Bank · FDIC insured
WaFd Bank
A $27.6B bank, the 79th largest of 4,207, headquartered in Seattle, WA, with 210 branches in 9 states. Best rates: CDs 4.10% and savings 3.82% APY.
WaFd Bank Carrot Score
83
Carrot Score
Higher than 61% of U.S. banks and credit unions
#18 of 62 in Seattle, WA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About WaFd Bank
Founded in 1917 as Ballard Savings and Loan Association in a community north of Seattle, Washington, WaFd Bank is headquartered in Seattle, Washington.
The bank is owned by its parent company, WaFd, Inc.
WaFd Bank operates more than 200 branches across nine western states: Arizona, California, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.
The bank provides personal, business, and commercial banking services, and is an SBA Preferred lender.
- Headquarters
- 425 Pike St, Seattle, WA 98101
- FDIC certificate
- 28088 ↗
Branches
210 branches in 9 states
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Washington
75 branchesOregon
36 branchesArizona
28 branchesIdaho
21 branchesNew Mexico
18 branches
Albuquerque area · 4
- Albuquerque Plaza Branch201 3rd St Nw, Albuquerque, NM 87102Directions
- Eubank Branch3000 Eubank Blvd Ne, Albuquerque, NM 87111Directions
- Osuna Branch4400 Osuna Rd Ne, Albuquerque, NM 87109Directions
- Rio Rancho Branch4090 Sabana Grande Ave Se, Rio Rancho, NM 87124Directions
Española area · 2
- Chama Branch541 Terrace Ave, Chama, NM 87520Directions
- Rio Arriba Main Branch1124 N Riverside Dr, Española, NM 87532Directions
Santa Fe area · 2
- Downtown Santa Fe Branch208 Washington Ave, Santa Fe, NM 87501Directions
- Saint Michael'S Branch809 Saint Michaels Dr, Santa Fe, NM 87505Directions
Alamogordo area · 1
- Alamogordo Branch300 1st St, Alamogordo, NM 88310Directions
Clovis area · 1
- Prince Street Branch2720 N Prince St, Clovis, NM 88101Directions
Farmington area · 1
- Farmington Branch1501 San Juan Blvd, Farmington, NM 87401Directions
Gallup area · 1
- Galllup Branch221 W Aztec Ave, Gallup, NM 87301Directions
Hobbs area · 1
- Hobbs Main Branch325 E Bender Blvd, Hobbs, NM 88240Directions
Las Cruces area · 1
- Amador Branch301 W Amador Ave, Las Cruces, NM 88005Directions
Roswell area · 1
- Roswell Branch300 N Pennsylvania Ave, Roswell, NM 88201Directions
Ruidoso area · 1
- Ruidoso Branch398 Sudderth Dr, Ruidoso, NM 88345Directions
Silver City area · 1
- Silver City Branch1301 N Hudson St., Silver City, NM 88061Directions
Socorro area · 1
- Socorro Banking Center Branch201 Plaza St, Socorro, NM 87801Directions
California
10 branchesUtah
9 branchesNevada
8 branchesTexas
5 branchesWalk-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 | 9.21% | 9.97% | 10.85% or more |
| Troubled loansNoncurrent | 0.63% | 0.70% | 0.47% or less |
| ProfitabilityReturn on assets | 0.99% | 1.23% | 1.55% or more |
| LendingLoans per $100 deposited | $96 | $85 | — |
- CapitalLeverage ratio9.21%Peers’ middle 9.97% · Top 25% 10.85%+
- Troubled loansNoncurrent0.63%Peers’ middle 0.70% · Top 25% ≤0.47%
- ProfitabilityReturn on assets0.99%Peers’ middle 1.23% · Top 25% 1.55%+
- LendingLoans per $100 deposited$96Peers’ middle $85
Compared with the 164 banks with $10 billion or more 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 WaFd Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.