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800-562-9744
100 West First Street
Aberdeen, WA 98520

Anchor Bank is headquartered in Aberdeen and is the 27th largest bank in the state of Washington. It is also the 1,693rd largest bank in the nation. It was established in 1907 and as of December of 2013, it had grown to 124 employees at 11 locations. Anchor Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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, 2013 Anchor Bank had $11.2 million in non-current loans and owned real-estate with $55.25 million in equity and loan loss allowances on hand to cover it. This gives Anchor Bank a Texas Ratio of 20.28% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Anchor Bank decreased dramatically from 30.54% as of December 31, 2012 to 20.28% as of December 31, 2013, resulting in a positive change of 33.60%.This indicates that the balance sheet and financial strength for Anchor Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Anchor Bank has decreased its total deposits by -$28.53 million, resulting in -8.23% 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 Anchor Bank has shown is below average.

Capitalization

GRADE:
A+

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. Anchor Bank has $391.44 million in assets with $55.25 million in equity, resulting in a capitalization level of 14.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28454
Year Established1907
Employees124
Primary RegulatorFDIC
Assets and Liabilities
Assets$391.44 million
Loans$273.61 million
Deposits$317.99 million
Equity Capital$50.97 million
Loan Loss Allowance$4.27 million
Unbacked Noncurrent Loans$6.19 million
Real Estate Owned$5.01 million
Historic Data - December 2012
Assets$469.56 million
Equity Capital$52.87 million
Loan Loss Allowance$5.15 million
Unbacked Noncurrent Loans$6.19 million
Real Estate Owned$8.61 million
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets-0.15%
Return on Equity-1.3%
Interest Income$18.64 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Anchor Bank, we are a rate comparison website and can not provide official rates or promotions.

Anchor Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Statement Savings
0.15%$15k-Health Savings Account
0.10%--Youth Savings

Anchor Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Golden Money Market Tiered Rates
0.15%$50k-Trade Wind Money Market Tiered Rates
0.15%$100k-Navigator Money Market

Anchor Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Interest Checking
0.05%$1k-Interest Business Checking
0.04%$10k-Premium Business Checking

Anchor Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-60 Month Fixed CD
0.70%$500-48 Month Fixed CD
0.55%$500-36 Month Fixed CD
0.50%$10k-30 Month Powerhouse CD
0.40%$500-30 Month Fixed CD
0.35%$500-20 Month Advantage CD
0.30%$500-16 Month Flex CD
0.25%$500-11 Month Advantage CD
0.25%$25k-12 Month Tiered Fixed CD
0.25%$500-18 Month Fixed CD
0.25%$2k-24 Month Bump Fixed CD
0.25%$25k-24 Month Ladder CD
0.20%$500-13 Month Fixed CD
0.20%$25k-18 Month Ladder CD
0.15%$25k-12 Month Ladder CD
0.10%$500-6 Month Fixed CD
0.10%$500-9 Month Fixed CD
0.10%$250-12 Month Wealth Builder Fixed CD
0.10%$25k-6 Month Ladder CD

Anchor Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$100-48 Month Fixed IRA
0.58%$50-18 Month Variable IRA
0.40%$100-30 Month Fixed IRA
0.25%$50-18 Month Fixed IRA
0.25%$50-24 Month Growth IRA
Locations

Anchor Bank has 11 locations. Click to view all Anchor Bank locations.