Asset Quality ranking · Washington · Call report data as of September 30, 2026

Washington Banks: Highest CRE Delinquency

First Fed Bank has the highest commercial real estate noncurrent rate of the 23 ranked banks headquartered in Washington, at 2.23% as of September 30, 2026. The median among the 23 ranked Washington banks is 0.37%, against 0.19% for all US banks.

This list ranks Washington banks by commercial real estate noncurrent rate. For the largest banks headquartered in Washington, see largest banks in Washington.

No. 1 in Washington: First Fed Bank
Its CRE noncurrent: 2.23%
Washington median: 0.37%
Banks ranked: 23

Ranked among banks headquartered in Washington, numbered 1 to 23 within the state from the same population as the national list. Browse every bank in the Washington bank directory.

Top 23 Washington banks by commercial real estate noncurrent rate

Highest first. Select a column heading to sort. The gap column shows each bank's distance from the Washington median of 0.37%. Missing values show as a dash and sort last.

Washington Banks: Highest CRE Delinquency, Q3 2026: rank, bank, state, CRE noncurrent, distance from the median and total assets.

1	First Fed Bank Port Angeles, WA	WA	2.23%	+1.87 pts	$2.12B $1B to $10B
2	1st Security Bank of Washington Mountlake Terrace, WA	WA	1.54%	+1.18 pts	$3.68B $1B to $10B
3	Riverview Bank Vancouver, WA	WA	1.32%	+0.95 pts	$1.48B $1B to $10B
4	Riverbank Spokane, WA	WA	0.97%	+0.61 pts	$324.8M $100M to $1B
5	Unibank Lynnwood, WA	WA	0.86%	+0.49 pts	$379.8M $100M to $1B
6	Washington Trust Bank Spokane, WA	WA	0.73%	+0.36 pts	$10.68B $10B to $100B
7	Timberland Bank Hoquiam, WA	WA	0.63%	+0.26 pts	$2.06B $1B to $10B
8	Pacific Crest Bank Lynnwood, WA	WA	0.60%	+0.24 pts	$321.1M $100M to $1B
9	Sound Community Bank Seattle, WA	WA	0.51%	+0.14 pts	$1.04B $1B to $10B
10	Mountain Pacific Bank Everett, WA	WA	0.49%	+0.12 pts	$941.1M $100M to $1B
11	Coastal Community Bank Everett, WA	WA	0.43%	+0.06 pts	$5.27B $1B to $10B
12	Commencement Bank Tacoma, WA	WA	0.37%	0.00 pts	$719.0M $100M to $1B
13	Heritage Bank Olympia, WA	WA	0.21%	-0.15 pts	$8.51B $1B to $10B
14	Banner Bank Walla Walla, WA	WA	0.12%	-0.24 pts	$18.08B $10B to $100B
15	WaFd Bank Seattle, WA	WA	0.08%	-0.28 pts	$27.21B $10B to $100B
16	Peoples Bank Bellingham, WA	WA	0.00%	-0.37 pts	$2.49B $1B to $10B
17	Cashmere Valley Bank Cashmere, WA	WA	0.00%	-0.37 pts	$2.34B $1B to $10B
18	Olympia Federal Savings and Loan Association Olympia, WA	WA	0.00%	-0.37 pts	$1.03B $1B to $10B
19	Seattle Bank Seattle, WA	WA	0.00%	-0.37 pts	$831.9M $100M to $1B
20	Baker Boyer National Bank Walla Walla, WA	WA	0.00%	-0.37 pts	$718.8M $100M to $1B
21	State Bank Northwest Spokane Valley, WA	WA	0.00%	-0.37 pts	$213.1M $100M to $1B
22	Increase Bank Longview, WA	WA	0.00%	-0.37 pts	$200.5M $100M to $1B
23	Liberty Bank Poulsbo, WA	WA	0.00%	-0.37 pts	$197.0M $100M to $1B

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Definition and formula

The commercial real estate (CRE) noncurrent rate on this list is the share of a bank's loans secured by nonfarm nonresidential property, such as offices, stores, warehouses and hotels, that are on nonaccrual or 90 or more days past due and still accruing. Owner-occupied and investor-owned property are both included. Multifamily and construction loans are reported on their own lines of the call report and are not.

CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans

The glossary entry for Commercial Real Estate Loans explains each term, the call report items behind it and a worked example.

Which banks are ranked

This list ranks the 23 banks headquartered in Washington that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).

Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
Banks with at least $25M in nonfarm nonresidential (commercial property) loans, so a rate on a few loans cannot lead the list.
Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
Charters the regulator has closed, merged or converted are excluded.
Each bank charter ranks on its own; holding companies are not combined.

What moves the CRE noncurrent rate

The rate rises when tenants leave or rents fall far enough that a property's income no longer covers its loan payments, as has happened to many office buildings since 2020, and when a maturing loan cannot be refinanced at current rates. Owner-occupied loans depend more on the borrower's business than on the building, so a bank whose book is mostly owner-occupied tends to run a lower rate. A single large loan can move a small bank's rate by several points, so compare it with the dollar amounts and the trend.

Frequently asked questions

Which bank in Washington has the highest commercial real estate noncurrent rate?

First Fed Bank has the highest commercial real estate noncurrent rate of the 23 ranked banks headquartered in Washington, at 2.23% as of September 30, 2026, according to its FFIEC call report. 1st Security Bank of Washington ranks second at 1.54%. The median is 0.37%.

What is the median CRE noncurrent rate among ranked US banks?

As of Q3 2026, CRE noncurrent rate for the middle half of the 2,776 ranked US banks ran from 0.00% to 1.05%, and the median was 0.19%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Commercial Real Estate Loans glossary entry.

How is the CRE noncurrent rate calculated?

CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans. Each bank charter is ranked on its own; holding companies are not combined. See the Commercial Real Estate Loans glossary entry.

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Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.

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