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Overview / Commentary
2607 Martin Way East, Suite 211
Olympia, WA 98506

Washington Business Bank is headquartered in Olympia and is the 51st largest bank in the state of Washington. It is also the 5,582nd largest bank in the nation. It was established in 2002 and as of June of 2014, it had grown to 14 employees at 2 locations. Washington Business Bank has a B+ health rating.

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Data for Q2 2014

Institution Health

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

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 June 30, 2014 Washington Business Bank had $1.25 million in non-current loans and owned real-estate with $8.67 million in equity and loan loss allowances on hand to cover it. This gives Washington Business Bank a Texas Ratio of 14.45% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Washington Business Bank decreased dramatically from 32.84% as of June 30, 2013 to 14.45% as of June 30, 2014, resulting in a positive change of 56.01%.This indicates that the balance sheet and financial strength for Washington Business Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Washington Business Bank has decreased its total deposits by $-228,000, resulting in -0.45% 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 Washington Business Bank has shown is average.



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. Washington Business Bank has $63.08 million in assets with $8.67 million in equity, resulting in a capitalization level of 13.75%, which is excellent.

Institution Statistics

FDIC Certificate #57167
Year Established2002
Primary RegulatorFDIC
Assets and Liabilities
Assets$63.08 million
Loans$54.47 million
Deposits$50.08 million
Equity Capital$7.87 million
Loan Loss Allowance$803,000
Unbacked Noncurrent Loans$769,000
Real Estate Owned$484,000
Historic Data - June 2013
Assets$62.50 million
Equity Capital$7.28 million
Loan Loss Allowance$778,000
Unbacked Noncurrent Loans$769,000
Real Estate Owned$1.34 million
Profit Margin - Quarterly
Return on Assets1.2%
Return on Equity10.37%
Interest Income$1.79 million
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Washington Business Bank Savings Account Rates

0.20%--Health Savings Account
0.15%$100-Personal Savings Account
0.15%--Business Savings Account

Washington Business Bank Money Market Rates

0.30%$100k-Personal Money Market Account
0.30%$100k-Business Money Market Account

Washington Business Bank CD Rates

1.82%--5 Year CD
1.51%--4 Year CD
1.06%--3 Year CD
1.06%--3 Year Health Savings Account CD
0.65%--2 Year CD
0.65%--2 Year Health Savings Account CD
0.55%--18 Month CD
0.55%--18 Month Health Savings Account CD
0.40%--12 Month CD
0.40%--12 Month Health Savings Account CD
0.35%--9 Month CD
0.30%--6 Month CD

Washington Business Bank IRA Rates

1.82%--5 Year IRA
1.51%$1k-4 Year IRA
1.06%--3 Year IRA
0.65%--2 Year IRA
0.55%--18 Month IRA
0.40%--12 Month IRA
0.35%--9 Month IRA
0.30%--6 Month IRA

Washington Business Bank Locations
Washington Business Bank2607 Martin Way East, Suite 211Olympia, WA 98506