1st Security Bank of Washington

1st Security Bank of Washington Locations
6920 220th Street Sw, Suite 300
Mountlake Terrace, WA 98043
800.433.0888
www.fsbwa.com

1st Security Bank of Washington is headquartered in Mountlake Terrac and is the 32nd largest bank in the state of Washington. It is also the 2,278th largest bank in the nation. It was established in 2004 and as of December of 2011, it had grown to 86 employees at 7 locations. 1st Security Bank of Washington has a 4-star health rating.

1st Security Bank of Washington Routing Number: 325182289



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See Rates for: Checking | Savings | Money Market | CD | IRA

1st Security Bank of Washington Checking Account Rates

ApyMinMaxProduct
0.40%$100k-eBanking Express Checking
0.05%$100-1st Classic Checking

1st Security Bank of Washington Savings Account Rates

ApyMinMaxProduct
0.15%$500-SEP Savings
0.15%$500-IRA Savings
0.15%$500-Coverdell Education Savings
0.15%$500-Roth IRA Savings
0.15%--Youth Savings
0.15%$50-Uniform Transfer to Minors
0.10%$100-Preferred Savings
0.10%$500-Business Savings

1st Security Bank of Washington Money Market Rates

ApyMinMaxProduct
0.60%$100k$2,500kBusiness Money Market
0.60%$100k-eBanking High Yield Money Market
0.50%$100k-Tiered Rate Money Market
0.25%--Client Trust Money Market

1st Security Bank of Washington CD Rates

ApyMinMaxProduct
1.85%$500-5-Year CD w/ eBanking Express
1.60%$500-5-Year CD
1.50%$500-4-Year CD w/ eBanking Express
1.25%$500-4-Year CD
1.25%$500-3-Year CD w/ eBanking Express
1.00%$500-3-Year CD
0.90%$500-2-Year CD w/ eBanking Express
0.85%$500-21-Month CD w/ eBanking Express
0.80%$500-18-Month CD w/ eBanking Express
0.70%$500-1-Year CD w/ eBanking Express
0.70%$500-13-Month CD w/ eBanking Express
0.70%$500-15-Month CD w/ eBanking Express
0.65%$500-2-Year CD
0.60%$500-21-Month CD
0.55%$500-18-Month CD
0.55%$500-180-Day CD w/ eBanking Express
0.55%$500-210-Day CD w/ eBanking Express
0.55%$500-270-Day CD w/ eBanking Express
0.45%$500-1-Year CD
0.45%$500-13-Month CD
0.45%$500-15-Month CD
0.40%$500-90-Day CD w/ eBanking Express
0.30%$500-180-Day CD
0.30%$500-210-Day CD
0.30%$500-270-Day CD
0.15%$500-90-Day CD

