1st Security Bank is headquartered in MOUNTLAKE TERRAC and is the 7th largest bank in the state of Washington. It is also the 413th largest bank in the nation. It was established in 2004 and as of March of 2023, it had grown to 586 employees at 23 locations. 1st Security Bank's money market rates are 2X the national average, and it boasts an A+ health rating.
I opened an Optimum Savings account last fall when they were paying 3%, recently the upgraded to 5% on up to $5000.
Yes you have to deposit at least $100. Into account monthly, but that’s no big deal.
So far it has been a great experience with great rates.
Very competitive and close to home.
I love it.
Overall | |
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FDIC Certificate # | 57633 |
Year Established | 2004 |
Employees | 586 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.27% |
Return on Equity - YTD | 12.37% |
Annual Interest Income | $38.6MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $2.78B$2.27B |
Loans | Q1 2023vs Q1 2022 | $2.32B$1.84B |
Deposits | Q1 2023vs Q1 2022 | $2.46B$1.95B |
Equity Capital | Q1 2023vs Q1 2022 | $283.6MM$268.6MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $29.9MM$23.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $6.4MM$6.7MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $570.00K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.05%* | $50k* | - | 1st Platinum Checking | ||
OTHER TIERS: 0.01% → $2.5k - $50k |