WaFd Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
WaFd Bank leans heavily on commercial real estate. Based in Seattle, Washington, it had $27.6 billion in assets at June 30, 2026, up 3.2% from a year earlier. It holds commercial real estate loans worth 3.4 times its capital, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 2.2 times). It also lost 2.1% of its deposits over the year, lower than about 9 in 10 banks its size (median 5.7%).
Delinquency has appeared in its $2.2 billion commercial and industrial book: 2.95% of those loans are past due or on nonaccrual, against almost none a year earlier. Its $3.1 billion non-owner-occupied commercial real estate book is improving, with 0.40% past due or on nonaccrual, down from 1.55% a year earlier. Its margin is thin by comparison: it keeps 2.82 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.63 cents).
As of June 30, 2026, WaFd Bank reported a CET1 capital ratio of 12.95%, a return on assets of 0.98%, a nonperforming-loan ratio of 0.63% and a Texas ratio of 4.85%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 425 Pike St, Seattle, WA 98101
- County
- King
- Metro Area
- Seattle-Tacoma-Bellevue, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1917
- Former names
- Washington Federal Bank (2022-2025); Washington Federal Bank, National Association (2019-2022); Washington Federal, National Association (2013-2019); Washington Federal (2011-2013)
- Offices
- 213 domestic
- Employees (FTE)
- 2,054
- Domestic deposits
- $21.05B
- Allowance for credit losses
- $214.8M
- Net charge-offs (YTD)
- $2.2M
- Average total assets
- $27.61B
- Average total loans
- $20.26B
- Average interest-bearing deposits
- $17.98B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28088
- Fed RSSD
- 656377
- SEC CIK
- 936528 → filed by WAFD, INC.
- Website
- www.wafdbank.com →
- Parent Holding Company
- WAFD, INC. (RSSD 3065617) · WAFD
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Brent J Beardall | CEO | President & CEO |
| Kelli Holz | CFO | EVP & CFO |
| Kim E Robison | COO | EVP & Chief Operations Officer |
| Ryan Mauer | CCO | EVP & Chief Credit Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full WaFd Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock WaFd Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
WaFd Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.95% | 0.98% | 0.63% | 4.85% | 2.82% |
| Q1 2026 | 13.03% | 0.99% | 0.61% | 4.79% | 2.79% |
| Q4 2025 | 13.44% | 0.99% | 0.95% | 7.12% | 2.74% |
| Q3 2025 | 13.40% | 0.91% | 0.63% | 4.99% | 2.76% |
| Q2 2025 | 13.43% | 0.94% | 0.40% | 3.37% | 2.70% |
| Q1 2025 | 13.05% | 0.85% | 0.28% | 2.43% | 2.54% |
| Q4 2024 | 12.95% | 0.72% | 0.34% | 2.74% | 2.43% |
| Q3 2024 | 12.94% | 0.89% | 0.33% | 2.68% | 2.69% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 212 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| WaFd Bank (main office) | Seattle , WA | 98101 | $3.81B |
| Santa Rosa Branch | Santa Rosa , CA | 95401 | $1.11B |
| Osuna Branch | Albuquerque , NM | 87109 | $845.0M |
| Midtown Branch | Dallas , TX | 75240 | $812.4M |
| San Rafael Branch | San Rafael , CA | 94901 | $412.9M |
| Bend- Bluff Drive Branch | Bend , OR | 97702 | $388.1M |
| Plaza Branch | Salt Lake City , UT | 84111 | $344.5M |
| Encino Branch | Encino , CA | 91436 | $306.5M |
| 5th & Alder Branch | Portland , OR | 97204 | $306.2M |
| Pasadena Branch | Pasadena , CA | 91101 | $285.0M |
| Spectrum Branch | Scottsdale , AZ | 85253 | $248.8M |
| Toluca Lake Branch | Burbank , CA | 91505 | $239.4M |
| Beverly Hills Branch | Beverly Hills , CA | 90212 | $239.2M |
| Biddle Road Branch | Medford , OR | 97504 | $237.4M |
| Long Beach Branch | Long Beach , CA | 90803 | $222.7M |
| Cornwall Branch | Bellingham , WA | 98225 | $222.0M |
| Los Altos Branch | Los Altos , CA | 94022 | $202.9M |
| Boise Main Branch | Boise , ID | 83702 | $176.0M |
| Anacortes Branch | Anacortes , WA | 98221 | $170.1M |
| Roswell Branch | Roswell , NM | 88201 | $165.9M |
| Aliante | North Las Vegas , NV | 89031 | $144.6M |
| San Jose Branch | San Jose , CA | 95130 | $134.6M |
| Bellevue West Branch | Bellevue , WA | 98004 | $134.3M |
| International District Branch | Seattle , WA | 98104 | $134.2M |
| Edmonds Branch | Edmonds , WA | 98020 | $133.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 1, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 2024 | Structure Change | Acquired Luther Burbank Savings Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 14, 2015 | Structure Change | Acquired First Mutual Sales Finance, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2012 | Structure Change | Acquired South Valley Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 31, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 17, 2011 | Structure Change | Acquired Western National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| December 16, 2011 | Merger | Participated in FDIC Assisted Merger | FDIC |
