1st Security Bank Of Washington Mortgage Rates, Fees & Info

Mountlake Terrace, WA

LEI: 5493003T5D4N1CM46J77

Tax ID: 91-0459933

2.8 stars - out of 5 stars, based on 61 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

1st Security Bank Of Washington is a small bank specializing in Home Purchase and Refi loans. 1st Security Bank Of Washington has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Seattle, Kennewick, Bremerton, Phoenix, and Olympia among others. 1st Security Bank Of Washington has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st Security Bank Of Washington is typically a high fee lendor.


Originations

3,671

Origination Dollar Volume (All Markets)

$1,634,445,000

Employee count

536

Awards

1st Security Bank of Washington FHA Loans bronze 1st Security Bank of Washington 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

1st Security Bank Of Washington's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

1st Security Bank Of Washington's average total fees for a 30 year fixed rate mortgage are $7,024.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2,050 $1,062,700,000 $518,390 $7,498 3.06%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 554 $187,790,000 $338,971 $5,377 3.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 250 $90,250,000 $361,000 $6,840 3.07%
Outside of Metro Areas 119 $34,805,000 $292,479 $6,463 3.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 37 $31,715,000 $857,162 $6,775 3.27%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 88 $29,340,000 $333,409 $6,880 3.25%
Aberdeen, WA (FHA|USDA|VA) 95 $19,045,000 $200,474 $5,201 3.11%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 40 $16,850,000 $421,250 $9,457 3.50%
Oak Harbor, WA (FHA|USDA|VA) 34 $15,540,000 $457,059 $7,912 3.29%
Centralia, WA (FHA|USDA|VA) 30 $12,640,000 $421,333 $7,619 3.40%
Shelton, WA (FHA|USDA|VA) 44 $12,450,000 $282,955 $6,482 3.16%
BELLINGHAM, WA (FHA|USDA|VA) 23 $9,775,000 $425,000 $7,952 3.26%
WENATCHEE, WA (FHA|USDA|VA) 19 $9,515,000 $500,789 $7,677 3.04%
Port Angeles, WA (FHA|USDA|VA) 30 $8,660,000 $288,667 $5,419 3.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 16 $7,710,000 $481,875 $7,288 3.32%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 21 $7,185,000 $342,143 $4,751 3.02%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 21 $6,585,000 $313,571 $8,598 3.63%
Ellensburg, WA (FHA|USDA|VA) 14 $6,380,000 $455,714 $4,702 3.21%
YAKIMA, WA (FHA|USDA|VA) 19 $5,905,000 $310,789 $9,508 3.28%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,970,000 $621,250 $8,655 2.94%
Outside of Metro Areas 12 $4,120,000 $343,333 $9,070 3.51%
Moses Lake, WA (FHA|USDA|VA) 16 $3,850,000 $240,625 $6,994 3.23%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $3,325,000 $1,108,333 $10,533 2.54%
WALLA WALLA, WA (FHA|USDA|VA) 11 $3,285,000 $298,636 $6,110 3.27%
LONGVIEW, WA (FHA|USDA|VA) 9 $3,005,000 $333,889 $11,009 3.22%
Hailey, ID (FHA|USDA|VA) 2 $2,930,000 $1,465,000 $15,831 3.50%
BOISE CITY, ID (FHA|USDA|VA) 7 $2,875,000 $410,714 $7,453 3.29%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,505,000 $835,000 $5,854 2.88%
BEND, OR (FHA|USDA|VA) 9 $2,465,000 $273,889 $8,010 3.44%
ALBANY-LEBANON, OR (FHA|USDA|VA) 7 $1,935,000 $276,429 $14,485 3.84%
Newport, OR (FHA|USDA|VA) 8 $1,790,000 $223,750 $11,477 4.23%
Hermiston-Pendleton, OR (FHA|USDA|VA) 6 $1,760,000 $293,333 $6,106 2.96%
TUCSON, AZ (FHA|USDA|VA) 5 $1,635,000 $327,000 $7,493 2.78%
SALEM, OR (FHA|USDA|VA) 6 $1,600,000 $266,667 $10,182 3.71%
Astoria, OR (FHA|USDA|VA) 3 $1,355,000 $451,667 $18,583 3.50%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $1,230,000 $307,500 $11,652 3.25%
Prineville, OR (FHA|USDA|VA) 4 $990,000 $247,500 $6,929 3.41%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $985,000 $328,333 $5,511 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $950,000 $475,000 $9,064 3.25%
Roseburg, OR (FHA|USDA|VA) 3 $905,000 $301,667 $18,413 4.21%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $890,000 $445,000 $3,348 2.81%
Klamath Falls, OR (FHA|USDA|VA) 4 $820,000 $205,000 $13,442 4.06%
Pullman, WA (FHA|USDA|VA) 3 $795,000 $265,000 $7,336 3.54%
Kalispell, MT (FHA|USDA|VA) 2 $760,000 $380,000 $8,689 3.25%
Brookings, OR (FHA|USDA|VA) 2 $640,000 $320,000 $4,528 3.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $625,000 $625,000 $9,510 3.13%
Coos Bay, OR (FHA|USDA|VA) 2 $590,000 $295,000 $16,589 3.44%
Red Bluff, CA (FHA|USDA|VA) 1 $585,000 $585,000 $13,020 3.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $8,644 3.25%
REDDING, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,995 3.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $510,000 $255,000 $4,278 2.81%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $460,000 $230,000 $4,286 2.94%
Bozeman, MT (FHA|USDA|VA) 1 $455,000 $455,000 $6,751 2.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $405,000 $405,000 $8,106 3.38%
Helena, MT (FHA|USDA|VA) 1 $355,000 $355,000 $2,962 2.63%
Moscow, ID (FHA|USDA|VA) 1 $345,000 $345,000 $2,425 3.00%
TWIN FALLS, ID (FHA|USDA|VA) 1 $315,000 $315,000 $8,914 3.13%
Othello, WA (FHA|USDA|VA) 1 $285,000 $285,000 $8,369 3.88%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,400 3.38%
Sandpoint, ID (FHA|USDA|VA) 1 $225,000 $225,000 $8,517 3.88%
The Dalles, OR (FHA|USDA|VA) 1 $175,000 $175,000 $6,561 2.88%
La Grande, OR (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.75%
MEDFORD, OR (FHA|USDA|VA) 1 $175,000 $175,000 $3,378 3.38%
MADERA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,913 3.38%
CORVALLIS, OR (FHA|USDA|VA) 1 $125,000 $125,000 $3,120 3.38%

