# 1ST SECURITY BANK OF WA
MOUNTLAKE TERRAC, WA · FDIC certificate 57633 · asset band $1-10B · latest filing 2026-06 · live

**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 | $3.18B | |
| Deposits | $2.47B | |
| Loans and leases | $2.69B | |
| Total equity | $362.9M | |
| Loans / deposits | 107.88% (p95 of band) | 87.10% |
| Liquid assets / assets | 10.51% (p7 of band) | |
| Uninsured deposits / deposits | 29.18% (p45 of band) | 30.76% |
| Brokered deposits | 3.98% | |
| Wholesale funding | 14.18% (p77 of band) | |
| FHLB advances / assets | 8.51% | |
| Tier 1 leverage | 11.44% (p68 of band) | 10.50% |
| Unrealized securities loss / equity | -5.12% (p63 of band) | -7.75% |
| AOCI / equity | 0.60% (p94 of band) | |
| ROA (annualized) | 1.09% (p37 of band) | 1.26% |
| Net interest margin | 4.46% (p86 of band) | 3.70% |
| Efficiency ratio | 63.06% (p63 of band) | |
| Noncurrent loans | 0.58% (p55 of band) | 0.51% |
| Net charge-offs (annualized) | 0.37% (p93 of band) | |
| Reserve coverage of noncurrent | 199.18% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 114.58% (p93 of band) | |
| Auto loans | $114,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $18.3M (5% of equity) (p83 of band) | |
| Deposits YoY | -4.0% | |
| Employees | 592 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **charge-offs p90** (`aq_nco`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, auto book souring |  |
| 2011-06 | 1 |  | auto book souring |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 | capital falling | charge-offs p90 |
| 2012-06 | 1 |  |  |
| 2012-09 | 0 |  | capital falling |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | capital falling |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 2 | capital falling, construction >100% equity |  |
| 2015-03 | 2 | loans exceed deposits | capital falling |
| 2015-06 | 1 |  | loans exceed deposits |
| 2015-09 | 2 | loans exceed deposits |  |
| 2015-12 | 3 | wholesale funding >15% |  |
| 2016-03 | 0 |  | construction >100% equity, loans exceed deposits, wholesale funding >15% |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | construction >100% equity |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | brokered >10% |  |
| 2017-12 | 1 |  | brokered >10% |
| 2018-03 | 1 |  |  |
| 2018-06 | 5 | loans exceed deposits, wholesale funding >15%, capital falling, loans-to-lenders >50% equity |  |
| 2018-09 | 5 | brokered >10% | loans-to-lenders >50% equity |
| 2018-12 | 5 | liquid assets <10% | brokered >10% |
| 2019-03 | 2 | charge-offs p90 | loans exceed deposits, wholesale funding >15%, capital falling, liquid assets <10% |
| 2019-06 | 2 | loans exceed deposits | charge-offs p90 |
| 2019-09 | 1 |  | loans exceed deposits |
| 2019-12 | 1 | loans exceed deposits | construction >100% equity |
| 2020-03 | 3 | wholesale funding >15%, capital falling |  |
| 2020-06 | 2 |  | loans exceed deposits |
| 2020-09 | 3 | loans exceed deposits |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 0 |  | wholesale funding >15%, loans exceed deposits |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | brokered >10%, construction >100% equity |  |
| 2022-09 | 5 | loans exceed deposits, wholesale funding >15%, capital falling |  |
| 2022-12 | 5 |  |  |
| 2023-03 | 3 |  | loans exceed deposits, wholesale funding >15% |
| 2023-06 | 4 | wholesale funding >15% |  |
| 2023-09 | 3 |  | construction >100% equity |
| 2023-12 | 2 |  | capital falling |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | loans exceed deposits, liquid assets <10% | brokered >10% |
| 2024-09 | 2 |  | wholesale funding >15% |
| 2024-12 | 2 | deposits shrinking | liquid assets <10% |
| 2025-03 | 1 | brokered >10% | loans exceed deposits, deposits shrinking |
| 2025-06 | 3 | loans exceed deposits, wholesale funding >15%, construction >100% equity | brokered >10% |
| 2025-09 | 4 | brokered >10%, capital falling | loans exceed deposits |
| 2025-12 | 3 |  | capital falling |
| 2026-03 | 4 | loans exceed deposits |  |
| 2026-06 | 3 | charge-offs p90 | wholesale funding >15%, brokered >10% |

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

- 2024-10-25 [How wealthy is your elected official? Looking at politicians’ worth amidst 14% wage increases - Lynnwood Times](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9jSWk1V1JTaW5VZWtlWC0xQlVUSnV4UFBGOWhGcW0xTTRLSEtWVDFqdGFkZWJJelYwMmstcVlxQVUxdzlCbUY2N0dTNDNaNlJFYVpOS1NmU0hmNTRYY2c2OG5ZQmk?oc=5) · Lynnwood Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57633 (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 "57633", 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