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Overview / Commentary
1110 112th Avenue Ne, Suite 200
Bellevue, WA 98004

Foundation Bank (WA) is headquartered in Bellevue and is the 29th largest bank in the state of Washington. It is also the 1,803rd largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 56 employees at 1 location. Foundation Bank (WA) has a B+ health rating.

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Data for Q1 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 March 31, 2014 Foundation Bank (WA) had $21.68 million in non-current loans and owned real-estate with $46.2 million in equity and loan loss allowances on hand to cover it. This gives Foundation Bank (WA) a Texas Ratio of 46.93% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Foundation Bank (WA) decreased slightly from 65.46% as of March 31, 2013 to 46.93% as of March 31, 2014, resulting in a positive change of 28.31%.This indicates that the balance sheet and financial strength for Foundation Bank (WA) has improved slightly in recent periods.

Deposit Growth


In the past year, Foundation Bank (WA) has increased its total deposits by $12.6 million, resulting in 4.06% 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 Foundation Bank (WA) 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. Foundation Bank (WA) has $365.62 million in assets with $46.2 million in equity, resulting in a capitalization level of 12.64%, which is excellent.

Institution Statistics

FDIC Certificate #35566
Year Established2000
Primary RegulatorFDIC
Assets and Liabilities
Assets$365.62 million
Loans$274.87 million
Deposits$322.68 million
Equity Capital$41.11 million
Loan Loss Allowance$5.09 million
Unbacked Noncurrent Loans$16.03 million
Real Estate Owned$5.65 million
Historic Data - March 2013
Assets$346.85 million
Equity Capital$35.02 million
Loan Loss Allowance$9.39 million
Unbacked Noncurrent Loans$16.03 million
Real Estate Owned$7.10 million
Profit Margin - Quarterly
Net Interest Margin3.96%
Return on Assets0.65%
Return on Equity5.88%
Interest Income$3.56 million

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Foundation Bank (WA) Savings Account Rates

0.10%--Business Savings
0.10%--Personal Savings

Foundation Bank (WA) Money Market Rates

0.40%$1m-Business Money Market
0.40%$1m-Personal Money Market

Foundation Bank (WA) Checking Account Rates

0.10%--Business Interest Checking
0.10%--IOLTA, Legal
0.10%--IOLTA, Escrow
0.10%--Personal Interest Checking

Foundation Bank (WA) CD Rates

0.85%$100k-Business 5 Year CD
0.85%$100k-5 Year CD
0.70%$100k-Business 3 Year CD
0.70%$100k-3 Year CD
0.55%$100k-Business 2 Year CD
0.55%$100k-2 Year CD
0.40%$100k-Business 1 Year CD
0.40%$100k-1 Year CD
0.25%$500-Business 180 Day CD
0.25%$500-180 Day CD
0.15%$500-Business 90 Day CD
0.15%$500-90 Day CD

Foundation Bank (WA) IRA Rates

0.40%$100k-1 Year IRA
0.25%$500-180 Day IRA

Foundation Bank (WA) Locations
Foundation Bank1110 112th Avenue Ne, Suite 200Bellevue, WA 98004