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First Fed Bank


Overview / Commentary
www.ourfirstfed.com
800-800-1577
105 W 8Th St
Port Angeles, WA 98362

First Fed Bank is headquartered in Port Angeles and is the 12th largest bank in the state of Washington. It is also the 562nd largest bank in the nation. It was established in 1923 and as of March of 2022, it had grown to 289 employees at 14 locations. First Fed Bank has an A+ health rating.

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Reviews (1)

The Nordstrom's Of Banks

Posted by: |

I've been a First Fed customer for 13 years, and am still periodically amazed by how naturally customer service comes to them. They are an old-fashioned conservative bank, so getting a mortgage from them is no cakewalk, but in every other regard, they make life incredibly easy.

My favorite First Fed story: Several years ago, I mistook a 4 in the thousands column of my checkbook register for a 9, and proceeded to record my balance $5,000 higher than it actually was in my checking account. While making a smallish debit-card purchase, my card bounced. First I tracked my balance back and found the error. I called First Fed immediately to tell them I'd be in the next day to move money around. Here's what they said to me: "Oh, there's no rush. We'll just hold off on clearing any checks for the next couple of days til you come in." As a result, there were no fees of any kind attached to my blunder. What bank does this for a garden-variety retail customer?

(I realize this story makes me sound like a serious flake. I'm actually not -- there were a bunch of special circumstances temporarily in play.)

1


Health
A+

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #28405
Year Established1923
Employees289
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.24%
Annual Interest Income$17.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.94B$1.73B
LoansQ1 2022vs Q1 2021$1.37B$1.16B
DepositsQ1 2022vs Q1 2021$1.57B$1.47B
Equity CapitalQ1 2022vs Q1 2021$187.8MM$182.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$15.1MM$14.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1.2MM$2.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Fed Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Fed Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%*$25k*-Education IRA Savings
OTHER TIERS: 0.03% → $25 - $25k
0.08%*$25k*-Roth IRA Savings
OTHER TIERS: 0.03% → $25 - $25k
0.08%*$25k*-Traditional IRA Savings
OTHER TIERS: 0.03% → $25 - $25k
0.03%$25-Holiday Club
0.03%$1-Kids Club Savings
0.03%$100-Summit Savings

First Fed Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$500k*-Spruce Money Market
OTHER TIERS: 0.10% → $10k - $100k | 0.15% → $100k - $250k | 0.20% → $250k - $500k
0.15%*$100k*-First Rate Money Market
OTHER TIERS: 0.05% → $1k - $50k | 0.10% → $50k - $100k

First Fed Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$100k*-Cascade Checking
OTHER TIERS: 0.01% → $1k - $100k

First Fed Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$100-5 Year CD
1.30%$100-Business 5 Year CD
1.25%$100-4 Year CD
1.25%$100-Business 4 Year CD
0.30%$100-3 Year CD
0.30%$100-Business 3 Year CD
0.25%$100-2 Year CD
0.25%$100-Business 2 Year CD
0.20%$100-1 Year CD
0.20%$100-Business 1 Year CD
0.15%$100-6 Month CD
0.15%$100-Business 6 Month CD
0.10%$25-9 Month Variable Rate CD
0.05%$100-46 Day CD
0.05%$100-3 Month CD
0.05%$100-Business 46 Day CD
0.05%$100-Business 3 Month CD

First Fed Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$100-60 Month IRA CD
1.25%$100-48 Month IRA CD
0.30%$100-36 Month IRA CD
0.25%$100-24 Month IRA CD
0.20%$100-12 Month IRA CD
Locations

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