Fs Bancorp, Inc. · NASDAQ:FSBW
Fs Bancorp — Merger or Acquisition (November 2022)
8 slides from Fs Bancorp's merger presentation, Nov 7, 2022
Slide 1: Branch Transaction
1ST SECURITY BANK FS BANCORP INC. BRANCH TRANSACTION “Builda truly great placeto work and bank.” -FSBW Vision Statement Lae 7
Slide 2: Disclosure Statement
1ST SECURITY BANK FS BANCORP INC. Disclosure Statement person. FS 1 or naire not be repro 1 return ofthis presentation at any tim ims the protections of thes : ation Reform The forward-looking statements are ent’s expe le, to identify such statements by using words such as uncertainties the any’s re
Slide 3: Transaction Overview
1ST SECURITY BANK FS BANCORB INC. Transaction Overview FS Bancorp to purchase seven (7) branches from Columbia Banking System Five (5) in Oregon and two (2) in V otal dep hington $510 million loans at announcement of $76 million t announcemen: ota TBY dilution of 9.0% f~2.0 years Strong Financial TB
Slide 4: A Rational Pro Forma Footprint
1ST SECURITY BANK FS BANCORP, INC. A Rational Pro Forma Footprint ‘A. FSBW Branch (23) @ Fs6W Home Lending (12) ‘A NewBranches (7) Lemon Gp = Goldendale Branch Manzanita Brangh a as rent a Tillamook Bkjiyhions White Salmon Branch a eae Newport Branch * Waldport Branch ae Eugene” bend Ontario Branch
Slide 5: Transaction Rationale
1ST SECURITY BANK FS BANCORB INC. Transaction Rationale Opportunity to expand our markets and growth prospects while maintaining safe and sound banking p Aligned deposit and lending strategies should provide a smooth customer experi Continued strong focus enterprise risk management and controls
Slide 6: Our Previous Successful Experience
1ST SECURITY BANK FS BANCORP, INC. Our Previous Successful Experience FS BANCORPR, INC. 201s 201s 2017 201s, 2019 2020 2021 m Total Assets (SMM) Source:S8P Capital IQPro
Slide 7: Our Long-Term Strategic Plans
1ST SECURITY BANK FS BANCORB INC. Our Long-Term Strategic Plans Continued expansion of our community banking and commercial business lending programs = Continue to emphasize lower cost core deposits to reduce the costs of funding growth = Remain focused on maintaining and improving asset quality = O
Slide 8: Contact Information
CONTACT INFORMATION Joe Adams Matthew Mullet joea@fsbwa.com mattm@fsbwa.com Chief Executive Officer Chief Financial Officer (425) 697-8048 (425) 697-8026 Administrative Center 6920 220** Street Southwest Mountlake Terrace, Washington 98043