First Fed Bank


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

First Fed Bank is headquartered in Port Angeles and is the 11th largest bank in the state of Washington. It is also the 540th largest bank in the nation. It was established in 1923 and as of June of 2022, it had grown to 287 employees at 14 locations. First Fed Bank has an A health rating.

Related Posts

View all posts from:


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.)



Health

Health Grade Components

Overall
FDIC Certificate #28405
Year Established1923
Employees287
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.54%
Annual Interest Income$35.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.01B$1.78B
LoansQ2 2022vs Q2 2021$1.46B$1.25B
DepositsQ2 2022vs Q2 2021$1.60B$1.47B
Equity CapitalQ2 2022vs Q2 2021$178.9MM$191.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$15.7MM$14.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.3MM$1.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for First Fed Bank are currently being reviewed.

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.