1st Security Bank of Washington IRA Rates

ApyMinMaxProduct
1.85%$500-5-Year CESA w/ eBanking Express
1.85%$500-5-Year IRA w/ eBanking Express
1.85%$500-5-Year Roth IRA w/ eBanking Express
1.85%$500-5-Year SEP IRA w/ eBanking Express
1.60%$500-5-Year CESA
1.60%$500-5-Year IRA
1.60%$500-5-Year SEP IRA
1.60%$500-5-Year Roth IRA
1.50%$500-4-Year CESA w/ eBanking Express
1.50%$500-4-Year IRA w/ eBanking Express
1.50%$500-4-Year Roth IRA w/ eBanking Express
1.50%$500-4-Year SEP IRA w/ eBanking Express
1.25%$500-4-Year CESA
1.25%$500-4-Year IRA
1.25%$500-4-Year SEP IRA
1.25%$500-4-Year Roth IRA
1.25%$500-3-Year CESA w/ eBanking Express
1.25%$500-3-Year IRA w/ eBanking Express
1.25%$500-3-Year Roth IRA w/ eBanking Express
1.25%$500-3-Year SEP IRA w/ eBanking Express
1.00%$500-3-Year CESA
1.00%$500-3-Year IRA
1.00%$500-3-Year SEP IRA
1.00%$500-3-Year Roth IRA
0.90%$500-2-Year CESA w/ eBanking Express
0.90%$500-2-Year IRA w/ eBanking Express
0.90%$500-2-Year Roth IRA w/ eBanking Express
0.90%$500-2-Year SEP IRA w/ eBanking Express
0.85%$500-21-Month CESA w/ eBanking Express
0.85%$500-21-Month IRA w/ eBanking Express
0.85%$500-21-Month Roth IRA w/ eBanking Express
0.85%$500-21-Month SEP IRA w/ eBanking Express
0.80%$500-18-Month CESA w/ eBanking Express
0.80%$500-18-Month IRA w/ eBanking Express
0.80%$500-18-Month Roth IRA w/ eBanking Express
0.80%$500-18-Month SEP IRA w/ eBanking Express
0.70%$500-1-Year CESA w/ eBanking Express
0.70%$500-1-Year IRA w/ eBanking Express
0.70%$500-1-Year Roth IRA w/ eBanking Express
0.70%$500-1-Year SEP IRA w/ eBanking Express
0.70%$500-13-Month CESA w/ eBanking Express
0.70%$500-13-Month IRA w/ eBanking Express
0.70%$500-13-Month Roth IRA w/ eBanking Express
0.70%$500-13-Month SEP IRA w/ eBanking Express
0.70%$500-15-Month CESA w/ eBanking Express
0.70%$500-15-Month IRA w/ eBanking Express
0.70%$500-15-Month Roth IRA w/ eBanking Express
0.70%$500-15-Month SEP IRA w/ eBanking Express
0.65%$500-2-Year CESA
0.65%$500-2-Year IRA
0.65%$500-2-Year SEP IRA
0.65%$500-2-Year Roth IRA
0.60%$500-21-Month CESA
0.60%$500-21-Month IRA
0.60%$500-21-Month SEP IRA
0.60%$500-21-Month Roth IRA
0.55%$500-18-Month CESA
0.55%$500-18-Month IRA
0.55%$500-18-Month SEP IRA
0.55%$500-18-Month Roth IRA
0.55%$500-180-Day CESA w/ eBanking Express
0.55%$500-180-Day IRA w/ eBanking Express
0.55%$500-180-Day Roth IRA w/ eBanking Express
0.55%$500-180-Day SEP IRA w/ eBanking Express
0.55%$500-210-Day CESA w/ eBanking Express
0.55%$500-210-Day IRA w/ eBanking Express
0.55%$500-210-Day Roth IRA w/ eBanking Express
0.55%$500-210-Day SEP IRA w/ eBanking Express
0.55%$500-270-Day CESA w/ eBanking Express
0.55%$500-270-Day IRA w/ eBanking Express
0.55%$500-270-Day Roth IRA w/ eBanking Express
0.55%$500-270-Day SEP IRA w/ eBanking Express
0.45%$500-1-Year CESA
0.45%$500-13-Month CESA
0.45%$500-15-Month CESA
0.45%$500-1-Year IRA
0.45%$500-13-Month IRA
0.45%$500-15-Month IRA
0.45%$500-1-Year SEP IRA
0.45%$500-13-Month SEP IRA
0.45%$500-15-Month SEP IRA
0.45%$500-1-Year Roth IRA
0.45%$500-13-Month Roth IRA
0.45%$500-15-Month Roth IRA
0.40%$500-90-Day CESA w/ eBanking Express
0.40%$500-90-Day IRA w/ eBanking Express
0.40%$500-90-Day Roth IRA w/ eBanking Express
0.40%$500-90-Day SEP IRA w/ eBanking Express
0.30%$500-180-Day CESA
0.30%$500-210-Day CESA
0.30%$500-270-Day CESA
0.30%$500-180-Day IRA
0.30%$500-210-Day IRA
0.30%$500-270-Day IRA
0.30%$500-180-Day SEP IRA
0.30%$500-210-Day SEP IRA
0.30%$500-270-Day SEP IRA
0.30%$500-180-Day Roth IRA
0.30%$500-210-Day Roth IRA
0.30%$500-270-Day Roth IRA
0.15%$500-90-Day CESA
0.15%$500-90-Day IRA
0.15%$500-90-Day SEP IRA
0.15%$500-90-Day Roth IRA

Rates updated: 5/16/2012

Data for Q4 2011


Institution Statistics


1st Security Bank of Washington
FDIC Certificate #57633
BankRate ReportView
Year Established2004
Employees86
Primary RegulatorFDIC

Assets and Liabilities

Assets$283.79 million
Loans$216.20 million
Deposits$246.96 million
Equity Capital$26.77 million
Loan Loss Allowance$4.35 million
Unbacked Noncurrent Loans$2.23 million
Real Estate Owned$4.59 million

Historic Data - December 2010

Assets$292.34 million
Equity Capital$24.80 million
Loan Loss Allowance$5.91 million
Unbacked Noncurrent Loans$6.30 million
Real Estate Owned$3.70 million

Profit Margin - Quarterly

Net Interest Margin5.27%
Return on Assets0.55%
Return on Equity5.98%
Interest Income$16.64 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1st Security Bank of Washington had $6.82 million in non-current loans and owned real-estate with $31.11 million in equity and loan loss allowances on hand to cover it. This gives 1st Security Bank of Washington a Texas Ratio of 21.91% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for 1st Security Bank of Washington decreased slightly from 32.58% as of December 31, 2010 to 21.91% as of December 31, 2011, resulting in a positive change of 32.76%.This indicates that the balance sheet and financial strength for 1st Security Bank of Washington has improved slightly in recent periods.
Deposit Growth3
In the past year, 1st Security Bank of Washington has increased its total deposits by $2.23 million, resulting in 0.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Security Bank of Washington has shown is average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Security Bank of Washington has $283.79 million in assets with $31.11 million in equity, resulting in a capitalization level of 10.96%, which is above average.
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