1st Security Bank is headquartered in MOUNTLAKE TERRAC and is the 7th largest bank in the state of Washington. It is also the 408th largest bank in the nation. It was established in 2004 and as of March of 2025, it had grown to 567 employees at 22 locations. 1st Security Bank has 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 | 567 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.11% |
Return on Equity - YTD | 10% |
Annual Interest Income | $46.8MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $3.07B$2.97B |
Loans | Q1 2025vs Q1 2024 | $2.53B$2.47B |
Deposits | Q1 2025vs Q1 2024 | $2.63B$2.49B |
Equity Capital | Q1 2025vs Q1 2024 | $342.5MM$318.5MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $31.7MM$31.5MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $13.3MM$10.2MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Sorry, we do not have rate data for 1st Security Bank.