# WASHINGTON BUSINESS BANK
OLYMPIA, WA · FDIC certificate 57167 · asset band <$300M · latest filing 2024-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $93.2M | |
| Deposits | $67.7M | |
| Loans and leases | $81.3M | |
| Total equity | $17.1M | |
| Loans / deposits | 119.14% (p98 of band) | 72.07% |
| Liquid assets / assets | 10.82% (p4 of band) | |
| Uninsured deposits / deposits | 21.13% (p58 of band) | 18.87% |
| Brokered deposits | 0.79% | |
| Wholesale funding | 9.38% (p79 of band) | |
| FHLB advances / assets | 8.59% | |
| Tier 1 leverage | 17.36% (p86 of band) | 11.60% |
| Unrealized securities loss / equity | 0.00% (p91 of band) | -10.38% |
| AOCI / equity | 0.00% (p8 of band) | |
| ROA (annualized) | 1.51% (p77 of band) | 0.91% |
| Net interest margin | 4.77% (p87 of band) | 3.54% |
| Efficiency ratio | 61.53% (p30 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.27% |
| Net charge-offs (annualized) | 0.00% (p22 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 74% | |
| Construction % of loans | 10.99% (p39 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -17.7% | |
| Employees | 12 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 0 |  | loans exceed deposits, wholesale funding >15% |
| 2012-03 | 3 | loans exceed deposits, deposits shrinking, assets shrinking |  |
| 2012-06 | 2 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2012-09 | 3 | reserve under noncurrent |  |
| 2012-12 | 5 | deposits shrinking, assets shrinking |  |
| 2013-03 | 7 | wholesale funding >15%, charge-offs p90 |  |
| 2013-06 | 4 |  | deposits shrinking, assets shrinking, charge-offs p90 |
| 2013-09 | 5 | deposits shrinking |  |
| 2013-12 | 3 |  | wholesale funding >15%, deposits shrinking |
| 2014-03 | 1 |  | uninsured deposits leaving, reserve under noncurrent |
| 2014-06 | 3 | wholesale funding >15%, liquid assets <10% |  |
| 2014-09 | 1 |  | wholesale funding >15%, liquid assets <10% |
| 2014-12 | 1 |  |  |
| 2015-03 | 4 | charge-offs p90, deposits shrinking, uninsured deposits leaving |  |
| 2015-06 | 3 | liquid assets <10% | deposits shrinking, uninsured deposits leaving |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 | uninsured deposits leaving | charge-offs p90 |
| 2016-03 | 1 |  | liquid assets <10%, uninsured deposits leaving |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | liquid assets <10%, reserve under noncurrent |  |
| 2017-03 | 2 | charge-offs p90 | liquid assets <10%, reserve under noncurrent |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 | capital falling | charge-offs p90 |
| 2017-12 | 3 | liquid assets <10% |  |
| 2018-03 | 2 |  | liquid assets <10% |
| 2018-06 | 3 | liquid assets <10% |  |
| 2018-09 | 2 |  | liquid assets <10% |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | loans exceed deposits |
| 2019-06 | 1 | loans exceed deposits | capital falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | deposits shrinking, assets shrinking |  |
| 2020-06 | 2 | wholesale funding >15% | deposits shrinking, assets shrinking |
| 2020-09 | 2 | capital falling | wholesale funding >15% |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | loans exceed deposits |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | deposits shrinking, assets shrinking |  |
| 2022-12 | 4 | loans exceed deposits, uninsured deposits leaving |  |
| 2023-03 | 3 |  | uninsured deposits leaving |
| 2023-06 | 2 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2023-09 | 1 |  | uninsured deposits leaving |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 3 | liquid assets <10%, deposits shrinking |  |
| 2024-09 | 3 | assets shrinking | liquid assets <10% |

