Seattle Bank

Seattle Bank Locations
600 University Street, Suite 1850
Seattle, WA 98101
888-500-BANK (2265)
www.seattlebank.com

FDIC
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.

Seattle Bank Routing Number: 125084697

Related Posts

Seattle Bank 1.0% MM With Rate Guarantee For Six Months (Forum) - 7/13/2011

Seattle Bank in Washington State has a promotion going on right now that guarantees rates for six months after date of opening the account.  The rates are 0.90% APY for their money market account on all deposits up to $100,000 and 1.00



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See Rates for: Checking | Savings | Money Market | CD | IRA

Seattle Bank Checking Account Rates

ApyMinMaxProduct
0.30%$500k$1mPremier Checking
0.30%$500k$1mBusiness Premier Checking
0.05%--50+ Checking
0.05%--IOLTA
0.05%--IRETA

Seattle Bank Savings Account Rates

ApyMinMaxProduct
0.60%$250k-Family Savings Account
0.45%--HomeStart
0.20%--Basic Savings
0.20%--Student Savings
0.20%--Bank on Seattle
0.20%--College Savings

Seattle Bank Money Market Rates

ApyMinMaxProduct
0.40%$1m$5mTiered Money Market Account

Seattle Bank CD Rates

ApyMinMaxProduct
1.15%$1k-36 Month CD With Seattle Bank Checking Account
1.15%$1k-Business 36 Month CD With Seattle Bank Checking Account
1.01%$1k-60 Month CD With Seattle Bank Checking Account
1.01%$1k-Business 60 Month CD With Seattle Bank Checking Account
0.99%$1k-24 Month CD With Seattle Bank Checking Account
0.99%$1k-Business 24 Month CD With Seattle Bank Checking Account
0.85%$1k-12 Month CD With Seattle Bank Checking Account
0.85%$1k-Business 12 Month CD With Seattle Bank Checking Account
0.80%$1k-60 Month CD W/O Seattle Bank Checking Account
0.80%$1k-Business 60 Month CD W/O Seattle Bank Checking Account
0.80%$1k-48 Month CD With Seattle Bank Checking Account
0.80%$1k-Business 48 Month CD With Seattle Bank Checking Account
0.60%$1k-48 Month CD W/O Seattle Bank Checking Account
0.60%$1k-Business 48 Month CD W/O Seattle Bank Checking Account
0.50%$1k-18 Month Flex Rate CD With Seattle Bank Checking Account
0.50%$1k-36 Month CD W/O Seattle Bank Checking Account
0.50%$1k-Business 18 Month Flex Rate CD With Seattle Bank Checking Account
0.50%$1k-Business 36 Month CD W/O Seattle Bank Checking Account
0.40%$1k-24 Month CD W/O Seattle Bank Checking Account
0.40%$1k-Business 24 Month CD W/O Seattle Bank Checking Account
0.35%$1k-9 Month CD With Seattle Bank Checking Account
0.35%$1k-Business 9 Month CD With Seattle Bank Checking Account
0.30%$1k-18 Month Flex Rate CD W/O Seattle Bank Checking Account
0.30%$1k-Business 18 Month Flex Rate CD W/O Seattle Bank Checking Account
0.25%$1k-6 Month CD With Seattle Bank Checking Account
0.25%$1k-9 Month CD W/O Seattle Bank Checking Account
0.25%$1k-12 Month CD W/O Seattle Bank Checking Account
0.25%$1k-Business 6 Month CD With Seattle Bank Checking Account
0.25%$1k-Business 9 Month CD W/O Seattle Bank Checking Account
0.25%$1k-Business 12 Month CD W/O Seattle Bank Checking Account
0.20%$1k-3 Month CD With Seattle Bank Checking Account
0.20%$1k-Business 3 Month CD With Seattle Bank Checking Account
0.15%$1k-6 Month CD W/O Seattle Bank Checking Account
0.15%$1k-Business 6 Month CD W/O Seattle Bank Checking Account
0.10%$1k-3 Month CD W/O Seattle Bank Checking Account
0.10%$1k-Business 3 Month CD W/O Seattle Bank Checking Account

