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Overview / Commentary
360-942-3444
202 Duryea St
Raymond, WA 98577

Raymond Federal Bank is headquartered in Raymond and is the 55th largest bank in the state of Washington. It is also the 5,966th largest bank in the nation. It was established in 1925 and as of December of 2013, it had grown to 18 employees at 3 locations. Raymond Federal Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Raymond Federal Bank has a relatively low asset base.

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 Raymond Federal Bank had $262,000 in non-current loans and owned real-estate with $6.16 million in equity and loan loss allowances on hand to cover it. This gives Raymond Federal Bank a Texas Ratio of 4.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Raymond Federal Bank experienced no significant changes from 2.72% as of December 31, 2012 to 4.25% as of December 31, 2013, resulting in a negative change of 56.19%. This indicates that the balance sheet and financial strength for Raymond Federal Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Raymond Federal Bank has decreased its total deposits by -$2.42 million, resulting in -5.06% 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 Raymond Federal Bank has shown is below 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. Raymond Federal Bank has $51.63 million in assets with $6.16 million in equity, resulting in a capitalization level of 11.94%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28266
Year Established1925
Employees18
Primary RegulatorFDIC
Assets and Liabilities
Assets$51.63 million
Loans$41.04 million
Deposits$45.46 million
Equity Capital$5.68 million
Loan Loss Allowance$484,000
Unbacked Noncurrent Loans$190,000
Real Estate Owned$72,000
Historic Data - December 2012
Assets$55.03 million
Equity Capital$5.58 million
Loan Loss Allowance$524,000
Unbacked Noncurrent Loans$190,000
Real Estate Owned$65,000
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets0.2%
Return on Equity1.85%
Interest Income$2.41 million
Rates

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Raymond Federal Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50-Statement Savings
0.10%--Statement Savings for Students

Raymond Federal Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$20k-Premier Plus Money Market
0.20%$5k-Money Market

Raymond Federal Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$20k-Premier Checking
0.20%$20k-50 + Premier Checking
0.17%$20k-Interest + Checking
0.17%$20k-50 + Checking

Raymond Federal Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$50k-5 Year CD
0.80%$50k-18 Month CD
0.30%$50k-1 Year CD
0.25%$50k-182 Day CD
0.25%$50k-3 Year CD
0.20%$50k-90 Day CD
0.20%$50k-7 Month CD
0.20%$50k-8 Month CD
0.20%$50k-9 Month CD
0.20%$50k-13 Month CD
0.20%$50k-14 Month CD
0.20%$50k-15 Month CD
0.20%$50k-16 Month CD
0.20%$50k-2 Year CD
0.20%$50k-30 Month CD
0.20%$50k-33 Month CD

Raymond Federal Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.16%$50k-5 Year IRA CD
0.80%$50k-18 Month IRA CD
0.30%$50k-1 Year IRA CD
0.25%$50k-182 Day IRA CD
0.25%$50k-3 Year IRA CD
0.20%$50k-90 Day IRA CD
0.20%$50k-7 Month IRA CD
0.20%$50k-8 Month IRA CD
0.20%$50k-9 Month IRA CD
0.20%$50k-13 Month IRA CD
0.20%$50k-14 Month IRA CD
0.20%$50k-15 Month IRA CD
0.20%$50k-16 Month IRA CD
0.20%$50k-2 Year IRA CD
0.20%$50k-30 Month IRA CD
0.20%$50k-33 Month IRA CD
Locations


Raymond Federal Bank Locations
1000 W Robert Bush Drive Branch1000 W Robert Bush DriveSouth Bend, WA 98586
1615 Pacific South Branch1615 Pacific SouthLong Beach, WA 98631
Raymond Federal Bank202 Duryea StRaymond, WA 98577