Savibank
BankRegReports is independent of Savibank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Savibank is an FDIC-insured commercial bank headquartered in Burlington, WA, established in 2005 (FDIC certificate 57978), and it is supervised by the FDIC. At Q2 2025 it reported total assets of $639.5M, up 3.1% from Q2 2024. Its CET1 capital ratio was 9.92% at Q2 2025, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57978
- Headquarters
- Burlington, WA
- Established
- 2005
- Total assets, Q2 2025
- $639.5M
- Assets vs Q2 2024
- +3.1%
- CET1 ratio, Q2 2025
- 9.92%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 125108748
Problem loans are rising at Savibank. The Burlington, Washington bank had $639 million in assets at June 30, 2025, up 3.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.96% of loans from 0.24% a year earlier. It holds common equity equal to 9.92% of its risk-weighted assets, lower than about 9 in 10 of the 2,765 banks with $100 million to $1 billion in assets (median 14.75%). It also holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $1.1 million, 74% above the same quarter a year earlier. Delinquency has appeared in its $108 million non-owner-occupied commercial real estate book: 4.19% of those loans are past due or on nonaccrual, against almost none a year earlier. Credit is the area to watch: it carries problem assets equal to 9.5% of the capital and reserves that would absorb them, 4.0 times the median of 2.4% for banks its size.
As of June 30, 2025, Savibank reported a CET1 capital ratio of 9.92%, a return on assets of 0.71%, a nonperforming-loan ratio of 0.96% and a Texas ratio of 9.51%. The figures come from its call report filed with the FFIEC.
Between Q1 2025 and Q2 2025, its total assets fell 4.2% to $639.5M, loans fell 1.1% and deposits fell 0.7%. Its loan book on June 30, 2025 was led by owner-occupied commercial real estate loans, at 26.4% of total loans, followed by non-owner-occupied commercial real estate loans at 20.5%. Its 10 offices in the FDIC Summary of Deposits are in 9 cities in WA; its Burlington office books 26% of its branch deposits. On its Q2 2025 call report, Savibank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1020 S Burlington Blvd, Burlington, WA 98233
- County
- Skagit
- Metro Area
- Mount Vernon-Anacortes, 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 11, 2005
- Former names
- Business Bank (2007-2015)
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 136
- Domestic deposits
- $518.3M
- Allowance for credit losses
- $6.1M
- Net charge-offs (YTD)
- $323K
- Average total assets
- $622.5M
- Average total loans
- $529.5M
- Average interest-bearing deposits
- $368.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 11, 2005
- FDIC Cert
- 57978
- Fed RSSD
- 3346268
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
From Q3 2022 to Q2 2025, Savibank's total assets ranged from $504.8M (Q3 2022) to $667.2M (Q1 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2025 with Q2 2024. How these charts are built
$639.5M total assets against $620.0M; $585.8M total liabilities against $570.2M.
$521.1M net loans and leases against $506.0M; $518.3M total deposits against $497.9M.
$24.7M securities against $34.7M; $54.6M cash and balances due against $38.1M.
$8.6M total interest income against $8.4M; $3.1M total interest expense against $3.4M.
$5.5M net interest income against $5.0M.
$2.2M total noninterest income against $1.2M; $5.6M total noninterest expense against $5.2M.
-$149K provision for credit losses against $254K.
$1.1M net income against $638K.
0.71% return on assets against 0.41%; 3.72% net interest margin against 3.47%.
9.92% CET1 capital ratio against 9.36%; 8.72% tier 1 leverage ratio against 8.27%.
Inside the full Savibank 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Quarterly trend: last 8 quarters
From Q3 2023 to Q2 2025, its return on assets ran from -0.39% (Q4 2023) to 0.71% (Q2 2025) and its net interest margin ran from 3.39% (Q1 2024) to 3.75% (Q3 2023).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2025 | 9.92% | 0.71% | 0.96% | 9.51% | 3.72% |
| Q1 2025 | 9.35% | 0.24% | 0.27% | 3.25% | 3.45% |
| Q4 2024 | 9.70% | 0.58% | 0.27% | 3.19% | 3.45% |
| Q3 2024 | 9.59% | 0.53% | 0.26% | 2.34% | 3.51% |
| Q2 2024 | 9.36% | 0.41% | 0.24% | 2.30% | 3.47% |
| Q1 2024 | 8.93% | 0.10% | 0.35% | 4.74% | 3.39% |
| Q4 2023 | 8.95% | -0.39% | 0.06% | 1.90% | 3.54% |
| Q3 2023 | 9.08% | 0.59% | 0.09% | 2.22% | 3.75% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2025. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Savibank (main office) | Burlington , WA | 98233 | $137.2M |
| Anacortes Branch | Anacortes , WA | 98221 | $72.5M |
| Freeland Branch | Freeland , WA | 98249 | $60.8M |
| Oak Harbor Branch | Oak Harbor , WA | 98277 | $59.0M |
| Broadway Branch | Bellingham , WA | 98225 | $54.3M |
| Mount Vernon Office | Mount Vernon , WA | 98273 | $43.2M |
| Friday Harbor Branch | Friday Harbor , WA | 98250 | $33.2M |
| College Way Branch | Mount Vernon , WA | 98273 | $24.7M |
| Concrete | Concrete , WA | 98237 | $18.7M |
| Sedro Woolley | Sedro Woolley , WA | 98284 | $14.8M |
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 |
|---|---|---|---|
| September 1, 2025 | M&A | Acquired by Harborstone Credit Union merger | SEC |
| September 1, 2025 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Mortgage lending (HMDA)
- 74 applications, 56 loans originated, $29.2M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, Deposit market share, SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Similar banks
Frequently asked about Savibank
What are Savibank's total assets?
As of the Q2 2025 filing, Savibank reported total assets of $639.5 million in its FFIEC call report.
Where is Savibank headquartered?
It is headquartered in Burlington, WA, United States.
When was Savibank founded?
It was established in 2005, per the FDIC institution directory.
Is Savibank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57978). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Savibank?
Savibank's primary federal regulator is the FDIC.
What is Savibank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 9.92% in its Q2 2025 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Savibank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Savibank's Texas Ratio?
Its Texas Ratio is 9.51% in its Q2 2025 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.
What was Savibank previously called?
The charter now named Savibank has also operated as Business Bank (2007-2015), per FDIC structure-change records.
Go deeper on Savibank.
Get an email when Savibank files its next call report, and benchmark it against any peer you choose.
Unlock Savibank, freeFree account