The catalogue › United States › Pacific › Washington
The state note · prepared 7 September 2026

Washington

29 banks and 75 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

29 banks filing · read from the 30 June 2026 Call Report
29
banks filing
$92.4B in assets
+2.0%
Loans, year over year
median; 4 above 10%, 11 shrinking
36.1%
CRE / loans
median
86.6%
Loans / deposits
median
0.46%
NPA / loans
median
11.0%
Equity / assets
median

Washington's 29 banks hold $92.4B in assets at 30 June 2026. Wafd Bank is the largest at $27.6B, and the five largest hold 74% of the total; 15 institutions are above $1B, holding $87.5B.

Loans grew a median +2.0% in the year to 30 June 2026: 4 institutions grew faster than 10% and 11 shrank. The median bank lends 87% of its deposits and holds commercial real estate at 36.1% of loans. Nonperforming loans sit at a median 0.46% of the book, return on assets at 0.96%, and equity at 11.0% of assets.

13 of the 29 are in the catalogue, each read from its own filing beside the banks its size in the state: Wafd Bank, Banner Bank, Washington Trust Bank, Heritage Bank, Coastal Community Bank, Peoples Bank, Cashmere Valley Bank, First Fed Bank, Timberland Bank, Yakima Federal Savings & Loan Association, Mountain Pacific Bank, Seattle Bank, Commencement Bank.

Who holds the state's assetseach institution's share of the $92.4B the state's 29 hold; the largest first, amber in the catalogue
Wafd Bank: 29.8%WB30%Banner Bank: 17.9%BB18%Washington Trust Bank: 11.4%WT11%Heritage Bank: 9.1%HB9%Coastal Community Bank: 5.9%CC1st Security Bank of Washington: 3.4%sSPeoples Bank: 2.6%Cashmere Valley Bank: 2.5%First Fed Bank: 2.3%Timberland Bank: 2.2%19 others 13%WBWafd Bank29.8%BBBanner Bank17.9%WTWashington Trust Bank11.4%HBHeritage Bank9.1%CCCoastal Community Bank5.9%sS1st Security Bank of …3.4%PBPeoples Bank2.6%CVCashmere Valley Bank2.5%FFFirst Fed Bank2.3%TBTimberland Bank2.2%

Wafd Bank holds 29.8% of the state's bank assets; the five largest hold 74%, and 15 of the 29 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestWafd Bank: 30% of the totalThe five largest74% of the totalThe ten largest87% of the totalGINI0.70 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 74% of the assets in 17% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
1-4 family residential, closed-end23.6%$15.8BNonfarm nonresidential, non-owner-occupied17.8%$11.9BMultifamily13.4%$8.9BNonfarm nonresidential, owner-occupied12.4%$8.3BCommercial & industrial10.4%$7.0BConstruction & land8.5%$5.7BHome equity lines3.9%$2.6BConsumer, other3.7%$2.5BStates & municipalities1.4%$944MCredit card1.4%$905MOther loans and leases1.3%$835MAgricultural production1.0%$651MAuto0.7%$446MFarmland0.7%$434M

1-4 family residential, closed-end is the largest category at 23.6% of the state's $66.7B in loans, then Nonfarm nonresidential, non-owner-occupied at 17.8% and Multifamily at 13.4%.

Loans, year over yearWashington banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 29 · amber, in the catalogue
state median +2.0% TC Twin City Bank +35.2% PB Portage Bank +31.2% HB Heritage Bank +20.4% CC Coastal Community Bank +19.9% CB Commencement Bank +8.7% LB Liberty Bank +8.4% CV Cashmere Valley Bank +6.3% MP Mountain Pacific Bank +5.7% YF Yakima Federal Savings & Loan Ass… +4.6% TB Timberland Bank +3.9% Bo Bank of the Pacific +3.2% BB Banner Bank +2.5% RB Riverview Bank +2.4% WT Washington Trust Bank +2.1% R Riverbank +2.0% PC Pacific Crest Bank +1.3% OF Olympia Federal Savings & Loan As… +1.1% sS 1st Security Bank of Washington +0.8% WB Wafd Bank -1.2% SC Sound Community Bank -1.4% SB Sound Banking Co. -2.0% PB Peoples Bank -2.4% CC Connect Community Bank -2.9% FF First Fed Bank -3.0% BN Baker-boyer National Bank -4.3%

Twin City Bank grew fastest at +35.2%; 4 grew faster than 10% and 11 shrank, Lamont Bank of ST John the most at -19.0%. The median is +2.0%.

