# SKAGIT BANK
BURLINGTON, WA · FDIC certificate 17874 · asset band $300M-1B · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $919.1M | |
| Deposits | $819.7M | |
| Loans and leases | $603.9M | |
| Total equity | $81.9M | |
| Loans / deposits | 72.90% (p25 of band) | 86.40% |
| Liquid assets / assets | 31.11% (p72 of band) | |
| Uninsured deposits / deposits | 18.53% (p38 of band) | 21.53% |
| Brokered deposits | 1.06% | |
| Wholesale funding | 2.61% (p34 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.48% (p27 of band) | 10.49% |
| Unrealized securities loss / equity | -9.86% (p12 of band) | -3.26% |
| AOCI / equity | -3.82% (p23 of band) | |
| ROA (annualized) | 1.25% (p62 of band) | 1.12% |
| Net interest margin | 3.69% (p46 of band) | 3.75% |
| Efficiency ratio | 64.10% (p45 of band) | |
| Noncurrent loans | 0.13% (p19 of band) | 0.51% |
| Net charge-offs (annualized) | -0.01% (p18 of band) | |
| Reserve coverage of noncurrent | 839.87% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 64.32% (p70 of band) | |
| Auto loans | $48.3M (7.99% of loans; DQ 0.23%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 1.2% | |
| Employees | 166 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 0 |  | reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-07-26 [Banner Bank to acquire this community bank to expand presence in Western Washington - Bellingham Herald](https://news.google.com/rss/articles/CBMid0FVX3lxTE1HRjhNam9MXzhKS3JGMWxNYXoyNzhQb1J2amlJNHhmZk8yd3p6YlhZM1NjRDZQZUE1b296aGg4N25kaE9XTnJpcmdieVB1d2VGeGdsLXJ5M0lJUnlaQVBHM1lwd25DUkJQbGRpempIMlZ3SFZoREJz0gF3QVVfeXFMTnVlVDdFc2R5WGdKWkY3WmRGb2lHaGFLQWlQTC04Ni1wdHRvWFhuY1FtcFRJSHAyMUpjZTBfU3BFNUJoeHU2ZFF3aHdtS1JpVF9RSG92NlFhOHJWQU5MeU90a3FCdXhJOWNkaFBUQ3RzSEhPQnJHeUE?oc=5) · Bellingham Herald
- 2025-08-11 [Briefs: Bellis Fair more local, Skagit bank sale, top Whatcom companies - Cascadia Daily News](https://news.google.com/rss/articles/CBMisAFBVV95cUxNMXJ0Y2wzb201dlVHWjJYWGRaYWlyNHA3MGdZeDRVaGdXXzRVeGh5bkdDNEI4VmlWMk5ZN3B6UTRSRUpTYkRuM2M2anRRdWswWUNvZEZOa05RUExBWGRJTERJaE50NFZocnV1TmFtUGhXRHhDWnkzS09MVS1GejJjNkxDdVQxMUdpOWZRRklZTF9VemsxOVBnYlFsY29ScmxmRlhoRE1HLXRiZ2dkbkhlUw?oc=5) · Cascadia Daily News
- 2024-07-22 [Friends renovating former bank buildings - goSkagit](https://news.google.com/rss/articles/CBMiyAFBVV95cUxOYW90cGJpRDZOVDJBRHBlMHZ6NHlXUjdEZm5hNlpweXBGeEc3eFVXZlNXNmd0RzMxMGo1a0ZTN1pJd0JoeGxROWt0ZnAwVW1YOFRlb1lUZUdPN0xYd2RzVWRDWHotdFZhUUZPWUtPdlZpRFpFdGJCN3diRWJKWE9pVHV0YXRULUFnaVBROGJWbTdJaFprdGoyRnlPVVprYjBLSFVOUkNnZnZYR2dtVmZsZ2ljY0FrOXNHeHdjYlJXSG5Cbm1aY25uZg?oc=5) · goSkagit
- 2019-04-15 [Peoples Bank Announces New Commercial Banking Officers - WhatcomTalk](https://news.google.com/rss/articles/CBMimgFBVV95cUxNdGVfXzR1X01aaEV3UXV0YU9hZm5yY2tDeWRsSlpzZGY1dTIxRmlobnUzeFpXUU9aVzRwNGMxRGx6Z2YwZGc0c1J0ajRhZy1UWjJ4TkdrOWtxZVV5QUQ0Ml9UVVNETm1aZjhCbjlFT1A4cTA3ZTlpeFJScW1XTWNlYWplZWJDcXlwLUZHWVVtbnZLMVhQbGpZWnNB?oc=5) · WhatcomTalk
- 2018-08-06 [Cory Willard - Seattle Business magazine](https://news.google.com/rss/articles/CBMiV0FVX3lxTE83Y3ptMjNnNlZHOFJUeEM5UFRjRVpqS1RSV0NPOWdxMUV2RTFmbnBRLUpHU2s3YUpmejlxWHA4ZjVBalF2alZSQjZtQkp0RFctNGNGM0lOQQ?oc=5) · Seattle Business magazine
- 2020-06-16 [CHERYL BISHOP Obituary (1949 - 2020) - Mount Vernon, WA - Skagit Valley Herald - legacy.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxNY1htN3pWdHpRelZnZkRCaUFHNFNwYTh1TUtjN2Z5ZmN0eXAxMmdkVVRPSUtacWw3LTZvUDR6akRuQ1FrajN0WUcxMXYwdFBtWFR0bVR1X296aHhoa2lKS0laMzVQbXlIOE5ETXZlNUdQUTRxM3JTMEttZC11Z1RCclJCQk1Gd2tFeno0SXExZlFEcnlId3IwUlpsVQ?oc=5) · legacy.com
- 2021-10-09 [SARAI LARA Obituary (2016) - Mount Vernon, WA - Skagit Valley Herald - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNV2lkLVljOW1zUnlmZnpheE5RcXRWOGtVSXRKWWgyNUdibnFNSTBQZUVFSl9Bd2xINTh5WTVwVmtlWHBjWFVIMHpZc3hhXy12dXlrUlZXdTZkMTZSMnZlVkFkX3g5eHBTalJkOXg0RktiYkhmWnJGd3AzbzVOd3JGcEtSaC0taVk1ZTRaVC1FSnNiR01Sa0pV?oc=5) · legacy.com
- 2022-09-09 [ANDREW EBERLI Obituary (2018) - Mount Vernon, WA - Skagit Valley Herald - legacy.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxOOGZxZkhyTl9kVldpV1RYcFF2YkNhaVQ5VHVhUThkSjBpSm53alprUXJaUVVDbUlOaEN4X3E4Wk1MVnBlQkowLTRMSVpsVkM5aUJNMmF6cW53VkQ3azY2THBSeklOelZXM0tSMWJvSk9lMWQ2dkZMUzR1YlJUNi1WMGhFdW8yWURCMEhTeFhkU2x4eWpCM0NpVFdmdw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17874 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/18.json (key "17874", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide