# BANK OF WASHINGTON
LYNNWOOD, WA · FDIC certificate 34214 · asset band <$300M · latest filing 2018-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $206.3M | |
| Deposits | $174.3M | |
| Loans and leases | $173.3M | |
| Total equity | $20.2M | |
| Loans / deposits | 98.01% (p88 of band) | 77.51% |
| Liquid assets / assets | 11.87% (p8 of band) | |
| Uninsured deposits / deposits | 16.84% (p54 of band) | 15.78% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.38% (p68 of band) | |
| FHLB advances / assets | 5.38% | |
| Tier 1 leverage | 9.75% (p24 of band) | 11.30% |
| Unrealized securities loss / equity | -1.55% (p54 of band) | -1.85% |
| AOCI / equity | -0.74% (p51 of band) | |
| ROA (annualized) | 0.47% (p17 of band) | 0.99% |
| Net interest margin | 3.42% (p27 of band) | 3.82% |
| Efficiency ratio | 83.99% (p83 of band) | |
| Noncurrent loans | 0.31% (p39 of band) | 0.53% |
| Net charge-offs (annualized) | -0.02% (p10 of band) | |
| Reserve coverage of noncurrent | 462.64% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 99.70% (p95 of band) | |
| Auto loans | $5,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.7% | |
| Employees | 45 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 4 | losing money |  |
| 2012-03 | 6 | expense ratio p90, deposits shrinking, assets shrinking | construction >100% equity |
| 2012-06 | 6 |  |  |
| 2012-09 | 6 |  |  |
| 2012-12 | 6 |  |  |
| 2013-03 | 8 | charge-offs p90, uninsured deposits leaving |  |
| 2013-06 | 4 |  | losing money, expense ratio p90, charge-offs p90, uninsured deposits leaving |
| 2013-09 | 4 | expense ratio p90 | noncurrent p90 |
| 2013-12 | 3 | capital falling, losing money | reserve under noncurrent, deposits shrinking, assets shrinking |
| 2014-03 | 1 |  | expense ratio p90, losing money |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 3 | losing money, expense ratio p90 |  |
| 2015-06 | 2 |  | losing money |
| 2015-09 | 0 |  | capital falling, expense ratio p90 |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | expense ratio p90 |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | expense ratio p90 |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 2 | capital falling, construction >100% equity |  |
| 2018-12 | 0 |  | capital falling, construction >100% equity |

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

- 2025-12-25 [Washington - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxPOHdtODhCYTFpVGNBalVIN05VcWIyd0JwM29HdHlEVDBjVXZuTXMwRTA1SXJGZUo3N3R4Y1dKUUNPenhPRHdMZzhTQjZBYmtpdGlLcnZET3ZWaDNEUmZMek9ublRCOWIzZlI0WUZxbzd4bDcxMmhWSnpTLUZoS1N4RXBDYm4tNEVpWG0xUDZsSlhJUQ?oc=5) · Newsweek Rankings
