2. 1st Security Bank

1st Security Bank


Overview / Commentary
www.fsbwa.com
800-683-0973
6920 220th Street Sw
Mountlake Terrace, WA 98043

1st Security Bank is headquartered in Mountlake Terrac and is the 9th largest bank in the state of Washington. It is also the 522nd largest bank in the nation. It was established in 2004 and as of December of 2018, it had grown to 424 employees at 23 locations. 1st Security Bank's CD rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (1)

Terrible Loan Experience

Posted by: larry503 | Apr 6, 2014

I obtained a 6 month deferred loan from System Pavers who did some work. This is the bank they have a relationship with. Asked clearly to the sales person what the total amount would be and it was just for the work they would perform. The loan agreement does not specify any fees associated with the loan. Expectation after paying off the loan would be the end of it, but found out there is undisclosed fee for closing out the loan from !st Security Bank. They sent 1 letter that was signed off by the person sending it but can't make out the signature. This 1st letter indicated the amount and then received 2nd letter 2 days later basically having 5 days to pay this amount off. Pretty demanding of a bank giving such short notice. I have emailed the bank what and why there would be a fee for paying of the loan, their response is "it's in the loan agreement". There is no specified amount on the loan agreement and no mention of this hidden fee ever.

Do not do business with this unethical bank who does disclose their hidden fee.

The only good thing to say about this bank is they responded the next day and their online website when logged in is easy to understand.

5


Health
A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57633
Year Established2004
Employees424
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.1%
Return on Equity - YTD17.65%
Annual Interest Income$61.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.62B$981.5MM
LoansQ4 2018vs Q4 2017$1.36B$815.0MM
DepositsQ4 2018vs Q4 2017$1.29B$838.9MM
Equity CapitalQ4 2018vs Q4 2017$182.9MM$126.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.3MM$10.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.2MM$897.00K
Real Estate OwnedQ4 2018vs Q4 2017$689.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1st Security Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$5kOptimum Savings (w/ Relationship Account)
OTHER TIERS: 0.50% → $5k+
1.10%*$100k*-Nonprofit Savings
OTHER TIERS: 0.05% → $2.5k - $5k | 0.10% → $5k - $10k | 0.25% → $10k - $50k | 0.50% → $50k - $100k
0.10%$5-Youth Savings
0.10%$50-Uniform Transfer to Minors
0.05%$300-Preferred Savings
0.05%$500-Business Savings

1st Security Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$1m*-Business Money Market
OTHER TIERS: 0.15% → Up to $50k | 0.50% → $50k - $100k | 0.65% → $100k - $1m
1.15%*$100k*-eBanking High Yield Money Market
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $50k | 1.10% → $50k - $100k
0.80%*$100k*-Tiered Rate Money Market
OTHER TIERS: 0.01% → Up to $5k | 0.05% → $5k - $50k | 0.75% → $50k - $100k

1st Security Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$249k*-1st Rewards Checking
OTHER TIERS: 0.05% → Up to $10k | 0.40% → $10k - $101k | 0.45% → $101k - $249k
0.05%$100-1st Classic Checking
0.05%*$50k*-1st Premier Checking
OTHER TIERS: 0.01% → Up to $50k
0.05%*$50k*-Home 1st Checking
OTHER TIERS: 0.01% → Up to $50k
0.05%$1k-1st Interest Checking

1st Security Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%$500-5 Year CD w/ Relationship Account
2.80%$500-5 Year CD
2.75%$500-30 Month CD w/ Relationship Account
2.50%$25k-16 Month CD
2.50%$500-17 Month CD w/ Relationship Special - New Money
2.45%$500-1 Year CD w/ Relationship Account
2.40%$500-30 Month CD
2.35%$500-18 Month CD w/ Relationship Account
2.15%$500-17 Month CD Special - New Money
2.10%$500-1 Year CD
2.10%$500-21 Month CD w/ Relationship Account
2.00%$500-18 Month CD
2.00%$25k-11 Month CD w/Relationship Account
1.75%$500-21 Month CD
1.75%$500-2 Year CD w/ Relationship Account
1.65%$25k-11 Month CD
1.55%$500-4 Year CD w/ Relationship Account
1.50%$500-180 Day CD w/ Relationship Account
1.40%$500-2 Year CD
1.35%$500-13 Month CD w/ Relationship Account
1.25%$500-40 Month CD w/ Relationship Account
1.20%$500-4 Year CD
1.20%$500-3 Year CD w/ Relationship Account
1.15%$500-180 Day CD
1.00%$500-13 Month CD
0.90%$500-40 Month CD
0.85%$500-3 Year CD
0.65%$500-15 Month CD w/ Relationship Account
0.50%$500-210 Day CD w/ Relationship Account
0.50%$500-270 Day CD w/ Relationship Account
0.40%$500-90 Day CD w/ Relationship Account
0.30%$500-15 Month CD
0.15%$500-210 Day CD
0.15%$500-270 Day CD
0.05%$500-90 Day CD

1st Security Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%$500-5-Year IRA w/ Relationship Account
2.80%$500-5-Year IRA
2.75%$500-30-Month IRA w/ Relationship Account
2.50%$25k-16 Month IRA
2.45%$500-1-Year IRA w/ Relationship Account
2.40%$500-30-Month IRA
2.35%$500-18-Month IRA w/ Relationship Account
2.10%$500-1-Year IRA
2.10%$500-21-Month IRA w/ Relationship Account
2.00%$500-18-Month IRA
2.00%$25k-11 Month IRA w/Relationship
1.75%$500-21-Month IRA
1.75%$500-2-Year IRA w/ Relationship Account
1.65%$25k-11 Month IRA
1.55%$500-4-Year IRA w/ Relationship Account
1.50%$500-180-Day IRA w/ Relationship Account
1.40%$500-2-Year IRA
1.35%$500-13-Month IRA w/ Relationship Account
1.25%$500-40-Month IRA w/ Relationship Account
1.20%$500-4-Year IRA
1.20%$500-3-Year IRA w/ Relationship Account
1.15%$500-180-Day IRA
1.00%$500-13-Month IRA
0.90%$500-40-Month IRA
0.85%$500-3-Year IRA
0.65%$500-15-Month IRA w/ Relationship Account
0.50%$500-210-Day IRA w/ Relationship Account
0.50%$500-270-Day IRA w/ Relationship Account
0.40%$500-90-Day IRA w/ Relationship Account
0.30%$500-15-Month IRA
0.15%$500-210-Day IRA
0.15%$500-270-Day IRA
0.05%$500-90-Day IRA
Locations

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