1st Security Bank Of Washington's top markets include Seattle, Kennewick, Bremerton, Phoenix, and Olympia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,280 $1,478,910,000 $450,887 $6,456 3.13%
VA 194 $87,220,000 $449,588 $9,466 2.73%
FHA 191 $66,375,000 $347,513 $14,103 3.26%
USDA 6 $1,940,000 $323,333 $8,703 2.83%

For the 2021 period, 1st Security Bank Of Washington's most frequently originated loan type of loans were Conventional, with 3,280 originations. Their 2nd most popular type is VA, with 194 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,858 $942,770,000 $507,411 $8,801 3.19%
Refi 1,066 $430,760,000 $404,090 $4,969 2.94%
Cash Out Refi 707 $247,575,000 $350,177 $5,662 3.16%
Other 26 $9,290,000 $357,308 $5,988 3.28%
Home Improvement 14 $4,050,000 $289,286 $5,026 3.38%

For the 2021, 1st Security Bank Of Washington's most frequently cited loan purpose of loans were Home Purchase, with 1,858 originations. The 2nd most popular reason of loans were Refi, with 1,066 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,020 $1,346,270,000 $445,785 $7,024 3.11%
15 Year 296 $84,790,000 $286,453 $4,708 2.53%
30+ year 169 $62,005,000 $366,893 $13,776 4.13%
20 Year 122 $34,670,000 $284,180 $4,461 3.01%
10 Year 42 $94,160,000 $2,241,905 $3,947 3.57%
Other 18 $7,080,000 $393,333 $4,243 3.17%
3 Year 4 $5,470,000 $1,367,500 $0 4.38%

