# WASHINGTON SAVINGS BANK
PHILADELPHIA, PA · FDIC certificate 29281 · asset band <$300M · latest filing 2020-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $158.8M | |
| Deposits | $133.6M | |
| Loans and leases | $128.0M | |
| Total equity | $13.3M | |
| Loans / deposits | 95.28% (p87 of band) | 75.62% |
| Liquid assets / assets | 12.98% (p7 of band) | |
| Uninsured deposits / deposits | 9.11% (p20 of band) | 16.17% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.93% (p77 of band) | |
| FHLB advances / assets | 6.93% | |
| Tier 1 leverage | 7.94% (p3 of band) | 11.43% |
| Unrealized securities loss / equity | 0.14% (p40 of band) | 0.53% |
| AOCI / equity | -0.20% (p29 of band) | |
| ROA (annualized) | -0.43% (p5 of band) | 0.92% |
| Net interest margin | 2.67% (p10 of band) | 3.67% |
| Efficiency ratio | 114.08% (p96 of band) | |
| Noncurrent loans | 0.47% (p46 of band) | 0.57% |
| Net charge-offs (annualized) | 0.13% (p89 of band) | |
| Reserve coverage of noncurrent | 124.16% | |
| Real estate % of loans | 96% | |
| Construction % of loans | 26.71% (p63 of band) | |
| Auto loans | $1.3M (1.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.4% | |
| Employees | 31 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | leverage <7%, securities losses >30% of equity, losing money, expense ratio p90 |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 3 |  | leverage <7% |
| 2011-12 | 2 |  | expense ratio p90 |
| 2012-03 | 1 | uninsured deposits leaving | securities losses >30% of equity, losing money |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | losing money, expense ratio p90 | uninsured deposits leaving |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 3 | reserve under noncurrent |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | reserve under noncurrent |
| 2014-09 | 3 | reserve under noncurrent |  |
| 2014-12 | 2 |  | reserve under noncurrent |
| 2015-03 | 6 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-06 | 3 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-09 | 2 |  | losing money |
| 2015-12 | 3 | uninsured deposits leaving |  |
| 2016-03 | 0 |  | expense ratio p90, reserve under noncurrent, uninsured deposits leaving |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | expense ratio p90 |  |
| 2016-12 | 3 | liquid assets <10%, reserve under noncurrent |  |
| 2017-03 | 5 | losing money, uninsured deposits leaving |  |
| 2017-06 | 6 | capital falling |  |
| 2017-09 | 3 |  | reserve under noncurrent, losing money, capital falling |
| 2017-12 | 3 | loans exceed deposits | expense ratio p90 |
| 2018-03 | 3 | losing money, expense ratio p90 | uninsured deposits leaving, loans exceed deposits |
| 2018-06 | 4 | loans exceed deposits |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | capital falling |  |
| 2019-06 | 4 |  | capital falling |
| 2019-09 | 4 |  |  |
| 2019-12 | 2 |  | liquid assets <10%, loans exceed deposits |
| 2020-03 | 3 | capital falling |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2015-10-27 [Robbery of Washington Savings Bank Branch in Philadelphia Last Week - fbi.gov](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPaTQ3Zjd4TUphZGpWUmFTUTE2dVlfMzNhczdPVnVWYml6Q2FSTHVlbi05aUFVbEpTbmR2U3FkbjdBVnBFbERLekJnMWFZb1dNcUNXVk9YNDlRNTR2cVVEWWJjekZtZ1R0aDF5Y3FzOE1OUU9zbUFDQ2VsRFlvQlFBZy1wTFBmUXVWNmF6U2ItdDV1NjhLYzBxaGJ3aGlPLXVSS3ZzQTJyUWpzUDVRY0xWcEs5cWZDMG1jemdNR2JfX3M2ZVVwMTc4UlN6d21Jd0hDZkdKVTl0Y3hILTVDbkE?oc=5) · fbi.gov
- 2019-12-07 [William Penn Bancorp to acquire two banks - PhillyBurbs](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOVXFRZGNHZ19yRUcxeXM4SjdqSWUzX2FfTjVEeUI4bGV4VDRaczgxODZTYi1TNnZJOWJfeHVXdTJlZW1OUTFYQzdieVhsbGxxc1J3a0lHaWxTcGdtazkzRzcxb2FQb2t3Mm1fNm5nNVc3Y0VMTUt6bmpXR3ZycjBWdTJPaG9oXzVVcGdNRGxkOEVucE1KQklxYUVTdXhWWG5fOTlZNG81dE4?oc=5) · PhillyBurbs
- 2022-01-25 [Washington Savings Bank acquires naming rights at EHS stadium with $250K donation - Effingham Daily News](https://news.google.com/rss/articles/CBMijgJBVV95cUxPbF8xNzgtNHFrZ25rVXY0Tlk2YXV5NnNhWFZjaE1ycG5xTDh2UmU0QUFfNGZIVk9MY01EVkJKV2VMYmlaVDdBQ25KdzVWOWVxVlpsRnJFTDZ5U3phSTR2c0RUanU5QnNxaFBXTXpHWFJkN1AzU2NRSXZZR18tbTJRdEdPdWVXNlpQSndGcHkyeXFQQU1OQ0xFTzJuWlV6WDRrWnctSldzLTdUTUJhc3pmQVUzd2d6MnJiTUxSZWxaWEF0bTR1dTMtaFRKSVdzUXJkLTRpUHZiR2YwUjhBSFltcm8temZhVWsxLWNObk1DZkkzREZIWWNDTHlEblNEaXRiYV95dmR6REctMW1nSVE?oc=5) · Effingham Daily News
- 2019-12-09 [Philly FinTech: Richard Vague bets on WealthHub; William Penn Bank adds Fidelity, Washington - Inquirer.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNV1pLS1N5U1B5aDk5MUM2dVZfdWpuaVd6d3Z1emNHLWxqU1JiQTdrSENUdnRDQXpidzZibWlTbHdpc05NUUx5MGZOcHN1WE1Xc2FfSlBuV2dLMnBydGlPR1ZvM1lLQ3ZwdUUwRlFVd3MxNFh0bm12alJxZDVtUGRiNXNB?oc=5) · Inquirer.com
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes
- 2020-05-14 [Pamela Minervini Obituary (2020) - Allentown, PA - Morning Call - legacy.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNNEJTUlI0cS1xS1pYbDZXdXFyeTBjUGdpUDJaTnVhdV81QVZfVXdjZzBON3VtZVBiNEZwckllU29iODktV0dWYlpmUEl1a2xxUlNmT2hNb2pGNDFNTzl6T29LaFhCam95U1NUbHdpUEZKaUVTeFdVYnNDN3ZZelg2OVNHdmE5Y29SQnVGNQ?oc=5) · legacy.com
- 2026-02-14 [William J. "Bill" Feeney Obituary (2026) - Naples, FL - Joseph A. Fluehr III Funeral Home, Inc. - Richboro - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQX0xIejBBQW5FMDFuX0hnMW5NbnIwaHN6Y0FVVkVTb2paR1c5WnFTYU5BMURaTi1tajFDU3NBd3dscUUyaG80VzJZZnB5VkJ2cTA0Rm5yODluYWpMeGplRlVRVUtBMWtIMWNRcC1BeUhmT0xVMjQ2d0gzYjgxVEEzbFN5VQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29281 (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/33.json (key "29281", 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