First Financial Northwest Bank

201 Wells Avenue South
Renton, WA 98057

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29058
Date Established 1923
Assets $1.25 billion
Loans $1.02 billion
Deposits $0.97 billion
Capital $0.13 billion

First Financial Northwest Bank is an FDIC insured institution located in Renton, WA. It was founded in 1923 and has approximately $1.25 billion in assets. Customers can open an account at one of its 9 branches.

For a more detailed analysis of First Financial Northwest Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in First Financial Northwest Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Washington, First Financial Northwest Bank has a significantly higher percent of Multifamily Mortgages 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 33.64
Multifamily
Mortgages
16.67
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.35
Construction and Development Loans 11.25
Commercial Real Estate 36.65
Commercial and Industrial Loans 1.75
Farm Loans 0.00

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 $4,999 Learn MoreShow Less
Money Market
0.25% $5,000 $24,999 Learn MoreShow Less
Money Market
0.65% $25,000 $99,999 Learn MoreShow Less
Premium Money Market Account
0.15% $5,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.80% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.50% $5,000 $24,999 Learn MoreShow Less
6 Mo CD
1.35% $100,000 - Learn MoreShow Less
12 Mo CD
0.75% $5,000 $24,999 Learn MoreShow Less
12 Mo CD
2.10% $100,000 - Learn MoreShow Less
Special: 13 Mo CD
0.75% $1,000 $4,999 Learn MoreShow Less
Special: 13 Mo CD
1.25% $5,000 $24,999 Learn MoreShow Less
Special: 13 Mo CD
2.15% $100,000 - Learn MoreShow Less
Special: 18 Mo CD
0.60% $1 $999 Learn MoreShow Less
Special: 18 Mo CD
1.50% $5,000 $24,999 Learn MoreShow Less
1.50% $5,000 $24,999 Learn MoreShow Less
Special: 18 Mo CD
2.15% $100,000 - Learn MoreShow Less
18 Mo CD
2.35% $100,000 - Learn MoreShow Less
1.75% $5,000 $24,999 Learn MoreShow Less
24 Mo CD
2.75% $100,000 - Learn MoreShow Less
Special: 30 Mo CD
0.85% $1,000 $4,999 Learn MoreShow Less
Special: 30 Mo CD
1.85% $5,000 $24,999 Learn MoreShow Less
1.85% $5,000 $24,999 Learn MoreShow Less
Special: 30 Mo CD
2.65% $25,000 $99,999 Learn MoreShow Less
Special: 30 Mo CD
2.85% $100,000 - Learn MoreShow Less
30 Mo CD
2.85% $100,000 - Learn MoreShow Less
2.00% $5,000 $24,999 Learn MoreShow Less
36 Mo CD
2.40% $100,000 - Learn MoreShow Less
2.25% $5,000 $24,999 Learn MoreShow Less
48 Mo CD
2.55% $100,000 - Learn MoreShow Less
2.50% $5,000 $24,999 Learn MoreShow Less
60 Mo CD
2.90% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.60% $1,000 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Financial Northwest Bank 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 Financial Northwest Bank Locations


Financial Details

First Financial Northwest Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Financial Northwest Bank. 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 Financial Northwest Bank U.S. Bank Average
0.87% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, First Financial Northwest Bank had $751,000 in non-current loans and $483,000 in owned real estate. To cover these potential losses it had $128,008,000 in equity and $13,333,000 in loans loss reserves. That gives it a Texas Ratio of 0.87%.

Return on Equity
First Financial Northwest Bank U.S. Bank Average
12.61% 8.80%

First Financial Northwest Bank has a Return on Equity of 12.61% versus the BestCashCow average of 8.80%. 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 Financial Northwest Bank U.S. Bank Average
10.24% 12.29%

First Financial Northwest Bank has a Capitalization of 10.24% versus the BestCashCow average of 12.29. 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 Financial Northwest Bank Balance Sheet Analysis

As of December 31, 2018, First Financial Northwest Bank had assets of $1,250,647,000, loans of $1,021,146,000, and deposits of $966,359,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.14 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.02 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.05 billion
     Total Assets $1.12 billion
LIABILITIES
Total deposits $0.97 billion
      Interest-bearing deposits $0.92 billion
      Deposits held in domestic offices $0.97 billion
      % insured (estimated) 75.38%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.15 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.12 billion
      Shareholders’ Equity $0.13 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.04 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About First Financial Northwest Bank

Branches and Savings

Is First Financial Northwest Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29058.

Why does First Financial Northwest Bank pay such low interest on savings accounts?

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

Why are First Financial Northwest Bank CD rates not competitive?

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

Is First Financial Northwest Bank a commercial bank?

Yes

Where are First Financial Northwest Bank locations?

See branch locations nearby.

Is First Financial Northwest Bank open on Saturdays?

Is First Financial Northwest Bank open on Sundays?

What time does First Financial Northwest Bank open?

What time does First Financial Northwest Bank close?

Are First Financial Northwest Bank ATMs Open 24/7?

Do First Financial Northwest Bank ATMs accept cash deposits?

Can First Financial Northwest Bank customers use other ATMs?

Do First Financial Northwest Bank branches have notaries?

Will First Financial Northwest Bank notarize my document?

What address for First Financial Northwest Bank should I put for incoming ACH transfers?

Will the First Financial Northwest Bank branch print checks?

Do First Financial Northwest Bank checks expire?

Does First Financial Northwest Bank require US citizenship to open account?

Can First Financial Northwest Bank close my account?

Does First Financial Northwest Bank Report to credit bureaus?

Does First Financial Northwest Bank Use Equifax?

What is First Financial Northwest Bank's ACH Routing Number?

What is First Financial Northwest Bank's SWIFT code?

Products

Does First Financial Northwest Bank offer mortgages?

Compare mortgage rates here.

Does First Financial Northwest Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Financial Northwest Bank offer personal loans?

Compare personal loan rates here.

Does First Financial Northwest Bank offer student loans?

Will First Financial Northwest Bank cash a check?

Will First Financial Northwest Bank redeem a savings bond?

Does First Financial Northwest Bank cash savings bonds?

Will First Financial Northwest Bank cash money orders?

Can First Financial Northwest Bank issue a money order?

Does First Financial Northwest Bank do currency exchange?

Background on The Bank

Who owns First Financial Northwest Bank?

How long has First Financial Northwest Bank been around?

Can First Financial Northwest Bank transfer to other banks?

Does First Financial Northwest Bank have quick pay?

Does First Financial Northwest Bank accept rolled coins?

Will First Financial Northwest Bank accept loose change?

Where is First Financial Northwest Bank headquarters?

Customer Reviews for First Financial Northwest Bank


  • longknife

    August 15, 2017

    CDs 18 Month Rates

    5 star

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