First Fed Bank
Port Angeles, WA
IDRSSD: 403179
Total Assets
$2.10B
Latest filing
Total Deposits
$1.67B
Latest filing
Net Interest Margin
3.05%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
First Fed Bank
105 W 8th St
Port Angeles, WA 98362
Limited Service - Administrative
Updated 11/14/2025Established 01/01/1923FDIC Certificate 41239
Branches (14)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| First Fed Bank (Main) | 105 W 8th St | Port Angeles, WA |
| SEQUIM AVENUE BRANCH | 333 N Sequim Ave | Sequim, WA |
| EASTSIDE BRANCH-MAIN DEPOSIT OFFICE | 1603 E 1st St | Port Angeles, WA |
| SIXTH STREET BRANCH | 227 E 6th St | Port Angeles, WA |
| SEQUIM VILLAGE BRANCH | 1201 W Washington St | Sequim, WA |
| FORKS BRANCH | 131 Calawah Way | Forks, WA |
| DOWNTOWN BRANCH | 141 W 1st St | Port Angeles, WA |
| PORT TOWNSEND BRANCH | 1321 W Sims Way | Port Townsend, WA |
Showing 7 of 14
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1923 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 98362 |
| State and County Number | 53009 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 12 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | San Francisco |
| Core Based Statistical Area Name | Port Angeles, WA |
Operational Info
| Number of Employees | 236 |
| Domestic Offices | 15 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 07/01/2023 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.ourfirstfed.com |
| Data Updated | 11/14/2025 |
| CERT | 28405 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $2.10B |
| Total Deposits | $1.67B |
| Total Liabilities | $1.92B |
| Total Equity Capital | $178.38M |
| Net Income | $1.67M |
| Net Loans and Leases | $1.61B |
| Assets Per Employee ($Millions) | $8.75M |
| Bank Premises and Fixed Assets | $24.24M |
| Cash and Balances due from Depository Institutions | $79.17M |
| Deposits Held in Domestic Offices | $1.67B |
Key Performance Ratios
| Return on Assets (ROA) | 0.31% |
| Return on Equity (ROE) | 3.79% |
| Net Interest Margin | 3.05% |
| Efficiency Ratio | 98.4% |
| Tier 1 Risk-Based Capital Ratio | 12.646% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.13% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.492% |
| Earning Assets to total Assets | 93.14% |
Income and Expense
| Total Interest Income | $26.93M |
| Total Noninterest Income | $1.97M |
| Total Interest Expense | $11.79M |
| Total Noninterest Expense | $16.84M |
| Net Interest Income | $15.14M |
| Pre-tax Net Operating Income | $946.00k |
| Provision for Credit Losses | $-673,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $1.38M |
| Other borrowed funds | $217.07M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $37.02M |
| Total Liabilities and Capital | $2.10B |
Securities
| Securities | $282.61M |
| Available-for-sale debt securities | $282.61M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First Fed Bank?
$2.10B as of the latest filing.
How much are First Fed Bank's total deposits?
$1.67B in total deposits.
Where is First Fed Bank located?
Port Angeles, WA.
What is the Net Interest Margin?
3.05%.
How many domestic offices does it operate?
15.
When was it established?
01/01/1923.
What is the Return on Assets (ROA)?
0.31%.
How much are total loans and leases?
$1.61B (latest filing).
What is the total interest income (latest filing)?
$26.93M.