# KITSAP BANK
PORT ORCHARD, WA · FDIC certificate 6161 · asset band $1-10B · latest filing 2025-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $1.65B | |
| Deposits | $1.43B | |
| Loans and leases | $897.4M | |
| Total equity | $146.2M | |
| Loans / deposits | 61.89% (p9 of band) | 86.41% |
| Liquid assets / assets | 37.44% (p86 of band) | |
| Uninsured deposits / deposits | 21.12% (p20 of band) | 31.00% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.81% (p27 of band) | |
| FHLB advances / assets | 1.81% | |
| Tier 1 leverage | 10.33% (p49 of band) | 10.37% |
| Unrealized securities loss / equity | -39.05% (p5 of band) | -7.29% |
| AOCI / equity | 9.94% (p91 of band) | |
| ROA (annualized) | 0.92% (p31 of band) | 1.12% |
| Net interest margin | 3.57% (p49 of band) | 3.59% |
| Efficiency ratio | 74.50% (p84 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.50% |
| Net charge-offs (annualized) | -0.01% (p4 of band) | |
| Reserve coverage of noncurrent | 931600.00% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 41.80% (p42 of band) | |
| Auto loans | $806,000 (0.09% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p36 of band) | |
| Deposits YoY | 3.8% | |
| Employees | 252 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | uninsured deposits leaving |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | uninsured deposits leaving |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | deposits shrinking |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | capital falling |  |
| 2024-12 | 2 |  | deposits shrinking |
| 2025-03 | 1 |  | capital falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |

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

- 2026-04-03 [Port Orchard rethinks waterfront revival plan as Kitsap Bank charts a new path - Puget Sound Business Journal - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOaS1JT3BrNEhFVE5Rb0NjZWY3SndUV0FUZ0ctNTZJdzdEVDM4aTZJZmU4bEpKODZKdFFZVXhxR21iV29HWWNZcldrM3BxLTZtMk5aVXROX1gzeEhoeFFNNjFUTFEyems4ZV9ycEMtTDBYaTMwaUpzV29KVm5oMXlBa0NyZ0tBMXBLRGFoaC1VR0dVRGswc1lLc1RiSXkzMHdFa0NEUkdLZw?oc=5) · The Business Journals
- 2025-12-11 [Plan for Kitsap Bank project ends, as city seeks new developer on Bay St. - Kitsap Sun](https://news.google.com/rss/articles/CBMixwFBVV95cUxPcjNBT3loUXNodFg0V2hpLW9ucXhqLVhVYWxlc2lSMENEUHdaNDRzQWdGWlhobDV5STFqdG9mdVNpNFctbWEtX0RYRWtvRnBmaS1VNjNpa0RnYzkzbS1Wd0xEWFBKcWhncm5mbHd0ZkxvUmwyRm1kT3MwTWpLS0owMDc3ZkxSUW1ibE5Zd1VtT2N2cFdoZzUxaXp4MEZ0aUNvS3lYQ0pSVENVbnJJaHMwY1FZRGljRW5DclRVYnUwcm04a1FGZ0ZN?oc=5) · Kitsap Sun
- 2025-09-29 [Washington banks to combine in $176.6M deal - Banking Dive](https://news.google.com/rss/articles/CBMilwFBVV95cUxNRDVZSFRfeGE4dEdZczd4RG5KYXhrODRhNTNqVld5RHBteF9Ndl9NWEx0MnZXbEVMR1NNZHBMYVRGbHF2YTNZMHJtVmdYNTVwZjcyem40Mkx2ZDZ1Z1NVaDZGRS11MEZqTTc2N2U3YWZmYXhGbEVnN2gyUnVEZDhlOWIyMnRfR1FmRGQ2eEd4LWNxOTdVT1l3?oc=5) · Banking Dive
- 2026-02-03 [Heritage Financial Completes Olympic Bancorp Acquisition, Brings Kitsap Bank Into Heritage Bank - Pulse 2.0](https://news.google.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?oc=5) · Pulse 2.0
- 2026-02-02 [Heritage Bank closes $177 million acquisition of Kitsap Bank - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNai1TTDFKZEw2d0J2bnd3REgtc2ZEdmNjei1DeW9tVGlfbGV0RHNDUGxnTGFpTTliOS1iZnh2Y2FIYlF2MnJoUVMtRE9PbzdfaXlMbVNIVGFuZFZ2MDhjYzktQzMwYlRtQlFCakVPM3VBb3BHLUlBODY2OFBIdzhLcjJwa2hXMUhfYzMxZnN2VHN6UkpTXzRWUUZNTUpwOEwwMHU1cQ?oc=5) · The Business Journals
- 2025-09-25 [Heritage Financial Corporation to Acquire Olympic Bancorp, Inc. - Yahoo Finance](https://news.google.com/rss/articles/CBMilwFBVV95cUxQTHVHMEVFVWMwV0hsUDlnQWxpZ21La0F6c0dwaEhjT1E3TERTSm16ZEhOVFU3SmswMWNkMnlDMC1DM25aR2JleUp5bm1keG95VjdlaWdoaGNDYXFTOHRreFhlMkVCX0VYYVBBYW02cENOYW8yTXpQYS1BaFVUbFBmUVJNS1BKMlBfSzc4akpHbmxacFFpYUNB?oc=5) · Yahoo Finance
- 2025-09-26 [Kitsap Bank planning to merge with larger, Olympia-based bank - Kitsap Sun](https://news.google.com/rss/articles/CBMitAFBVV95cUxPZlNLb1ZxMGd6STVqZE91dFJwR2FTQlZ6TEhhWGtJNW8yRWtYRXlaaE1aQ2JiZ1ZWNUZ2Y1JJZk5fazhXZDhWZG1CcFBsMWVaVlNzbllGVlpYUWxaME1RZnM4U1ZINUwxaXY5VnpkeUNPRjM4OVNTQlI1aG83RG8zZngxcThXMTVPY1RTTnB6S1ZBbTNUYUdBR09NUTF0VFNhUWRTR2dLREdlNmtiUHZlUFRrTnc?oc=5) · Kitsap Sun
- 2025-01-16 [Regional bank opens its third branch in Pierce County. Here are the details - thenewstribune.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE02Um0zVHdYWWdmb1dNYjg0cXV1cDB6Y0o0ZTVlRmF2REpDZDV4RG1ZckpzTk9Md0hLY0JUTWUya0pUTkM3UHFPRFNQS2hZdUNWM3ZOVGZkZ0dPQXBaQldxR0RaZzNtM0tzYlE3ZlE5c29WRl9H0gF0QVVfeXFMTS04U09sUHd0ZXh0WUltaWRKblZsYldZMzRBRDJ1ajcwbTJNOTJyUlQ5QVRqNGVFdi1HOV8tT0RiTVFEcnZOdHFnTzk0MHVVcG53NzJWN04xX0tWLTE1azhXSmxXalpMbWpDMkg0M25XRGl5eTc?oc=5) · thenewstribune.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=6161 (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/17.json (key "6161", 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