First Fed Bank: Financial Reports & UBPR Data
BankRegReports is independent of First Fed Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Fed Bank spends more to run itself than most banks of its size. The Port Angeles, Washington bank had $2.1 billion in assets at June 30, 2026, down 3.4% from a year earlier. It earns about $0.25 a year on every $100 of assets, a small fraction of the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 93 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Earnings fell sharply: quarterly net income of $1.3 million was 71% below a year earlier. Delinquency has appeared in its $264 million non-owner-occupied commercial real estate book: 2.29% 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 11.4% of the capital and reserves that would absorb them, about triple the median of 3.6% for banks its size.
As of June 30, 2026, First Fed Bank reported a CET1 capital ratio of 12.40%, a return on assets of 0.25%, a nonperforming-loan ratio of 1.28% and a Texas ratio of 11.38%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 105 W 8th St, Port Angeles, WA 98362
- County
- Clallam
- Metro Area
- Port Angeles, 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
- January 1, 1923
- Former names
- First Federal Savings and Loan Association of Port Angeles (1934-2021)
- Offices
- 14 domestic
- Employees (FTE)
- 231
- Domestic deposits
- $1.61B
- Allowance for credit losses
- $16.3M
- Net charge-offs (YTD)
- $328K
- Average total assets
- $2.08B
- Average total loans
- $1.61B
- Average interest-bearing deposits
- $1.34B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28405
- Fed RSSD
- 403179
- SEC CIK
- 1556727 → filed by FIRST NORTHWEST BANCORP
- Website
- www.ourfirstfed.com →
- Parent Holding Company
- FIRST NORTHWEST BANCORP (RSSD 4438366) · FNWB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Curt Queyrouze | CEO | President / CEO |
| Nomura Phyllis Rose | CFO | EVP, Chief Financial Officer |
| Geraldine L. Bullard | COO | EVP, Chief Operating Officer |
| Henderson Kyle David | CCO | EVP, Chief Credit Officer |
| Mahaney Allison Rebecca | GC | Chief Legal Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Fed Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Fed 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.
First Fed Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.40% | 0.25% | 1.56% | 11.38% | 3.07% |
| Q1 2026 | 12.43% | 0.15% | 1.61% | 11.86% | 3.06% |
| Q4 2025 | 12.49% | 0.16% | 1.67% | 12.29% | 3.07% |
| Q3 2025 | 12.65% | 0.31% | 1.52% | 7.72% | 2.96% |
| Q2 2025 | 12.03% | 0.80% | 1.95% | 11.46% | 2.85% |
| Q1 2025 | 12.10% | -1.64% | 1.63% | 10.74% | 2.74% |
| Q4 2024 | 12.44% | -0.15% | 2.18% | 15.43% | 2.76% |
| Q3 2024 | 12.20% | -0.24% | 1.75% | 14.95% | 2.73% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 14 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Eastside Branch-Main Deposit Office | Port Angeles , WA | 98362 | $307.4M |
| Port Townsend Branch | Port Townsend , WA | 98368 | $212.1M |
| Sequim Avenue Branch | Sequim , WA | 98382 | $198.9M |
| Sixth Street Branch | Port Angeles , WA | 98362 | $176.9M |
| Sequim Village Branch | Sequim , WA | 98382 | $175.4M |
| Forks Branch | Forks , WA | 98331 | $141.0M |
| Www.Ourfirstfed.Com Branch | Port Angeles , WA | 98362 | $114.0M |
| Silverdale Branch | Silverdale , WA | 98383 | $107.5M |
| Bellingham Branch | Bellingham , WA | 98226 | $91.1M |
| Bainbridge Island | Bainbridge Island , WA | 98110 | $36.4M |
| Fairhaven Branch | Bellingham , WA | 98225 | $35.1M |
| Ferndale Branch | Ferndale , WA | 98248 | $18.4M |
| First Fed Bank (main office) | Port Angeles , WA | 98362 | $0 |
| Downtown Branch | Port Angeles , WA | 98362 | $0 |
Regulatory record
What the public regulatory sources show for First Fed Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 3 against the institution (SEC Form 8-K)
- October 28, 2024, SEC Form 8-K: 8-K Item 8.01: consent order
- November 24, 2023, SEC Form 8-K: 8-K Item 8.01: consent order
- November 24, 2023, SEC Form 8-K: 8-K Item 9.01: consent order
- Period: Most recent institution action October 28, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.8% of deposits in WA, rank 18 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 364 applications, 177 loans originated, $104.2M originated, across 22 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.8M approved, $592K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
Add this badge to your website
Free to use. The badge always shows First Fed Bank’s most recent filed regulatory figures. It updates automatically each quarter, so it never goes stale.
Similar banks
Compare First Fed Bank with peers
Side-by-side comparison of capital, profitability, asset quality, and balance sheet. Pick a peer to view the full head-to-head.
Frequently asked about First Fed Bank
What are First Fed Bank's total assets?
As of the Q2 2026 filing, First Fed Bank reported total assets of $2.11 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Fed Bank headquartered?
First Fed Bank is headquartered in Port Angeles, WA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Fed Bank founded?
First Fed Bank was established in 1923, per the FDIC institution directory.
Is First Fed Bank FDIC-insured?
Yes. First Fed Bank is an FDIC-insured commercial bank (FDIC Certificate #28405). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Fed Bank?
First Fed Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Fed Bank's CET1 capital ratio?
First Fed Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.40% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Fed Bank operate?
First Fed Bank operates 14 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Fed Bank's Texas Ratio?
First Fed Bank's Texas Ratio is 11.38% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was First Fed Bank previously called?
The charter now named First Fed Bank has also operated as First Federal Savings and Loan Association of Port Angeles (1934-2021), per FDIC structure-change records.
Go deeper on First Fed Bank.
Unlock the full terminal: 26 years of quarterly trends, peer benchmarking, watch flags, and Excel tearsheets for this bank and every other US institution.
Unlock First Fed Bank, freeFree account