Safest Banks in Washington 2026
Washington has 30 FDIC-insured banks with an average Bank Health Score of 70/100 (B). The safest bank is Bank of the Pacific with a score of 95/100.
Data from FDIC Q2 2024
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 | State Bank Northwest | Spokane Valley | A | 92 | 14.57% | 0.00% |
| 4 | Baker-Boyer National Bank | Walla Walla | A | 89 | 14.15% | 0.15% |
| 5 | Timberland Bank | Hoquiam | A | 88 | 17.93% | 0.29% |
| 6 | Pacific Crest Savings Bank | Lynnwood | A | 88 | 15.71% | 0.64% |
| 7 | Riverview Bank | Vancouver | A | 86 | 14.93% | 0.04% |
| 8 | Washington Trust Bank | Spokane | A | 82 | 11.73% | 0.51% |
| 9 | Banner Bank | Walla Walla | A | 81 | 12.49% | 0.28% |
| 10 | Connect Community Bank | Raymond | B | 79 | 13.93% | 0.00% |
| 11 | Washington Business Bank | Olympia | B | 78 | 19.77% | 0.00% |
| 12 | Washington Federal Bank | Seattle | B | 76 | 12.79% | 0.29% |
| 13 | First Financial Nw Bank | Renton | B | 76 | 15.39% | 0.41% |
| 14 | Commencement Bank | Tacoma | B | 73 | 12.06% | 0.11% |
| 15 | Sound Banking Co | Lakewood | B | 71 | 13.56% | 0.00% |
| 16 | 1st Security Bank of Wa | Mountlake Terrac | B | 68 | 12.60% | 0.45% |
| 17 | Portage Bank | Bellevue | B | 67 | 15.82% | 1.64% |
| 18 | Homestreet Bank | Seattle | B | 66 | 12.62% | 0.64% |
| 19 | Unibank | Lynnwood | B | 66 | 12.82% | 1.27% |
| 20 | Cashmere Valley Bank | Cashmere | C | 62 | 0.00% | 0.23% |
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).
Washington has 30 FDIC-insured banks with a combined $92.5B in total assets. The average Bank Health Score across the state is 70/100.
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.
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%).