Seattle Bank
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Data as of · sourced from FFIEC call reports. How we update
Seattle Bank is an FDIC-insured savings bank headquartered in Seattle, WA, established in 1999 (FDIC certificate 35139), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $891.4M, down 11.8% from Q2 2025, the 16th largest of 29 banks headquartered in Washington. Its CET1 capital ratio was 13.25% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 35139
- Headquarters
- Seattle, WA
- Established
- 1999
- Total assets, Q2 2026
- $891.4M
- Assets vs Q2 2025
- -11.8%
- CET1 ratio, Q2 2026
- 13.25%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 125084697
- Latest call report
- Q2 2026, FFIEC 051 · Seattle Bank call report
- Holding company
- SEATTLE BANCSHARES, INC.
- Asset rank in state
- 16th of 29 in Washington
Seattle Bank pays more for its money than most banks of its size. The Seattle, Washington bank had $891 million in assets at June 30, 2026, down 11.8% from a year earlier. It pays an average of 3.71% on its deposits and borrowings, about double the median of 1.80% for the 2,627 banks with $100 million to $1 billion in assets. It also shrank its loan book 17.4% over the year, lower than about 9 in 10 banks its size (median 5.5%).
Earnings jumped: net income for the quarter was $1.3 million, 84% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.91% of loans, down from 1.47% a year earlier. Credit is the area to watch: it carries problem assets equal to 13.1% of the capital and reserves that would absorb them, 4.9 times the median of 2.7% for banks its size.
As of June 30, 2026, Seattle Bank reported a CET1 capital ratio of 13.25%, a return on assets of 0.58%, a nonperforming-loan ratio of 2.81% and a Texas ratio of 13.06%. The figures come from its call report filed with the FFIEC.
Seattle Bank ranks as the 16th largest of the 29 banks based in Washington, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 15.4% to $891.4M, loans rose 5.7% and deposits fell 17.0%. Other consumer loans made up 35.7% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 26.6%. The FDIC Summary of Deposits lists a single office for it, in Seattle, WA. By the capital ratios in its Q2 2026 call report, Seattle Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 401 Union Street, Seattle, WA 98101
- County
- King
- Metro Area
- Seattle-Tacoma-Bellevue, WA
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 2, 1999
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 96
- Domestic deposits
- $785.2M
- Allowance for credit losses
- $15.0M
- Net charge-offs (YTD)
- $2.8M
- Average total assets
- $902.8M
- Average total loans
- $723.5M
- Average interest-bearing deposits
- $712.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 2, 1999
- FDIC Cert
- 35139
- Fed RSSD
- 2838207
- Website
- www.seattlebank.com →
- Parent Holding Company
- SEATTLE BANCSHARES, INC. (RSSD 5719307)
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, Seattle Bank's total assets ran between $797.7M (Q3 2023) and $1.05B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$891.4M total assets against $1.01B; $797.5M total liabilities against $917.9M.
$721.4M net loans and leases against $869.6M; $785.2M total deposits against $895.6M.
$28.3M securities against $37.2M; $111.7M cash and balances due against $58.2M.
$16.5M total interest income against $18.1M; $7.3M total interest expense against $8.3M.
$9.1M net interest income against $9.8M.
$861K total noninterest income against -$548K; $6.8M total noninterest expense against $6.9M.
$1.5M provision for credit losses against $1.4M.
$1.3M net income against $708K.
0.58% return on assets against 0.30%; 4.11% net interest margin against 4.26%.
13.25% CET1 capital ratio against 12.21%; 10.29% tier 1 leverage ratio against 10.10%.
Inside the full Seattle Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSeattle Bank rankings
Its closest position to the top of a national ranking is 407 of 3,640, for Texas Ratio; its furthest is 3,158 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.01% (Q1 2025) to 1.39% (Q1 2026) and its net interest margin ran from 3.16% (Q1 2026) to 4.26% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.25% | 0.58% | 2.81% | 13.06% | 4.11% |
| Q1 2026 | 14.83% | 1.39% | 2.99% | 14.73% | 3.16% |
| Q4 2025 | 12.55% | 0.30% | 4.70% | 25.93% | 3.89% |
| Q3 2025 | 12.03% | 0.43% | 3.91% | 28.11% | 4.12% |
| Q2 2025 | 12.21% | 0.30% | 3.60% | 31.64% | 4.26% |
| Q1 2025 | 14.67% | 0.01% | 3.64% | 36.32% | 3.76% |
| Q4 2024 | 14.43% | 0.39% | 4.05% | 40.00% | 4.00% |
| Q3 2024 | 15.72% | 0.35% | 4.92% | 38.75% | 4.26% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| Seattle Bank (main office) | Seattle , WA | 98101 | $785.2M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC (former OTS))
- October 22, 2001, OCC (former OTS): Supervisory Agreement: Seattle Holding Company
- Period: Most recent institution action October 22, 2001. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in WA, rank 27 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 20 applications, 8 loans originated, $9.7M originated, across 1 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- Not on file
- 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
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Frequently asked about Seattle Bank
What are Seattle Bank's total assets?
As of the Q2 2026 filing, Seattle Bank reported total assets of $891.4 million in its FFIEC call report.
Where is Seattle Bank headquartered?
It is headquartered in Seattle, WA, United States.
When was Seattle Bank founded?
It was established in 1999, per the FDIC institution directory.
Is Seattle Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #35139). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Seattle Bank?
Seattle Bank's primary federal regulator is the FDIC.
What is Seattle Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.25% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Seattle Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Seattle Bank's Texas Ratio?
Its Texas Ratio is 13.06% 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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