# PUGET SOUND BANK
BELLEVUE, WA · FDIC certificate 57955 · asset band $300M-1B · latest filing 2017-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $555.7M | |
| Deposits | $492.8M | |
| Loans and leases | $388.3M | |
| Total equity | $60.0M | |
| Loans / deposits | 77.85% (p35 of band) | 85.15% |
| Liquid assets / assets | 28.57% (p65 of band) | |
| Uninsured deposits / deposits | 46.11% (p94 of band) | 21.69% |
| Brokered deposits | 12.75% | |
| Wholesale funding | 12.75% (p75 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.34% (p53 of band) | 10.22% |
| Unrealized securities loss / equity | -2.05% (p21 of band) | -0.60% |
| AOCI / equity | 0.32% (p60 of band) | |
| ROA (annualized) | 0.87% (p47 of band) | 0.90% |
| Net interest margin | 3.92% (p66 of band) | 3.66% |
| Efficiency ratio | 59.53% (p26 of band) | |
| Noncurrent loans | 0.00% (p3 of band) | 0.54% |
| Net charge-offs (annualized) | 0.00% (p25 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 61% | |
| Construction % of loans | 60.76% (p66 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 7.0% | |
| Employees | 58 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 3 | reserve under noncurrent |  |
| 2011-09 | 2 |  | reserve under noncurrent |
| 2011-12 | 1 |  | wholesale funding >15% |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | reserve under noncurrent |  |
| 2013-03 | 1 |  | reserve under noncurrent |
| 2013-06 | 0 |  | brokered >10% |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | loans exceed deposits |  |
| 2014-06 | 2 | uninsured deposits >50%, run vulnerability | loans exceed deposits |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 2 |  | capital falling |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | run vulnerability |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 3 | brokered >10% |  |
| 2016-03 | 2 |  | capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | wholesale funding >15%, capital falling | uninsured deposits >50% |
| 2017-03 | 2 |  | capital falling |
| 2017-06 | 1 | uninsured deposits >50% | brokered >10%, wholesale funding >15% |
| 2017-09 | 1 | brokered >10% | uninsured deposits >50% |
| 2017-12 | 1 |  |  |

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

- 2026-08-25 [William Philip, who founded Columbia Bank and championed UW Tacoma, dies at 99 - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxQS1JxMS0wbGQtRDN2UnNjYndsZ2FjYU1SOTJOc0RLdzBvcU5xaWZnOHpzZGMtYUYyRmtEQi1VQmtkSGdUUXpiQTJnRGd6TVZKMU4xc1B3MTZTRmZPaVFLM0EtRWE3YnRzblFxWEtWd2pRRXAtRHZ0YVk1a0VDMWVoRlVUTnhqYU9PNm5sR29DZG5DSDBnaWxaTTMzN2ctV1NBWVE?oc=5) · The Business Journals
- 2026-08-27 [‘Mr. Tacoma’ remembered for bringing UWT, Columbia Bank to life in city - Tacoma News Tribune](https://news.google.com/rss/articles/CBMicEFVX3lxTE5QMGpSb0dUeDhLamE5Y2dxRUZqQlJEdjJrZUQ1MjF6VG1PWE1sLWttdWQyZ0lyM2xWLXlNRDJkbFNHdXZPcXd1LUJvTUFnU1pmYXRjR3l4cTAwTHAza0RCdWFqMmZWMjdrQ2hZTjZDamnSAXBBVV95cUxNc1NnaDFiVURUZTJmM3lzaXZURFB4T2l2aDBGdUY5QkpGaTdXMjZSVXlack1iLWYzOFpWaDExeEV4eGltSEVoUU5NZ0I3clZfNEY0b3FaTTN0LWw2VjZZNzFtUm5GU2pjQkpFaWZWWmd0?oc=5) · Tacoma News Tribune
