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Overview / Commentary
2817 Colby Avenue
Everett, WA 98201

Coastal Community Bank is headquartered in Everett and is the 21st largest bank in the state of Washington. It is also the 1,375th largest bank in the nation. It was established in 1997 and as of June of 2014, it had grown to 124 employees at 10 locations. Coastal Community Bank has a B+ health rating.

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Reviews (1)

Concerned That Coastal Employs The Former Frontierbank Executives Now Being Sued By FDIC For 46Million.

Just a little worried that the same bank executives who failed Frontier Bank & are now being sued for 46million by the FDIC are working & have been working for Coastal Bank since they were fired from Frontier.

Maybe Coastal is a good bank but so was Frontier until these executives ignored the FDIC examiners concerns & kept lending the way they wanted to.

This caused the bank to fail & hundreds to lose their life savings, retirement, jobs, houses, etc.

Why would Coastal hire and keep on employees like this?

Can we be assured the same won't happen at Coastal?


Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Coastal Community Bank had $4.64 million in non-current loans and owned real-estate with $47.64 million in equity and loan loss allowances on hand to cover it. This gives Coastal Community Bank a Texas Ratio of 9.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Coastal Community Bank experienced no significant changes from 6.27% as of June 30, 2013 to 9.75% as of June 30, 2014, resulting in a negative change of 55.43%. This indicates that the balance sheet and financial strength for Coastal Community Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Coastal Community Bank has increased its total deposits by $78.75 million, resulting in 22.54% 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 Coastal Community Bank has shown is excellent.



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. Coastal Community Bank has $488.78 million in assets with $47.64 million in equity, resulting in a capitalization level of 9.75%, which is above average.

Institution Statistics

FDIC Certificate #34403
Year Established1997
Primary RegulatorFED
Assets and Liabilities
Assets$488.78 million
Loans$396.93 million
Deposits$428.09 million
Equity Capital$42.61 million
Loan Loss Allowance$5.03 million
Unbacked Noncurrent Loans$1.80 million
Real Estate Owned$2.85 million
Historic Data - June 2013
Assets$397.28 million
Equity Capital$40.12 million
Loan Loss Allowance$4.14 million
Unbacked Noncurrent Loans$1.80 million
Real Estate Owned$1.99 million
Profit Margin - Quarterly
Return on Assets0.51%
Return on Equity5.55%
Interest Income$10.59 million
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Coastal Community Bank Savings Account Rates

0.20%--Regular Savings

Coastal Community Bank Money Market Rates

0.45%$250k-Great Rate Money Market
0.35%$90k-Money Market

Coastal Community Bank Checking Account Rates

1.50%-$15kGreen Rewards Checking - Qualifying
0.15%--Interest Checking
0.15%--Business Interest Checking
0.15%--Individual Attorney
0.15%--Client Trust
0.05%--Green Rewards Checking - Non Qualifying

Coastal Community Bank Locations
Silver Lake Branch10520 19th Avenue SeEverett, WA 98208
Darrington Branch1210 Sr530 NeDarrington, WA 98241
Smokey Point16419 Smokey Point BoulevardArlington, WA 98223
South Whidbey Branch1737 Main StreetFreeland, WA 98249
Monroe Branch19351 Hwy 2Monroe, WA 98272
Coastal Community Bank2817 Colby AvenueEverett, WA 98201
Sky Valley Branch425 Main StreetSultan, WA 98294
Camano Branch818 N Sunrise BlvdCamano Island, WA 98292
Snohomish Branch928 Avenue DSnohomish, WA 98290
Stanwood Branch9810 State Rt 532Stanwood, WA 98292