First Federal (WA)


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

First Federal (WA) is headquartered in Port Angeles and is the 12th largest bank in the state of Washington. It is also the 605th largest bank in the nation. It was established in 1923 and as of December of 2020, it had grown to 230 employees at 12 locations. First Federal (WA) has an A health rating.

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Reviews (1)

The Nordstrom's Of Banks

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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
Employees230
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.92%
Annual Interest Income$51.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.65B$1.30B
LoansQ4 2020vs Q4 2019$1.15B$879.1MM
DepositsQ4 2020vs Q4 2019$1.34B$1.01B
Equity CapitalQ4 2020vs Q4 2019$165.3MM$147.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$13.8MM$9.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$2.2MM$1.7MM
Real Estate OwnedQ4 2020vs Q4 2019$0$62.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal (WA) 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%$100-Statement Savings
0.03%$100-Transaction Savings
0.03%$25-Holiday Club
0.03%$1-Kids Club Savings

First Federal (WA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$500k*-Spruce Money Market
OTHER TIERS: 0.10% $10k - $100k | 0.15% $100k - $250k | 0.20% $250k - $500k
0.35%*$500k*-Business 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 Federal (WA) Checking Account Rates

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

First Federal (WA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$100-5 Year CD
0.40%$100-Business 5 Year CD
0.35%$100-4 Year CD
0.35%$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
0.10%$100-6 Month CD
0.10%$25-9 Month Variable Rate CD
0.10%$100-Business 6 Month 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 Federal (WA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-60 Month IRA CD
0.35%$500-48 Month IRA CD
0.30%$500-36 Month IRA CD
0.25%$500-24 Month IRA CD
0.20%$500-12 Month IRA CD
Locations

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