# SAVIBANK
BURLINGTON, WA · FDIC certificate 57978 · asset band $300M-1B · latest filing 2025-06 · 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 | $639.5M | |
| Deposits | $518.3M | |
| Loans and leases | $527.3M | |
| Total equity | $53.7M | |
| Loans / deposits | 100.54% (p91 of band) | 81.31% |
| Liquid assets / assets | 12.40% (p9 of band) | |
| Uninsured deposits / deposits | 25.57% (p52 of band) | 24.97% |
| Brokered deposits | 4.66% | |
| Wholesale funding | 14.83% (p86 of band) | |
| FHLB advances / assets | 10.16% | |
| Tier 1 leverage | 8.72% (p11 of band) | 10.49% |
| Unrealized securities loss / equity | -5.91% (p69 of band) | -12.52% |
| AOCI / equity | 0.85% (p37 of band) | |
| ROA (annualized) | 0.46% (p13 of band) | 1.11% |
| Net interest margin | 3.56% (p46 of band) | 3.64% |
| Efficiency ratio | 78.17% (p82 of band) | |
| Noncurrent loans | 0.96% (p75 of band) | 0.36% |
| Net charge-offs (annualized) | 0.10% (p86 of band) | |
| Reserve coverage of noncurrent | 120.70% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 38.59% (p42 of band) | |
| Auto loans | $34.0M (6.45% of loans; DQ 0.21%, NCO 0.03%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.1% | |
| Employees | 136 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 |  |  |
| 2011-09 | 7 | leverage <7% |  |
| 2011-12 | 8 | capital falling |  |
| 2012-03 | 9 | uninsured deposits leaving |  |
| 2012-06 | 5 |  | noncurrent p90, construction >100% equity, capital falling, uninsured deposits leaving |
| 2012-09 | 4 |  | reserve under noncurrent |
| 2012-12 | 5 | reserve under noncurrent |  |
| 2013-03 | 2 |  | losing money, expense ratio p90, charge-offs p90 |
| 2013-06 | 2 | expense ratio p90 | reserve under noncurrent |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 | capital falling | expense ratio p90 |
| 2014-03 | 4 | wholesale funding >15%, construction >100% equity |  |
| 2014-06 | 2 |  | wholesale funding >15%, construction >100% equity |
| 2014-09 | 0 |  | leverage <7%, capital falling |
| 2014-12 | 3 | loans exceed deposits, liquid assets <10%, expense ratio p90 |  |
| 2015-03 | 2 | capital falling, charge-offs p90 | loans exceed deposits, liquid assets <10%, expense ratio p90 |
| 2015-06 | 3 | loans exceed deposits |  |
| 2015-09 | 3 | reserve under noncurrent | loans exceed deposits |
| 2015-12 | 1 |  | capital falling, charge-offs p90 |
| 2016-03 | 1 | loans exceed deposits | reserve under noncurrent |
| 2016-06 | 2 | wholesale funding >15% |  |
| 2016-09 | 1 | capital falling | loans exceed deposits, wholesale funding >15% |
| 2016-12 | 2 | loans exceed deposits, wholesale funding >15% | capital falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | wholesale funding >15% |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | loans exceed deposits |
| 2018-06 | 2 | loans exceed deposits |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | wholesale funding >15%, liquid assets <10% |  |
| 2019-03 | 2 |  | wholesale funding >15%, liquid assets <10% |
| 2019-06 | 3 | wholesale funding >15% |  |
| 2019-09 | 1 |  | loans exceed deposits, wholesale funding >15% |
| 2019-12 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2020-03 | 4 | wholesale funding >15%, expense ratio p90 | liquid assets <10% |
| 2020-06 | 4 | uninsured deposits leaving | expense ratio p90 |
| 2020-09 | 4 | liquid assets <10%, expense ratio p90 | wholesale funding >15%, uninsured deposits leaving |
| 2020-12 | 0 |  | capital falling, loans exceed deposits, liquid assets <10%, expense ratio p90 |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | liquid assets <10% |  |
| 2023-03 | 1 | uninsured deposits leaving | liquid assets <10% |
| 2023-06 | 2 | expense ratio p90 |  |
| 2023-09 | 1 |  | expense ratio p90 |
