Total Assets
$2.1B
Total balance-sheet footings
FDIC Cert #28405 · Port Angeles, Washington · Est. 1923
First Fed Bank - FDIC Bank Health Profile
This profile flags real pressure points from the bank's own quarterly Call Report, read past the headline grade before drawing conclusions.
- $2.1B
- Total assets
- C
- Health grade · Fair
- -0.10%
- Return on assets
- 12.5%
- Tier 1 capital
Data updated July 2026
The verdict
First Fed Bank earns a PlainBankData health grade of C (51/100), with well-capitalized at 12.49% Tier 1, -0.10% ROA, 93% efficiency ratio.
- #573
- largest of 4,313 FDIC banks by assets
- 87th
- percentile by asset size, nationally
- 12.49%
- Tier 1 ratio - above the 10% well-capitalized line
- 4th
- percentile for profitability (ROA), nationally
A weak grade is PlainBankData's own read of the Call Report data, not an official FDIC rating, and it does not change your insurance coverage: every dollar stays protected to $250,000 per depositor, per category.
How First Fed Bank's 51/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First Fed Bank's composite health score
Tier 1 Capital Ratio (12.49%) 35/40
Return on Assets (ROA) (-0.10%) 0/25
Texas Ratio (11.51%) 16/20
Efficiency Ratio (93.13%) 0/15
51 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$1.6B
Customer-funded liabilities
Net Loans
$1.6B
Outstanding loan book
Net Income
$-2,100K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First Fed Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First Fed Bank's score of 51/100 falls in the highlighted band.
First Fed Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First Fed Bank's $2.1B falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
12.49% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
12.49%
Texas Ratio
11.51%
Equity Capital
$180M
Profitability metrics
Return on Assets (ROA)
4th percentile nationally
-0.10%
Return on Equity (ROE)
-1.19%
Efficiency Ratio
93.13%
What the numbers say about First Fed Bank
First Fed Bank is an FDIC-insured institution (Certificate #28405) headquartered in Port Angeles, Washington, established in 1923. It holds $2.1B in total assets - 573rd of 4,313 FDIC-insured banks, $1.6B in customer deposits, and $1.6B in net loans. On safety, its Tier 1 capital ratio of 12.49% is above the 10% well-capitalized threshold, and its Texas Ratio of 11.51% sits in the healthy range below 50%. It earns a PlainBankData health grade of C (51/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
Within Washington, First Fed Bank ranks 9th of 30 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$107M
Interest Income
$10M
Non-Interest Income
$65M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First Fed Bank reports a Texas Ratio of 11.51% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
11.51% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at First Fed Bank
First Fed Bank's grade of C reflects specific pressure points in the FDIC Call Report. The bank reported negative net income of $-2,100K for the period, a loss that, if sustained, erodes the equity cushion.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at First Fed Bank up to $250,000 per depositor, per ownership category. A weak grade signals institutional financial stress for analysts, it is not a prediction of failure, and it does not affect insured-deposit safety.
Top banks in Washington by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First Fed Bank (FDIC Cert #28405) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Washington
All Washington banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| WaFd BankSeattle | $27.3B | B | 0.91% |
| Banner BankWalla Walla | $16.3B | A | 1.24% |
| Washington Trust BankSpokane | $10.7B | B | 0.89% |
| Heritage BankOlympia | $7.0B | A | 1.07% |
| Coastal Community BankEverett | $4.7B | A | 1.11% |
| 1st Security Bank of WashingtonMountlake Terrace | $3.2B | A | 1.14% |
| Peoples BankBellingham | $2.5B | B | 1.00% |
| Cashmere Valley BankCashmere | $2.3B | A | 1.33% |
Frequently asked questions
What is First Fed Bank's health grade?▼
First Fed Bank receives a health grade of C (51/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is First Fed Bank?▼
First Fed Bank holds $2.1B in total assets and $1.6B in deposits, ranking 573rd of 4,313 FDIC-insured banks by asset size. It is headquartered in Port Angeles, Washington.
Is my money safe at First Fed Bank?▼
Yes, deposits at First Fed Bank (Certificate #28405) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First Fed Bank's Tier 1 Capital Ratio?▼
First Fed Bank has a Tier 1 Capital Ratio of 12.49%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for First Fed Bank?▼
First Fed Bank has a Texas Ratio of 11.51%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First Fed Bank?▼
First Fed Bank has an Efficiency Ratio of 93.13%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First Fed Bank's profile as a depositor or analyst.
- First Fed Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First Fed Bank against other Washington banks before moving funds. Washington banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.