# FOUNDATION BANK
BELLEVUE, WA · FDIC certificate 35566 · asset band $300M-1B · latest filing 2016-06 · 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 | $443.6M | |
| Deposits | $391.2M | |
| Loans and leases | $298.1M | |
| Total equity | $51.2M | |
| Loans / deposits | 74.71% (p32 of band) | 83.96% |
| Liquid assets / assets | 29.94% (p65 of band) | |
| Uninsured deposits / deposits | 31.53% (p81 of band) | 19.94% |
| Brokered deposits | 5.78% | |
| Wholesale funding | 5.78% (p46 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.75% (p63 of band) | 10.13% |
| Unrealized securities loss / equity | 4.60% (p72 of band) | 2.47% |
| AOCI / equity | 2.49% (p79 of band) | |
| ROA (annualized) | 0.89% (p48 of band) | 0.92% |
| Net interest margin | 3.79% (p64 of band) | 3.59% |
| Efficiency ratio | 65.70% (p41 of band) | |
| Noncurrent loans | 3.15% (p95 of band) | 0.67% |
| Net charge-offs (annualized) | -0.01% (p20 of band) | |
| Reserve coverage of noncurrent | 61.78% | |
| Real estate % of loans | 65% | |
| Construction % of loans | 47.86% (p60 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $5.3M (10% of equity) (p95 of band) | |
| Deposits YoY | 1.6% | |
| Employees | 47 | |

## 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 | 7 | brokered >10%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 |  | brokered >10% |
| 2011-09 | 6 |  |  |
| 2011-12 | 6 |  |  |
| 2012-03 | 4 | deposits shrinking, assets shrinking | losing money, expense ratio p90, charge-offs p90, construction >100% equity |
| 2012-06 | 3 |  | assets shrinking |
| 2012-09 | 2 |  | deposits shrinking |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 3 | charge-offs p90 |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 2 |  | charge-offs p90 |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 4 | losing money, charge-offs p90 |  |
| 2015-09 | 6 | capital falling, expense ratio p90 |  |
| 2015-12 | 5 |  | capital falling |
| 2016-03 | 2 |  | losing money, charge-offs p90, expense ratio p90 |
| 2016-06 | 2 |  |  |

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

- 2026-09-01 [6 Best Money Market Accounts: Up to 3.90% - NerdWallet](https://news.google.com/rss/articles/CBMibkFVX3lxTFBXYWk1NXRBcEJRYm5fNzFpRnh3MkJGVHFBbWs3S081LW16R3JJcnptYlZUVnRiUG41RXR5WV9IdDRfOE0tZERlS21fRVk2TmJ2aVI1RVYwX0p0T3RYRHdKS1dmejZSclNrM2NJcWVn?oc=5) · NerdWallet
- 2026-07-30 [Columbia Banking System Appoints Simone Lagomarsino to its Board of Directors - PR Newswire](https://news.google.com/rss/articles/CBMizgFBVV95cUxPdXd4cXQwdW56aTM2LVdmaV9JUEFMYkxqUWpzVTNPQkdBTnNqbWF1UDk0QTR4NDFmalhKend1WXg1QXhGVms4c3pZQVNGSDhmVkZxbmxVSlpUamZOMUNwX2IzSzNkQ2w5bjRpaDRoYW9IaGhoemJ6aUdXQVQxZURicWJWN0p4clhwd0x4X3NhMW9RbDN6bnBwZ2w1cjVFdFYtX210bGJuc25QdkFhY2RWRC1LQkJOX0FtQS12c0phdF9UTkEwbzJPYWU2RGxuUQ?oc=5) · PR Newswire
- 2026-04-01 [Dallas-area banks complete $785 million merger - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQUHBQckc3eURZZ3ZIZnNLV1hRUVBMNm1kZmRhZUNFZ0UwQnQ5eGRwenUzNERvcnloUkxNeHlkQXJrVm5CY2gxNjVmcFBlZDhXRmwtMTBMNEc5MTNVVm0zYzV4VmFWaTJjTUM5TmE5OHk4SkZDZHV0TEdzVWVBQUpnZHVGekt1MHpyZzRFZVVzRjBPNkx4dm1pSU0taE12dFlZdXJvQ1FmTU8?oc=5) · The Business Journals
- 2026-07-30 [Columbia Banking System Appoints Simone Lagomarsino to its Board of Directors - webull.com](https://news.google.com/rss/articles/CBMiWEFVX3lxTFB0RGJJWl9HVU9BeUowZmFRb01Rd05mekhpY0NnMXRYaFM2cEl2ekVPcHA5U3BsNlhFdkJ0MzBsYnQyTE90YnA2aU9fcWhpTTA5di1wcEttRnc?oc=5) · webull.com
- 2026-04-01 [Denver bank completes $785 million acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxPRDh2djdCQTFJYVZJT3NxWWpvQW1ELTAyVUNqb2t5M3AzQ0pmOExrRXFIeUNJdlpXTXV2ZmwtWHFBYmZpZm1teEpFMXVZMEl6Y0FiVmp1LUZYSWl1UEh2dVFSWkZzUjdfVHBvRERwSFlWWEg0SDBCeG5YZFRQSU5TUVdnUFdQQ1JNVFk5UlVDcmJCTG9vR0RwT2VsWlY0MkNUOG8w?oc=5) · The Business Journals
- 2023-08-04 [First Foundation's next CFO, TIFIN adds new executives and more - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxNSkg0c1M3cWpjZy1YaDNQTmN1UmhOVFhnWnhoRjBBdS1qU1E5UVI0bEphb3o2anllSjZQaGdZdG9obGFqOXlHUFdSRUpKeHcxa0FLNTRuenNtTWtjSUdscDhqdW9WZDJCU0xSYnR4UnVVNDB2dnkwVzRRYjNYTnN3Vk5fc0xiWGhfOU4xOVBiQlRZUGhUeUtfbllBei00Zw?oc=5) · American Banker
- 2026-03-16 [Denver bank cleared for $785M California acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxOZ09LSTB0WHpRWVlRZTBPTXBqOTZMTGJ3U3BCdzVLYnQwMFRyR2dwRE1kNWJNRE8tRGxjS0dvcmZHRTFnenk3bHJxTGZkWFo3NnpCZmtjT24tQnZsV0hSdmg4UW5OMXE3VU82ZXFrZzdRYmQwU0lnOFI4ZW13OXY1a2ZOVk1iX0hKdFlhOWJfZXhJQlA4Y2U5Z3ZIVlRGdjZSY1poag?oc=5) · The Business Journals
- 2022-09-12 [First Foundation Expands Trust And Advisory Presence In Florida With New Leadership Appointments - citybiz](https://news.google.com/rss/articles/CBMi0AFBVV95cUxONkxjcG5rOUxnSi02QTlGX2w3NmlKNUN6VHZiNDZHWURPWDZ5V3RiZklaVU05U1NVdkpMTWN3Q1VwRTNXdTdtOHBja1lvME9sRlhDdVQxOVhGdWxFbGlBUnVDbGZmSnNMNDM3S0NwQ2JISnRpTW40dFhBNEdVYmRwRHY5c0FvVVlEd1RyTW4tZldRVjdaM1h1eldqdkI2TU1JVUo2WXFKT2d4djh5eHh1Y0tyZzBXM1B4RDhvSzhTYV9TTzNxd21pN3FtbGhkaGVD?oc=5) · citybiz

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35566 (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/46.json (key "35566", 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