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Overview / Commentary
509-782-1501
117 Aplets Way
Cashmere, WA 98815

Cashmere Valley Bank is headquartered in Cashmere and is the 12st largest bank in the state of Washington. It is also the 520th largest bank in the nation. It was established in 1932 and as of March of 2014, it had grown to 210 employees at 12 locations. Cashmere Valley Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cashmere Valley Bank had $4.29 million in non-current loans and owned real-estate with $140.91 million in equity and loan loss allowances on hand to cover it. This gives Cashmere Valley Bank a Texas Ratio of 3.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Cashmere Valley Bank experienced no significant changes from 1.99% as of March 31, 2013 to 3.05% as of March 31, 2014, resulting in a negative change of 53.19%. This indicates that the balance sheet and financial strength for Cashmere Valley Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Cashmere Valley Bank has increased its total deposits by $40.05 million, resulting in 3.59% 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 Cashmere Valley Bank has shown is excellent.

Capitalization

GRADE:
B+

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. Cashmere Valley Bank has $1.31 billion in assets with $140.91 million in equity, resulting in a capitalization level of 10.73%, which is above average.

Institution Statistics

Overall
FDIC Certificate #1265
Year Established1932
Employees210
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.31 billion
Loans$707.84 million
Deposits$1.16 billion
Equity Capital$129.17 million
Loan Loss Allowance$11.74 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$49,000
Historic Data - March 2013
Assets$1.27 billion
Equity Capital$122.02 million
Loan Loss Allowance$12.16 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$391,000
Profit Margin - Quarterly
Return on Assets1.07%
Return on Equity10.91%
Interest Income$11.07 million
Rates
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Cashmere Valley Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Personal Savings
0.30%--Business Savings
0.30%$25k$1mHealth Savings Account (HSA)

Cashmere Valley Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k$1mInvestment Checking
0.30%$25k$1mCash Management Checking
0.05%--Interest Checking
0.05%--Club 50
0.05%--Business Interest Checking

Cashmere Valley Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$100-8-10 Year CD
1.30%$100-5-7 Year CD
1.20%$100-48 Month CD
0.95%$100-36 Month CD
0.65%$100-24 Month CD
0.50%$100-18 Month CD
0.40%$100-12 Month CD
0.40%$100-12 Month Variable CD
0.25%$100-6 Month CD
0.25%$100-9 Month CD
0.20%$100-3 Month CD
Locations

Cashmere Valley Bank has 11 locations. Click to view all Cashmere Valley Bank locations.