Kitsap Bank is headquartered in Port Orchard and is the 15th largest bank in the state of Washington. It is also the 639th largest bank in the nation. It was established in 1908 and as of June of 2022, it had grown to 261 employees at 19 locations. Kitsap Bank has an A health rating.
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Best Banking Experience Ever
I've gone through my fair share of banks, as many people have. Never have I had an account make so much sense as the one opened at Kitsap Bank. There aren't many branches, so convenience may be a little less than desired, but you definitely pay for convenience when you do get it. Kitsap's numbers and mine match up every time, and when I have a fee, I actually understand it. I'm very happy with my account, which is a Free Checking account. While there is a fee for receiving a paper statement, it's very simple to opt in to e-statements for a truly free experience.
Complete Garbage.
Wants to charge a research fee to see my statements even though I have my account number.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6161 |
| Year Established | 1908 |
| Employees | 261 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 7.77% |
| Annual Interest Income | $23.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.69B$1.64B |
| Loans | Q2 2022vs Q2 2021 | $721.1MM$725.4MM |
| Deposits | Q2 2022vs Q2 2021 | $1.52B$1.44B |
| Equity Capital | Q2 2022vs Q2 2021 | $129.6MM$174.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $10.2MM$9.8MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1,000$859.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
