Overview / Commentary
Seattle Bank offers the service and flexibility of a small bank and product selection and convenience of a large nationwide lender. Specializing in tailored banking solutions, they can meet virtually all individual and business banking needs and, through affiliated companies, provide a broad range of financial services such as personal insurance and residential loans. They are a very active and experienced residential construction and commercial construction lender.
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Health
B+
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35139 |
| Year Established | 1999 |
| Employees | 57 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.32% |
| Return on Equity - YTD | 12.81% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $608.8MM$314.4MM |
| Loans | Q1 2019vs Q1 2018 | $540.8MM$262.4MM |
| Deposits | Q1 2019vs Q1 2018 | $480.5MM$240.7MM |
| Equity Capital | Q1 2019vs Q1 2018 | $64.8MM$58.7MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $4.2MM$3.8MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.8MM$4.4MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $8.6MM$5.1MM |
Rates
Rates for Seattle Bank are currently being reviewed.
Locations
| Seattle Bank Locations | ||
|---|---|---|
| Seattle Bank | 600 University Street, Suite 1850 | Seattle, WA 98101 |