Washington Federal Bank
Seattle, Washington · FDIC Cert #28088
Washington Federal Bank is an FDIC-insured bank (Certificate #28088) with $28.6B in total assets and $21.4B in total deposits as of the Q2 2024 Call Report. Headquartered in Seattle, Washington, the bank maintains a Tier 1 capital ratio of 12.79% (Well-Capitalized) and a nonperforming loan ratio of 0.29%. BankHealthData assigns a composite Health Grade of B (76/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Washington Federal Bank (FDIC cert 28088) is a large bank with $28.6B in total assets and $21.4B in deposits, headquartered in Seattle, Washington. Banks at this scale typically operate across multiple states and face enhanced regulatory scrutiny under the federal banking-supervisory framework.
Capital position is strong: Tier 1 capital ratio of 12.79% 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 0.29% 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 in the normal range: 18.8% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 0.81% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Washington Federal Bank carries a composite BankHealth grade of B (76/100) 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: Washington Federal Bank
- Total Assets
- $28.6B
- Total Deposits
- $21.4B
- Tier 1 Capital Ratio
- 12.79%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.29%
- Liquidity Ratio
- 18.80%
- Return on Assets
- 0.81%
- Headquarters
- Seattle, Washington
- FDIC Certificate
- #28088
- Health Grade
- B (76/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Washington Federal Bank holds a Tier 1 capital ratio of 12.79%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Washington Federal Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Washington Federal Bank shows strong financial health indicators. With $28.6B in assets and a Health Score of 76/100, 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 Washington Federal Bank Compares
Washington Federal Bank’s Health Score of 76 is 6 points above the Washington state average of 70 across 30 FDIC-insured banks. Its 12.79% Tier 1 capital ratio is 1.2 points below the US banking industry average near 14%. The 0.29% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.81% is below the national ROA benchmark of ~1.1%. Among 77 similarly-sized banks, the average Health Score is 80, meaning this bank ranks below its size cohort. Site-wide, Washington Federal Bank is 6 points above the portfolio average of 70.
Frequently Asked Questions
Washington Federal Bank has a Bank Health Score of B (76/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 12.79%, 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. Washington Federal Bank's Tier 1 capital ratio of 12.79% and nonperforming loan ratio of 0.29% 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 Washington Federal Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #28088). 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.
Washington Federal Bank holds $28.6B in total assets and $21.4B in total deposits. It is headquartered in Seattle, Washington (FDIC Certificate #28088).
Washington Federal Bank has a Tier 1 capital ratio of 12.79%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.29%, and the return on assets is 0.81%.
Yes. Washington Federal Bank is FDIC-insured (Certificate #28088). 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%).
Washington Federal Bank'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.