# WAFD BANK
SEATTLE, WA · FDIC certificate 28088 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $27.58B | |
| Deposits | $21.05B | |
| Loans and leases | $20.24B | |
| Total equity | $3.03B | |
| Loans / deposits | 95.11% (p83 of band) | 85.78% |
| Liquid assets / assets | 20.75% (p43 of band) | |
| Uninsured deposits / deposits | 31.10% (p31 of band) | 38.39% |
| Brokered deposits | 5.48% | |
| Wholesale funding | 17.31% (p84 of band) | |
| FHLB advances / assets | 11.83% | |
| Tier 1 leverage | 9.21% (p24 of band) | 10.17% |
| Unrealized securities loss / equity | -2.58% (p79 of band) | -7.43% |
| AOCI / equity | -0.46% (p42 of band) | |
| ROA (annualized) | 0.99% (p28 of band) | 1.24% |
| Net interest margin | 2.87% (p20 of band) | 3.57% |
| Efficiency ratio | 52.58% (p44 of band) | |
| Noncurrent loans | 0.63% (p47 of band) | 0.66% |
| Net charge-offs (annualized) | 0.02% (p18 of band) | |
| Reserve coverage of noncurrent | 168.40% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 43.88% (p70 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $31.9M (1% of equity) (p26 of band) | |
| Deposits YoY | -2.1% | |
| Employees | 2054 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | capital falling |  |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 3 | assets shrinking |  |
| 2012-12 | 1 |  | wholesale funding >15%, assets shrinking |
| 2013-03 | 2 | wholesale funding >15% |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 | capital falling | wholesale funding >15% |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 |  | reserve under noncurrent |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | reserve under noncurrent |  |
| 2015-03 | 0 |  | capital falling, reserve under noncurrent |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | wholesale funding >15% | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 3 | loans exceed deposits, capital falling |  |
| 2018-03 | 2 |  | loans exceed deposits |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | loans exceed deposits |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 1 |  | wholesale funding >15%, loans exceed deposits |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 1 | wholesale funding >15% |  |
| 2020-06 | 2 | capital falling |  |
| 2020-09 | 1 |  | wholesale funding >15% |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | construction >100% equity |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 4 | loans exceed deposits, wholesale funding >15%, capital falling |  |
| 2023-03 | 3 |  | capital falling |
| 2023-06 | 3 |  |  |
| 2023-09 | 4 | charge-offs p90 |  |
| 2023-12 | 2 |  | construction >100% equity, charge-offs p90 |
| 2024-03 | 3 | expense ratio p90 |  |
| 2024-06 | 1 |  | loans exceed deposits, expense ratio p90 |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | assets shrinking |  |
| 2025-06 | 1 |  | wholesale funding >15% |
| 2025-09 | 0 |  | assets shrinking |
| 2025-12 | 0 |  |  |
| 2026-03 | 2 | wholesale funding >15%, capital falling |  |
| 2026-06 | 1 |  | capital falling |

