Mountlake Terrace-based 1st Security Bank, was named to the 2014 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, Deposit Growth, and Capitalization.
Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States — more than 6,500 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. (In 2013, DepositAccounts’ health formula correctly pegged 100 percent of the bank failures as being in the bottom 2.5 percent (1 star rating) of all banks prior to their failures). From the list of 6,500 banks, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2014 edition of the Top 200 Healthiest Banks in America…
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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Typo above: Last sentence says UniBank, should read: “A more detailed breakdown of 1st Security’s score…”
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