Applications / Mortgage Analytics / Lenders / Washington / 1st Security Bank of Washington
Mountlake Terrace, WA · Savings institution · FDIC · $3.2 billion assets · 1,591 loans in 2025
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1,591
loans originated, 2025
2,282
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
1st Security Bank of Washington is a Washington savings institution set apart from similar lenders by its FHA (insured by the Federal Housing Administration), VA and manufactured-home lending, and it ranked fourth in Kennewick-Richland, where its share rose to 6.2%.
FHA loans (insured by the Federal Housing Administration) were 16.4% of its originations, against 1.2% at similar lenders (savings institutions making between half and twice as many loans), up from 3.5% five years before. VA loans (guaranteed by the Department of Veterans Affairs) were 5.3%, against 0.1%. Manufactured homes were 9.7% of its loans, the highest share among its peers.
Its higher-priced share (a rate well above the average for similar loans) was 7.9%, against 0.2% at peers. Manufactured-home loans, 9.7% of its lending, and FHA loans are often priced this way, which could account for most of the difference.
It ranked 4 of 281 lenders in Kennewick-Richland, where it has lent since 2003, behind United Wholesale Mortgage, CMG Mortgage and Gesa Credit Union; its share rose 0.9 points to 6.2%.
Originations rose 5% to 1,591, against 10% at similar lenders and for the whole market; they were 5,066 in 2020. Its typical loan, $405,000, was the largest among its peers, against $215,000. LMI (low- and moderate-income) borrowers took 18.2% of its loans, lower than more than four in five peers (25.7%), while LMI areas took 15.2%, against 12.8%; its larger loans are one possible reason for the lower borrower share.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 1st Security Bank of Washington took 2,282 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.7% · Refinance 14.5% · Home improvement 4.9% · Other 4.8%
Conventional 78.3% · FHA 16.4% · VA 5.3% · of 1,591 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 1,432 | 90.0% |
| Oregon | 99 | 6.2% |
| Idaho | 27 | 1.7% |
| Arizona | 20 | 1.3% |
| California | 8 | 0.5% |
| Montana | 2 | 0.1% |
| Nevada | 2 | 0.1% |
| Colorado | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Kennewick-Richland | 365 |
| Seattle-Bellevue-Kent | 312 |
| Tacoma-Lakewood | 126 |
| Everett | 125 |
| Portland-Vancouver-Hillsboro | 75 |
| Bremerton-Silverdale-Port Orchard | 66 |
| Olympia-Lacey-Tumwater | 47 |
| Yakima | 38 |
| Phoenix-Mesa-Chandler | 18 |
| Boise City | 17 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003T5D4N1CM46J77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1018927 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 357633 | 2004–2017 |
Established 1 April 2004. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: 1st Security Bank of Washington's data.
1st Security Bank of Washington's data
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1st Security Bank of Washington and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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