Commercial real estate, share of loansWashington banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 29 · amber, in the catalogue
state median 36.1% PC Pacific Crest Bank 71.3% RB Riverview Bank 54.0% TB Timberland Bank 52.5% HB Heritage Bank 45.9% MP Mountain Pacific Bank 45.1% WB Wafd Bank 44.8% U Unibank 42.7% BB Banner Bank 41.8% R Riverbank 41.5% SC Sound Community Bank 40.8% PB Peoples Bank 38.8% CV Cashmere Valley Bank 37.7% Bo Bank of the Pacific 36.4% CB Commencement Bank 36.2% FF First Fed Bank 36.1% PB Portage Bank 34.6% WT Washington Trust Bank 32.9% SB Sound Banking Co. 32.9% sS 1st Security Bank of Washington 32.7% TC Twin City Bank 27.9% CC Coastal Community Bank 26.3% SB Seattle Bank 24.1% LB Liberty Bank 21.9% BN Baker-boyer National Bank 20.4% OF Olympia Federal Savings & Loan As… 16.6%

Pacific Crest Bank is the most CRE-weighted at 71.3% of loans; 10 of the 29 are above 40%, against a median of 36.1%.

Commercial real estate against capital, the 300% screenWashington banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 29 · amber, in the catalogue
state median 221% 300% screen PC Pacific Crest Bank 449% U Unibank 365% RB Riverview Bank 344% WB Wafd Bank 332% PB Portage Bank 321% SC Sound Community Bank 311% MP Mountain Pacific Bank 296% R Riverbank 296% HB Heritage Bank 295% TB Timberland Bank 289% FF First Fed Bank 269% BB Banner Bank 253% CB Commencement Bank 246% PB Peoples Bank 232% sS 1st Security Bank of Washington 221% CC Coastal Community Bank 219% SB Sound Banking Co. 218% WT Washington Trust Bank 216% Bo Bank of the Pacific 190% LB Liberty Bank 183% SB Seattle Bank 175% CV Cashmere Valley Bank 135% OF Olympia Federal Savings & Loan As… 119% BN Baker-boyer National Bank 116% TC Twin City Bank 112%

6 of the 29 banks sit above the 300% screen, Pacific Crest Bank the highest at 449% of capital; the median is 221%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenWashington banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 29 · amber, in the catalogue
state median 44% 100% screen PB Portage Bank 155% SB Sound Banking Co. 108% sS 1st Security Bank of Washington 105% BB Banner Bank 85% PC Pacific Crest Bank 82% MP Mountain Pacific Bank 79% WT Washington Trust Bank 68% SC Sound Community Bank 67% TB Timberland Bank 66% CC Connect Community Bank 62% SB Seattle Bank 61% R Riverbank 59% WB Wafd Bank 49% HB Heritage Bank 44% LB Liberty Bank 44% CC Coastal Community Bank 43% OF Olympia Federal Savings & Loan As… 37% FF First Fed Bank 29% CB Commencement Bank 28% PB Peoples Bank 24% BN Baker-boyer National Bank 23% RB Riverview Bank 20% Bo Bank of the Pacific 19% CV Cashmere Valley Bank 13% TC Twin City Bank 7%

3 of the 29 banks sit above the 100% construction screen, Portage Bank the highest at 155%; the median is 44%.

Loans to depositsWashington banks, 30 June 2026 · listed highest first · the 25 highest of 29 · amber, in the catalogue
state median 87% OF Olympia Federal Savings & Loan As… 122% sS 1st Security Bank of Washington 109% MP Mountain Pacific Bank 105% LB Liberty Bank 102% PC Pacific Crest Bank 101% FF First Fed Bank 100% SB Sound Banking Co. 98% WB Wafd Bank 96% SC Sound Community Bank 95% PB Portage Bank 94% SB Seattle Bank 94% PB Peoples Bank 93% CC Coastal Community Bank 88% R Riverbank 87% BB Banner Bank 87% RB Riverview Bank 86% TB Timberland Bank 86% WT Washington Trust Bank 85% CB Commencement Bank 84% U Unibank 84% CC Connect Community Bank 84% HB Heritage Bank 82% LB Lamont Bank of ST John 71% Bo Bank of the Pacific 69% YF Yakima Federal Savings & Loan Ass… 67%

6 of the 29 lend more than they hold in deposits, Olympia Federal Savings & Loan Association the furthest at 122%; the median is 87%.

