1st Security Bank of Washington

What sets 1st Security Bank of Washington apart

• Over the year to Q2 2026, the total deposits of 1st Security Bank of Washington fell by 4.0% to $2.5 bn, a bigger fall than at 95% of covered banks.

How large is 1st Security Bank of Washington?

The balance sheet of 1st Security Bank of Washington at Q2 2026: assets $3.2 bn, deposits $2.5 bn, net loans $2.7 bn (loans equal to 107.88% of deposits). Securities make up 9.6% of total assets at 1st Security Bank of Washington. Since Q1 2016, when 1st Security Bank of Washington held $805.3 mn, its assets grew 294.7%. In the year to Q2 2026, deposits at 1st Security Bank of Washington fell 4.0% while its total assets rose 0.1%. At Q2 2026, 1st Security Bank of Washington employed 592 full-time equivalent staff across 31 offices, about $5.4 mn of assets per employee and $79.5 mn of deposits per office.

How much funding at 1st Security Bank of Washington is uninsured?

At 1st Security Bank of Washington, uninsured deposits (above the FDIC limit) made up 29.18% of domestic deposits at Q2 2026 (+2.80 pp on a year earlier); 1st Security Bank of Washington ranks 326th of 500 on this measure. In dollars, 1st Security Bank of Washington estimated $719.5 mn of uninsured deposits.

Key facts, Q2 2026

US rank of 1st Security Bank of Washington: 1 = highest unless marked 1 = lowest.

The CET1 ratio of 1st Security Bank of Washington stood at 12.84% in Q2 2026, +0.03 pp year on year. Low and high at 1st Security Bank of Washington since Q1 2016: 11.44% (Q1 2023) to 15.00% (Q4 2017). Equity capital of 1st Security Bank of Washington at Q2 2026: $362.9 mn, or 11.4% of total assets. 1st Security Bank of Washington also reported a total capital ratio of 14.01% for Q2 2026, and a tier 1 leverage ratio of 11.44%.

On held-to-maturity securities, 1st Security Bank of Washington carried an unrealized gain of $61,000 at Q2 2026, equal to 0.0% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $1.1 mn in Q3 2023. The available-for-sale portfolio of 1st Security Bank of Washington showed an unrealized loss of $18.9 mn at Q2 2026; the loss narrowed by $5.9 mn over the year.

For the year to Q2 2026, 1st Security Bank of Washington earned a return on equity of 9.81%; return on assets: 1.09%. Net interest margin at 1st Security Bank of Washington: 4.46%, +0.04 pp in a year. 1st Security Bank of Washington net income: $17.4 mn, up 4.4% year on year. The efficiency ratio of 1st Security Bank of Washington was 63.06%: about 63 cents cost per revenue dollar, against 49 cents at the median peer.

At Q2 2026, noncurrent loans were 0.58% of total loans at 1st Security Bank of Washington; net charge-offs: 0.44% of average loans. Gross loans and leases at 1st Security Bank of Washington: $2.7 bn, up 0.8% in a year.

The peer group of 1st Security Bank of Washington is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of 1st Security Bank of Washington (state-chartered stock savings bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Washington. Against them, 1st Security Bank of Washington shows CET1 ratio 12.84% against a peer median of 15.06%, return on equity 9.81% against a peer median of 15.22% and uninsured deposit share 29.18% against a peer median of 23.49%.

The FDIC history of 1st Security Bank of Washington, oldest first; figures before and after each event are not like for like.

1. 15 November 2018. Absorbed Anchor Bank (FDIC certificate 28454).
2. 19 August 2026. Absorbed Pacific West Bank (FDIC certificate 57872).

Large one-quarter moves at 1st Security Bank of Washington

• Total assets at 1st Security Bank of Washington changed by +36.3% in the quarter to 2018-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Anchor Bank.