Banks | First Fed Bank

First Fed Bank


First Fed Bank is an FDIC insured institution headquartered at 105 W 8th St, Port Angeles, WA 98362.
It was founded in 1923 and has approximately $2 billion in assets. Customers can open an account at one of its 11 branches.

Deposit Rates - December 22, 2024

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24 Mo CD
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Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28405
Date Established 1923
Assets $ 2.21 billion
Loans $ 1,679.58 million
Deposits $ 1,713.39 million
Capital $ 182.35 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 83.18 million
Interest-bearing balances $ 64.00 million
Total securities $ 306.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,679.58 million
Loan loss allowance $ 21.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.82 million
All other assets $ 85.05 million
     Total Assets $ 2.02 billion

LIABILITIES
Total deposits $ 1,713.39 million
      Interest-bearing deposits $ 1,429.56 million
      Deposits held in domestic offices $ 1,713.39 million
      % insured (estimated) 76.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 210.97 million
Subordinated debt N.A.
All other liabilities $ 24.46 millionn
      Total Liabilities $ 2.02 billion
      Shareholders’ Equity $ 182.35 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 55.94 million
Total Interest Expense $ 26.70 million
Net interest income $ 29.24 million
Provision for loan and lease losses $ 5.21 million
Total non interest income $ 11.08 million
Total non interest expense $ 29.29 million
Pre-tax Net Operating Income $ 8.82 million

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