Foundation Bank

Headquarters

1110 112th Avenue Ne, Suite 200
Bellevue, WA 98004
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Foundation Bank is an FDIC insured institution located in Bellevue, WA. It was founded in 2000 and has approximately $0.44 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35566
Date Established 2000
Assets $ 443.62 million
Loans $ 292.27 million
Deposits $ 391.21 million
Capital $ 51.18 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Foundation Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.184% 3.125%
0.75 points
$1,865 fees
$1,071 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Foundation Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Foundation 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:
San Diego,California


Foundation Bank Locations


Financial Details

Foundation Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Foundation 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
Foundation Bank U.S. Bank Average
18.07% 5.29%

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, 2021, Foundation Bank had $9,382,000 in non-current loans and $911,000 in owned real estate. To cover these potential losses it had $51,181,000 in equity and $5,796,000 in loans loss reserves. That gives it a Texas Ratio of 18.07%.

Return on Equity
Foundation Bank U.S. Bank Average
7.83% 11.43%

Foundation Bank has a Return on Equity of 7.83% versus the BestCashCow average of 11.43%. 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
Foundation Bank U.S. Bank Average
11.54% 11.51%

Foundation Bank has a Capitalization of 11.54% versus the BestCashCow average of 11.51. 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.

Foundation Bank Balance Sheet Analysis

As of June 30, 2016, Foundation Bank had assets of $443,616,000, loans of $292,271,000, and deposits of $391,209,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 292.27 million
Loan loss allowance $ 5.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.91 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 391.21 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 443.62 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Foundation Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Washington, Foundation Bank has a significantly higher percent of Commercial Real Estate 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 5.61
Multifamily
Mortgages
5.50
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.88
Construction and Development Loans 8.38
Commercial Real Estate 46.66
Commercial and Industrial Loans 32.55
Farm Loans 0.00

Frequently Asked Questions About Foundation Bank

Branches and Savings

Is Foundation Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35566.

Why does Foundation Bank pay such low interest on savings accounts?

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

Why are Foundation Bank CD rates not competitive?

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

Is Foundation Bank a commercial bank?

Yes

Where are Foundation Bank locations?

See branch locations nearby.

Is Foundation Bank open on Saturdays?

Is Foundation Bank open on Sundays?

What time does Foundation Bank open?

What time does Foundation Bank close?

Are Foundation Bank ATMs Open 24/7?

Do Foundation Bank ATMs accept cash deposits?

Can Foundation Bank customers use other ATMs?

Do Foundation Bank branches have notaries?

Will Foundation Bank notarize my document?

What address for Foundation Bank should I put for incoming ACH transfers?

Will the Foundation Bank branch print checks?

Do Foundation Bank checks expire?

Does Foundation Bank require US citizenship to open account?

Can Foundation Bank close my account?

Does Foundation Bank Report to credit bureaus?

Does Foundation Bank Use Equifax?

What is Foundation Bank's ACH Routing Number?

What is Foundation Bank's SWIFT code?

Products

Does Foundation Bank offer mortgages?

Compare mortgage rates here.

Does Foundation Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Foundation Bank offer personal loans?

Compare personal loan rates here.

Does Foundation Bank offer student loans?

Will Foundation Bank cash a check?

Will Foundation Bank redeem a savings bond?

Does Foundation Bank cash savings bonds?

Will Foundation Bank cash money orders?

Can Foundation Bank issue a money order?

Does Foundation Bank do currency exchange?

Background on The Bank

Who owns Foundation Bank?

How long has Foundation Bank been around?

Can Foundation Bank transfer to other banks?

Does Foundation Bank have quick pay?

Does Foundation Bank accept rolled coins?

Will Foundation Bank accept loose change?

Where is Foundation Bank headquarters?

Customer Reviews for Foundation Bank

There are currently no comments for Foundation Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →