1st Security Bank of Washington: how it compares with its peers
Against 481 U.S. banks with half to twice its assets, 1st Security Bank of Washington's strongest measure in Q2 2026 is net interest margin (4.46% vs. a 3.69% peer median). Its weakest relative measure is assets per employee ($5.4M vs. $9.1M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.09% | 1.27% | Middle third Ahead of 35% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.46% | 3.69% | Top third Ahead of 87% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.06% | 58.58% | Middle third Ahead of 34% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.4M | $9.1M | Bottom third Ahead of 6% of peers |
| Loans to deposits Net loans and leases over total deposits. | 107.88% | 88.43% | Context |
What it means for lending operations
Its efficiency ratio of 63.06% is above the 58.58% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First National Bank Damariscotta, ME · $3.18B
- Unity Bank Clinton, NJ · $3.18B
- Bank of Greene Catskill, NY · $3.18B
- Exchange Bank Santa Rosa, CA · $3.19B
- First Citizens Community Bank Mansfield, PA · $3.19B
- Monet Bank Plano, TX · $3.16B
Questions about 1st Security Bank of Washington
How big is 1st Security Bank of Washington?
1st Security Bank of Washington, established in 2004, is headquartered in Mountlake Terrace, WA. It reported $3.18B in total assets in its Q2 2026 FDIC call report and operates 34 offices.
What is 1st Security Bank of Washington's return on assets?
1.09% annualized in Q2 2026, against a 1.27% median for 481 U.S. banks with half to twice its assets, ahead of 35% of them.
What is 1st Security Bank of Washington's efficiency ratio?
63.06% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 58.58%, and lower is better.
Is 1st Security Bank of Washington growing its loans?
Net loans grew 0.9% over the year to Q2 2026, while deposits shrank 4.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Washington bank ranked.