First Fed Bank
FDIC #28405
📍 Port Angeles, Washington
First Fed Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1923. With assets of $2.13 Billion, it operates 15 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2025
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2025
Satisfactory
June 1, 2023
Satisfactory
June 1, 2019
Satisfactory
💰 Financial Strength
Total Assets$2.13 Billion
Total Deposits$1.67 Billion
Equity Capital$172.96 Million
Net Income$9.32 Million
📈 Performance
ROA0.59%
ROE7.06%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1923
FDIC Cert28405
Holding CoFirst Northwest Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2022
Name Change
Name became: Changed Institution Name To First Fed Bank.
2021
Relocation
Moved HQ to: 105 W 8th St, Port Angeles, WA 98362.
1989
Relocation
Moved HQ to: 141 West First Street, Port Angeles, WA 98362.
1985
Name Change
Name became: Changed Institution Name To First Federal Savings And Loan Association Of Port Angeles.