Portage Bank
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Data as of · sourced from FFIEC call reports. How we update
Portage Bank is an FDIC-insured commercial bank headquartered in Bellevue, WA, established in 1901 (FDIC certificate 8197), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $116.2M, up 36.6% from Q2 2025, the 25th largest of 29 banks headquartered in Washington. Its CET1 capital ratio was 10.96% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8197
- Headquarters
- Bellevue, WA
- Established
- 1901
- Total assets, Q2 2026
- $116.2M
- Assets vs Q2 2025
- +36.6%
- CET1 ratio, Q2 2026
- 10.96%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 125109077
- Latest call report
- Q2 2026, FFIEC 051 · Portage Bank call report
- Holding company
- PORTAGE BANCSHARES, INC.
- Asset rank in state
- 25th of 29 in Washington
Problem loans are rising at Portage Bank. The Bellevue, Washington bank had $116 million in assets at June 30, 2026, up 36.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.13% of loans from 0.67% a year earlier. It holds common equity equal to 10.96% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also holds commercial real estate loans worth 3.2 times its capital, 2.7 times the median of 1.2 times for banks its size.
Deposits are coming in faster than loans: over the year loans rose 31.2% and deposits rose 43.6%. Costs are the weak spot: it spends about 81 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Portage Bank reported a CET1 capital ratio of 10.96%, a return on assets of 1.36%, a nonperforming-loan ratio of 1.13% and a Texas ratio of 10.83%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Portage Bank is the 25th largest of the 29 banks headquartered in Washington. From Q1 2026 to Q2 2026, its total assets rose 2.1% to $116.2M, loans rose 1.4% and deposits rose 2.1%. 1-4 family residential loans made up 50.5% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 16.7%. Its 2 offices in the FDIC Summary of Deposits are in Bellevue, WA and Ceylon, MN; its Bellevue office books 78% of its branch deposits. By the capital ratios in its Q2 2026 call report, Portage Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 880 108th Avenue Ne, Bellevue, WA 98004
- 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 051
- Established
- April 1, 1901
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 41
- Domestic deposits
- $93.6M
- Allowance for credit losses
- $986K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $113.2M
- Average total loans
- $87.1M
- Average interest-bearing deposits
- $50.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8197
- Fed RSSD
- 401951
- Website
- www.portage.bank →
- Parent Holding Company
- PORTAGE BANCSHARES, INC. (RSSD 1127173)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Portage Bank's total assets ran between $64.7M (Q4 2023) and $116.2M (Q2 2026), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$116.2M total assets against $85.1M; $108.0M total liabilities against $77.3M.
$86.9M net loans and leases against $66.3M; $93.6M total deposits against $65.2M.
$10.1M securities against $5.7M; $14.8M cash and balances due against $8.5M.
$1.8M total interest income against $1.5M; $522K total interest expense against $533K.
$1.3M net interest income against $967K.
$1.5M total noninterest income against $702K; $2.3M total noninterest expense against $1.6M.
$38K provision for credit losses against $38K.
$386K net income against $23K.
1.36% return on assets against 0.10%; 4.65% net interest margin against 4.61%.
10.96% CET1 capital ratio against 13.43%; 7.49% tier 1 leverage ratio against 8.99%.
Inside the full Portage Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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).
Portage Bank rankings
Its closest position to the top of a national ranking is 569 of 3,640, for Texas Ratio; its furthest is 1,966 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.27% (Q4 2025) to 1.36% (Q2 2026) and its net interest margin ran from 4.25% (Q1 2025) to 5.60% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.96% | 1.36% | 1.13% | 10.83% | 4.65% |
| Q1 2026 | 10.96% | -0.03% | 1.67% | 16.26% | 4.46% |
| Q4 2025 | 11.11% | -0.27% | 1.77% | 16.39% | 4.59% |
| Q3 2025 | 12.47% | 0.16% | 1.94% | 17.00% | 4.45% |
| Q2 2025 | 13.43% | 0.10% | 0.67% | 5.32% | 4.61% |
| Q1 2025 | 15.50% | 0.10% | 0.00% | 0.00% | 4.25% |
| Q4 2024 | 16.12% | 0.33% | 1.21% | 8.45% | 5.60% |
| Q3 2024 | 16.40% | 1.30% | 0.76% | 5.19% | 5.35% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Portage Bank (main office) | Bellevue , WA | 98004 | $73.2M |
| Portage Branch | Ceylon , MN | 56121 | $20.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in WA, rank 49 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 47 applications, 28 loans originated, $12.4M originated, across 5 states
- Period: Calendar year 2024. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $20K approved, $20K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Portage Bank
What are Portage Bank's total assets?
As of the Q2 2026 filing, Portage Bank reported total assets of $116.2 million in its FFIEC call report.
Where is Portage Bank headquartered?
It is headquartered in Bellevue, WA, United States.
When was Portage Bank founded?
It was established in 1901, per the FDIC institution directory.
Is Portage Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8197). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Portage Bank?
Portage Bank's primary federal regulator is the FDIC.
What is Portage Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.96% in its Q2 2026 call report, above regulatory requirements.
How many branches does Portage Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Portage Bank's Texas Ratio?
Its Texas Ratio is 10.83% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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