Bank · FDIC insured
First Fed Bank
Top CarrotA $2.1B bank headquartered in Port Angeles, WA, with 11 branches in Washington. Best rates: CDs 4.20% and savings 2.75% APY.
First Fed Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 83% of U.S. banks and credit unions
#1 of 11 in Port Angeles, WA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Fed Bank
Founded in 1923 as Lincoln Savings and Loan, First Fed is a community bank headquartered on the North Olympic Peninsula in Washington.
First Fed operates 15 locations across Clallam, Jefferson, King, Kitsap, and Whatcom counties as a subsidiary of First Northwest Bancorp (FNWB).
- Headquarters
- 105 W 8th St, Port Angeles, WA 98362
- FDIC certificate
- 28405 ↗
Branches
11 branches in Washington
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Washington
11 branches
Port Angeles area · 5
- Forks Branch131 Calawah Way, Forks, WA 98331Directions
- Eastside Branch-Main Deposit Office1603 E 1st St, Port Angeles, WA 98362Directions
- Sixth Street Branch227 E 6th St, Port Angeles, WA 98362Directions
- Sequim Avenue Branch333 N Sequim Ave, Sequim, WA 98382Directions
- Sequim Village Branch1201 W Washington St, Sequim, WA 98382Directions
Bellingham area · 3
- Bellingham Branch1270 Barkley Blvd, Bellingham, WA 98226Directions
- Fairhaven Branch1215 12th St Ste 105, Bellingham, WA 98225Directions
- Ferndale Branch1860 Main St, Ferndale, WA 98248Directions
Bremerton area · 2
- Bainbridge Island323 High School Rd Ne, Bainbridge Island, WA 98110Directions
- Silverdale Branch3035 Nw Bucklin Hill Rd, Silverdale, WA 98383Directions
Port Townsend area · 1
- Port Townsend Branch1321 W Sims Way, Port Townsend, WA 98368Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.64% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 1.28% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.20% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $100 | $88 | — |
- CapitalLeverage ratio9.64%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent1.28%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.20%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$100Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Fed Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.