Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Reviews (1)

Business Accounts

I went to open a business checking account and business money market with a EIN, SS# card, drivers license, marriage license.  I didn't want to use my SS# in place of my EIN.  Since I don't have a actual business license through the state I live in my account opening was not possible.  Being a sole proprieter I don't want a business license because of the cost annually.  I'm trying to save money at this point.  I was turned down for opening accounts because "there is no proof that the EIN is attached to my person".  When you file for a EIN, one of the requirements is your SS# on the application.  I had the provisional EIN from when I filed for it  and the letter from the IRS showing proof of the assigned EIN with my name and address listed at the top.  This is the first time I have ever been denied opening any type of accounts!  How humiliating!  I have great credit and have had my own business for 16 years.  I told the bank I would take my business elsewhere.  Their loss!  I will never think of referring this bank to anyone I know or consider any doing any type of business with them ever. Bank somewhere you are appreciated and they want your business!



Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A

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 HomeStreet Bank had $32 million in non-current loans and owned real-estate with $349.74 million in equity and loan loss allowances on hand to cover it. This gives HomeStreet Bank a Texas Ratio of 9.15% 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 HomeStreet Bank decreased dramatically from 15.93% as of June 30, 2013 to 9.15% as of June 30, 2014, resulting in a positive change of 42.58%.This indicates that the balance sheet and financial strength for HomeStreet Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, HomeStreet Bank has increased its total deposits by $452.84 million, resulting in 23.01% 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 excellent.

Capitalization

GRADE:
B+

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 $3.21 billion in assets with $349.74 million in equity, resulting in a capitalization level of 10.89%, which is above average.

Institution Statistics

Overall
FDIC Certificate #32489
Year Established1986
Employees1530
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.21 billion
Loans$2.36 billion
Deposits$2.42 billion
Equity Capital$327.82 million
Loan Loss Allowance$21.93 million
Unbacked Noncurrent Loans$14.06 million
Real Estate Owned$17.94 million
Historic Data - June 2013
Assets$2.75 billion
Equity Capital$306.64 million
Loan Loss Allowance$27.66 million
Unbacked Noncurrent Loans$14.06 million
Real Estate Owned$17.90 million
Profit Margin - Quarterly
Return on Assets0.88%
Return on Equity8.67%
Interest Income$51.35 million
Rates

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

HomeStreet Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Statement Savings
0.20%$100-IRA Savings Account
0.20%--Business Savings Account

HomeStreet Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%--Money Market
0.45%--Indexed Money Market
0.45%--Business Money Market
0.45%--Business Partnership Money Market Account
0.40%$100k-Business Cash Sweep Account

HomeStreet Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$10k-Premium Select Checking
0.25%--IOLTA (Lawyers Trust Account)
0.25%--IRETA (Real Estate Trust Account)
0.20%$1k-Business Advantage
0.20%--Community Partnership
0.20%$500-Non - Profit Partnership Plus
0.05%$50-Bank On Checking

HomeStreet Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-5 Year CD
0.60%$500-3 Year CD
0.40%$500-2 Year CD
0.35%$500-1 1/2 Year CD
0.35%$100-Home Purchase
0.35%$100-Set Your Own Goal
0.30%$90k-365 Day Jumbo CD
0.25%$90k-270 - 364 Day Jumbo 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%$90k-90 - 119 Day Jumbo CD
0.20%$90k-120 - 179 Day Jumbo CD
0.20%$500-9 Month CD
0.20%$500-1 Year CD
0.20%$5k-Featured 36 Month Flex CD
0.15%$500-3 Month CD
0.15%$500-31 Day CD
0.15%$500-6 Month CD
0.15%$5k-Featured 24 Month Flex CD

HomeStreet Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-5 Year IRA
0.60%$500-3 Year IRA
0.40%$500-2 Year IRA
0.35%$500-1 1/2 Year IRA
0.30%$90k-365 Day Jumbo IRA
0.25%$90k-270 - 364 Day Jumbo IRA
0.20%$90k-30 - 59 Day Jumbo IRA
0.20%$90k-60 - 89 Day Jumbo IRA
0.20%$90k-90 - 119 Day Jumbo IRA
0.20%$90k-120 - 179 Day Jumbo IRA
0.20%$90k-180 - 269 Day Jumbo IRA
0.20%$500-9 Month IRA
0.20%$500-1 Year IRA
0.15%$500-31 Day IRA
0.15%$500-3 Month IRA
0.15%$500-6 Month IRA
Locations

HomeStreet Bank has 23 locations. Click to view all HomeStreet Bank locations.