1st Security Bank named one of the top 200 Healthiest Banks in America

1st-security-bank-of-washingtonMountlake Terrace-based 1st Security Bank, was named to the 2015 edition of the Top 200 Healthiest Banks in America by DepositAccounts.1st Security Bank was ranked 182nd.

The bank stood out in all of the primary evaluation categories, including Texas Ratio (determined by comparing the total value of at risk loans to the total value of funds the bank has on hand to cover these loans), deposit growth, and capitalization.

Deposit Accounts uses its own proprietary formula to assess the financial health of all federally insured banks and credit unions in the United States. Each institution is graded on a number of factors, including Texas Ratio, capitalization and deposit growth

A more detailed breakdown of 1st Security Bank’s score may be found in the health section of its dedicated bank page at https://www.depositaccounts.com/banks/1st-security-bank-of-washington.html

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