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Profitability · Washington

Most Efficient US Banks (Lowest Efficiency Ratio) in Washington

Ranked among banks headquartered in Washington. Re-ranked 1-32 within the state from the same national ranking population.

#1 US Banks (Lowest Efficiency Ratio): SECURITY STATE BANK — 46.77% . The efficiency ratio measures non-interest operating expense against net revenue — a lower ratio means the bank converts more of each revenue dollar into pre-tax income.

Ranked: 32 banks with reported data Showing: Top 32 Source: FFIEC call reports (Q1 2026) What is this metric? See the Most Efficient US … glossary entry Go deeper: What Is the Bank Efficiency Ratio? Formula, Benchmarks, and What Moves It
# Bank HQ Most Efficient US … Total Assets
1 Security State Bank Centralia , WA 46.77% $613.0M
2 Yakima Federal Savings and Loan Association Yakima , WA 52.06% $2.01B
3 Wafd Bank Seattle , WA 53.24% $27.55B
4 Mountain Pacific Bank Everett , WA 54.54% $871.5M
5 Seattle Bank Seattle , WA 54.54% $1.05B
6 Timberland Bank Hoquiam , WA 54.64% $2.05B
7 Coastal Community Bank Everett , WA 55.53% $5.66B
8 Banner Bank Walla Walla , WA 57.52% $16.34B
9 State Bank Northwest Spokane Valley , WA 59.59% $223.0M
10 Riverbank Spokane , WA 59.90% $283.7M
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11 Cashmere Valley Bank Cashmere , WA 60.31% $2.30B
12 1st Security Bank of Washington Mountlake Terrace , WA 63.16% $3.20B
13 Heritage Bank Olympia , WA 63.47% $8.49B
14 Washington Trust Bank Spokane , WA 65.53% $10.70B
15 Commencement Bank Tacoma , WA 67.27% $697.3M
16 Bank of the Pacific Aberdeen , WA 71.74% $1.29B
17 Savibank Burlington , WA 72.63% $639.5M
18 Sound Community Bank Seattle , WA 74.85% $1.11B
19 Peoples Bank Bellingham , WA 75.26% $2.51B
20 Pacific Crest Bank Lynnwood , WA 76.05% $318.7M
21 Kitsap Bank Port Orchard , WA 76.88% $1.65B
22 Twin City Bank Longview , WA 77.85% $114.6M
23 Community First Bank Kennewick , WA 79.22% $672.0M
24 Riverview Bank Vancouver , WA 82.86% $1.46B
25 Olympia Federal Savings and Loan Association Olympia , WA 84.42% $1.01B
26 Baker Boyer National Bank Walla Walla , WA 85.71% $698.7M
27 HomeStreet Bank Seattle , WA 86.83% $7.60B
28 Liberty Bank Poulsbo , WA 89.82% $199.8M
29 First Fed Bank Port Angeles , WA 95.54% $2.12B
30 First Financial Northwest Bank Renton , WA 95.87% $1.44B
31 Portage Bank Bellevue , WA 98.93% $113.8M
32 Unibank Lynnwood , WA 127.95% $401.8M

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All data sourced from the most recent FFIEC call report filings, refreshed each quarter as new filings are processed. This leaderboard excludes banks with total assets under $100,000K to filter out anomalous micro-bank ratios. See /data-updates/ for the current data freshness window.

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