This institution is no longer active

Operations ceased on March 29, 2019. CRA examination history below reflects the period it was active.

THE BANK OF WASHINGTON

LYNNWOOD, WA · Supervised by FDIC

Est. 1996FDIC #34,214RSSD: FDIC-34214

Part ofWASHINGTON BCORP INC→ View all charters

Satisfactory Same

Current rating · Exam: June 2013

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.47%

Is this bank safe?

THE BANK OF WASHINGTON holds a Satisfactory CRA rating (2013), meets basic financial requirements (ROA +0.47%).

Institution Profile

FDIC BankFind

Address

5901 196th S. W., LYNNWOOD, WA

County

Snohomish County

Established

July 29, 1996

Total Assets

$206M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

June 1, 2013

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 13 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2018Call Report / FDIC

Total Assets

$206M

Total Deposits

$174M

Net Loans

$171M

Net Income

$945K

ROA

0.47%

Above avg for Small banks. Peer avg: 0.44%

ROE

4.74%

Risk-Based Capital

13.51%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.47%Peer avg: 0.44%▲ Above avg

Risk-Based Capital13.51%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate1.81%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	166	79.52%	1.81%
2020	892	80.04%	5.72%
2019	452	81.42%	3.76%
2018	329	67.78%	9.12%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Jun 2013	Satisfactory	Small Bank
Mar 2008	Satisfactory	Small Bank
Feb 2003	Satisfactory	Small Bank

1 previous rating locked — back to 1997

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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