For the 2021, 1st Security Bank Of Washington's most frequently cited loan length of loans were 30 Year, with 3,020 originations. The 2nd most popular length of loans were 15 Year, with 296 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,443 $554,905,000 $384,550
$5k+ 843 $502,065,000 $595,569
$3k-4k 662 $244,830,000 $369,834
$2k-3k 442 $156,690,000 $354,502
$<1k 4 $370,000 $92,500

$7,024 of loans were 1st Security Bank Of Washington's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,443 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,706 $780,750,000 $457,649
2.5-3% 1,457 $641,425,000 $440,237
<2.5% 329 $132,205,000 $401,839
4-5% 175 $79,075,000 $451,857
5-6% 3 $735,000 $245,000
6-7% 1 $255,000 $255,000

During 2021, 1st Security Bank Of Washington's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 3-4%, with 1,706 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,568 $471,150,000 $300,478 $5,893 3.16%
$400k-600k 1,086 $528,140,000 $486,317 $7,662 3.09%
$600k-1MM 451 $330,265,000 $732,295 $10,144 3.06%
$100k-200k 400 $63,160,000 $157,900 $4,248 3.09%
$1MM+ 129 $238,735,000 $1,850,659 $14,997 3.12%
$100,000 or less 37 $2,995,000 $80,946 $3,055 2.93%

2021 saw 1st Security Bank Of Washington place emphasis on $200k-400k loans with 1,568 originations, totaling $471,150,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 947 $385,115,000 $406,668 $6,987 3.10%
$150k-250k 774 $401,850,000 $519,186 $7,556 3.06%
$75k-100k 621 $210,725,000 $339,332 $6,212 3.17%
$50k-75k 609 $172,855,000 $283,834 $6,392 3.15%
$250k+ 395 $292,675,000 $740,949 $10,579 3.10%
$50k or less 202 $37,170,000 $184,010 $4,960 3.11%

1st Security Bank Of Washington lent most frequently to those with incomes in the $100k-150k range, with 947 originations. The second most popular income band? $150k-250k, with 774 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 843 $359,505,000 $426,459 $6,532 3.03%
30-36% 714 $316,180,000 $442,829 $7,153 3.08%
<20% 279 $107,685,000 $385,968 $5,888 2.98%
41% 165 $77,165,000 $467,667 $8,090 3.25%
44% 161 $62,675,000 $389,286 $6,878 3.24%
39% 144 $70,630,000 $490,486 $8,234 3.18%
40% 143 $60,735,000 $424,720 $6,778 3.16%
43% 142 $53,960,000 $380,000 $7,371 3.24%
42% 136 $58,070,000 $426,985 $7,161 3.19%
36% 132 $57,700,000 $437,121 $6,589 3.12%
38% 131 $60,815,000 $464,237 $7,719 3.18%
37% 130 $51,660,000 $397,385 $6,684 3.20%
49% 101 $38,985,000 $385,990 $7,593 3.08%
46% 99 $39,935,000 $403,384 $8,461 3.17%
47% 97 $38,615,000 $398,093 $8,300 3.14%
48% 90 $31,400,000 $348,889 $7,193 3.17%
45% 76 $29,300,000 $385,526 $7,900 3.17%
50-60% 14 $7,050,000 $503,571 $13,927 2.87%
>60% 2 $380,000 $190,000 $3,113 3.25%

1st Security Bank Of Washington lent most frequently to those with DTI ratios of 20-30%, with 843 originations. The next most common DTI ratio? 30-36%, with 714 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,457 $1,008,115,000 $410,303 $6,858 3.12%
Not provided 771 $328,985,000 $426,699 $7,353 3.09%
Asian 272 $137,160,000 $504,265 $7,768 3.03%
Not applicable 38 $97,830,000 $2,574,474 $0 4.00%
Black 62 $29,930,000 $482,742 $8,170 3.01%
Asian Indian 19 $13,375,000 $703,947 $9,341 2.99%
American Indian 32 $10,870,000 $339,688 $6,382 3.32%
Filipino 5 $2,645,000 $529,000 $10,229 2.63%
Native Hawaiian 7 $2,265,000 $323,571 $4,350 2.96%
Chinese 4 $1,600,000 $400,000 $7,264 2.59%
Japanese 2 $930,000 $465,000 $7,875 2.75%
Other Asian 1 $495,000 $495,000 $15,344 2.25%
Korean 1 $245,000 $245,000 $2,597 3.00%

