Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
866-372-1200
201 Wells Avenue South
Renton, WA 98057

First Savings Bank Northwest is headquartered in Renton and is the 15st largest bank in the state of Washington. It is also the 738th largest bank in the nation. It was established in 1923 and as of December of 2013, it had grown to 91 employees at 1 location. First Savings Bank Northwest has a B+ health rating.

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 First Savings Bank Northwest had $15.31 million in non-current loans and owned real-estate with $177.6 million in equity and loan loss allowances on hand to cover it. This gives First Savings Bank Northwest a Texas Ratio of 8.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First Savings Bank Northwest decreased dramatically from 24.55% as of December 31, 2012 to 8.62% as of December 31, 2013, resulting in a positive change of 64.88%.This indicates that the balance sheet and financial strength for First Savings Bank Northwest has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, First Savings Bank Northwest has decreased its total deposits by -$66.86 million, resulting in -9.66% 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 First Savings Bank Northwest 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. First Savings Bank Northwest has $914.29 million in assets with $177.6 million in equity, resulting in a capitalization level of 19.42%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29058
Year Established1923
Employees91
Primary RegulatorFDIC
Assets and Liabilities
Assets$914.29 million
Loans$657.59 million
Deposits$625.46 million
Equity Capital$164.97 million
Loan Loss Allowance$12.63 million
Unbacked Noncurrent Loans$3.85 million
Real Estate Owned$11.47 million
Historic Data - December 2012
Assets$934.23 million
Equity Capital$150.76 million
Loan Loss Allowance$12.21 million
Unbacked Noncurrent Loans$3.85 million
Real Estate Owned$17.26 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets2.8%
Return on Equity15.76%
Interest Income$38.16 million
Rates

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

First Savings Bank Northwest Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Statement Savings

First Savings Bank Northwest Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-FIRST Money Market
0.20%$100k-FIRST Business Premium Money Market

First Savings Bank Northwest Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$5k-Green Checking
0.15%$25k-Checking
0.15%$25k-E-Free Checking

First Savings Bank Northwest CD Rates

DetailsAPYMINMAXPRODUCT
1.02%$25k-48 Month CD
0.66%$100k-36 Month CD
0.56%$100k-24 Month CD
0.36%$25k-12 Month CD
0.36%--18 Month Grow With Us CD
0.35%$25k-9 Month CD
0.20%$25k-6 Month CD
0.10%$1k-3 Month CD

First Savings Bank Northwest IRA Rates

DetailsAPYMINMAXPRODUCT
1.02%$25k-48 Month IRA
0.66%$100k-36 Month IRA
0.56%$100k-24 Month IRA
0.36%$25k-12 Month IRA
Locations


First Savings Bank Northwest Locations
First Savings Bank Northwest201 Wells Avenue SouthRenton, WA 98057