Bank · FDIC insured
Portage Bank
A $116.2M bank headquartered in Bellevue, WA, with 2 branches in 2 states. Best rates: savings 2.27% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: no rates found on its website.
- Savings892.53%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Portage Bank
Founded in 1901 as The State Bank of Ceylon, Portage Bank is headquartered in Bellevue, Washington.
In 2019, following nearly 117 years of operations, the bank was acquired by a small group of investors.
- Headquarters
- 880 108th Avenue Ne, Bellevue, WA 98004
- FDIC certificate
- 8197 ↗
Branches
2 branches in 2 states
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Minnesota
1 branch
- Portage Branch104 W Main St, Ceylon, MN 56121Directions
Washington
1 branch
- Portage BankMain office880 108th Avenue Ne, Bellevue, WA 98004Directions
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 | 7.49% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.13% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.69% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $94 | $81 | — |
- CapitalLeverage ratio7.49%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.13%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.69%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$94Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 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 Portage Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.