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

- 2026-09-08 [WaFd entering $3.9 billion merger with Florida-based EverBank, creating $75 billion banking giant - MyNorthwest.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE5MckRLSWRkaDdnMk9kUGV1TU81VkVUck0wbkhKQkVyMEtCenNmLXB1aExMb2ZSQjR0RGNrbXdOUW9veFdZMV9RbUwzUzUyRHZneHczeG5BYzhYMmRYai00YVVaVEwwMk1SZl95cnRsckk?oc=5) · MyNorthwest.com
- 2026-09-07 [WaFd agrees to $3.9 billion merger deal with Florida-based EverBank - The Business Journals](https://news.google.com/rss/articles/CBMijgFBVV95cUxQd3QxMUNLOHdMWFhzSEdfWTBOczdZbldUUVdXcWpiZjRKanRnZHhNWVVQeHg3OVctUVIyNjY5bWpOekgtWnYyUy1fOXBFYW1JZ2JKNGgtVU5kU09kRkg3T1c3WmNiVEVpa1BwWVRnbUdHdzBDV01qNHd3MnVpT1B4RXNhY1RRUUZBZzFDaExn?oc=5) · The Business Journals
- 2026-08-11 [Download The New Go Huskies App Powered By WaFd Bank - University of Washington Athletics](https://news.google.com/rss/articles/CBMingFBVV95cUxQTmw4OENGYWZSMnBtaGpZUGc1MVZqWDNrZXBzQTl4aTdMMzE4MXE4RkVfT0QzRkZBek9XbGk0ZlhnaDZPa2I4cVN2N2hwMUFxSXRYV2htTUpLS0JTTk1uekI5OHpxQzV6cGVzSUdMUE9RcjBHdWhfbnB6VnctUXYzS1NTZzV3X1Uwa3Zwa3hOVGViS044WVktQWFETjJWdw?oc=5) · University of Washington Athletics
- 2026-07-28 [WaFd Bank Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBqc3dWRDhhTU1tRXc2Yzk4cGFTbjMzYVdQNFpTa1JlZGdqMzRQSFhKc0xvYjNoZE5zNk9Ca1VKUDEwVzJaa0VRTHh5MGlLSkFTTmNjQ19iaFRNLUxUdmRjVG5ST3pNWHpZ?oc=5) · reveliolabs.com
- 2026-06-17 [WaFd Bank - Forbes](https://news.google.com/rss/articles/CBMiVkFVX3lxTE1qMm9PMmh3MGtYZGRNNnJCdkpuNWZwWWNKdmFVb2NNVmd0dmFjZ204T21NQXdfMHJqUUpWZXg1QlNLSm8xUm5XTDZwbmlDbm1oU3BhX3lR?oc=5) · Forbes
- 2026-08-05 [WaFd Bank Donates $100,000 to American Red Cross to Support Spokane and Eastern Washington Wildfire Relief - Yahoo Finance](https://news.google.com/rss/articles/CBMilAFBVV95cUxPYmY3dFh2M3ZVMUhCREt6eE95R3NPUjNFMER0b29GcVFkeHNjQUtEaU80bl93anl2bEtMLWYxUFJqWGtrcEJHN3JHVnlPUy0yX3dIQlVLeW1UNVNNZEdYbG1adm9maExlbHptMUMxTlBHOFRxaGZ3eWRLZnUxaWUzNGNWcTlnN0ZNOHRkcTFjRU9USDAx?oc=5) · Yahoo Finance
- 2026-04-16 [WaFd Bank (NASDAQ:WAFD) Beats Expectations in Strong Q1 CY2026 - StockStory](https://news.google.com/rss/articles/CBMiugFBVV95cUxOSktRUF9zeWVfMXF2QTk3ei04LUVzSXVMTXdUQzVkZFlFaU5BVmJfX3V5NVBVM05NZnJZcHFyTlJzX0FxNGFEdGNnaGljVXByWVNKbEZvSWNvUFJ5b0h1eUdBX0V2aWNxWS1HZ0lSZ1N0NlMwbWlnZWRidGRNcHZLNGZVaURUeFNCV0JZUjd1WHJndHlUMTJwODF2Mnk0cFd3V2swWmR2X1JiVklBektwOWl4RDk3bG1mQ0E?oc=5) · StockStory
- 2026-04-02 [WaFd Bank Named Official Banking Partner of Network of Giving Foundation Across the United States - Business Wire](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNSTBVZ215eWpNQWRhU3J5amQ5VU9jaUVWeFd0R0l1WVlCTHJjNUpEcnYzVU5ENmN4M2RyMF9GRUJzeVBlWTA5V0FxRXRqQWJSazFyd3RBMXVZa1lLcl9TRFlfMWZWeWV1M016eFREX1l3d2t6MTRnc3NKd1JhN0tpNFNmN2VWaklrNDRodVlwNG96YS1PUG1aMldHd1lJSW9hczBBWkhSR3o2dUNua3dkUV91cnBkRHRZWmlFeW10TTBBZERGVXZyaWtHVGFyZ3J1WFRBZXlaeGVEYVdsaWJMTVhiVF9qZkdsTVE?oc=5) · Business Wire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28088 (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/56.json (key "28088", 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