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Overview / Commentary
600 University Street, Suite 1850
Seattle, WA 98101

Seattle Bank offers the service and flexibility of a small bank and product selection and convenience of a large nationwide lender. Specializing in tailored banking solutions, they can meet virtually all individual and business banking needs and, through affiliated companies, provide a broad range of financial services such as personal insurance and residential loans. They are a very active and experienced residential construction and commercial construction lender.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Seattle Bank had $18.62 million in non-current loans and owned real-estate with $51.48 million in equity and loan loss allowances on hand to cover it. This gives Seattle Bank a Texas Ratio of 36.16% 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 Seattle Bank decreased dramatically from 57.14% as of March 31, 2013 to 36.16% as of March 31, 2014, resulting in a positive change of 36.72%.This indicates that the balance sheet and financial strength for Seattle Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Seattle Bank has decreased its total deposits by -$72.79 million, resulting in -30.56% 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 Seattle Bank has shown is poor.



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. Seattle Bank has $216.46 million in assets with $51.48 million in equity, resulting in a capitalization level of 23.79%, which is excellent.

Institution Statistics

FDIC Certificate #35139
Year Established1999
Primary RegulatorFDIC
Assets and Liabilities
Assets$216.46 million
Loans$117.13 million
Deposits$165.38 million
Equity Capital$45.67 million
Loan Loss Allowance$5.82 million
Unbacked Noncurrent Loans$6.06 million
Real Estate Owned$12.56 million
Historic Data - March 2013
Assets$277.66 million
Equity Capital$34.14 million
Loan Loss Allowance$11.60 million
Unbacked Noncurrent Loans$6.06 million
Real Estate Owned$15.54 million
Profit Margin - Quarterly
Net Interest Margin3.29%
Return on Assets0.02%
Return on Equity0.1%
Interest Income$1.97 million

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Seattle Bank Savings Account Rates

0.55%$250k-Family Savings Account
0.20%--Personal Basic Savings
0.20%--Student Savings
0.20%--Bank on Seattle
0.20%--College Savings
0.20%--Business Basic Savings

Seattle Bank Money Market Rates

0.35%$1m-Tiered Money Market Account

Seattle Bank Checking Account Rates

0.35%$500k-Business Analysis Checking
0.30%$500k-Premier Checking
0.30%$500k-Business Interest Checking
0.05%--50+ Checking

Seattle Bank CD Rates

1.75%$1k-60 Month CD
1.75%$1k-Business 60 Month CD
1.35%$1k-48 Month CD
1.35%$1k-Business 48 Month CD
1.20%$1k-36 Month CD
1.20%$1k-Business 36 Month CD
1.05%$1k-24 Month CD
1.05%$1k-Business 24 Month CD
0.90%$1k-12 Month CD
0.90%$1k-Business 12 Month CD
0.25%$1k-18 Month Flex Rate CD
0.25%$1k-Business 18 Month Flex Rate CD
0.20%$1k-9 Month CD
0.20%$1k-Business 9 Month CD
0.10%$1k-6 Month CD
0.10%$1k-Business 6 Month CD
0.05%$1k-3 Month CD
0.05%$1k-Business 3 Month CD

Seattle Bank IRA Rates

1.75%$500-60 Month IRA
1.35%$500-48 Month IRA
1.20%$500-36 Month IRA
1.05%$500-24 Month IRA
0.90%$500-12 Month IRA
0.25%$500-18 Month Flex Rate IRA
0.20%$500-9 Month IRA

Seattle Bank Locations
Bellevue Branch11120 Ne 33rd Place, Suite 200Bellevue, WA 98004
Wallingford Office1227 N. Allen PlaceSeattle, WA 98103
Belltown Branch2827 Second AvenueSeattle, WA 98121
Tacoma Branch4916 Center St #gTacoma, WA 98409
Seattle Bank600 University Street, Suite 1850Seattle, WA 98101
6450 Southcenter Blvd.S Center PkwyTukwila, WA 98188