Nonperforming loans, share of loansWashington banks, 30 June 2026 · listed highest first · the 25 highest of 29 · amber, in the catalogue
state median 0.46% LB Lamont Bank of ST John 49.79% SB Seattle Bank 2.81% CC Coastal Community Bank 2.27% FF First Fed Bank 1.28% PB Portage Bank 1.13% SC Sound Community Bank 0.90% RB Riverview Bank 0.80% WT Washington Trust Bank 0.73% MP Mountain Pacific Bank 0.67% WB Wafd Bank 0.63% sS 1st Security Bank of Washington 0.58% TB Timberland Bank 0.56% U Unibank 0.54% PC Pacific Crest Bank 0.47% BB Banner Bank 0.46% BN Baker-boyer National Bank 0.42% CV Cashmere Valley Bank 0.35% R Riverbank 0.31% YF Yakima Federal Savings & Loan Ass… 0.28% HB Heritage Bank 0.27% OF Olympia Federal Savings & Loan As… 0.26% CC Connect Community Bank 0.15% LB Liberty Bank 0.14% PB Peoples Bank 0.11% CB Commencement Bank 0.09%

Lamont Bank of ST John carries the most nonperforming loans at 49.79% of the book; 5 of the 29 are above 1%, and the median is 0.46%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%1.00%2.00%3.00%4.00%5.00%6.00%NPA / loansAllowance / loansFSFarmers State Bank+6.27%CCCoastal Community Bank+2.68%SBSound Banking Co.+1.60%PBPeoples Bank+1.40%WTWashington Trust Bank+1.35%MPMountain Pacific Bank+1.28%TCTwin City Bank+1.15%BoBank of the Pacific+1.12%CBCommencement Bank+1.09%PCPacific Crest Bank+1.08%RRiverbank+1.02%BBBanner Bank+0.89%CCConnect Community Bank+0.86%CVCashmere Valley Bank+0.77%HBHeritage Bank+0.76%TBTimberland Bank+0.70%BNBaker-boyer National Bank+0.67%LBLiberty Bank+0.65%RBRiverview Bank+0.60%sS1st Security Bank of Washington+0.58%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 4 of the 29 hold an allowance smaller than their nonperforming loans.

Return on assetsWashington banks, 30 June 2026 · listed highest first · the 25 highest of 29 · amber, in the catalogue
state median 0.96% SB Sound Banking Co. 2.49% R Riverbank 1.79% TB Timberland Bank 1.48% MP Mountain Pacific Bank 1.44% BB Banner Bank 1.29% FS Farmers State Bank 1.22% WT Washington Trust Bank 1.19% sS 1st Security Bank of Washington 1.09% Bo Bank of the Pacific 1.09% CV Cashmere Valley Bank 1.09% SB Seattle Bank 1.08% HB Heritage Bank 0.99% WB Wafd Bank 0.98% PB Peoples Bank 0.97% CB Commencement Bank 0.96% YF Yakima Federal Savings & Loan Ass… 0.94% SC Sound Community Bank 0.88% PB Portage Bank 0.67% PC Pacific Crest Bank 0.60% BN Baker-boyer National Bank 0.59% OF Olympia Federal Savings & Loan As… 0.37% LB Liberty Bank 0.36% TC Twin City Bank 0.28% FF First Fed Bank 0.20% U Unibank -0.25%

Sound Banking Co. earns the most at 2.49% and Lamont Bank of ST John the least at -6.44%; 9 of the 29 earn under 0.50%, and the median is 0.96%.

The efficiency ratio, with the return beside itWashington banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 29 · amber, in the catalogue
state median 70.0% YF Yakima Federal Savings & Loan Ass… 52.4% ROA 0.94% WB Wafd Bank 53.5% ROA 0.98% TB Timberland Bank 53.9% ROA 1.48% FS Farmers State Bank 54.9% ROA 1.22% MP Mountain Pacific Bank 55.7% ROA 1.44% R Riverbank 57.2% ROA 1.79% SB Seattle Bank 60.0% ROA 1.08% BB Banner Bank 60.2% ROA 1.29% SB Sound Banking Co. 61.4% ROA 2.49% CV Cashmere Valley Bank 61.4% ROA 1.09% sS 1st Security Bank of Washington 64.9% ROA 1.09% WT Washington Trust Bank 66.7% ROA 1.19% CC Coastal Community Bank 68.2% ROA -1.15% CB Commencement Bank 68.5% ROA 0.96% Bo Bank of the Pacific 70.0% ROA 1.09% HB Heritage Bank 70.6% ROA 0.99% SC Sound Community Bank 71.9% ROA 0.88% PB Peoples Bank 73.7% ROA 0.97% PC Pacific Crest Bank 74.1% ROA 0.60% RB Riverview Bank 83.2% ROA -0.77% OF Olympia Federal Savings & Loan As… 84.0% ROA 0.37% TC Twin City Bank 84.8% ROA 0.28% LB Liberty Bank 85.7% ROA 0.36% BN Baker-boyer National Bank 86.9% ROA 0.59% PB Portage Bank 88.4% ROA 0.67%