- 2026-02-23 [ORCA Tap-to-Pay officially launches in Puget Sound, bank cards will be fare checked - KOMO](https://news.google.com/rss/articles/CBMiwgJBVV95cUxPS0t1V0tnaERRajBHSVdNaEFNWnpPaVUza3VZU0VBcWdYaUxxRmt5VG5FanNTd2pFZnRXeXp0MW9tc1ZyR3Budm0tVENBRVRWanJSSU5VSEF2dGpodzJOcjdxSGNfejNzWEF5MTZrLVZCRTZyTHR5NWt2TW9xTTZRcWRhQkVnSnZsV1FXQmYyUGRJZ21zNVBiOXZFSEhyRWllal9sX2J6SGtXaWc4UTQ1TG1sVUxFRVhUNElZaTM2UmhGWDlRVlJpZ1FaSDMtamx4WkQwb1hyYkx6MmxuTmU5Y1hNNWJIeWVVN1hMYldPQXpiRzdDQWE2a1ZFNFdPeHpWeDViUDhuYUZadllObTgyY3pLN0xXQnQ4RTlCSTFGekNlWDNhQ1BKRVBuTWRlVmR4UC1oVU1JUm5TeTd5QlpXZHZ3?oc=5) · KOMO
- 2018-01-16 [Heritage Financial Corporation Announces Completion Of Acquisition Of Puget Sound Bancorp - PR Newswire](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPTU4zT0U5bk1MdjFlNEQwUlAyN2VXSUhsT0lIaFJaT0tIVUQ0MGNtWFJZcDUwbzI5WW5wN3d0bURja040cE1zNFRzUG1PWWNrUmdQWHprcmpKVlVUbmtEenhtQTJkWmZSQ0pNWmVGaTlqUGV1eE10S2UweHZFWFdScFpGSTNWSEZwaE1jQWpwLTZPTlhHazEzeWtjTUtWX1FQekdBSERYQWV5TEFPYUhDdUZpMnBGR3FHeE84Zmo3NWp4cHZxNnRDUzlrdURxZzU3NC1uaTd5RDJyS3NpS0E?oc=5) · PR Newswire
- 2021-10-11 [Melanie Dressel Obituary (1952 - 2017) - TACOMA, OR - OregonLive.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOSnI1NmEtbDE0bm9PVjJSNW5vcTRwdlVzcEo0dDRQdHBRN3EwRW0wbUh3SUc1QUZJZGxCVkxlVnVXYmNUaFFEdnVGTnowS0xVMWF6Zi04N3F3QlE2Nk5jMTY2NENxRk9uMTNocHFkTFh1aXFVbVBWLVhpR3lFRFFpdUNyNGIzMGh2N19DMGJWeHRaNnJpc2c?oc=5) · OregonLive.com
- 2017-08-01 [Bellevue bank CEO cites Election Day gains as the reason behind $126.1 million merger - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxQNlNBVV95WHBBMzYycTk2VmtheTUtMmE5YVFDOVVKN0FTcXNGTW9MZFZDbmpPRC1FWWxGTnl1cU9XdTFSSTBBWUFGeElPSnpfSFA2QTNyTjZDdk05V3dVbGFNXzlmaU16M0hJV290Z2VaY0lOZXg0X3VXZThjT0ZJOU1Tc0VONDVhS3F0d2JvLWxwcXl0UjFCcw?oc=5) · The Business Journals
- 2022-06-17 [Robert Bruback Obituary (1945 - 2022) - University Place, WA - News Tribune (Tacoma) - Legacy obituary](https://news.google.com/rss/articles/CBMijgFBVV95cUxQNGVTYjVjNmpjSFlGWTI3dDhDbmdDQ3hrWno5dEdMZ2FsN2RSN2Fwa1lCWWk4dEp5YW1Kd1pHdmFvWnU5WXctakVkSHM2YlFqekhReWFPN2VTajBsS2xPeTluajFhTlNKZk9kS0toQTFmcklMb2NxR1FVYU5DSFZwNEQwMFZwSENXWVpabHhn?oc=5) · Legacy obituary
- 2018-08-25 [Columbia Bank’s shown staying power. Can it hang around another 25 years? - Tacoma News Tribune](https://news.google.com/rss/articles/CBMijAFBVV95cUxNU2x6R1hQOXFfajlhM2h3ejV6Szl6UV9qWVRyb2Y5VHlSVXJFU3FfcjlKbzIwNmhwZXZNRVd2ZUhLNFYta3hmUWtsQkJkcjA3a0lWTTlqY0JnSXZVTTV5WmliaWRKX010enlCWE1HUTlKNzNUQVh0T2l1YjlxQnR4aXB0ZVhtRnBUYnB5QtIBjAFBVV95cUxPTUVRTDBCR3poY2htZFFxeFEzOUdpakZWRDFkY3JiQkdYN2I5eG9xeEsxRFJfZTVsc2FXclVuLTBiZl9iRmVZRGE2MnVaOVp5Q3VrNWhnY05VLUFYcGpXN2J5R20tWjJYVnBualRXbThvMmtzeHVOdldnbXg1ZE9zd2dKbWxHaDBkNTdSYg?oc=5) · Tacoma News Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57955 (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/35.json (key "57955", 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