FS Bancorp, Inc..
FSBW.US | Other monetary intermediation
FS Bancorp, Inc. operates as the bank holding company for FSB, a state-chartered savings bank. The bank provides various banking products and services to individuals and businesses in the Puget Sound region of Washington. Its deposit products include checking, savings, and money market accounts, as ...Show More
Better Health for All
0
The company's core business is banking, which has no direct positive or negative health impact. No evidence was found to suggest that the company's products or services have direct health implications, carry health risks, or require health-related R&D or disclosures.
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While the company engages in community support, including an annual food drive totaling $310,000,
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and offers banking assistance to the elderly and accessible websites for clients with disabilities,
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these initiatives are not explicitly defined as programs addressing health disparities or promoting equitable access to health services as per the value definition. Therefore, all KPIs related to direct health impact, harmful revenue, safety, accessibility of health products, vulnerable reach for health needs, risk transparency for health, health innovation, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, and clinical trial ethics are scored as 0 or 'Not Applicable'.
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Fair Money & Economic Opportunity
-40
The company's inclusion initiatives include $123.1 million in Community Development Investments in its portfolio as of 2023.
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This represents approximately 4.9% of the total net loans receivable of $2.50 billion as of March 31, 2025.
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The company also offers Home$tart and HomeReady mortgages and a Community Lending Program with no income limits and no Loan Level Pricing Adjustments.
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For financial literacy, the bank offers a K-12 curriculum covering topics such as saving, earning, budgeting, and credit.
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However, there is no quantitative data on the reach or impact of these programs. Geographically, the bank serves the Puget Sound area and delivers banking and financial services across Washington and Oregon, with a Community Lending Program aiming to contribute to communities across multiple states.
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There is no specific percentage of service points in underserved areas.
Fair Pay & Worker Respect
40
In 2024, the CEO-to-median employee pay ratio was 27:1, with the CEO's total compensation at $1,563,222 and median employee pay at $57,107.
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Employees are not represented by a collective bargaining group.
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The company's voluntary employee turnover rate was 14.99% in 2020, a decrease from 15.32% in 2019.
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At December 31, 2020, 98% of employees were full-time.
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While a specific health insurance coverage percentage is not provided, the company offers a generous benefits package including medical, dental, and vision coverage, and states that employee contribution costs for health benefits have not increased since 2014.
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Other benefits include a 401k match, an Employee Stock Ownership Plan, vacation, sick leave, family leave, education reimbursement, and paid volunteer hours.
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Fair Trade & Ethical Sourcing
-10
FS Bancorp, Inc. operates as a bank holding company, and as such, does not procure or trade physical commodities, leading to N/A scores for fair trade certification, audit frequency related to welfare/sourcing, traceability coverage, and materials risk index.
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The company reported no substantiated forced or child labor incidents, and its Service Provider Code of Conduct was revised in 2023 to include policies against child and forced labor.
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While issues reported through the Whistleblower Policy are tracked, there is no specific evidence of remediation processes for supplier violations related to fair trade or ethical sourcing.
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The Service Provider Code of Conduct outlines minimum requirements and principles for suppliers, consultants, and contractors, including policies against child and forced labor, and expectations for integrity and compliance with human rights laws.
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Since early 2023, the company has been tracking minority supplier engagement, including small, woman-, veteran-, or minority-owned businesses, but no specific percentage of procurement spend is provided.
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Honest & Fair Business
0
No specific, concrete data points or relevant information were found in the provided articles to assess any of the KPIs for Honest & Fair Business. The articles primarily consist of links to SEC filings
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and governance documents
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, or indicate that data extraction was throttled
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, without providing the necessary quantitative or qualitative evidence for scoring.
Kind to Animals
0
FSBW.US is a bank holding company providing financial services.
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The provided articles do not contain any specific, concrete data points for FSBW.US regarding cruelty-free certifications, animal testing, humane certifications for animal operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies or volume, R&D investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare. The company's core business model as a financial services provider means these KPIs are not applicable to its direct operations. Therefore, all applicable KPIs are scored as N/A.
No War, No Weapons
0
No evidence available to assess FS Bancorp, Inc. on No War, No Weapons.
Planet-Friendly Business
0
No specific, quantitative evidence was found in the provided articles that directly pertains to the Planet-Friendly Business KPIs for FSBW.US (FS Bancorp, Inc.), a bank holding company. While one article was titled 'FSB Sustainability Summary (FSBW.US)', its content consistently referred to the company as a 'hardware manufacturer' dealing with 'aluminum' products and packaging.
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This directly contradicts the provided company description of FSBW.US as a 'bank holding company'. Therefore, the data in that article could not be applied to the company being assessed. The other articles discussed general climate-related financial risks at a global level, without providing company-specific data for FSBW.US.
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As a result, no KPIs could be scored based on the available evidence.
Respect for Cultures & Communities
0
The provided articles focus on the company's Community Reinvestment Act (CRA) compliance and general community involvement, but do not contain specific, quantitative data points for any of the KPIs related to Respect for Cultures & Communities.
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Therefore, no KPIs can be scored based on the available evidence.
Safe & Smart Tech
0
The company states that encryption is used for sensitive information, such as credit card numbers, via SSL.
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It also mentions compliance with US federal and state laws, specifically referencing Vermont and California laws.
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Zero Waste & Sustainable Products
0
No specific, concrete data points were found in the provided articles regarding FS Bancorp, Inc.'s performance on any of the 'Zero Waste & Sustainable Products' KPIs. All articles explicitly state that they do not contain relevant quantitative data on waste management, product sustainability, or other related metrics.
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