Washington Federal Bank, National Association

425 Pike Street
Seattle, WA 98101

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28088
Date Established 1917
Assets $16.44 billion
Loans $11.90 billion
Deposits $11.80 billion
Capital $1.98 billion

Washington Federal Bank, National Association is an FDIC insured institution located in Seattle, WA. It was founded in 1917 and has approximately $16.44 billion in assets. Customers can open an account at one of its 250 branches.

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 - August 21, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $89,999 Learn MoreShow Less
Premium Money Market Account
1.30% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 $89,999 Learn MoreShow Less
3 Mo CD
0.20% $90,000 - Learn MoreShow Less
6 Mo CD
0.45% $1,000 $89,999 Learn MoreShow Less
6 Mo CD
0.50% $90,000 - Learn MoreShow Less
Special: 7 Mo CD
1.65% $1,000 $500,000 Learn MoreShow Less
12 Mo CD
0.60% $1,000 $89,999 Learn MoreShow Less
12 Mo CD
0.65% $90,000 - Learn MoreShow Less
Special: 13 Mo CD
1.80% $1,000 $500,000 Learn MoreShow Less
18 Mo CD
0.80% $1,000 $89,999 Learn MoreShow Less
18 Mo CD
0.85% $90,000 - Learn MoreShow Less
Special: 19 Mo CD
1.95% $1,000 $500,000 Learn MoreShow Less
1.00% $1,000 $89,999 Learn MoreShow Less
24 Mo CD
1.05% $90,000 - Learn MoreShow Less
1.00% $1,000 $89,999 Learn MoreShow Less
30 Mo CD
1.05% $90,000 - Learn MoreShow Less
36 Mo CD
1.15% $1,000 $89,999 Learn MoreShow Less
36 Mo CD
1.20% $90,000 - Learn MoreShow Less
48 Mo CD
1.25% $1,000 $89,999 Learn MoreShow Less
48 Mo CD
1.30% $90,000 - Learn MoreShow Less
60 Mo CD
2.00% $1,000 $89,999 Learn MoreShow Less
60 Mo CD
2.05% $90,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 $89,999 Learn MoreShow Less
Special: 7 Mo FIRA
1.65% $1,000 $500,000 Learn MoreShow Less
Special: 13 Mo FIRA
1.80% $1,000 $500,000 Learn MoreShow Less
Special: 19 Mo FIRA
1.95% $1,000 $500,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $10,000 - Learn MoreShow Less
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 - August 21, 2019

Your Current Location: Washington, WA 98101

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

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:
Seattle,Washington


Washington Federal Bank, National Association Locations


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
2.67% 6.94%

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 March 31, 2019, Washington Federal Bank, National Association had $48,939,000 in non-current loans and $7,522,000 in owned real estate. To cover these potential losses it had $1,981,326,000 in equity and $133,086,000 in loans loss reserves. That gives it a Texas Ratio of 2.67%.

Return on Equity
Washington Federal Bank, National Association U.S. Bank Average
10.37% 9.47%

Washington Federal Bank, National Association has a Return on Equity of 10.37% versus the BestCashCow average of 9.47%. 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
12.06% 12.49%

Washington Federal Bank, National Association has a Capitalization of 12.06% versus the BestCashCow average of 12.49. 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 March 31, 2019, Washington Federal Bank, National Association had assets of $16,435,335,000, loans of $11,897,238,000, and deposits of $11,802,433,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.28 billion
Interest-bearing balances $0.16 billion
Total securities $3.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $11.90 billion
Loan loss allowance $0.13 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.31 billion
All other assets $0.56 billion
     Total Assets $14.45 billion
LIABILITIES
Total deposits $11.80 billion
      Interest-bearing deposits $10.31 billion
      Deposits held in domestic offices $11.80 billion
      % insured (estimated) 82.79%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $2.61 billion
Subordinated debt $0.00 billion
All other liabilities $0.04 billion
      Total Liabilities $14.45 billion
      Shareholders’ Equity $1.98 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.17 billion
Total Interest Expense $0.05 billion
Net interest income $0.12 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.07 billion
Pre-tax Net Operating Income $0.07 billion

Bank Loan Profile?

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

Compared to other banks in Washington, Washington Federal Bank, National Association has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, 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 50.47
Multifamily
Mortgages
11.94
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.99
Construction and Development Loans 14.30
Commercial Real Estate 13.37
Commercial and Industrial Loans 7.86
Farm Loans 0.09

Frequently Asked Questions About Washington Federal Bank, National Association

Branches and Savings

Is Washington Federal Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #28088.

Why does Washington Federal Bank, National Association pay such low interest on savings accounts?

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

Why are Washington Federal Bank, National Association CD rates not competitive?

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

Is Washington Federal Bank, National Association a commercial bank?

Yes

Where are Washington Federal Bank, National Association locations?

See branch locations nearby.

Is Washington Federal Bank, National Association open on Saturdays?

Is Washington Federal Bank, National Association open on Sundays?

What time does Washington Federal Bank, National Association open?

What time does Washington Federal Bank, National Association close?

Are Washington Federal Bank, National Association ATMs Open 24/7?

Do Washington Federal Bank, National Association ATMs accept cash deposits?

Can Washington Federal Bank, National Association customers use other ATMs?

Do Washington Federal Bank, National Association branches have notaries?

Will Washington Federal Bank, National Association notarize my document?

What address for Washington Federal Bank, National Association should I put for incoming ACH transfers?

Will the Washington Federal Bank, National Association branch print checks?

Do Washington Federal Bank, National Association checks expire?

Does Washington Federal Bank, National Association require US citizenship to open account?

Can Washington Federal Bank, National Association close my account?

Does Washington Federal Bank, National Association Report to credit bureaus?

Does Washington Federal Bank, National Association Use Equifax?

What is Washington Federal Bank, National Association's ACH Routing Number?

What is Washington Federal Bank, National Association's SWIFT code?

Products

Does Washington Federal Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Washington Federal Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Washington Federal Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Washington Federal Bank, National Association offer student loans?

Will Washington Federal Bank, National Association cash a check?

Will Washington Federal Bank, National Association redeem a savings bond?

Does Washington Federal Bank, National Association cash savings bonds?

Will Washington Federal Bank, National Association cash money orders?

Can Washington Federal Bank, National Association issue a money order?

Does Washington Federal Bank, National Association do currency exchange?

Background on The Bank

Who owns Washington Federal Bank, National Association?

How long has Washington Federal Bank, National Association been around?

Can Washington Federal Bank, National Association transfer to other banks?

Does Washington Federal Bank, National Association have quick pay?

Does Washington Federal Bank, National Association accept rolled coins?

Will Washington Federal Bank, National Association accept loose change?

Where is Washington Federal Bank, National Association headquarters?

Customer Reviews for Washington Federal Bank, National Association


  • jim

    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.

  • jim

    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

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