1st Security Bank of Wa
Mountlake Terrac, Washington · FDIC Cert #57633
1st Security Bank of Wa is an FDIC-insured bank (Certificate #57633) with $2.9B in total assets and $2.4B in total deposits as of the Q2 2024 Call Report. Headquartered in Mountlake Terrac, Washington, the bank maintains a Tier 1 capital ratio of 12.60% (Well-Capitalized) and a nonperforming loan ratio of 0.45%. BankHealthData assigns a composite Health Grade of B (68/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
1st Security Bank of Wa (FDIC cert 57633) is a mid-sized bank with $2.9B in total assets and $2.4B in deposits, based in Mountlake Terrac, Washington. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is strong: Tier 1 capital ratio of 12.60% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.45% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 9.4% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 1.56% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. 1st Security Bank of Wa carries a composite BankHealth grade of B (68/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: 1st Security Bank of Wa
- Total Assets
- $2.9B
- Total Deposits
- $2.4B
- Tier 1 Capital Ratio
- 12.60%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.45%
- Liquidity Ratio
- 9.36%
- Return on Assets
- 1.56%
- Headquarters
- Mountlake Terrac, Washington
- FDIC Certificate
- #57633
- Health Grade
- B (68/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, 1st Security Bank of Wa holds a Tier 1 capital ratio of 12.60%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning 1st Security Bank of Wa has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
1st Security Bank of Wa shows strong financial health indicators. With $2.9B in assets and a Health Score of 68/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How 1st Security Bank of Wa Compares
1st Security Bank of Wa’s Health Score of 68 is 2 points below the Washington state average of 70 across 30 FDIC-insured banks. Its 12.60% Tier 1 capital ratio is 1.4 points below the US banking industry average near 14%. The 0.45% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.56% is in line with or above the national ROA benchmark of ~1.1%. Among 453 similarly-sized banks, the average Health Score is 73, meaning this bank ranks below its size cohort. Site-wide, 1st Security Bank of Wa is 2 points below the portfolio average of 70.
Frequently Asked Questions
1st Security Bank of Wa has a Bank Health Score of B (68/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 12.60%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. 1st Security Bank of Wa's Tier 1 capital ratio of 12.60% and nonperforming loan ratio of 0.45% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at 1st Security Bank of Wa is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #57633). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
1st Security Bank of Wa holds $2.9B in total assets and $2.4B in total deposits. It is headquartered in Mountlake Terrac, Washington (FDIC Certificate #57633).
1st Security Bank of Wa has a Tier 1 capital ratio of 12.60%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.45%, and the return on assets is 1.56%.
Yes. 1st Security Bank of Wa is FDIC-insured (Certificate #57633). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
1st Security Bank of Wa's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.