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Overview / Commentary
401 N. Main
Coupeville, WA 98239

Whidbey Island Bank is headquartered in Coupeville and is the 9th largest bank in the state of Washington. It is also the 416st largest bank in the nation. It was established in 1961 and as of December of 2013, it had grown to 464 employees at 33 locations. Whidbey Island Bank has a B health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


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 Whidbey Island Bank had $76.08 million in non-current loans and owned real-estate with $230.14 million in equity and loan loss allowances on hand to cover it. This gives Whidbey Island Bank a Texas Ratio of 33.06% 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 Whidbey Island Bank experienced no significant changes from 35.83% as of December 31, 2012 to 33.06% as of December 31, 2013, resulting in a positive change of 7.74%.This indicates that the balance sheet and financial strength for Whidbey Island Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Whidbey Island Bank has increased its total deposits by $4.53 million, resulting in 0.31% 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 Whidbey Island Bank has shown is above 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. Whidbey Island Bank has $1.68 billion in assets with $230.14 million in equity, resulting in a capitalization level of 13.68%, which is excellent.

Institution Statistics

FDIC Certificate #18412
Year Established1961
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.68 billion
Loans$1.01 billion
Deposits$1.47 billion
Equity Capital$198.43 million
Loan Loss Allowance$31.71 million
Unbacked Noncurrent Loans$73.02 million
Real Estate Owned$3.07 million
Historic Data - December 2012
Assets$1.69 billion
Equity Capital$200.57 million
Loan Loss Allowance$20.40 million
Unbacked Noncurrent Loans$73.02 million
Real Estate Owned$3.02 million
Profit Margin - Quarterly
Net Interest Margin4.69%
Return on Assets0.95%
Return on Equity7.89%
Interest Income$75.40 million

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Whidbey Island Bank has 31 locations. Click to view all Whidbey Island Bank locations.