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's CD rates are 39% higher than the national average, and it 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.
Over the last couple of years Kitsap bank has inexplicably frozen my checking account around 4 times - I've been in a store ready to pay and bam card declined so I call the 24 hour online support sing and dance down to genetic validation of my identity
So in the here and now I recently found a charge from an entity I've never shopped with or even heard of before so I mark it questionable. And without any warning message my account is once again frozen. Unfortunately my rent is overdue and sitting in my account- I called the bank I started the account in begging for help and agreed to pay $120 for an expedited overnight delivery on a new debit card....2 days later no card
I demanded they return the $120 to my account and no response- they haven't responded to any of my messages
If you're looking for a good bank keep walking past this one
Wants to charge a research fee to see my statements even though I have my account number.
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 |
Always verify rates and promotions with the bank or credit union. We are not Kitsap 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Smart Choice Checking | |
0.01% | - | - | Legends Checking | |
0.01% | - | - | Business Checking Plus |