Bank · FDIC insured
Seattle Bank
Top CarrotA $891.4M bank headquartered in Seattle, WA, with 1 branch in Washington. Best rates: CDs 4.15% and savings 3.40% APY.
Seattle Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 85% of U.S. banks and credit unions
#7 of 62 in Seattle, WA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Seattle Bank
Seattle Bank originated as Seattle Mortgage Company, a family-owned mortgage business founded in the 1940s, before expanding into traditional branch banking in the early 2000s.
A wholly owned subsidiary of Seattle Bancshares, Inc., the boutique bank offers personal and business banking alongside partner banking services for fintechs and brands.
- Headquarters
- 401 Union Street, Seattle, WA 98101
- FDIC certificate
- 35139 ↗
Branches
1 branch in Washington
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Washington
1 branch
- Seattle BankMain office401 Union Street, Seattle, WA 98101Directions
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 | 10.29% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 2.81% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.98% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $94 | $81 | — |
- CapitalLeverage ratio10.29%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent2.81%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.98%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 Seattle Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.