Kitsap Bank
FDIC #6161
📍 Port Orchard, Washington
Kitsap Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 08/08/1908. With assets of $1.63 Billion, it operates 18 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2023
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
May 1, 2023
Satisfactory
February 1, 2020
Satisfactory
June 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.63 Billion
Total Deposits$1.44 Billion
Equity Capital$121.68 Million
Net Income$12.85 Million
📈 Performance
ROA1.05%
ROE13.75%
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
Established08/08/1908
FDIC Cert6161
Holding CoOlympic Bcorp Inc
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 - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2015
Merger / Acquisition
Acquired: Fife Commercial Bank
2006
Merger / Acquisition
Acquired: Marinerbank
1997
Merger / Acquisition
Acquired: Northwestern Bank, National Association
1993
Name Change
Name became: Changed Institution Name To Kitsap Bank.
1983
Relocation
Moved HQ to: 619 Bay Street, Port Orchard, WA 98366.