1st Security Bank Of Washington
FDIC #57633
📍 Mountlake Terrace, Washington
1st Security Bank Of Washington is a commercial bank (si) established in April 1, 2004. With assets of $2.92 Billion, it operates 29 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: June 1, 2024
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
June 1, 2024
Satisfactory
May 1, 2020
Satisfactory
August 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$2.92 Billion
Total Deposits$2.48 Billion
Equity Capital$291.39 Million
Net Income$27.64 Million
📈 Performance
ROA1.31%
ROE12.93%
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
EstablishedApril 1, 2004
FDIC Cert57633
Holding CoFs Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJuly 28, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2018
Merger / Acquisition
Acquired: Anchor Bank