First Fed Bank is a state-chartered bank headquartered in Port Angeles, Washington, in business for about 103 years. At the end of Q2 2026 it reported $2.1B in total assets and $1.6B in deposits, with 14 offices.
First Fed Bank has a TellerScore of 49 out of 100 (below average) based on Q2 2026 data — higher than only 6% of its 897 banks with $1 billion – $10 billion. Among 29 banks headquartered in Washington, it ranks 24th. Problem-loan coverage contributes the most (77/100, 11.3%); earnings contributes the least (28/100, 0.20%).
TellerScore · Q2 2026
Scorecard
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
From Q2 2025 to Q2 2026, the score rose 6 points (43 → 49), mostly because the earnings component improved by 25 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 41 |
| Q3 2024 | 41 |
| Q4 2024 | 41 |
| Q1 2025 | 42 |
| Q2 2025 | 43 |
| Q3 2025 | 50 |
| Q4 2025 | 45 |
| Q1 2026 | 48 |
| Q2 2026 | 49 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.38% |
| Q3 2024 | 9.39% |
| Q4 2024 | 9.39% |
| Q1 2025 | 9.04% |
| Q2 2025 | 9.13% |
| Q3 2025 | 9.32% |
| Q4 2025 | 9.51% |
| Q1 2026 | 9.59% |
| Q2 2026 | 9.64% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.90% |
| Q3 2024 | 1.75% |
| Q4 2024 | 1.80% |
| Q1 2025 | 1.23% |
| Q2 2025 | 1.23% |
| Q3 2025 | 0.83% |
| Q4 2025 | 1.39% |
| Q1 2026 | 1.33% |
| Q2 2026 | 1.28% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | -0.09% |
| Q3 2024 | -0.14% |
| Q4 2024 | -0.14% |
| Q1 2025 | -1.65% |
| Q2 2025 | -0.42% |
| Q3 2025 | -0.18% |
| Q4 2025 | -0.10% |
| Q1 2026 | 0.15% |
| Q2 2026 | 0.20% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 49 | $2.1B | 9.64% | 1.28% | 0.20% | 99.0% |
| Q1 2026 | 48 | $2.1B | 9.59% | 1.33% | 0.15% | 100.2% |
| Q4 2025 | 45 | $2.1B | 9.51% | 1.39% | -0.10% | 100.6% |
| Q3 2025 | 50 | $2.1B | 9.32% | 0.83% | -0.18% | 96.5% |
| Q2 2025 | 43 | $2.2B | 9.13% | 1.23% | -0.42% | 99.2% |
| Q1 2025 | 42 | $2.2B | 9.04% | 1.23% | -1.65% | 97.9% |
| Q4 2024 | 41 | $2.2B | 9.39% | 1.80% | -0.14% | 98.8% |
| Q3 2024 | 41 | $2.2B | 9.39% | 1.75% | -0.14% | 99.5% |
| Q2 2024 | 41 | $2.2B | 9.38% | 1.90% | -0.09% | 97.8% |
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).
Similar-size banks in Washington
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Timberland BankBank Hoquiam, WA | 78 out of 100, Strong | $2.1B | 12.9% | 0.56% | vs |
| Yakima Federal Savings and Loan AssociationBank Yakima, WA | 86 out of 100, Very strong | $2.0B | 28.1% | 0.28% | vs |
| Cashmere Valley BankBank Cashmere, WA | 79 out of 100, Strong | $2.3B | 12.5% | 0.35% | vs |
| Peoples BankBank Bellingham, WA | 78 out of 100, Strong | $2.4B | 13.3% | 0.11% | vs |
| Riverview BankBank Vancouver, WA | 54 out of 100, Below average | $1.5B | 11.0% | 0.80% | vs |
| Sound Community BankBank Seattle, WA | 64 out of 100, Moderate | $1.1B | 10.9% | 0.90% | vs |
Deposit insurance
Is my money safe at First Fed Bank?
Yes. First Fed Bank is an FDIC-insured institution (FDIC certificate #28405). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 25.1% of deposits ($405.1M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.64%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.44% (benchmark: 10%).
14 locations
Branches
First Fed Bank lists 11 offices in 8 cities. Most locations:
- Bellingham, WA (2)
- Port Angeles, WA (2)
- Sequim, WA (2)
- Bainbridge Island, WA (1)
- Ferndale, WA (1)
- Forks, WA (1)
- Port Townsend, WA (1)
- Silverdale, WA (1)
HMDA 2025
Mortgage lending
In 2025, First Fed Bank reported 261 home-loan applications under HMDA (LEI 549300XW2H531FLD3I90): 177 originated ($104,165,000 total), 27 denied, and 56 withdrawn or closed by the applicant. Its denial rate on decided applications was 13.2%, 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
- First Fed Bank
- Former names
- First Federal Savings and Loan Association of Port Angeles; Lincoln Savings and Loan
- Type
- State-chartered bank
- FDIC certificate #
- 28405
- RSSD ID
- 403179
- Primary regulator
- FDIC
- Holding company
- First Northwest Bcorp
- Established
- January 1, 1923
- Headquarters
- 105 W 8th St, Port Angeles, WA 98362
- Website
- www.ourfirstfed.com
- Employees
- 231
Quick answers
First Fed Bank: common questions
Is First Fed Bank FDIC insured?
Yes. First Fed Bank is an FDIC-insured institution (FDIC certificate #28405). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First Fed Bank's TellerScore?
49 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First Fed Bank ever failed?
There is no failure record for FDIC certificate #28405 in the FDIC failed bank list.
How many branches does First Fed Bank have?
14 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Port Angeles
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Great Northwest Federal Credit UnionCredit union Aberdeen, WA | 86 out of 100, Very strong | $374.8M | 17.1% | 0.75% | vs |
| Heritage BankBank Olympia, WA | 68 out of 100, Moderate | $8.4B | 10.2% | 0.27% | vs |
| 1st Security Bank of WashingtonBank Mountlake Terrace, WA | 67 out of 100, Moderate | $3.2B | 11.4% | 0.58% | vs |
| Columbia BankBank Roseburg, OR | 64 out of 100, Moderate | $65.4B | 9.7% | 0.57% | vs |
| Sound Community BankBank Seattle, WA | 64 out of 100, Moderate | $1.1B | 10.9% | 0.90% | vs |
| KeyBank National AssociationBank Cleveland, OH | 63 out of 100, Moderate | $188.6B | 9.9% | 0.86% | vs |