 76.33
2017-12-31 66.09 48.01 94.15
2017-09-30 66.37 41.49 37.33
2017-06-30 65.72 41.25 66.78
2017-03-31 64.55 30.34 48.28
2016-12-31 62.86 30.81 100.67
2016-09-30 63.30 20.85 35.36
2016-06-30 62.86 20.42 50.72
2016-03-31 60.70 20.78 39.52
2015-12-31 59.25 20.97 49.19
2015-09-30 58.35 22.02 57.72
2015-06-30 56.99 20.55 71.04
2015-03-31 56.29 25.91 51.65
2014-12-31 55.05 25.54 65.23
2014-09-30 53.83 27.40 42.83
2014-06-30 52.72 25.78 60.25
2014-03-31 51.21 24.19 49.71
2013-12-31 49.73 24.68 52.70
2012-12-31 47.83 25.10 27.41
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • FS Bancorp has an acceptable proportion of non-loan assets held.
  • FS Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at FS Bancorp are broadly funded by customer deposits.
  • FS Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if FS Bancorp has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if FS Bancorp has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess FS Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FS Bancorp has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is FS Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.39%
Current annual income from FS Bancorp dividends.
If you bought $2,000 of FS Bancorp shares you are expected to receive $48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FS Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • FS Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FXLG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FXLG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-23 1.440 2.295
2018-01-23 0.615 1.063

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, FS Bancorp has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but FS Bancorp only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of FS Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FS Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FS Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FS Bancorp has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of FS Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Urbanski
TENURE AS CEO 2.6 years
CEO Bio

Joseph A. Urbanski is President and Chief Executive Officer of Farmers State Bank (the “Bank”). He joined the Bank in 2007 as the Chief Financial Officer. He is a graduate of Indiana University South Bend, he earned a bachelor’s degree in accounting. After graduating from IUSB in 1998, he worked for Crowe Horwath as a CPA for 9 years. He serves on the board of directors for both the LaGrange County Economic Development Corporation and the Regional Chamber of Northeast Indiana.

CEO Compensation
  • Insufficient data for Joe to compare compensation growth.
  • Insufficient data for Joe to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the FS Bancorp management team in years:

1.5
Average Tenure
  • The average tenure for the FS Bancorp management team is less than 2 years, this suggests a new team.
Management Team

Joe Urbanski

TITLE
President
TENURE
2.6 yrs

Stacy Merrifield

TITLE
Executive Vice President & Chief Financial Officer
TENURE
3.5 yrs

Renea Boots

TITLE
Executive VP & Chief Administration Officer

Lori White

TITLE
Executive VP & COO of Farmers State Bank

TJ Kempf

TITLE
Executive VP & Chief Loan Officer
TENURE
0.5 yrs

Mark Cowen

TITLE
Executive VP & Chief Business Development Officer
TENURE
0.5 yrs

Frederic Brown

TITLE
Treasurer & Honorary Director
AGE
78

Marcy Yuska

TITLE
Assistant Vice President of Topeka Office of Farmers State Bank

Mark Thompson

TITLE
Assistant Secretary and Senior VP of West Region Branch Administrator of Farmers State Bank

Becky Oakley

TITLE
Assistant Vice President of Collections of Farmers State Bank
Board of Directors Tenure

Average tenure and age of the FS Bancorp board of directors in years:

8
Average Tenure
69
Average Age
  • The tenure for the FS Bancorp board of directors is about average.
Board of Directors

Roger Bird

TITLE
Chairman of the Board
AGE
67
TENURE
3.5 yrs

Joe Urbanski

TITLE
President

Frederic Brown

TITLE
Treasurer & Honorary Director
AGE
78

Kerry Sprunger

TITLE
Director
TENURE
2.4 yrs

Winford Jones

TITLE
Director
AGE
69
TENURE
27.5 yrs

Fritz Schlabach

TITLE
Director

Jordi Disler

TITLE
Director

Rod Perkins

TITLE
Director
TENURE
8.5 yrs

James Ingledue

TITLE
Director
TENURE
12.8 yrs

Kevin Lambright

TITLE
Director
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess FS Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FS Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

FS Bancorp operates as the holding company for Farmers State Bank that provides banking products and services in Indiana and Michigan. The company accepts various deposit products, including checking accounts, savings accounts, and certificates of deposit products. It offers loan products comprising personal loans, such as automobile loans, secured and unsecured loans, term or single payment loans, agricultural loans, and home equity loans; and commercial loans consisting of real estate loans, business line of credit, and equipment and long term asset financing, as well as mortgages. In addition, the company provides debit and credit cards; life insurance and disability insurance services; mobile and online banking services, safe deposit boxes, individual retirement accounts, MasterCards, and ATM cards; overdraft protection, cash management, and trust services; and investment services. It operates through approximately 14 offices located in LaGrange, Steuben, DeKalb, and Elkhart counties in Indiana; and St. Joseph County, Michigan. The company was founded in 1915 and is headquartered in LaGrange, Indiana.

Details
Name: FS Bancorp
FXLG
Exchange: OTCPK
Founded: 1915
$132,140,721
2,193,207
Website: http://www.farmersstatebank.com
Address: FS Bancorp
220 South Detroit Street,
LaGrange,
Indiana, 46761,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FXLG Common Stock Pink Sheets LLC US USD 11. Jun 1998
Number of employees
Current staff
Staff numbers
0
FS Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:13
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/01/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.