# ISLANDERS BANK
FRIDAY HARBOR, WA · FDIC certificate 23469 · asset band $300M-1B · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $346.5M | |
| Deposits | $318.1M | |
| Loans and leases | $179.4M | |
| Total equity | $27.6M | |
| Loans / deposits | 55.51% (p12 of band) | 77.21% |
| Liquid assets / assets | 46.84% (p86 of band) | |
| Uninsured deposits / deposits | 22.24% (p41 of band) | 24.45% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p10 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.87% (p6 of band) | 9.86% |
| Unrealized securities loss / equity | 3.13% (p55 of band) | 2.64% |
| AOCI / equity | 1.37% (p47 of band) | |
| ROA (annualized) | 0.96% (p41 of band) | 1.08% |
| Net interest margin | 3.47% (p47 of band) | 3.52% |
| Efficiency ratio | 62.74% (p44 of band) | |
| Noncurrent loans | 0.53% (p53 of band) | 0.49% |
| Net charge-offs (annualized) | 0.01% (p46 of band) | |
| Reserve coverage of noncurrent | 300.11% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 28.33% (p43 of band) | |
| Auto loans | $475,000 (0.26% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 21.6% | |
| Employees | 45 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)

## 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 | 2 | deposits shrinking |  |
| 2012-06 | 1 |  | deposits shrinking |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 0 |  | reserve under noncurrent, capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | capital falling |  |
| 2015-12 | 0 |  | capital falling |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | reserve under noncurrent |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 2 | uninsured deposits leaving | reserve under noncurrent |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 | capital falling | uninsured deposits leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | capital falling |  |
| 2018-12 | 0 |  | capital falling |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |

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

- 2020-07-24 [Banner Corp. announces merger of Islanders Bank - East Oregonian](https://news.google.com/rss/articles/CBMijAFBVV95cUxNQ0ZpUkg2bUdaanJxYkVnaWY2S1hUc2V0MnBlRmRPVWU5bHEzcVhMNk9oTEdWOS1oYXFia1VmbXhkTGljMlBYTUs4Z2w5am5ubEQ4NjZnZWRDdTdnd1VBQXpPdGU0cjBkYkptM1ZDVklWZ0tYUHJjSWpLTmN6ejU1MnFzVE1XTVBJUlZBTA?oc=5) · East Oregonian
- 2019-07-25 [Santa Rosa’s AltaPacific Bank to merge with Banner Bank of Washington state - The Press Democrat](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNTXlqODlWWFFyb3hIdkdTR1FsM2lXNHNKUDFSZ0dqaVJUZTBCbmtWNzM1T1owR0U2QlpPd1JUbHJwSUQ3Wjd4bVF4Y3d2LWVrbDI2ZktGZ3RXckVoOXVUanZESzZhYnRlQjBNc2tkbmh4Rnlqb1Y1dVhyMlJJUkN6WXVjTTdrQzh0c3RwaEJPcV8tcURMVFZrYXFqNkVKa3BUbDFRekEwNVJJX3dBdE5FM2ZJU3E2RDZtcHVRT01DMU9nOVdieFpYdkxXNGJ6X19rX2s4?oc=5) · The Press Democrat
- 2020-09-21 [CFPB announces advisory committee members - Consumer Finance Monitor](https://news.google.com/rss/articles/CBMilwFBVV95cUxQS21jN0FneDhPQUVjdUhmTEdpblpSMW5ORzRqeXl5aWYwSncxbDJmV3MtUi00QUdKRVhOMHRYWmM5TXJzam40X1NfTE9La0F2S1pVU2lxcXJ3Rmh3Qk1zeXgtaEpMQWFtV2Z3VHZmY0lOZUZPOTItdFAzM2kxenYwZFBRMjZFQXE1cUtqdGdfNHpDSTNGelUw?oc=5) · Consumer Finance Monitor
- 2019-06-28 [Banner Corporation completes merger of AmericanWest Bank - Clearwater Tribune](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNQmdkRDVYaXowUmdVUXlneHRWNnpwam10V0pyOXpPdnlmYlJwMURKQmFxdHlBM3NFWVpneExEak9GNkgtYjhfTDlZdFdidFpvd0gtQ2RXY0RUcW1yTGJyelZFY2FFNzFodUd1WjgyT18tTmQ1Y1BTcmFSRnpoZlRkUHVsa2JjVEM4Wmh3TGRVRzJwcFNXUlV1c3FrQ2VCa0JLcTVGVGFCUm1vWnk2cG1HVU9DckFUMXpMVlQxMENERXR5QmppWE5CRl90WlVnaExEZnFDc3lhdzZuTTJKal9jN1h2Q0R6MHNsMUt6Rm9B?oc=5) · Clearwater Tribune
- 2011-06-17 [United States Attorney Jenny A. Durkan Western District of Washington - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMifkFVX3lxTE9iSzBuNGxVS2NwMVZENzdnS3M1WUJUNmFfMHFwY3hmY2tyOVFVdnJ5TzQ1Y3FCY1RsN0xKeGJhM1pJT0RhWU1BX1FoSE04NjJlS2RKZGJxakx3TmNDNHJRbEFoVS1MZG9PS01yajRyak5Jc0VXUWRTVE5DVmZLdw?oc=5) · Department of Justice (.gov)
- 2010-04-12 [Scott B. Lukins, RIP - The Spokesman-Review](https://news.google.com/rss/articles/CBMic0FVX3lxTFBXcVZnQzIxc0RFY3RWLVYzMk9iMGFSYzNKdkppVmV0MkJhLWpJWkNQNTEtVEZ0YTZWRmpyS2dMNGktYk1FUzZheEN4a01QZjVTVlQtdTRpbDc4QnhueEZEOTZiRGtGWUtYMU8zSXRwc2xrSDQ?oc=5) · The Spokesman-Review
- 2009-12-30 [Tracey Levine’s work at Enzo’s - Islands' Sounder](https://news.google.com/rss/articles/CBMie0FVX3lxTE1TY0VWVndlSHJia1R2dVQ1OENLSHM4cWhuMW9HVF9HM1RjZkpsc3dfTG10OFJrVmRKMlRQSzRYcmtTdGpVTjlvMnBJcjFla3hlZDhfV3hYRGdnbUt6WFdIZzVydGZIczVSUWVtOWpvb2hYTk85UjRrUmVxOA?oc=5) · Islands' Sounder
- 2011-06-14 [Former FHLB chief could be new Wash. bank regulator - The Business Journals](https://news.google.com/rss/articles/CBMikAFBVV95cUxNMFZqejFfckYzS2Nia19aYWZEX0NnUFpST09uWTNXUktJVTRUTm1CQlRSOUIwcE4tSERiT3Jzbzk0dUYzMElhMHhNRE5hS2t1T3JPb0pTU3FtSFZkeks4Q2JCcVZ1bXRqdDVBZkNkWG9EdWJLaFRMYzMxaFQ0SHFZTm9NZlVIUlVxLVJSTHZKZ24?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23469 (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/45.json (key "23469", 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