Seattle Bank IRA Rates

ApyMinMaxProduct
1.15%$500-36 Month IRA With Seattle Bank Checking Account
1.15%$500-36 Month Roth IRA With Seattle Bank Checking Account
1.01%$500-60 Month IRA With Seattle Bank Checking Account
1.01%$500-60 Month Roth IRA With Seattle Bank Checking Account
0.99%$500-24 Month IRA With Seattle Bank Checking Account
0.99%$500-24 Month Roth IRA With Seattle Bank Checking Account
0.85%$500-12 Month IRA With Seattle Bank Checking Account
0.85%$500-12 Month Roth IRA With Seattle Bank Checking Account
0.80%$500-60 Month IRA W/O Seattle Bank Checking Account
0.80%$500-60 Month Roth IRA W/O Seattle Bank Checking Account
0.80%$500-48 Month IRA With Seattle Bank Checking Account
0.80%$500-48 Month Roth IRA With Seattle Bank Checking Account
0.60%$500-48 Month IRA W/O Seattle Bank Checking Account
0.60%$500-48 Month Roth IRA W/O Seattle Bank Checking Account
0.50%$500-18 Month Flex Rate IRA With Seattle Bank Checking Account
0.50%$500-36 Month IRA W/O Seattle Bank Checking Account
0.50%$500-18 Month Flex Rate Roth IRA With Seattle Bank Checking Account
0.50%$500-36 Month Roth IRA W/O Seattle Bank Checking Account
0.40%$500-24 Month IRA W/O Seattle Bank Checking Account
0.40%$500-24 Month Roth IRA W/O Seattle Bank Checking Account
0.35%$500-9 Month IRA With Seattle Bank Checking Account
0.35%$500-9 Month Roth IRA With Seattle Bank Checking Account
0.30%$500-18 Month Flex Rate IRA W/O Seattle Bank Checking Account
0.30%$500-18 Month Flex Rate Roth IRA W/O Seattle Bank Checking Account
0.25%$500-6 Month IRA With Seattle Bank Checking Account
0.25%$500-9 Month IRA W/O Seattle Bank Checking Account
0.25%$500-12 Month IRA W/O Seattle Bank Checking Account
0.25%$500-6 Month Roth IRA With Seattle Bank Checking Account
0.25%$500-9 Month Roth IRA W/O Seattle Bank Checking Account
0.25%$500-12 Month Roth IRA W/O Seattle Bank Checking Account
0.20%$500-3 Month IRA With Seattle Bank Checking Account
0.20%$500-3 Month Roth IRA With Seattle Bank Checking Account
0.15%$500-6 Month IRA W/O Seattle Bank Checking Account
0.15%$500-6 Month Roth IRA W/O Seattle Bank Checking Account
0.10%$500-3 Month IRA W/O Seattle Bank Checking Account
0.10%$500-3 Month Roth IRA W/O Seattle Bank Checking Account

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Seattle Bank
FDIC Certificate #35139
BankRate ReportView
Year Established1999
Employees76
Primary RegulatorFDIC

Assets and Liabilities

Assets$251.02 million
Loans$169.62 million
Deposits$211.80 million
Equity Capital$33.76 million
Loan Loss Allowance$12.35 million
Unbacked Noncurrent Loans$9.70 million
Real Estate Owned$16.10 million

Historic Data - December 2011

Assets$314.34 million
Equity Capital$35.66 million
Loan Loss Allowance$14.70 million
Unbacked Noncurrent Loans$25.69 million
Real Estate Owned$40.10 million

Profit Margin - Quarterly

Net Interest Margin2.69%
Return on Assets-0.69%
Return on Equity-5.64%
Interest Income$9.19 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Seattle Bank had $25.8 million in non-current loans and owned real-estate with $46.11 million in equity and loan loss allowances on hand to cover it. This gives Seattle Bank a Texas Ratio of 55.95% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Seattle Bank decreased significantly from 131.18% as of December 31, 2011 to 55.95% as of December 31, 2012, resulting in a positive change of 57.35%.This indicates that the balance sheet and financial strength for Seattle Bank has improved significantly in recent periods.
Deposit Growth1
In the past year, Seattle Bank has decreased its total deposits by -$60.71 million, resulting in -22.28% 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.
Capitalization5
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 $251.02 million in assets with $46.11 million in equity, resulting in a capitalization level of 18.37%, which is excellent.
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