This institution is no longer active

Operations ceased on June 1, 2006. CRA examination history below reflects the period it was active.

WASHINGTON STATE BANK

FEDERAL WAY, WA · Supervised by FDIC

Est. 1992FDIC #33,701RSSD: FDIC-33701

Part ofWESTERN WASHINGTON BCORP→ View all charters

Satisfactory Same

Current rating · Exam: September 1996

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.66%

Institution Profile

FDIC BankFind

Address

32303 Pacific Highway South, FEDERAL WAY, WA

County

King County

Established

October 1, 1992

Total Assets

$55M(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

September 1, 1996

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 29 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 Q1 2006Call Report / FDIC

Total Assets

$55M

Total Deposits

$46M

Net Loans

$43M

Net Income

$92K

ROA

0.66%

ROE

6.14%

Risk-Based Capital

15.19%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

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

Mortgage Denial Rate17.75%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	4,067	48.71%	17.75%
2023	5,058	45.95%	18.23%
2022	8,600	52.29%	16.05%
2021	9,435	53.85%	12.00%
2020	9,872	55.41%	14.76%
2019	7,880	52.6%	18.93%
2018	761	82.52%	8.15%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating locked — dating back to 1994

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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