Safest Banks in Washington 2026
Washington has 30 FDIC-insured banks with an average Bank Health Score of 76/100 (B). The safest bank is Bank of the Pacific with a score of 95/100.
Data from FDIC Q2 2024
30 Washington banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Washington's 30 FDIC-insured banks hold a combined $92.5B in assets. Their average Bank Health Score of 76/100 sits 4.0 points below the national average of 80/100. Across the state, 77% of banks earn an A or B grade for financial health, while 0% fall to a D or F.
The largest bank headquartered in Washington is Washington Federal Bank with $28.6B in assets and a Bank Health Score of 76/100. The strongest by score is Bank of the Pacific in Aberdeen (95/100, Tier 1 capital 16.37%). The weakest is Seattle Bank at 55/100, dragged down by an NPL ratio of 4.16%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Washington
Bank of the Pacific
Aberdeen, WA
Washington's top-rated bank, with a Tier 1 capital ratio of 16.37% — well above the federal "well-capitalized" threshold of 8%. Holds $1.1B in assets.
Kitsap Bank
Port Orchard, WA
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $1.7B in total assets.
Yakima Fs&La
Yakima, WA
Third in the rankings on the Bank Health Score. Liquidity ratio of 54.96% and ROA of 0.66%.
Top 20 of 30 Banks in Washington
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Bank of the Pacific | Aberdeen | A | 95 | 16.37% | 0.19% |
| 2 | Kitsap Bank | Port Orchard | A | 95 | 15.56% | 0.00% |
| 3 | Yakima Fs&La | Yakima | A | 94 | 25.62% | 0.16% |
| 4 | State Bank Northwest | Spokane Valley | A | 92 | 14.57% | 0.00% |
| 5 | Cashmere Valley Bank | Cashmere | A | 91 | 12.71% | 0.23% |
| 6 | Baker-Boyer National Bank | Walla Walla | A | 89 | 14.15% | 0.15% |
| 7 | Timberland Bank | Hoquiam | A | 88 | 17.93% | 0.29% |
| 8 | Pacific Crest Savings Bank | Lynnwood | A | 88 | 15.71% | 0.64% |
| 9 | Riverview Bank | Vancouver | A | 86 | 14.93% | 0.04% |
| 10 | Washington Trust Bank | Spokane | A | 82 | 11.73% | 0.51% |
| 11 | Banner Bank | Walla Walla | A | 81 | 12.49% | 0.28% |
| 12 | Connect Community Bank | Raymond | B | 79 | 13.93% | 0.00% |
| 13 | Washington Business Bank | Olympia | B | 78 | 19.77% | 0.00% |
| 14 | Lamont Bank of St John | Saint John | B | 78 | 9.70% | 0.85% |
| 15 | Washington Federal Bank | Seattle | B | 76 | 12.79% | 0.29% |
| 16 | First Financial Nw Bank | Renton | B | 76 | 15.39% | 0.41% |
| 17 | Twin City Bank | Longview | B | 73 | 10.76% | 1.82% |
| 18 | Commencement Bank | Tacoma | B | 73 | 12.06% | 0.11% |
| 19 | Sound Banking Co | Lakewood | B | 71 | 13.56% | 0.00% |
| 20 | 1st Security Bank of Wa | Mountlake Terrac | B | 68 | 12.60% | 0.45% |
Bank Health Scores for Washington are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Bank of the Pacific in Aberdeen is currently the safest bank in Washington with a score of 95/100 (Grade A). It posts a Tier 1 capital ratio of 16.37% and a nonperforming loan ratio of 0.19%.
Washington has 30 FDIC-insured banks with a combined $92.5B in total assets. The average Bank Health Score across the state is 76/100 (Grade B).
Washington's average Bank Health Score of 76/100 is 4.0 points below the national average of 80/100. 77% of banks in Washington earn an A or B grade, compared with the national average grade of A.
Of 30 FDIC-insured banks headquartered in Washington, 11 earn an A, 12 a B, 7 a C, 0 a D, and 0 an F. The most common grade is B.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).