Yakima Federal Savings & Loan Association runs the leanest at 52.4% of revenue in cost; 10 of the 29 spend more than 80 cents of every revenue dollar, and the median is 70.0%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Wafd Bank$27.6B-1.2%44.8%96%0.63%0.98%11.0%
Banner Bank$16.6B+2.5%41.8%87%0.46%1.29%11.9%
Washington Trust Bank$10.5B+2.1%32.9%85%0.73%1.19%9.6%
Heritage Bank$8.4B+20.4%45.9%82%0.27%0.99%13.3%
Coastal Community Bank$5.5B+19.9%26.3%88%2.27%-1.15%8.6%
1st Security Bank of Washington$3.2B+0.8%32.7%109%0.58%1.09%11.4%
Peoples Bank$2.4B-2.4%38.8%93%0.11%0.97%13.3%
Cashmere Valley Bank$2.3B+6.3%37.7%53%0.35%1.09%11.1%
First Fed Bank$2.1B-3.0%36.1%100%1.28%0.20%8.6%
Timberland Bank$2.1B+3.9%52.5%86%0.56%1.48%13.2%
Yakima Federal Savings & Loan Association$2.0B+4.6%10.5%67%0.28%0.94%27.7%
Riverview Bank$1.5B+2.4%54.0%86%0.80%-0.77%11.4%
Bank of the Pacific$1.3B+3.2%36.4%69%0.04%1.09%11.0%
Sound Community Bank$1.1B-1.4%40.8%95%0.90%0.88%11.0%
Olympia Federal Savings & Loan Association$1.0B+1.1%16.6%122%0.26%0.37%11.6%
Five years, 2021 to 2026the 29 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$48.0B$66.7B+39%
Deposits, in total$64.4B$75.2B+17%
NPA / loans, median0.23%0.46%+0.23 pts
Efficiency, median62.9%70.0%+7.1 pts
ROA, median1.05%0.96%-0.09 pts

Small-business lending

SBA 7(a) approvals into Washington since FY2008, across every lender type

$13.5B of 7(a) credit has been approved into Washington since FY2008 across 28,431 loans. Retail trade is the largest category at 22.5%, Accommodation & food services at 20.6%, Health care & social assistance at 11.0%; the three together are 54% of the money. The heaviest losses fall in Construction, at 2.46% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 281 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
UB U.S. Bank, National Association 6.9% $933M · 3,630 loans CB Columbia Bank 6.7% $907M · 2,786 loans KN KeyBank National Association 5.5% $735M · 1,921 loans Bo Bank of Hope 4.9% $658M · 702 loans LO Live Oak Banking Company 4.4% $598M · 424 loans WF Wells Fargo Bank National Associa… 3.9% $518M · 1,645 loans BB Banner Bank 3.5% $467M · 2,139 loans Readycap Lending, LLC 3.3% $440M · 406 loans HB Heritage Bank 3.2% $437M · 947 loans U Unibank 2.8% $384M · 420 loans PB PCB Bank 2.5% $340M · 244 loans WT Washington Trust Bank 2.3% $304M · 689 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Retail trade23.5%$3.0B · 4,335 loansAccommodation & food services21.5%$2.8B · 4,604 loansHealth care & social assistance11.5%$1.5B · 2,862 loansManufacturing7.6%$974M · 1,924 loansConstruction7.5%$972M · 3,631 loansProfessional & technical services6.5%$831M · 2,399 loansOther services6.1%$781M · 2,321 loansWholesale trade4.8%$624M · 1,133 loansTransportation & warehousing3.0%$385M · 1,199 loansArts, entertainment & recreation3.0%$381M · 774 loansReal estate & leasing2.7%$346M · 621 loansAdministrative & waste services2.4%$307M · 1,139 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Retail trade$3.0B4,33522.5%$33M1.10%
Accommodation & food services$2.8B4,60420.6%$43M1.54%
Health care & social assistance$1.5B2,86211.0%$15M1.03%
Manufacturing$974M1,9247.2%$16M1.64%
Construction$972M3,6317.2%$24M2.46%
Professional & technical services$831M2,3996.2%$11M1.29%
Other services$781M2,3215.8%$13M1.63%
Wholesale trade$624M1,1334.6%$7M1.14%
Transportation & warehousing$385M1,1992.9%$8M2.18%
Arts, entertainment & recreation$381M7742.8%$6M1.53%
Real estate & leasing$346M6212.6%$4M1.07%
Administrative & waste services$307M1,1392.3%$4M1.26%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
King$4.7B9,737193
Pierce$1.6B3,319137
Snohomish$1.6B3,057127
Spokane$848M2,377105
Clark$797M1,850114
Thurston$564M1,02696
Whatcom$421M91676
Kitsap$392M81183
Yakima$307M64684
Benton$265M73271

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Washington institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Washington

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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