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

- 2024-03-11 [Sound Credit Union to buy Washington Business Bank - Banking Dive](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWHVnclo1ZDRBYU1OVEZiZ1ZWMy1iUEdoOGNvSU94V3dlRzNIMDk4ZTJvcFZOMWhEVVhoR2dDTGItVFFRYks4bG4xa2k2bWxhY1k5SDkyOFVZRFdIYlJVVjJDa2FvVWVvb0Q4SFk1eGRJU0lUQlhua3BEUWpXMDBlRGFEYW11emgySkhHZ1hCMlpjeUJkZTZyY3ZDY0ZwMXBy?oc=5) · Banking Dive
- 2024-03-12 [Downtown Olympia bank to be acquired by Tacoma-based credit union - The Olympian](https://news.google.com/rss/articles/CBMibEFVX3lxTE1YOTFWdjB1ZnlKU05FbEdic25DVnNmamFYUzE5TDJRSzAzQjdoeGVZWUl0ZVZQcGxucUI2VXZGalBDZWdORTRMdEMxZjVZbGY2ZnFtVnRhV1hPWmJtUHdWWWtXY0FHTHg3MFJ6UNIBbEFVX3lxTFBTQ2h6QXBGWlRGN0V4VVYyLUQ0NXY3UENTaTV0bHFOdEU0RUg2eExCVmVwM2RlejlvODV4ejhtUThrV3hsUTd6N204cG1rZ3JuU09fejJOTjFoTGdpWWo0OE1vWk8zczljZVpsVQ?oc=5) · The Olympian
- 2018-04-06 [Washington Business Bank VP Sam Bovard Serves on Boys & Girls Clubs’ Board - ThurstonTalk](https://news.google.com/rss/articles/CBMirgFBVV95cUxQMFpHNzlVMWduR2JYUm5DRkh0LTFIdXFFVUtadFNJSV9EUkZsLUhWMjV0dkVzeXFSQ0xZbWpWdkE2ZG9Cbk1jdl82dURvRzVOdzZIa1ZZSnhOLWQxeDhQckNKYnNydUlCTXpvblZXWm55MHpjZzVMRUVGaHNGN0Noa3NZcEZlbGcwbmxPNy1XZ0tIYWJFYTl6M1QzWUxqd0cwOU1KZEhPRVA5T3BFaFE?oc=5) · ThurstonTalk
- 2025-04-14 [Renton's First Financial closes $229 million sale to credit union - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPdndGRTNIRUpMeGhQYUVzRUFhT3NoQ0RxdWhvX1p5UENyeDRaQTh5UVh0RlV1TklDVkpvQi13eURod1VGOS1jODBJcmNtR1I4YTZqcW1mdTM3OXQzN1hBUzVOMFE5NmxLVzd1SUFtTmhZeGNVMmZPYXZhQ29FT25faG1lZEg0WkhFb09teTNGNGQ2TXhXSkxxN3JUWWxzRW9EaG1vaA?oc=5) · The Business Journals
- 2024-08-14 [Washington state credit union to buy Oregon bank - Banking Dive](https://news.google.com/rss/articles/CBMijwFBVV95cUxPTGdTMG9zbFZrTWNGYk1LWEZsdnV3cVoxd05JQnA2S3gyNDZxdkRVenV3N1NQWDI3WUZKNUlDVnE4RVpoeUs4S1dOY2s5SWRoUU0teG1yaE84UUVxVlpPNFdoa2ZkZmN1alJ6M0w5cXJZb05Gb1BKaDd4NFdoYXRlSUFoQ0o1b0IzbWJiVkVwZw?oc=5) · Banking Dive
- 2026-07-30 [Founder of fintech Increase buys a bank in Washington state - Banking Dive](https://news.google.com/rss/articles/CBMijgFBVV95cUxOQlJKZ2xGT2t1cDlxRXl5QU1JaEk5NVU5SDZkZ1Y1Q0IzbFlyU1hJSTdlcGdWdmFfMS1mbDRvZ0lpZVg2SFEtRHUwZ2ZpSVVUbHVCZVplUjIxY09fT1ZBcHZ0TUNtN05HUHdTdkROZlJ5WWN0Y194OW5TS3BGYzVQSDhrajBqQ1RLWXdNaktn?oc=5) · Banking Dive
- 2024-12-06 [Restaurant moving to downtown Olympia, plus an update on new Costco proposed in Tumwater - The Olympian](https://news.google.com/rss/articles/CBMicEFVX3lxTFBYdzdieTJuU3dkdUN6dVM3cXhjS0trWGsyQk93TkVBbGl0MV9RUmRPcmV4X0FyTU45Z3VlQkk1YUpLZTZtZDlXMzBiX3ZDdVJwZVl5RUdJelRscGhKb0s5ODZLUzBWZGpWaDRJdGRnZXjSAXBBVV95cUxNNzlxNXdzVm5GOEkzcEo3VzhLUVNla25NMS11VEhqaGlJdUV4bE9FalBhNXVaNnNpVW9UOVFCRXM2WFltNVF3ZXlQdXVxSmJLenhreExfcHdIcElvc2l0WEdBVktiNUR1NW9odlNTcXQ3?oc=5) · The Olympian
- 2024-05-24 [Gesa Credit Union to buy Washington bank - Banking Dive](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPZ2RHdkZ3V1QwZWs1X0VkOEkySEtxZi1HVDhhY09fY2FSX1dRci0zNlpHQWRZTktmYmlhNmtPSWIxd0VLUGpCSUVKaEVMV3dwUWJNQlhlQWtFclp4OUtheVI3bVRHVnB2RFN1NnhZeFl0YWViZkliemQ4VGhjWlhRQlJVZUNoaFZhMEZmTVBycUdJUnBwVkI0MWVGSkNXTWhZdm5lR2doMmlrZw?oc=5) · Banking Dive

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57167 (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/15.json (key "57167", 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