- 2019-06-28 [The National Capital Bank of Washington Now Serving Fox Hill Community in Maryland - PR Newswire](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQM2tPQ3VVM28xa05RYURPWHc3czZCUDRfbEtDOWd5ejdab0FoblBLQnQyQmJGS19VZmdqei1BN0NXVVpteVRmNi1NVVV2dTZ4ZDZOSERBUW15S2gyb0lENUQyTUpjQ2pTTTZwcHhTWlBuNDVGVDZSM05PcEU0eEhlc3Z2c21odk1PVW42VXZMS0hQTzVld1RGcWpaQzJFRXNnVVBmek9Yc2RDZGpLa1EydHNlUDFNZVFPZFQyelpQamprNmJBUFg1ZWg0UVhJdTdsU2VXUg?oc=5) · PR Newswire
- 2016-06-17 [Kelli Nielsen Named New Senior Vice President - Retail Sales at 1st Security Bank - newswire.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxQdjZlc2p0N2FYOWJ1N0g2TFh6aUJKVks0VWZtZUhQQzh0SWpET25CcV8tc1EyWEhNU2lKRnJKb2ZnY3BEZWJGZ2RDZnRZaU54R1pXZ1pMSEdHZm9faVdYRGNXcmtic0pfblpDTnZYM3FJR3hJamlTOXIydmFYbHhqa0FkTzNpTXJ6V3d4WEg5dy00QjdBa09VLVMwbnYxS2VzbWM3MzBVSQ?oc=5) · newswire.com
- 2016-02-12 [Suspect believed to be 'Beardo' bank robber booked into jail - KIRO 7 News Seattle](https://news.google.com/rss/articles/CBMilwFBVV95cUxQZFlQc2k4Y19NX3FEMU1OVHFlaTg0M0plQnhvYlJORVRoUUhjMERJOEJaa1R5T054dlZwV0phX19ybDNUQzFuOGlYYThIblJJd1NmNTBVY1JhSjBDTDdFc0xOYzFkSW4zbzdCejNoRnA2cEM2LXREUTRuWDRjRWoyWkRJVjByRV83Q0xQSXBMWkFrU005ZHJz0gGrAUFVX3lxTE1CWHVVSGppbVE3Y0NBRXF5YkhtWTEzX1ZjdURTQXFMcm5mbHlOZnFuTm82cjl3X1lFVEJDdVpXOF9uQ1o2WFhEUlpfUWlVU2dqbUhjLUIybV95NWZ5WTRDcVlkbWJsUExZZEJTMFZpaW44QjZVcFZMcWVNWWM1eVRaLTl4MXNXLWpNTGx2amQ3Mm1yNXNESDZVelI5SU9aNWFZZWtSSC1nOTNBbw?oc=5) · KIRO 7 News Seattle
- 2024-02-08 [Peter Frost Obituary - Seattle, WA - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE9lRGpzVUJaWnY5VFJTanJlV0RULU1wdUZyS2FUTVl2YUFBQlIwMEFXTWwxa2R2MDVpLWZxVGpZSTk0ckZOQ3JJVXc4V3FPUi1xOU1ucTktLWdMQnhQVl9SbDM5T2NYdmx6THJJMldpOHMzUlMwWE1RVGJETXlHcDQ?oc=5) · Dignity Memorial
- 2021-12-17 [David Friedenberg Obituary (2007) - Seattle, WA - The Seattle Times - legacy.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxOWVJSd2hodXU5UWxueHRvQ1R5SW1mcU10WlZxZGo4YUxtU09sRFFZM1h4cjRnd2g5MHpfb05ySDhaY0tLNjJEeXlZdWpIN3MyZGdYeEV5NnlBeHpFOVN5ZmQ1ZUE4U2FsUktEeWZCeFlWMnVRRklXbHd2c0dVX0FjWGxOODZGQWJsdzVORzVHMnIwdHRjMWhZNw?oc=5) · legacy.com
- 2011-11-23 [Ralph Williams Todd Obituary Nov 23, 2011 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE0yVXJFYjVEY2hjdkFJeEN4WDlqQXNPRWhBYUl6UC0zaHk2M2VlSDVCdDNuTURFTnEyQ253QTBzT1BWS09teW1Kd0JCaFprTzhQWUhNM0x3ZmkzODhMMElmN2diTXlVeW53WVZZ?oc=5) · mahnfamilyfuneralhome.com
- 2015-11-06 [Who is Everett’s “BEARDO” Bank Robber? - My Everett News](https://news.google.com/rss/articles/CBMifEFVX3lxTE93LWJXR05hUm40NGhMQ2RqTHFjNTVSSFliWUhUalBYWnFGM1diaGRYT1ltTGFlbVhYTURzUkZaRHZNa0o5MFhaTFBTVmtNbGp4SVVfLWVmQTctN1ZQcS1NNG4tbUZtUTdZVmNBZ3E0R09IMW5rR2swbHoyM24?oc=5) · My Everett News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34214 (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/38.json (key "34214", 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