HomeStreet Bank

2000 Two Union Square, 601 Union Street
Seattle, WA 98101
1-800-719-8080
www.homestreet.com

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HomeStreet Bank is headquartered in Seattle and is the 7^th largest bank in the state of Washington. It is also the 283^rd largest bank in the nation. It was established in 1986 and as of December of 2012, it had grown to 1,088 employees at 20 locations. HomeStreet Bank's money market rates are 14% higher than the national average, and it has a 4-star health rating.

HomeStreet Bank Routing Number: 325084426

Update on HomeStreet Bank, Its Financial Health and Checking Promotion - 2/21/2013

As I was reviewing old promotions looking for those that may still be available, I came across HomeStreet Bank which is still offering a checking account bonus of up to $300. It's also still offering ...

$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, ...

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	-	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
0.05%^†	$50	-	Bank On Checking

HomeStreet Bank Savings Account Rates

Apy	Min	Max	Product
0.20%^†	$100	-	Statement Savings
0.20%^†	$100	-	IRA Savings Account
0.20%^†	-	-	Business Savings Account

HomeStreet Bank Money Market Rates

Apy	Min	Max	Product
0.50%^†	-	-	Money Market
0.50%^†	-	-	Indexed Money Market
0.50%^†	-	-	Business Money Market

HomeStreet Bank CD Rates

Apy	Min	Max	Product
0.75%^†	$500	-	5 Year CD
0.50%^†	$500	-	3 Year CD
0.35%^†	$500	-	1 1/2 Year CD
0.35%^†	$100	-	Home Purchase
0.35%^†	$100	-	Set Your Own Goal
0.35%^†	$500	-	2 Year CD
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%^†	$10k	-	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

Apy	Min	Max	Product
0.75%^†	$500	-	5 Year IRA
0.50%^†	$500	-	3 Year IRA
0.35%^†	$500	-	1 1/2 Year IRA
0.35%^†	$500	-	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

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

HomeStreet Bank
FDIC Certificate #	32489
BankRate Report	View
Year Established	1986
Employees	1088
Primary Regulator	FDIC
Assets and Liabilities
Assets	$2.62 billion
Loans	$1.93 billion
Deposits	$2.00 billion
Equity Capital	$302.26 million
Loan Loss Allowance	$27.56 million
Unbacked Noncurrent Loans	$29.89 million
Real Estate Owned	$28.52 million
Historic Data - December 2011
Assets	$2.25 billion
Equity Capital	$144.48 million
Loan Loss Allowance	$42.69 million
Unbacked Noncurrent Loans	$76.55 million
Real Estate Owned	$44.52 million
Profit Margin - Quarterly
Net Interest Margin	2.84%
Return on Assets	3.48%
Return on Equity	35.47%
Interest Income	$80.22 million

Institution Health

Overall Score:

4 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 December 31, 2012 HomeStreet Bank had $58.41 million in non-current loans and owned real-estate with $329.82 million in equity and loan loss allowances on hand to cover it. This gives HomeStreet Bank a Texas Ratio of 17.71% 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 HomeStreet Bank decreased significantly from 62.06% as of December 31, 2011 to 17.71% as of December 31, 2012, resulting in a positive change of 71.47%.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 -$10.02 million, resulting in -0.5% 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 average.
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 $2.62 billion in assets with $329.82 million in equity, resulting in a capitalization level of 12.60%, which is excellent.