# WHIDBEY ISLAND BANK
COUPEVILLE, WA · FDIC certificate 18412 · asset band $1-10B · latest filing 2014-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (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 | $1.68B | |
| Deposits | $1.47B | |
| Loans and leases | $1.04B | |
| Total equity | $205.2M | |
| Loans / deposits | 69.16% (p28 of band) | 80.83% |
| Liquid assets / assets | 33.30% (p67 of band) | |
| Uninsured deposits / deposits | 10.75% (p18 of band) | 22.76% |
| Brokered deposits | 0.07% | |
| Wholesale funding | 0.07% (p8 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.25% (p84 of band) | 9.78% |
| Unrealized securities loss / equity | -2.59% (p20 of band) | -0.17% |
| AOCI / equity | 0.86% (p63 of band) | |
| ROA (annualized) | 1.12% (p73 of band) | 0.87% |
| Net interest margin | 4.28% (p88 of band) | 3.48% |
| Efficiency ratio | 77.27% (p78 of band) | |
| Noncurrent loans | 5.69% (p96 of band) | 1.07% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 48.24% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 36.82% (p59 of band) | |
| Auto loans | $87.1M (8.35% of loans; DQ 0.78%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 1.4% | |
| Employees | 440 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | noncurrent p90 |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 | uninsured deposits leaving | noncurrent p90 |
| 2012-06 | 3 | noncurrent p90 |  |
| 2012-09 | 2 |  | uninsured deposits leaving |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |

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

- 2026-02-02 [Heritage Bank closes $177 million acquisition of Kitsap Bank - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNai1TTDFKZEw2d0J2bnd3REgtc2ZEdmNjei1DeW9tVGlfbGV0RHNDUGxnTGFpTTliOS1iZnh2Y2FIYlF2MnJoUVMtRE9PbzdfaXlMbVNIVGFuZFZ2MDhjYzktQzMwYlRtQlFCakVPM3VBb3BHLUlBODY2OFBIdzhLcjJwa2hXMUhfYzMxZnN2VHN6UkpTXzRWUUZNTUpwOEwwMHU1cQ?oc=5) · The Business Journals
- 2025-09-29 [Washington banks to combine in $176.6M deal - Banking Dive](https://news.google.com/rss/articles/CBMilwFBVV95cUxNRDVZSFRfeGE4dEdZczd4RG5KYXhrODRhNTNqVld5RHBteF9Ndl9NWEx0MnZXbEVMR1NNZHBMYVRGbHF2YTNZMHJtVmdYNTVwZjcyem40Mkx2ZDZ1Z1NVaDZGRS11MEZqTTc2N2U3YWZmYXhGbEVnN2gyUnVEZDhlOWIyMnRfR1FmRGQ2eEd4LWNxOTdVT1l3?oc=5) · Banking Dive
- 2025-09-26 [Heritage Bank to acquire Kitsap Bank in $177 million deal - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxQZlVsanZoWlJTUFBLbEJacHMwZFRCcFFKRmYwcW5ISXIzNmg1UmpXZnJSbTA4d1Bpc1EzZHNpNktORWktUmNOV2FSRWRtcTNCWlhOWENyNmZPSWg2Y0t5N0FCQ2Nfc3lCc3NRc08yd0FyM3NFcFJUUlBaNF83OHkyd2dybkhWMjFTc2F4bllDSERfcG90NFhRT1RISVI0a1JtNzlmNA?oc=5) · The Business Journals
- 2026-06-25 [Heritage Financial Announces Earnings Release Date and Conference Call - TradingView](https://news.google.com/rss/articles/CBMiywFBVV95cUxPUEYyeWFybVNUejhyS3VTTzBEM0NlQUFJUkFTVzZaNDhhemVqUTRXdjhoMEg0dEs3bmtULWhWUmRWOTFqaEgwdWdGSjl2X3A2R2s2dTRSZzlkLUs2MDFWRk9GMHJaS0JxcnJadEd4NUprU3E3VnpYdDBjaldtd2lTQlN2bTZUc3A1NjVFc0ZUal9FWkpMRHNtZlR5UEJrYy1HR3U4aG1nQ053TTJqR29xWWExN1d0YTJlV0xNdnFhY0U2S1JLc0hDazQ0NA?oc=5) · TradingView
- 2011-06-23 [Former Coug Football Player Charged in Shoreline Bank Robbery - Patch](https://news.google.com/rss/articles/CBMihwFBVV95cUxOTC01S3JHeEdGT2F4VS1UTE9VenRvLVhJWUJTTHZBbzM3WHpCZlI2b2FreENPVy1hdGx0UEwtV3Q0RU9TcWpNQTZHZWljREdGNlFRbmY2RWVPbGNOaEpYbmVXWlg0OUhMQXRLMTBFbW42MWVHa2RhMGc3VU9IdGdlY0ZtTWhtTEE?oc=5) · Patch
- 2018-03-25 [Robert Iddins Obituary - Langley, WA - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxOcE5iNFZPM2k1enJzWTZiOHYtMEhnRGJWQ1I0eHY1dVFVZ2V5X19oMTJkZlRWb0FjN0lYampRV1dXQ1VmWlk2RGMzdXlNYmppcUtlRlMyQlBjeXVCR1diQUVZVngzQnpUQ043Sk91YW5KVUlGUmY4OEQyS2lXZFpXNg?oc=5) · Dignity Memorial
- 2013-10-23 [Heritage Financial, Whidbey Island bank firms merge - The Business Journals](https://news.google.com/rss/articles/CBMilAFBVV95cUxQbXVtWkFDV0dSMTlidGd5ejJ6eFhHd3UxSTJKX2NCZUlQVmdONGRzYXljakJFbVFzLWc5TWh6UThTZVVoSXBNWTZkYUNPbnhyMndieFhnMTlSVDRDcmZQTm9zUEdTdnlBNmNzWW44dXlpYzd6a0lLUEdUMzFGSlgtczM0eVBFSVRaWllvQ292TUJrQjZo?oc=5) · The Business Journals
- 2012-10-15 [Accused 'Tour de Banks' Robber Held on $800,000 Bail - Patch](https://news.google.com/rss/articles/CBMijwFBVV95cUxQVW1OSE92dHNCOFQ3QTBVaF9uNGpuLTMydGdvY0F2NlM4cHhidkx3SkFVQnBQdnE1OUZ2Y1FvMmF0YVZXQnhSc2NSZFJYbVlEcU0yeXFPeXNkZDk5TTdfc3hwMFhwUG4wVXUwQXRJVkpyay1VazI2b1lQNXQ1UGVCUmRQMFVJUXBzUFNkRzVYZw?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18412 (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/44.json (key "18412", 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