| October 15, 2011 | Structure Change | Acquired Charter Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 9, 2010 | Structure Change | Acquired Horizon Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 8, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 2, 2008 | Structure Change | Acquired First Mutual Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 13, 2007 | Structure Change | Acquired First Federal Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 13, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2003 | Structure Change | Acquired United Savings and Loan Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 31, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 30, 1996 | Structure Change | Acquired Metropolitan Federal Savings and Loan Association of Seattle Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 14, 1994 | Structure Change | Acquired Great American Federal Savings Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 13, 1993 | Structure Change | Acquired First Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 12, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 4, 1991 | Structure Change | Acquired First Federal Savings and Loan Association of Idaho Falls Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 3, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 23, 1990 | Structure Change | Acquired Family Federal Savings Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 22, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 16, 1988 | Merger | Rtc Assisted Merger | FDIC |
| September 16, 1988 | Structure Change | Acquired Freedom Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 31, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 27, 1988 | Structure Change | Acquired Northwest Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 7, 1987 | Structure Change | Acquired United First Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 30 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for WaFd Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 5 against the institution (OCC, OCC (former OTS))
- September 30, 2021, OCC: Civil Money Penalty (CMP): Washington Federal Bank, National Association
- August 16, 2021, OCC: Civil Money Penalty (CMP): Washington Federal Bank, National Association
- February 28, 2018, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Washington Federal, National Association
- October 21, 2008, OCC (former OTS): Termination of Cease and Desist: Washington Federal Savings And Loan Association
- December 21, 2007, OCC (former OTS): Cease and Desist: Washington Federal Savings and Loan Association
- Period: Most recent institution action September 30, 2021. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 4.1% of deposits in WA, rank 7 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 728 applications, 299 loans originated, $447.5M originated, across 9 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 52 loans, $1.4M approved, $27K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 39 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about WaFd Bank
What are WaFd Bank's total assets?
As of the Q2 2026 filing, WaFd Bank reported total assets of $27.58 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is WaFd Bank headquartered?
WaFd Bank is headquartered in Seattle, WA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was WaFd Bank founded?
WaFd Bank was established in 1917, per the FDIC institution directory.
Is WaFd Bank FDIC-insured?
Yes. WaFd Bank is an FDIC-insured commercial bank (FDIC Certificate #28088). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates WaFd Bank?
WaFd Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is WaFd Bank's CET1 capital ratio?
WaFd Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.95% in its Q2 2026 call report, above regulatory requirements.
How many branches does WaFd Bank operate?
WaFd Bank operates 213 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is WaFd Bank's Texas Ratio?
WaFd Bank's Texas Ratio is 4.85% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was WaFd Bank previously called?
The charter now named WaFd Bank has also operated as Washington Federal Bank (2022-2025), Washington Federal Bank, National Association (2019-2022), Washington Federal, National Association (2013-2019), Washington Federal (2011-2013), per FDIC structure-change records.
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