HomeStreet Bank

601 Union Street Suite 2000
Seattle, WA 98101
1-800-719-8080
www.homestreetbank.com

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HomeStreet Bank is headquartered in Seattle and is the 6^th largest bank in the state of Washington. It is also the 301^st largest bank in the nation. It was established in 1986 and as of September of 2011, it had grown to 588 employees at 20 locations. HomeStreet Bank's money market rates are 25% higher than the national average, but it has a 2-star health rating.

HomeStreet Bank Routing Number: 325084426

$300 Checking Account Bonus at HomeStreet Bank in WA, OR & HI - Local Only - 1/13/2011

HomeStreet Bank is again offering a checking account promotion and it has gotten better since I reviewed it last year. The bonus amounts have gone up. Details are listed in the bank's promotion page a ...

Reminder: $215 Checking Account Bonus Continues at HomeStreet Bank in WA, OR & HI (Forum) - 2/15/2010

Refer to my HomeStreet Bonus review for the full details. I've made some updates in their refer-a-friend bonus, and I added a link to a FDIC Cease and Desist order. Note, the promotion is only for residents in WA, OR and HI.

$215 Checking Account Bonus is Back at HomeStreet Bank in WA, OR & HI - Local Only - 1/21/2010

HomeStreet Bank has brought back its $215 checking account promotion that I last reported on in July 2009. The bonuses amounts appear to be the same as before. The largest bonus is for direct deposit, ...

2.55% 18-Month CD & Other High CD Rates at HomeStreet Bank in WA & OR - Local Only - 7/15/2009

HomeStreet Bank is again offering a few good CD and IRA deals. The most competitive as listed at the bank's CD page as of 7/15/09 include:2.35% APY 12-month CD2.55% APY 18-month Featured CD2.85% APY 24-month CD3.55% APY 60-month CDMinimum deposit is...

2009

2008

12/31 - $190 Checking Account Bonus at HomeStreet Bank in WA, OR & HI

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See Rates for: Checking | Savings | Money Market | CD | IRA

HomeStreet Bank Checking Account Rates

Apy	Min	Max	Product
0.45%	$10k	-	Premier Checking
0.20%	$100	-	Deluxe Checking
0.05%^†	$50	-	Bank on Seattle-King County

HomeStreet Bank Savings Account Rates

Apy	Min	Max	Product
0.30%^†	$100	-	Statement Savings Account
0.30%^†	$100	-	IRA Savings Account

HomeStreet Bank Money Market Rates

Apy	Min	Max	Product
0.55%^†	-	-	Money Market
0.55%^†	-	-	Indexed Money Market

HomeStreet Bank CD Rates

Apy	Min	Max	Product
1.25%^†	$500	-	5 Year CD
0.75%^†	$500	-	3 Year CD
0.45%^†	$100	-	Home Purchase
0.45%^†	$100	-	Set Your Own Goal
0.45%^†	$500	-	2 Year CD
0.40%^†	$500	-	1 1/2 Year CD
0.30%^†	$500	-	1 Year CD
0.30%^†	$90k	-	365 Day Jumbo CD
0.30%	$5k	-	Featured 36 Month Flex CD
0.25%^†	$90k	-	270 - 364 Day Jumbo CD
0.25%^†	$500	-	9 Month CD
0.20%^†	$500	-	3 Month CD
0.20%^†	$90k	-	30 - 59 Day Jumbo CD
0.20%^†	$90k	-	60 - 89 Day Jumbo CD
0.20%^†	$90k	-	180 - 269 Day Jumbo CD
0.20%^†	$500	-	31 Day CD
0.20%^†	$90k	-	90 - 119 Day Jumbo CD
0.20%^†	$90k	-	120 - 179 Day Jumbo CD
0.20%^†	$500	-	6 Month CD
0.20%	$5k	-	Featured 24 Month Flex CD

HomeStreet Bank IRA Rates

Apy	Min	Max	Product
1.25%^†	$500	-	5 Year IRA
0.75%^†	$500	-	3 Year IRA
0.45%^†	$500	-	2 Year IRA
0.40%^†	$500	-	1 1/2 Year IRA
0.30%^†	$500	-	1 Year IRA
0.30%^†	$90k	-	365 Day Jumbo IRA
0.25%^†	$90k	-	270 - 364 Day Jumbo IRA
0.25%^†	$500	-	9 Month IRA
0.20%^†	$90k	-	30 - 59 Day Jumbo IRA
0.20%^†	$500	-	31 Day IRA
0.20%^†	$90k	-	60 - 89 Day Jumbo IRA
0.20%^†	$90k	-	90 - 119 Day Jumbo IRA
0.20%^†	$500	-	3 Month IRA
0.20%^†	$90k	-	120 - 179 Day Jumbo IRA
0.20%^†	$90k	-	180 - 269 Day Jumbo IRA
0.20%^†	$500	-	6 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

HomeStreet Bank
FDIC Certificate #	32489
BankRate Report	View
Year Established	1986
Employees	588
Primary Regulator	FDIC
Assets and Liabilities
Assets	$2.30 billion
Loans	$1.59 billion
Deposits	$2.06 billion
Equity Capital	$135.71 million
Loan Loss Allowance	$53.17 million
Unbacked Noncurrent Loans	$95.09 million
Real Estate Owned	$72.71 million
Historic Data - September 2010
Assets	$2.66 billion
Equity Capital	$136.16 million
Loan Loss Allowance	$70.55 million
Unbacked Noncurrent Loans	$169.13 million
Real Estate Owned	$207.35 million
Profit Margin - Quarterly
Net Interest Margin	2.45%
Return on Assets	0.45%
Return on Equity	8.86%
Interest Income	$59.75 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
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 September 30, 2011 HomeStreet Bank had $167.8 million in non-current loans and owned real-estate with $188.88 million in equity and loan loss allowances on hand to cover it. This gives HomeStreet Bank a Texas Ratio of 88.84% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for HomeStreet Bank decreased significantly from 180.32% as of September 30, 2010 to 88.84% as of September 30, 2011, resulting in a positive change of 50.73%.This indicates that the balance sheet and financial strength for HomeStreet Bank has improved significantly in recent periods.
Deposit Growth
In the past year, HomeStreet Bank has decreased its total deposits by -$261.3 million, resulting in -11.26% 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 HomeStreet Bank has shown is poor.
Capitalization
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. HomeStreet Bank has $2.3 billion in assets with $188.88 million in equity, resulting in a capitalization level of 8.22%, which is average.

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Vote: 0	$300 Checking Account Bonus OfferCheckingCash	View Promo Details »
	Leave a Comment (2) »
	Edward Rock - November 19, 2011 This is a great bank. Want a small bank where people know who you are, this is the place. Anonymous - December 15, 2011 I plan to sign up for this; any current customers out there want to offer me a referral so we can both get an extra $50?