FS Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported that total interest income was $5,525,000 compared to $5,145,000 a year ago. Net interest income after provision for loan losses was $4,478,000 compared to $3,397,000 a year ago. Net interest income was $4,928,000 compared to $4,615,000 a year ago. Income before provision (benefit) for income tax was $784,000 compared to $1,299,000 a year ago. Net income was $537,000 or $0.18 per basic and diluted share compared to $1,073,000 or $0.36 per basic and diluted share a year ago. Return on assets was 0.52% against 1.22% a year ago. Return on equity was 3.43% against 7.13% a year ago.

For the year, the company reported that total interest income was $21,733,000 compared to $18,787,000 a year ago. Net interest income after provision for loan losses was $17,385,000 compared to $13,511,000 a year ago. Net interest income was $19,555,000 compared to $16,424,000 a year ago. Income before provision (benefit) for income tax was $5,939,000 compared to $3,198,000 a year ago. Net income was $3,920,000 or $1.29 per basic and diluted share compared to $5,295,000 or $1.76 per basic and diluted share a year ago. Return on assets was 1.01% against 1.64% a year ago. Return on equity was 6.43% against 12.71% a year ago. Book value was $20.55 per common share against $19.92 per common share a year ago.

The board of directors approved fourth quarterly cash dividend of $0.05 per share. The dividend will be payable on February 24, 2014, to shareholders of record as of February 14, 2014.