Coastal Community Bank is headquartered in EVERETT and is the 6th largest bank in the state of Washington. It is also the 351st largest bank in the nation. It was established in 1997 and as of March of 2023, it had grown to 461 employees at 14 locations. Coastal Community Bank has an A health rating.
Great Local Bank
One on one friendly service. Bankers immediately available, not a "fast food" bank.
Small town banks are the best!
I started banking at our town's first local bank when it opened my senior year of high school. Since I've been a member for over 10 years everyone knows me by first name when I walk in. It's a good feeling! They also have an incredible program for overdraft fees. I once had overdrawn and it added up to a weeks worth in overdraft fees alone. The ladies in there were so understanding and didn't even make me feel guilty for being so irresponsible. They ended up waiving the entire balance of overdraft fees and just let me make a deposit of the amount that I had originally overdrawn to get out of the negative. I don't think I would have been taken care of like that at a large bank that doesn't personally know their customers. I love my local small town bank!
Average Bank
I've been a customer of Coastal for 23 years and they used to be a great bank. I would have to say over the last 5 or so years they have lost that local small town feel. Probably time to move on
Concerned That Coastal Employs The Former Frontierbank Executives Now Being Sued By FDIC For 46Million.
Just a little worried that the same bank executives who failed Frontier Bank & are now being sued for 46million by the FDIC are working & have been working for Coastal Bank since they were fired from Frontier.
Maybe Coastal is a good bank but so was Frontier until these executives ignored the FDIC examiners concerns & kept lending the way they wanted to.
This caused the bank to fail & hundreds to lose their life savings, retirement, jobs, houses, etc.
Why would Coastal hire and keep on employees like this?
Can we be assured the same won't happen at Coastal?
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34403 |
| Year Established | 1997 |
| Employees | 461 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.59% |
| Return on Equity - YTD | 18.65% |
| Annual Interest Income | $70.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $3.45B$2.83B |
| Loans | Q1 2023vs Q1 2022 | $2.78B$1.92B |
| Deposits | Q1 2023vs Q1 2022 | $3.10B$2.59B |
| Equity Capital | Q1 2023vs Q1 2022 | $295.7MM$220.7MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $89.1MM$38.8MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $31.5MM$2.3MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
