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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 1,796th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 57 employees at 1 location. Foundation Bank (WA) has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C-

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 Foundation Bank (WA) had $22.79 million in non-current loans and owned real-estate with $45.37 million in equity and loan loss allowances on hand to cover it. This gives Foundation Bank (WA) a Texas Ratio of 50.24% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Foundation Bank (WA) decreased slightly from 59.38% as of December 31, 2012 to 50.24% as of December 31, 2013, resulting in a positive change of 15.40%.This indicates that the balance sheet and financial strength for Foundation Bank (WA) has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Foundation Bank (WA) has decreased its total deposits by -$6.76 million, resulting in -2.06% 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 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. Foundation Bank (WA) has $363.97 million in assets with $45.37 million in equity, resulting in a capitalization level of 12.47%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35566
Year Established2000
Employees57
Primary RegulatorFDIC
Assets and Liabilities
Assets$363.97 million
Loans$277.09 million
Deposits$320.91 million
Equity Capital$40.11 million
Loan Loss Allowance$5.26 million
Unbacked Noncurrent Loans$16.66 million
Real Estate Owned$6.13 million
Historic Data - December 2012
Assets$364.11 million
Equity Capital$34.01 million
Loan Loss Allowance$9.37 million
Unbacked Noncurrent Loans$16.66 million
Real Estate Owned$8.19 million
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets1.96%
Return on Equity19.51%
Interest Income$14.51 million
Rates

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

Foundation Bank (WA) Savings Account Rates

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

Foundation Bank (WA) Money Market Rates

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

Foundation Bank (WA) Checking Account Rates

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

Foundation Bank (WA) CD Rates

DetailsAPYMINMAXPRODUCT
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

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


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