FS Bancorp, Inc. Reports Net Income For The Fourth Quarter Of $1.1 Million Or $0.36 Per Share And $5.3 Million Or $1.76 Per Share For The Year Ended December 31, 2012

Total deposits increased $14.1 million or 5.1% to $288.9 million at December 31, 2012, from $274.8 million at September 30, 2012.  Transaction accounts (noninterest and interest-bearing checking accounts) increased to $58.5 million as of December 31, 2012 from $56.3 million at September 30, 2012 and $39.9 million at December 31, 2011. Management continues to focus deposit growth efforts on relationship deposits with new and existing customers. 

DEPOSIT BREAKDOWN
($ in thousands)
	December 31, 2012		September 30, 2012		December 31, 2011
	Amount	Percent	Amount	Percent	Amount	Percent
Interest-bearing checking	$ 24,349	8.4%	$ 24,914	9.1%	$ 20,669	8.4%
Noninterest-bearing checking	34,165	11.8	31,434	11.4	19,254	7.8
Savings	11,812	4.1	12,146	4.4	11,567	4.7
Money market	114,245	39.5	108,643	39.5	99,022	40.2
Certificates of deposits less than $100,000	40,119	13.9	39,835	14.5	36,220	14.7
Certificates of deposits $100,000 to less than $250,000	43,810	15.2	33,283	12.1	36,912	15.0
Certificates of deposits $250,000 and over	20,449	7.1	24,569	9.0	22,774	9.2
Total	$ 288,949	100.0%	$ 274,824	100.0%	$ 246,418	100.0%

Total equity increased $525,000 to $59.9 million at December 31, 2012 from $59.4 million at September 30, 2012. The increase in equity from the third quarter was predominantly a result of net income of $1.1 million and the scheduled payment of the Employee Stock Ownership Plan loan partially offset by a decline in the unrealized gain on securities available-for-sale included in accumulated other comprehensive income.  Book value per common share was $19.92 as of December 31, 2012.

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