Washington First International Bank
Seattle, WA · Owner: Washington 1st Finl Group Inc
$521M
total assets, March 31, 2010
$521M
total assets, March 31, 2010
Washington First International Bank was a state nonmember bank in Seattle, WA, owned by Washington 1st Finl Group Inc. It failed on Jun 11, 2010, and East West Bank took over its deposits. At its last report it held $520.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Jun 11, 2010
- Assets
- $521M
- Deposits
- $441M
- Estimated cost
- $95.2M
- Deposits went to
- East West Bank, Pasadena, CA
Total assets
$521M
-21.1% in a year · -5.0% in a quarter
Deposits
$441M
-16.9% in a year · -7.6% in a quarter
Loans
$417M
-20.7% in a year · -2.2% in a quarter
Profit so far
-$4.7M
Jan 1 to Mar 31, 2010
Capital ratio
1.80%
-6.88 pts in a year
Return on assets
-3.49%
+2.54 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9709 Third Avenue, N.E. Suite 110, Seattle, WA, 98115
- County
- King
- Holding company
- Washington 1st Finl Group Inc
- Established
- May 15, 1990
- Failed
- Jun 11, 2010
- Employees
- 70
- Branches
- 4
- Id
- b32955
Quarter by quarter
June 30, 1990 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Washington First International Bank?
$520.9 million in total assets and $441.4 million in deposits as of March 31, 2010, with assets down 21.1% from a year before. Its loans were $416.9 million.
How many branches does Washington First International Bank have?
4 branches in Washington as of June 30, 2026.
Is Washington First International Bank profitable?
No: it lost $4.67 million from January 1 to March 31, 2010. Its return on assets was -3.49% a year; about 1% is typical.
Who owns Washington First International Bank?
Washington First International Bank is owned by Washington 1st Finl Group Inc, its holding company.
When did Washington First International Bank fail?
Jun 11, 2010. East West Bank of Pasadena, CA took over its deposits. The estimated cost of the failure was $95.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.