Approval Rates

Total approvals of all applications
96.61%

1st Security Bank Of Washington has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
81.01%

1st Security Bank Of Washington has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,671 $1,634,445,000 $445,232

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,671 $1,634,445,000 $445,232

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 274 $66,070,000 $241,131 $4,527 2.88%
40-60% 803 $307,325,000 $382,721 $5,305 3.03%
60-80% 1,408 $700,150,000 $497,266 $6,981 3.19%
80-100% 1,124 $545,020,000 $484,893 $8,734 3.14%
Over 100% 25 $11,285,000 $451,400 $18,474 2.74%
Under 20% 37 $4,595,000 $124,189 $2,729 3.30%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
1st Security Bank of Washington 10 Oak Bay Rd Hadlock, WA 98339 Full Service B&M $75,032
1st Security Bank of Washington 614 Broadway East Seattle, WA 98102 Full Service B&M $103,157
1st Security Bank of Washington 620 Edmonds Way Edmonds, WA 98020 Full Service B&M $101,358
1st Security Bank of Washington 649 Woodland Square Loop Southeast Lacey, WA 98503 Full Service B&M $55,077
1st Security Bank of Washington 6920 220th Street Sw, Suite 300 Mountlake Terrace, WA 98043 Full Service B&M $590,063
1st Security Bank of Washington 698 Ocean Shores Boulevard Ocean Shores, WA 98569 Full Service B&M $38,967
1st Security Bank of Washington 734 Water Street Port Townsend, WA 98368 Full Service B&M $90,516
1st Security Bank of Washington Montesano And Washington Westport, WA 98595 Full Service B&M $46,910
1st Security Bank of Washington Third And Eaton Streets Elma, WA 98541 Full Service B&M $32,525
1st Security Bank of Washington 10574 Silverdale Way Nw Silverdale, WA 98383 Full Service B&M $15,226
1st Security Bank of Washington 114 South Sequim Avenue Sequim, WA 98382 Full Service B&M $116,514
1st Security Bank of Washington 120 North Broadway Aberdeen, WA 98520 Full Service B&M $91,731
1st Security Bank of Washington 134 West Eighth Street Port Angeles, WA 98362 Full Service B&M $100,882
1st Security Bank of Washington 14808 Ne 24th Street Suite D Redmond, WA 98052 Full Service B&M $81,276
1st Security Bank of Washington 15224 Main Street, Suite 105 Mill Creek, WA 98012 Full Service B&M $37,817
1st Security Bank of Washington 19002 33rd Ave West Lynnwood, WA 98036 Full Service B&M $88,032
1st Security Bank of Washington 211-B Pioneer Avenue East Montesano, WA 98563 Full Service Retail $18,744
1st Security Bank of Washington 21650 Nw Market Place Poulsbo, WA 98370 Full Service B&M $41,697
1st Security Bank of Washington 2610 Harrison Avenue Northwest At Kenyon Olympia, WA 98502 Full Service B&M $35,122
1st Security Bank of Washington 307 W Stewart Street Puyallup, WA 98371 Full Service B&M $70,986
1st Security Bank of Washington 604 South Tower Avenue Centralia, WA 98531 Full Service B&M $34,925
1st Security Bank of Washington 100 West First Street Aberdeen, WA 98520 Limited, Administrative $0
1st Security Bank of Washington 10514 156th Street East Puyallup, WA 98374 Full Service B&M $26,369

For 2021, 1st Security Bank Of Washington had 23 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $95,390
Net interest income $87,400
Total noninterest income $37,925
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,431
Trading account gains and fees $0
Additional Noninterest Income $36,494
Pre-tax net operating income $49,413
Securities gains (or losses, -) $0
Income before extraordinary items $38,986
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $38,986
Minority interest net income $0
Net income $38,986
Sale, conversion, retirement of capital stock, net $0
Net operating income $38,986

