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Olympia Federal Savings and Loan Association

Overview / Commentary
360-754-3400
421 Capitol Way S
Olympia, WA 98507

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 1,215st largest bank in the nation. It was established in 1906 and as of March of 2014, it had grown to 95 employees at 7 locations. Olympia Federal Savings and Loan Association has a A health rating.

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Health

Data for Q1 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 March 31, 2014 Olympia Federal Savings and Loan Association had $4.1 million in non-current loans and owned real-estate with $84 million in equity and loan loss allowances on hand to cover it. This gives Olympia Federal Savings and Loan Association a Texas Ratio of 4.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Olympia Federal Savings and Loan Association decreased slightly from 6.57% as of March 31, 2013 to 4.88% as of March 31, 2014, resulting in a positive change of 25.70%.This indicates that the balance sheet and financial strength for Olympia Federal Savings and Loan Association has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Olympia Federal Savings and Loan Association has decreased its total deposits by $-15,000, resulting in 0% 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 $554.41 million in assets with $84 million in equity, resulting in a capitalization level of 15.15%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28599
Year Established1906
Employees95
Primary RegulatorFDIC
Assets and Liabilities
Assets$554.41 million
Loans$344.39 million
Deposits$469.64 million
Equity Capital$83.12 million
Loan Loss Allowance$874,000
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$2.25 million
Historic Data - March 2013
Assets$554.81 million
Equity Capital$82.46 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$1.66 million
Profit Margin - Quarterly
Net Interest Margin3.19%
Return on Assets0.68%
Return on Equity4.6%
Interest Income$4.86 million
Rates

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Olympia Federal Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Super Saver Passbook
0.15%$100-Savings Account

Olympia Federal Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Account

Olympia Federal Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-Jump Start Checking
0.10%$100-Choice Checking
0.10%$100-Non-Personal Checking

Olympia Federal Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$100-72-120 Month CD
1.11%$50-New 48 Month Dream Builder CD
1.10%$100-60 Month CD
1.00%$50-New 48 Month Dream Saver CD
0.85%$100-48 Month CD
0.80%$100-48 Month Add-On CD Special
0.65%$100-36 Month CD
0.60%$100-30 Month CD
0.40%$100$100k24 Month Add On CD
0.35%$100-18-29 Month CD
0.35%$100-18 Month Bump Rate CD
0.30%$100-12-17 Month CD
0.30%$100$100k15 Month Add On CD
0.20%$2,500-6 Month CD
0.10%$2,500-91 Day CD

Olympia Federal Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.22%$50-72-120 Month IRA
0.81%$50-42-71 Month IRA
0.56%$50-30-41 Month IRA
0.35%$50-18-29 Month IRA
0.35%$50-18 Month Add On IRA
0.30%$50-12 Month Add On IRA
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