| 2023-12 | 3 | wholesale funding >15%, capital falling, expense ratio p90 | uninsured deposits leaving |
| 2024-03 | 4 | charge-offs p90 |  |
| 2024-06 | 3 | loans exceed deposits, brokered >10% | capital falling, expense ratio p90, charge-offs p90 |
| 2024-09 | 1 |  | loans exceed deposits, brokered >10% |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | loans exceed deposits |  |
| 2025-06 | 1 |  | wholesale funding >15% |

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

- 2024-03-22 [Harborstone Credit Union to buy SaviBank - Banking Dive](https://news.google.com/rss/articles/CBMihgFBVV95cUxNYkNjdkVQMTBFVlREbVE4ZVlQcVY4RlV1VkJfN2c3a1VQeGM3THEtc0xIVWRxb2NiSDdMWnFzOWVwM1lqREs2a0NrNGhjLXVWNzdsQXcwd2NrYzNVYWdneURwaUtNTTlmY20zNzlzVk9rZWNBYTZlaHE5MV9WTVF5aU5yQlk2UQ?oc=5) · Banking Dive
- 2025-09-03 [Harborstone Credit Union completes acquisition of SaviBank - CUInsight](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVVpQRWdLbkkxeXJiREl4X3NQemdRUExPZU1EN0F5Z2FjNXR2dV9CZW8wRGZRUkhoSTd4bnp1c2MtZnlIYXczc3lpYlMtWTN2TGQ0VUMzS2VCdURaSVplVTg4S0NCTEZCOEI5YVZVR0lOODhGb0xLdGZnUVJfeXBRRE5zamVXeDNxaVMtUjA4OWg5bklxclViRG5BNjNBenll?oc=5) · CUInsight
- 2024-03-22 [Pierce County-based credit union to acquire regional bank, expanding western WA reach - thenewstribune.com](https://news.google.com/rss/articles/CBMidEFVX3lxTFBTY2xCRlhPZmdJcnlLam9Ha2lnb19uMHJYbk9WVzNhY2ZwU043djFnX0dnVFNuakJfelNmQmVqREc5NkxDeVZ0Wnh6VDBpblR6UUhIVmFobWppWHlJaGtBcG51WVdPWkZPSy00X2JwcGZBWHc50gF0QVVfeXFMT3BRV0dzbkpBY3ZDbWFKTlo3d1M3UjY2V183Sjl1dzg0NkU3cmRTY0dTTjU2TW5SbWowN29TWm43X0xDMEVzUUZNc3FoaV81SlRnUlFyeWUtQkR3LXF6ZDFXMkRYSkYxRW12aHVjMGJ6UGhvTVE?oc=5) · thenewstribune.com
- 2025-07-28 [Savi Financial Corporation and SaviBank Provide Update to Shareholders Regarding Closing of Acquisition - GlobeNewswire](https://news.google.com/rss/articles/CBMihgJBVV95cUxOeXhrU3NlRm9sSG9SbWUySG1fd2RnWEdLRHV3YmVYZGhjeDY3eFItRkR0djRfdi1nUWxiYjFfOWR0NllpRm9NTWJJdW5uQzhhTU1JeHdXS0Q5WDJPSTU1eGtQc2dhU2hNcE0tSG4taDJHOTM2ZlprRklKdmFoT0lnMWExbTZfQ3Q1X3piX213dmlqZXdQSjdJMnlOaWJuZFFBWk15bkxfQXdqSm1Hd3kzQlNlRWsyTW5iZ1lkVEJFOFFMUUY0QVlzcFFtTjZrSEdBci1pdHcxaHdSM1N1X3I0SkhIQ2JoOVRiMzlnM3VZTHpiMVVGb0pWZXRYdnJBNDRVQUZ5djln?oc=5) · GlobeNewswire
- 2023-08-23 [Savi Financial gets FDIC approval for Washington state de novo charter - Banking Dive](https://news.google.com/rss/articles/CBMiygFBVV95cUxNWldZejVyR0FQOTZnM21EMnFnMVZUSEpZM2dub1RKZnUxVmlxUEpiNmdoOElldWJ3YmdVUWxkOEZfcllQOXFlQmI2THhnbnhrd3c0Y25ldjk0TkY3STJJRnUxcS0zWXVpTzlPN3prWmxhbjFOYUZxMF9TUHZRSzc1LWNPVFlLb3BRQmdxMTBpeWkyVDVzeDIzOG1kNTU2NUZlVklPV283SnotMUJkb2U1NmZFaUNMMkJnOFdYem15QlJabXVqN0hNOGl3?oc=5) · Banking Dive
- 2025-08-11 [Briefs: Bellis Fair more local, Skagit bank sale, top Whatcom companies - Cascadia Daily News](https://news.google.com/rss/articles/CBMisAFBVV95cUxNMXJ0Y2wzb201dlVHWjJYWGRaYWlyNHA3MGdZeDRVaGdXXzRVeGh5bkdDNEI4VmlWMk5ZN3B6UTRSRUpTYkRuM2M2anRRdWswWUNvZEZOa05RUExBWGRJTERJaE50NFZocnV1TmFtUGhXRHhDWnkzS09MVS1GejJjNkxDdVQxMUdpOWZRRklZTF9VemsxOVBnYlFsY29ScmxmRlhoRE1HLXRiZ2dkbkhlUw?oc=5) · Cascadia Daily News
- 2024-03-23 [Whatcom Roundup: Two new restaurants in Bellingham; Chick-Fil-A update; SaviBank purchased - Bellingham Herald](https://news.google.com/rss/articles/CBMid0FVX3lxTFBRQUpPaXNidjRPeVZ2cFdwNHV6c2M3SGRHY3AzZEN1Q0FsYTJzZHYySTNNUU5waGpGTXFfVnJUNWV1QmxDVm05TThOWXNUYTBCTmFmU1ZoLWV2bzhGZURUS3ZRaFIwZmRsT0RwMGUtbjFNdUpjOWQ00gF3QVVfeXFMTUxER3I2UklJdG83Y1NlS1FHYnowR1hxV2JDX1ptdmdtYm1wQUQwTWE0NEFCdWZUdlpuazBPOVB4OWZyT2MydS10Z0NQM08wSEZwNVBvaGxRWEk4YU9neGRrSlFhQnZsYWNXV0FDVmU3V2ZQMHpGR0U?oc=5) · Bellingham Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57978 (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/58.json (key "57978", 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