TellerScore

Headquartered in Mountlake Terrace, Washington, 1st Security Bank of Washington is a si with $3.2B in total assets and $2.5B in deposits as of Q2 2026. It operates 34 offices across 2 states. Its charter dates back to 2004.

Based on its Q2 2026 filing, 1st Security Bank of Washington scores 67/100, which we describe as moderate. That is higher than only 44% of 897 banks with $1 billion – $10 billion. Among 29 banks headquartered in Washington, it ranks 15th. Its strongest component is problem-loan coverage (92/100; 4.0%), and its lowest is funding & liquidity (36/100; 108% loans-to-deposits, 29% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion64/100
Tier 1 leverage ratio: 11.44%
Loan quality81/100
Noncurrent loans ÷ total loans: 0.58%
Earnings64/100
Return on assets (annualized): 1.09%
Funding & liquidity36/100
Loans ÷ deposits and uninsured-deposit share: 107.9% · 29.2% uninsured
Problem-loan coverage92/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.97%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (66 → 67).

TellerScore
666971Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202469
Q3 202471
Q4 202468
Q1 202569
Q2 202566
Q3 202567
Q4 202566
Q1 202667
Q2 202667
Tier 1 leverage ratio
5.00%8.22%11.44%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.94%
Q3 202411.18%
Q4 202411.24%
Q1 202511.29%
Q2 202511.18%
Q3 202510.96%
Q4 202510.96%
Q1 202611.16%
Q2 202611.44%
Noncurrent loans
0.42%0.57%0.71%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.45%
Q3 20240.42%
Q4 20240.53%
Q1 20250.56%
Q2 20250.71%
Q3 20250.69%
Q4 20250.69%
Q1 20260.67%
Q2 20260.58%
Return on assets
1.08%1.19%1.31%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.24%
Q3 20241.31%
Q4 20241.24%
Q1 20251.11%
Q2 20251.08%
Q3 20251.13%
Q4 20251.14%
Q1 20261.08%
Q2 20261.09%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202667$3.2B11.44%0.58%1.09%107.9%
Q1 202667$3.2B11.16%0.67%1.08%100.8%
Q4 202566$3.2B10.96%0.69%1.14%99.1%
Q3 202567$3.2B10.96%0.69%1.13%97.7%
Q2 202566$3.2B11.18%0.71%1.08%102.7%
Q1 202569$3.1B11.29%0.56%1.11%96.2%
Q4 202468$3.0B11.24%0.53%1.24%107.2%
Q3 202471$3.0B11.18%0.42%1.31%102.7%
Q2 202469$2.9B10.94%0.45%1.24%104.5%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.44%
68th
Total risk-based capital14.01%
55th
Problem loans0.58%
45th
Net charge-offs0.44%
9th
Return on assets1.09%
37th
Net interest margin4.46%
86th
Efficiency ratio63.1%
37th
Loans to deposits107.9%
5th
Uninsured deposits29.2%
55th
Loan-loss reserves1.16%
52nd
Texas ratio4.0%
45th

Similar-size banks in Washington

InstitutionScoreAssetsCapitalProblem loansCompare
Peoples BankBank Bellingham, WA78 out of 100, Strong$2.4B13.3%0.11%vs
Cashmere Valley BankBank Cashmere, WA79 out of 100, Strong$2.3B12.5%0.35%vs
First Fed BankBank Port Angeles, WA49 out of 100, Below average$2.1B9.6%1.28%vs
Timberland BankBank Hoquiam, WA78 out of 100, Strong$2.1B12.9%0.56%vs
Yakima Federal Savings and Loan AssociationBank Yakima, WA86 out of 100, Very strong$2.0B28.1%0.28%vs
Riverview BankBank Vancouver, WA54 out of 100, Below average$1.5B11.0%0.80%vs

Deposit insurance

Is my money safe at 1st Security Bank of Washington?

Yes. 1st Security Bank of Washington is an FDIC-insured institution (FDIC certificate #57633). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 29.2% of deposits ($719.5M) are above the $250,000 FDIC insurance limit, close to the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.44%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.01% (benchmark: 10%).

Check how much of your own balance is covered

34 locations

Branches

1st Security Bank of Washington lists 32 offices in 31 cities across 2 states. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, 1st Security Bank of Washington reported 2,136 home-loan applications under HMDA (LEI 5493003T5D4N1CM46J77): 1,591 originated ($786,045,000 total), 144 denied, and 364 withdrawn or closed by the applicant. Its denial rate on decided applications was 8.1%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
1st Security Bank of Washington
Type
SI
FDIC certificate #
57633
RSSD ID
1018927
Primary regulator
FDIC
Holding company
Fs Bcorp Inc
Established
April 1, 2004
Headquarters
6920 220th St Sw, Mountlake Terrace, WA 98043
Employees
592

Quick answers

1st Security Bank of Washington: common questions

Is 1st Security Bank of Washington FDIC insured?

Yes. 1st Security Bank of Washington is an FDIC-insured institution (FDIC certificate #57633). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is 1st Security Bank of Washington's TellerScore?

67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has 1st Security Bank of Washington ever failed?

There is no failure record for FDIC certificate #57633 in the FDIC failed bank list.

How many branches does 1st Security Bank of Washington have?

34 offices as of the latest FDIC data, in 2 states.

Nearby

Highest-scoring banks and credit unions with branches near Mountlake Terrace

InstitutionScoreAssetsCapitalProblem loansCompare
Topeka Firemen'S Credit UnionCredit union Topeka, KS92 out of 100, Very strong$11.7M25.8%0.03%vs
Cascade Federal Credit UnionCredit union Kent, WA88 out of 100, Very strong$392.6M13.3%0.79%vs
American Continental BankBank City Of Industry, CA87 out of 100, Very strong$385.3M16.2%0.37%vs
GBC International BankBank Los Angeles, CA83 out of 100, Strong$658.5M15.9%0.26%vs
Qualstar Credit UnionCredit union Bothell, WA80 out of 100, Strong$939.3M16.0%1.41%vs
Beal Bank USABank Las Vegas, NV80 out of 100, Strong$11.0B21.9%0.78%vs