First FSB of Washington
Washington, Indiana · FDIC Cert #29710
This is the FDIC profile for First FSB of Washington, an FDIC-insured bank (Certificate #29710) with $93M in total assets and $75M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Washington, Indiana, the bank maintains a Tier 1 capital ratio of 10.87% (Well-Capitalized) and a nonperforming loan ratio of 2.28%. BankHealthData assigns a composite Health Grade of C (52/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First FSB of Washington (FDIC cert 29710) is a community bank — $93M in total assets, $75M in deposits, serving the Washington, Indiana area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.87% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 2.28% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is thin: 14.6% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.06% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. 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. First FSB of Washington carries a composite BankHealth grade of C (52/100) 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: First FSB of Washington
- Total Assets
- $93M
- Total Deposits
- $75M
- Tier 1 Capital Ratio
- 10.87%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.28%
- Liquidity Ratio
- 14.62%
- Return on Assets
- -0.06%
- Headquarters
- Washington, Indiana
- FDIC Certificate
- #29710
- Health Grade
- C (52/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
First FSB of Washington files quarterly Call Reports with the FDIC under Certificate #29710. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, First FSB of Washington holds a Tier 1 capital ratio of 10.87%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First FSB of Washington has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First FSB of Washington shows average financial health. While not alarming, its Health Score of 52/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
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 First FSB of Washington Compares
First FSB of Washington’s Health Score of 52 is 28 points below the Indiana state average of 80 across 73 FDIC-insured banks. Its 10.87% Tier 1 capital ratio is 3.1 points below the US banking industry average near 14%. The 2.28% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -0.06% is below the national ROA benchmark of ~1.1%. Among 1039 similarly-sized banks, the average Health Score is 82, meaning this bank ranks below its size cohort. Site-wide, First FSB of Washington is 28 points below the portfolio average of 80.
Frequently Asked Questions
First FSB of Washington has a Bank Health Score of C (52/100), placing it in average financial health. It holds a Tier 1 capital ratio of 10.87%, 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. First FSB of Washington's Tier 1 capital ratio of 10.87% and nonperforming loan ratio of 2.28% indicate an average 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 First FSB of Washington is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29710). 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.
First FSB of Washington holds $93M in total assets and $75M in total deposits. It is headquartered in Washington, Indiana (FDIC Certificate #29710).
First FSB of Washington's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #29710 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
First FSB of Washington has a Tier 1 capital ratio of 10.87%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.28%, and the return on assets is -0.06%.
Yes. First FSB of Washington is FDIC-insured (Certificate #29710). 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 C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First FSB of Washington's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.