FS Bancorp: Pay

FS Bancorp paid its 5 named executives $4.2M in total in FY2025 (Dec). CEO Joseph C. Adams was paid $1.4M of that.

Pay$100 in the stock at the end of FY20 → $157
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Joseph C. AdamsChief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Matthew D. MulletPresident
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Donn C. CostaChief Home Lending Officer
FY2025 (Dec)
FY2024 (Dec)Not disclosed
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Shana AllenChief Information Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
3 years
Phillip D. WhittingtonChief Financial Officer
FY2025 (Dec)
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 9 peers with pay on file was $1.6M. The CEO of FS Bancorp was paid $1.4M, 12% below the median.

  1. 1Bank of Marin Bancorp
  2. 2Sierra Bancorp
  3. 3Mercantile Bank
  4. 4Coastal Financial
  5. 5Alerus Financial
  6. 6HomeTrust Bancshares
  7. 7FS Bancorp
  8. 8Home Bancorp
  9. 9Waterstone Financial
  10. 10Timberland Bancorp
  11. 11BayCom CorpNot disclosed
  12. 12Camden NationalNot disclosed
  13. 13CapStar Financial Holdings, Inc.Not disclosed
  14. 14First Northwest BancorpNot disclosed
  15. 15Five Star BancorpNot disclosed
  16. 16HarborOne Bancorp, Inc.Not disclosed
  17. 17Independent BankNot disclosed
  18. 18Meridian CorporationNot disclosed
  19. 19Northrim BancorpNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.