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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 417st largest bank in the nation. It was established in 1961 and as of March of 2014, it had grown to 440 employees at 33 locations. Whidbey Island Bank has a B+ health rating.

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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 Whidbey Island Bank had $60.21 million in non-current loans and owned real-estate with $233.83 million in equity and loan loss allowances on hand to cover it. This gives Whidbey Island Bank a Texas Ratio of 25.75% 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 decreased slightly from 32.86% as of March 31, 2013 to 25.75% as of March 31, 2014, resulting in a positive change of 21.63%.This indicates that the balance sheet and financial strength for Whidbey Island Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Whidbey Island Bank has increased its total deposits by $19.98 million, resulting in 1.38% 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 $233.83 million in equity, resulting in a capitalization level of 13.88%, 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$205.22 million
Loan Loss Allowance$28.62 million
Unbacked Noncurrent Loans$57.75 million
Real Estate Owned$2.46 million
Historic Data - March 2013
Assets$1.67 billion
Equity Capital$202.22 million
Loan Loss Allowance$21.62 million
Unbacked Noncurrent Loans$57.75 million
Real Estate Owned$5.30 million
Profit Margin - Quarterly
Return on Assets1.12%
Return on Equity9.31%
Interest Income$17.66 million

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