HomeStreet Bank (merged into Mechanics Bank)
HomeStreet Bank reported total assets of $7.6 bn at Q2 2025, its last Call Report before it merged into Mechanics Bank. The CET1 capital ratio at HomeStreet Bank was 12.76%, and the uninsured share of HomeStreet Bank was 10.29%. Source: FDIC Call Reports.
What sets HomeStreet Bank apart
Nothing in the latest data sets HomeStreet Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is HomeStreet Bank?
The balance sheet of HomeStreet Bank at : assets $7.6 bn, deposits $5.9 bn, net loans $5.9 bn (loans equal to 101.28% of deposits). Securities make up 13.0% of total assets at HomeStreet Bank. Since , when HomeStreet Bank held $5.4 bn, its assets grew 41.0%. In the year to , deposits at HomeStreet Bank fell 10.4% while its total assets fell 17.9%. At , HomeStreet Bank employed 741 full-time equivalent staff across 61 offices, about $10.3 mn of assets per employee and $96.2 mn of deposits per office.
How much funding at HomeStreet Bank is uninsured?
At HomeStreet Bank, uninsured deposits (above the FDIC limit) made up 10.29% of domestic deposits at (+2.78 pp on a year earlier). In dollars, HomeStreet Bank estimated $603.8 mn of uninsured deposits.
Key facts, Q2 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.9 bn | $6.6 bn (Q2 2024) | |
| Net loans and leases | $5.9 bn | $7.4 bn (Q2 2024) | |
| Loan-to-deposit ratio | 101.28% | 112.53% (Q2 2024) | |
| Tier 1 leverage ratio | 8.74% | 8.44% (Q2 2024) | |
| Total risk-based capital ratio | 13.66% | 13.29% (Q2 2024) | |
| Net interest margin | 1.97% | 1.55% (Q2 2024) | |
| Return on assets (ROA) | 0.04% | -0.10% (Q2 2024) | |
| Efficiency ratio | 90.90% | 106.22% (Q2 2024) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $12,000 | Narrowed by $33,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $100.7 mn | Narrowed by $22.8 mn | |
| Noncurrent loans to total loans | 1.13% | 0.64% (Q2 2024) | |
| Net charge-offs to average loans | 0.00% | 0.03% (Q2 2024) |
US rank of HomeStreet Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
HomeStreet Bank: assets, deposits and loans
- Total assets $7.6bn
- Deposits $5.9bn
- Net loans $5.9bn
Capital and securities
The CET1 ratio of HomeStreet Bank stood at 12.76% in , +0.14 pp year on year. Low and high at HomeStreet Bank since : 11.28% () to 14.88% (). Equity capital of HomeStreet Bank at : $615.8 mn, or 8.1% of total assets. HomeStreet Bank also reported a total capital ratio of 13.66% for , and a tier 1 leverage ratio of 8.74%.
On held-to-maturity securities, HomeStreet Bank carried an unrealized loss of $12,000 at , equal to 0.0% of equity capital. The loss narrowed by $33,000 over the year. Its deepest point: $1.5 mn in . The available-for-sale portfolio of HomeStreet Bank showed an unrealized loss of $100.7 mn at ; the loss narrowed by $22.8 mn over the year.
HomeStreet Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 8.7%
HomeStreet Bank: unrealized securities gains and losses
- Available for sale -$101mn
- Held to maturity -$12,000
Profitability and loan quality
For the year to , HomeStreet Bank earned a return on equity of 0.57%; return on assets: 0.04%. Net interest margin at HomeStreet Bank: 1.97%, +0.42 pp in a year. HomeStreet Bank net income: $1.7 mn, down 135.2% year on year. The efficiency ratio of HomeStreet Bank was 90.90%: about 91 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 1.13% of total loans at HomeStreet Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at HomeStreet Bank: $6.0 bn at , against $7.4 bn at .
HomeStreet Bank: profitability
- Return on equity 0.6%
- Net interest margin 2.0%
- Return on assets 0.0%
Peer group of HomeStreet Bank
The peer group of HomeStreet Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of HomeStreet Bank (state nonmember bank) and 0 have head offices in Washington. Against them, HomeStreet Bank shows CET1 ratio 12.76% against a peer median of 13.46%, return on equity 0.57% against a peer median of 10.59% and uninsured deposit share 10.29% against a peer median of 30.20%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Kearny Bank | State-chartered stock savings bank | NJ | $7.7 bn | 13.61% | 3.90% | 34.88% | |
| Horizon Bank | State nonmember bank | IN | $7.6 bn | 12.22% | 11.88% | 44.07% | |
| First Mid Bank & Trust | National bank | IL | $7.6 bn | 13.46% | 9.67% | 25.53% | |
| HomeStreet Bank | State nonmember bank | WA | $7.6 bn | 12.76% | 0.57% | 10.29% | |
| Bankers Trust Company | State nonmember bank | IA | $7.5 bn | 10.29% | 11.50% | 58.22% | |
| Comenity Bank | State nonmember bank | DE | $7.4 bn | 15.81% | 34.13% | 0.58% | |
| Forbright Bank | State nonmember bank | MD | $7.4 bn | not reported | 7.58% | 13.61% | |
. FDIC Call Reports.
Last eight quarters
Two years at HomeStreet Bank, to : assets $9.5 bn to $7.6 bn, deposits $6.8 bn to $5.9 bn, equity $705.4 mn to $615.8 mn. Staff 898 to 741; offices 60 to 61.
| Metric | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $9.5 bn | $9.4 bn | $9.5 bn | $9.3 bn | $9.2 bn | $8.1 bn | $7.8 bn | $7.6 bn |
| Total deposits | $6.8 bn | $6.8 bn | $6.5 bn | $6.6 bn | $6.5 bn | $6.4 bn | $6.1 bn | $5.9 bn |
| Bank equity capital | $705.4 mn | $737.7 mn | $726.5 mn | $718.1 mn | $741.3 mn | $598.9 mn | $608.5 mn | $615.8 mn |
| CET1 ratio | 12.64% | 12.79% | 12.67% | 12.62% | 12.75% | 12.27% | 12.61% | 12.76% |
| Return on equity (ROE) | -2.90% | -2.26% | -1.56% | -1.34% | -1.29% | -18.67% | 0.71% | 0.57% |
| Uninsured share of domestic deposits | 7.91% | 7.14% | 7.58% | 7.51% | 7.89% | 9.03% | 8.87% | 10.29% |
| Full-time equivalent employees | 898 | 861 | 849 | 836 | 804 | 773 | 753 | 741 |
| Number of offices | 60 | 60 | 61 | 61 | 61 | 61 | 61 | 61 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of HomeStreet Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Orange County Business Bank (FDIC certificate 57338).
- . Merged into Mechanics Bank (FDIC certificate 1768).
Questions and identifiers
What were the total assets of HomeStreet Bank?
HomeStreet Bank reported $7.6 bn at in its Call Report.
Is HomeStreet Bank the same as its holding company?
No. This page covers HomeStreet Bank, FDIC certificate 32489; HOMESTREET INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is HomeStreet Bank profitable?
HomeStreet Bank reported net income of $1.7 mn for the year to ; annualized return on equity: 0.57%. So yes: HomeStreet Bank made a profit over these months.
When is data for HomeStreet Bank next updated?
HomeStreet Bank no longer files Call Reports; its data ends at .
Where can I check the figures for HomeStreet Bank?
In the FDIC BankFind Suite record for certificate 32489, and in the Call Reports of HomeStreet Bank (RSSD ID 258771) at the FFIEC Central Data Repository.