First Federal Savings and Loan Association of Port Angeles

Headquarters

105 W 8th St
Port Angeles, WA 98362
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD 0.55% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Federal Savings and Loan Association of Port Angeles is an FDIC insured institution located in Port Angeles, WA. It was founded in 1923 and has approximately $1.38 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 28405
Date Established 1923
Assets $ 1,384.37 million
Loans $ 904.04 million
Deposits $ 1,067.99 million
Capital $ 141.33 million
 

For a more detailed analysis of First Federal Savings and Loan Association of Port Angeles's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Federal Savings and Loan Association of Port Angeles

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.664% 2.625% 0.50 $1,285 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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More Info

Note to First Federal Savings and Loan Association of Port Angeles
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Branches

First Federal Savings and Loan Association of Port Angeles branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Federal Savings and Loan Association of Port Angeles Locations


Financial Details

First Federal Savings and Loan Association of Port Angeles Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings and Loan Association of Port Angeles. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Federal Savings and Loan Association of Port Angeles U.S. Bank Average
1.24% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Federal Savings and Loan Association of Port Angeles had $1,829,000 in non-current loans and $62,000 in owned real estate. To cover these potential losses it had $141,334,000 in equity and $10,830,000 in loans loss reserves. That gives it a Texas Ratio of 1.24%.

Return on Equity
First Federal Savings and Loan Association of Port Angeles U.S. Bank Average
2.66% 7.80%

First Federal Savings and Loan Association of Port Angeles has a Return on Equity of 2.66% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Federal Savings and Loan Association of Port Angeles U.S. Bank Average
10.21% 12.68%

First Federal Savings and Loan Association of Port Angeles has a Capitalization of 10.21% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Federal Savings and Loan Association of Port Angeles Balance Sheet Analysis

As of March 31, 2020, First Federal Savings and Loan Association of Port Angeles had assets of $1,384,373,000, loans of $904,042,000, and deposits of $1,067,992,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 105.80 million
Interest-bearing balances $ 90.27 million
Total securities $ 306.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 904.04 million
Loan loss allowance $ 10.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 0.84 million
All other assets $ 49.46 million
     Total Assets $ 1,243.04 million
LIABILITIES
Total deposits $ 1,067.99 million
      Interest-bearing deposits $ 896.38 million
      Deposits held in domestic offices $ 1,067.99 million
      % insured (estimated) 89.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 164.33 million
Subordinated debt N.A.
All other liabilities $ 10.72 million
      Total Liabilities $ 1,243.04 million
      Shareholders’ Equity $ 141.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 11.97 million
Total Interest Expense $ 2.64 million
Net interest income $ 9.33 million
Provision for loan and lease losses $ 1.27 million
Total non interest income $ 1.68 million
Total non interest expense $ 9.16 million
Pre-tax Net Operating Income $ 0.58 million

Bank Loan Profile?

The top three loan types in First Federal Savings and Loan Association of Port Angeles’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Washington, First Federal Savings and Loan Association of Port Angeles has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.69
Multifamily
Mortgages
9.81
Credit Card Loans 0.00
Consumer Auto Loans 12.74
Small Business Loans 0.00
Construction and Development Loans 5.32
Commercial Real Estate 28.10
Commercial and Industrial Loans 1.50
Farm Loans 0.09

Frequently Asked Questions About First Federal Savings And Loan Association Of Port Angeles

Branches and Savings

Is First Federal Savings And Loan Association Of Port Angeles FDIC insured?

Yes. It is covered under FDIC Certificate #28405.

Why does First Federal Savings And Loan Association Of Port Angeles pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Federal Savings And Loan Association Of Port Angeles CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Federal Savings And Loan Association Of Port Angeles a commercial bank?

Yes

Where are First Federal Savings And Loan Association Of Port Angeles locations?

See branch locations nearby.

Is First Federal Savings And Loan Association Of Port Angeles open on Saturdays?

Is First Federal Savings And Loan Association Of Port Angeles open on Sundays?

What time does First Federal Savings And Loan Association Of Port Angeles open?

What time does First Federal Savings And Loan Association Of Port Angeles close?

Are First Federal Savings And Loan Association Of Port Angeles ATMs Open 24/7?

Do First Federal Savings And Loan Association Of Port Angeles ATMs accept cash deposits?

Can First Federal Savings And Loan Association Of Port Angeles customers use other ATMs?

Do First Federal Savings And Loan Association Of Port Angeles branches have notaries?

Will First Federal Savings And Loan Association Of Port Angeles notarize my document?

What address for First Federal Savings And Loan Association Of Port Angeles should I put for incoming ACH transfers?

Will the First Federal Savings And Loan Association Of Port Angeles branch print checks?

Do First Federal Savings And Loan Association Of Port Angeles checks expire?

Does First Federal Savings And Loan Association Of Port Angeles require US citizenship to open account?

Can First Federal Savings And Loan Association Of Port Angeles close my account?

Does First Federal Savings And Loan Association Of Port Angeles Report to credit bureaus?

Does First Federal Savings And Loan Association Of Port Angeles Use Equifax?

What is First Federal Savings And Loan Association Of Port Angeles's ACH Routing Number?

What is First Federal Savings And Loan Association Of Port Angeles's SWIFT code?

Products

Does First Federal Savings And Loan Association Of Port Angeles offer mortgages?

Compare mortgage rates here.

Does First Federal Savings And Loan Association Of Port Angeles offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings And Loan Association Of Port Angeles offer personal loans?

Compare personal loan rates here.

Does First Federal Savings And Loan Association Of Port Angeles offer student loans?

Will First Federal Savings And Loan Association Of Port Angeles cash a check?

Will First Federal Savings And Loan Association Of Port Angeles redeem a savings bond?

Does First Federal Savings And Loan Association Of Port Angeles cash savings bonds?

Will First Federal Savings And Loan Association Of Port Angeles cash money orders?

Can First Federal Savings And Loan Association Of Port Angeles issue a money order?

Does First Federal Savings And Loan Association Of Port Angeles do currency exchange?

Background on The Bank

Who owns First Federal Savings And Loan Association Of Port Angeles?

How long has First Federal Savings And Loan Association Of Port Angeles been around?

Can First Federal Savings And Loan Association Of Port Angeles transfer to other banks?

Does First Federal Savings And Loan Association Of Port Angeles have quick pay?

Does First Federal Savings And Loan Association Of Port Angeles accept rolled coins?

Will First Federal Savings And Loan Association Of Port Angeles accept loose change?

Where is First Federal Savings And Loan Association Of Port Angeles headquarters?

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