1st Security Bank Of Washington's gross interest income from loans was $95,390,000.
1st Security Bank Of Washington's net interest income from loans was $87,400,000.
1st Security Bank Of Washington's fee based income from loans was $1,431,000.
1st Security Bank Of Washington's net income from loans was $38,986,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $7,990
Provision for credit losses $500
Total noninterest expense $75,412
Salaries and employee benefits $49,721
Premises and equipment expense $6,390
Additional noninterest expense $19,301
Applicable income taxes $10,427
Net charge-offs $1,037
Cash dividends $9,800

1st Security Bank Of Washington's interest expense for loans was $7,990,000.
1st Security Bank Of Washington's payroll and benefits expense were $49,721,000.
1st Security Bank Of Washington's property, plant and equipment expenses $6,390,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 2.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,943,638
Deposits held in domestic offices $1,943,638
Deposits by Individuals, partnerships, and corporations $1,883,779
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $46,782
Deposits by Commercial banks and other depository institutions in U.S. $13,076
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $836,664
Demand deposits $487,349
Nontransaction accounts $1,106,973
Money market deposit accounts (MMDAs) $552,367
Other savings deposits (excluding MMDAs) $193,914
Total time deposits $360,691
Total time and savings deposits $1,456,288
Noninterest-bearing deposits $487,349
Interest-bearing deposits $1,456,289
Retail deposits $1,693,558
IRAs and Keogh plan accounts $40,009
Brokered deposits $192,569
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,286,020
Cash & Balances due from depository institutions $36,888
Interest-bearing balances $25,091
Total securities $278,860
Federal funds sold & reverse repurchase $145
Net loans and leases $1,854,386
Loan and leases loss allowance $25,635
Trading account assets $0
Bank premises and fixed assets $30,894
Other real estate owned $0
Goodwill and other intangibles $23,342
All other assets $61,505

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,286,020
Total Liabilities $2,008,630
Total deposits $1,943,638
Interest-bearing deposits $1,456,289
Deposits held in domestic offices $1,943,638
% insured (estimated) $71
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $42,528
Subordinated debt $0
All other liabilities $22,464

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,854,386
Loan and leases loss allowance $25,635
Total loans and leases (domestic) $1,880,021
All real estate loans $1,268,180
Real estate loans in domestic offices $1,268,180
Construction and development loans $242,576
Residential 1-4 family construction $171,276
Other construction, all land development and other land $71,300
Loans secured by nonfarm nonresidential properties $284,839
Nonfarm nonresidential secured by owner-occupied properties $107,703
Commercial real estate & other non-farm, non-residential $177,136
Multifamily residential real estate $180,839
1-4 family residential loans $559,887
Farmland loans $39
Loans held in foreign offices $0
Farm loans $52
Commercial and industrial loans $159,489
To non-U.S. addressees $0
Loans to individuals $423,793
Credit card loans $892
Related Plans $1,073
Consumer Auto Loans $469
Other loans to individuals $421,359
All other loans & leases $33,357
Loans to foreign governments and official institutions $0
Other loans $33,357
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $27,084
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

1st Security Bank of Washington had $1,854,386,000 of loans outstanding in 2021. $1,268,180,000 of loans were in real estate loans. $242,576,000 of loans were in development loans. $180,839,000 of loans were in multifamily mortgage loans. $559,887,000 of loans were in 1-4 family mortgage loans. $52,000 of loans were in farm loans. $892,000 of loans were in credit card loans. $469,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 124 $46,911 $378,315
Nonfarm, nonresidential loans - <$100k 5 $361 $72,200
Nonfarm, nonresidential loans - $100-250k 29 $3,724 $128,414
Nonfarm, nonresidential loans - $250k-1MM 90 $42,826 $475,844
Commercial & Industrial, US addressed loans - <$1MM 313 $48,663 $155,473
Commercial & Industrial, US addressed loans - <$100k 126 $3,622 $28,746
Commercial & Industrial, US addressed loans - $100-250k 73 $9,010 $123,425
Commercial & Industrial, US addressed loans - $250k-1MM 114 $36,031 $316,061
Farmland loans - <$1MM 1 $39 $39,000
Farmland loans - <$100k 1 $39 $39,000
Agriculture operations loans - <$1MM 1 $52 $52,000
Agriculture operations loans - <$100k 1 $52 $52,000