425 Pike Street
Seattle, WA 98101
1-800-324-9375
www.washingtonfederal.com

FDIC


Washington Federal is headquartered in Seattle and is the largest bank in the state of Washington. It is also the 91st largest bank in the nation. It was established in 1917 and as of December of 2012, it had grown to 1,430 employees at 191 locations. Washington Federal has a 5-star health rating.

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2011




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

Washington Federal Checking Account Rates

ApyMinMaxProduct
0.15%$10k$250kStellar Checking
0.15%$10k$250kBusiness Stellar Interest Checking
0.10%$10k$250kPerformance Checking

Washington Federal Savings Account Rates

ApyMinMaxProduct
0.20%$100-Business Savings
0.15%$100-Passbook Savings
0.15%$100-Statement Savings
0.15%--Passbook Savings for Minors
0.15%--Statement Savings for Minors

Washington Federal Money Market Rates

ApyMinMaxProduct
0.30%$90k$250kBusiness Money Market
0.25%$90k$250kMoney Market

Washington Federal CD Rates

ApyMinMaxProduct
1.55%$90k$250k60 Month CD
1.55%$90k$250kBusiness 60 Month CD
1.40%$90k$250k48 - 59 Month CD
1.40%$90k$250kBusiness 48 - 59 Month CD
1.05%$90k$250k36 - 47 Month CD
1.05%$90k$250kBusiness 36 - 47 Month CD
0.75%$90k$250k24 - 35 Month CD
0.75%$90k$250kBusiness 24 - 35 Month CD
0.50%$90k$250k18 - 23 Month CD
0.50%$90k$250kBusiness 18 - 23 Month CD
0.45%$1k-18 Month Boost Rate CD
0.40%$90k$250k12 - 17 Month CD
0.40%$90k$250kBusiness 12 - 17 Month CD
0.30%$90k$250k6 - 11 Month CD
0.30%$90k$250kBusiness 6 - 11 Month CD
0.20%$90k$250k3 Month CD
0.20%$90k$250k4 - 5 Month CD
0.20%$90k$250kBusiness 3 Month CD
0.20%$90k$250kBusiness 4 - 5 Month CD
0.10%$90k$250k14 Day - 2 Month CD
0.10%$90k$250kBusiness 14 Day - 2 Month CD

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Washington Federal
OTS #00880
FDIC Certificate #28088
BankRate ReportView
Year Established1917
Employees1430
Primary RegulatorOCC

Assets and Liabilities

Assets$13.11 billion
Loans$8.00 billion
Deposits$9.27 billion
Equity Capital$1.88 billion
Loan Loss Allowance$126.83 million
Unbacked Noncurrent Loans$163.12 million
Real Estate Owned$83.96 million

Historic Data - December 2011

Assets$13.65 billion
Equity Capital$1.89 billion
Loan Loss Allowance$158.31 million
Unbacked Noncurrent Loans$196.06 million
Real Estate Owned$130.17 million

Profit Margin - Quarterly

Net Interest Margin3.24%
Return on Assets1.06%
Return on Equity7.49%
Interest Income$572.35 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 Washington Federal had $247.07 million in non-current loans and owned real-estate with $2.01 billion in equity and loan loss allowances on hand to cover it. This gives Washington Federal a Texas Ratio of 12.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Washington Federal decreased slightly from 15.92% as of December 31, 2011 to 12.30% as of December 31, 2012, resulting in a positive change of 22.76%.This indicates that the balance sheet and financial strength for Washington Federal has improved slightly in recent periods.
Deposit Growth4
In the past year, Washington Federal has increased its total deposits by $359.99 million, resulting in 4.04% 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 Federal has shown is above average.
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. Washington Federal has $13.11 billion in assets with $2.01 billion in equity, resulting in a capitalization level of 15.33%, which is excellent.
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