Kitsap Bank is headquartered in Port Orchard and is the 15th largest bank in the state of Washington. It is also the 680th largest bank in the nation. It was established in 1908 and as of June of 2020, it had grown to 273 employees at 22 locations. Kitsap Bank has an A+ health rating.
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.
|FDIC Certificate #||6161|
|Return on Assets - YTD||1.91%|
|Return on Equity - YTD||17.14%|
|Annual Interest Income||$24.0MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$1.40B$1.17B|
|Loans||Q2 2020vs Q2 2019||$825.1MM$753.5MM|
|Deposits||Q2 2020vs Q2 2019||$1.21B$1.01B|
|Equity Capital||Q2 2020vs Q2 2019||$153.4MM$134.2MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$9.7MM$8.2MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$263.00K$117.00K|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$0|
Rates for Kitsap Bank are currently being reviewed.