FS Bancorp, Inc. Reports Record 2020 Results Including $39.3 Million of Net Income or $8.97 Per Diluted Share, and a 24% Increase in Its Dividend to $0.26 for the Thirty-Second Consecutive Quarterly Dividend (4,017 943 1,336,346 Loans receivable, net increased $53.5 million to $1.54 billion at December 31, 2020, from $1.49 billion at September 30, 2020, and increased $208.6 million from $1.34 billion at December 31, 2019. The quarter over linked quarter increase in total real estate loans was $34.6 million, including increases in construction and development loans of $25.0 million, one-to-four-family portfolio loans of $10.2 million, home equity loans of $2.6 million, and multi-family loans of $1.4 million, partially offset by a decrease in commercial real estate loans of $4.6 million. Consumer loans increased $10.4 million, primarily due to an increase of $9.3 million in indirect home improvement loans and $1.1 million in marine loans. Commercial business loans increased $9.8 million, primarily due to an increase in commercial and industrial loans of $12.2 million, and warehouse lending of $9.6 million, partially offset by PPP loan forgiveness by the SBA of $12.0 million. No PPP loans were originated during the quarter as the initial PPP application deadline was August 8, 2020. The focused increase in commercial and industrial loans is tied to the Bank's investment in our business lending platform, including employees to service business lending customers and cash management teams to support business deposits.