Washington Federal Bank, National Association

Headquarters

425 Pike Street
Seattle, WA 98101
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.60% 0.80% →
5-Year CD 0.80% 1.25% →
30-Year Mortgage 4.13% 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Washington Federal Bank, National Association is an FDIC insured institution located in Seattle, WA. It was founded in 1917 and has approximately $19.65 billion in assets. Customers can open an account at one of its 250 branches.

FDIC Insured Yes
FDIC Certificate # 28088
Date Established 1917
Assets $ 19.65 billion
Loans $ 13.47 billion
Deposits $ 15.46 billion
Capital $ 2.09 billion
 

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

Deposit Rates - December 7, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Checking Rates APY MIN FEE
Green Checking 0.00% $0 $6.00 Learn MoreShow Less
Stellar Plus Checking 0.20% $0 $8.00 Learn MoreShow Less
 

Loan Rates - December 7, 2021

Your Current Location: Virginia, VA 20146

Refinance 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

Washington Federal Bank, National Association 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


Washington Federal Bank, National Association Locations



Climate Initiatives

Washington Federal Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Washington Federal Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Washington Federal Bank, National Association. 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
Washington Federal Bank, National Association U.S. Bank Average
1.86% 4.78%

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 June 30, 2021, Washington Federal Bank, National Association had $34,051,000 in non-current loans and $7,932,000 in owned real estate. To cover these potential losses it had $2,086,864,000 in equity and $170,784,000 in loans loss reserves. That gives it a Texas Ratio of 1.86%.

Return on Equity
Washington Federal Bank, National Association U.S. Bank Average
8.97% 11.29%

Washington Federal Bank, National Association has a Return on Equity of 8.97% versus the BestCashCow average of 11.29%. 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
Washington Federal Bank, National Association U.S. Bank Average
10.62% 11.72%

Washington Federal Bank, National Association has a Capitalization of 10.62% versus the BestCashCow average of 11.72. 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.

Washington Federal Bank, National Association Balance Sheet Analysis

As of June 30, 2021, Washington Federal Bank, National Association had assets of $19,651,718,000, loans of $13,470,578,000, and deposits of $15,455,935,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 2.25 billion
Interest-bearing balances $ 2.07 billion
Total securities $ 2.71 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.47 billion
Loan loss allowance $ 170.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.93 million
Goodwill and other intangibles $ 308.80 million
All other assets $ 648.28 million
     Total Assets $ 17.56 billion
LIABILITIES
Total deposits $ 15.46 billion
      Interest-bearing deposits $ 12.42 billion
      Deposits held in domestic offices $ 15.46 billion
      % insured (estimated) 68.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,950.00 million
Subordinated debt N.A.
All other liabilities $ 158.92 million
      Total Liabilities $ 17.56 billion
      Shareholders’ Equity $ 2.09 billion

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 296.82 million
Total Interest Expense $ 41.56 million
Net interest income $ 255.26 million
Provision for loan and lease losses N.A.
Total non interest income $ 37.70 million
Total non interest expense $ 177.73 million
Pre-tax Net Operating Income $ 117.22 million

Bank Loan Profile?

The top three loan types in Washington Federal Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Washington, Washington Federal Bank, National Association has a significantly higher percent of Construction and Development 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 38.42
Multifamily
Mortgages
14.94
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.72
Construction and Development Loans 12.69
Commercial Real Estate 17.38
Commercial and Industrial Loans 15.72
Farm Loans 0.08

Customer Reviews for Washington Federal Bank, National Association


  • September 28, 2016

    CDs 60 Month Rates

    After looking around, looks like AlaskaUSA has the better current rate of 2 percent for 5 years. A little more can be obtained at Discover/AAA for a 10 year CD.

  • September 28, 2016

    CDs 60 Month Rates

    Rate is incorrect. Washinton Federal is now at 1.45 for 5 year cd. We are looking to move our money out of Washington Federal

Add Your Review

Rate it here →