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360-754-3400
5th & Capitol Way
Olympia, WA 98501

Olympia Federal Savings and Loan Association is headquartered in Olympia and is the 22nd largest bank in the state of Washington. It is also the 1,212st largest bank in the nation. It was established in 1906 and as of December of 2013, it had grown to 94 employees at 7 locations. Olympia Federal Savings and Loan Association has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Olympia Federal Savings and Loan Association had $4.06 million in non-current loans and owned real-estate with $82.44 million in equity and loan loss allowances on hand to cover it. This gives Olympia Federal Savings and Loan Association a Texas Ratio of 4.93% 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 Olympia Federal Savings and Loan Association decreased dramatically from 8.41% as of December 31, 2012 to 4.93% as of December 31, 2013, resulting in a positive change of 41.40%.This indicates that the balance sheet and financial strength for Olympia Federal Savings and Loan Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Olympia Federal Savings and Loan Association has decreased its total deposits by -$1.72 million, resulting in -0.37% 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 Olympia Federal Savings and Loan Association 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. Olympia Federal Savings and Loan Association has $551.28 million in assets with $82.44 million in equity, resulting in a capitalization level of 14.95%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28599
Year Established1906
Employees94
Primary RegulatorFDIC
Assets and Liabilities
Assets$551.28 million
Loans$344.98 million
Deposits$468.18 million
Equity Capital$81.58 million
Loan Loss Allowance$863,000
Unbacked Noncurrent Loans$1.60 million
Real Estate Owned$2.46 million
Historic Data - December 2012
Assets$554.16 million
Equity Capital$81.58 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$1.60 million
Real Estate Owned$1.77 million
Profit Margin - Quarterly
Net Interest Margin3.16%
Return on Assets0.54%
Return on Equity3.64%
Interest Income$19.74 million
Rates

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Locations


Olympia Federal Savings and Loan Association Locations
Thriftway Shopping Center Branch24081 Ne State Route 3Belfair, WA 98528
2420 Harrison Ave Branch2420 Harrison AveOlympia, WA 98502
403 Cleveland Ave Suite C Branch403 Cleveland Ave Se #cTumwater, WA 98501
4310 6th Ave Se Branch4310 6th Ave SeLacey, WA 98503
Yelm Highway Branch4860 Yelm Highway SoutheastLacey, WA 98503
Olympia Federal Savings and Loan Association5th & Capitol WayOlympia, WA 98501
Hawks Prairie Branch8300 Quinault Dr NeOlympia, WA 98516