Seattle, WA · Cert 32489
FDIC · 59 branches
Q2 2025
Market Position · Seattle-Tacoma-Bellevue, WA · 2025 SOD (annual) · 2.3% share · #9 of 45 inst. · $3.2B of $140.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.20% | -0.03% | -0.12% | -0.09% | -0.09% | -5.75% | 0.05% | 0.03% | +12 bps | |
| Return on Equity | 2.69% | -0.37% | -1.56% | -1.13% | -1.20% | -74.30% | 0.71% | 0.43% | +156 bps | |
| Net Interest Margin | 1.74% | 1.59% | 1.46% | 1.40% | 1.37% | 1.41% | 1.78% | 1.88% | +49 bps | |
| Efficiency Ratio | 91.42% | 98.17% | 108.52% | 103.97% | 109.02% | 221% | 95.28% | 86.83% | -1,715 bps | |
| Non-Interest Burden | 1.61% | 1.60% | 1.65% | 1.51% | 1.57% | 5.42% | 1.71% | 1.58% | +6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.52% | 0.46% | -4.09% | -2.47% | -2.71% | -13.41% | -17.48% | -17.88% | -1,542 bps | |
| Loan Growth (YoY) | 3.40% | -0.03% | -0.59% | -0.77% | -1.34% | -15.99% | -18.30% | -19.22% | -1,844 bps | |
| Deposit Growth (YoY) | 2.25% | -9.04% | -7.84% | -1.92% | -4.47% | -5.15% | -6.25% | -10.45% | -853 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.64% | 0.66% | 0.79% | 0.64% | 0.72% | 1.03% | 1.09% | 1.13% | +49 bps | |
| Net Charge-Offs / Loans | 0.03% | -0.01% | 0.06% | 0.00% | 0.06% | 0.01% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.53% | 0.54% | 0.53% | 0.54% | 0.52% | 0.62% | 0.65% | 0.76% | +23 bps | |
| Allowance Coverage of NPLs | 0.8x | 0.8x | 0.7x | 0.8x | 0.7x | 0.6x | 0.6x | 0.7x | -0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.49% | 8.50% | 8.34% | 8.44% | 8.59% | 7.30% | 8.46% | 8.74% | +30 bps | |
| Total Risk-Based Capital | 13.32% | 13.49% | 13.34% | 13.29% | 13.41% | 13.02% | 13.40% | 13.66% | +37 bps | |
| Equity / Assets | 7.46% | 7.87% | 7.69% | 7.75% | 8.06% | 7.37% | 7.80% | 8.10% | +34 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 110.62% | 109.81% | 114.71% | 113.14% | 114.24% | 97.27% | 99.97% | 102.06% | -1,108 bps | |
| Liquid Assets / Assets | 2.12% | 2.00% | 3.20% | 2.17% | 2.06% | 4.79% | 2.68% | 2.39% | +22 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |