Applications / Mortgage Analytics / Lenders / Washington / First Federal Bank
Port Angeles, WA · State non-member bank · FDIC · $2.1 billion assets · 177 loans in 2025
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177
loans originated, 2025
272
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Federal Bank, a Washington state non-member bank, makes bigger loans than most similar lenders and buys loans as well, which few of them do. Its 177 loans in 2025 were spread across 8 metros in the state.
Its typical loan was $275,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans). Jumbo loans (larger than the conforming limit) were 8.7% of its lending, against 1.4%. It also bought 92 loans, down from 228 in 2024, while the typical similar lender bought none.
Purchases were 44.6% of its loans, refinances 28.2% and home improvement 14.7%. Manufactured homes took 12.4%, against 2.8% at similar lenders. Loans guaranteed by the Department of Veterans Affairs (VA) were 2.8% and those guaranteed by the Department of Agriculture's Rural Housing Service (RHS) 1.7%; the typical peer made neither.
It made 177 loans, up 6%, against 10% at similar lenders and in the whole market, which puts it near the middle of its peers. That is far below the 1,041 it made in 2020, though up from 167 in 2024.
In Yakima its share rose 1.0 points to 1.0%, ranking it 19 of 216; CMG Mortgage leads there. In Bellingham it rose 0.3 points to 0.7%, a rank of 29 of 256. It ranks 41 of 440 in non-metro Washington.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Federal Bank took 272 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 44.6% · Refinance 28.2% · Home improvement 14.7% · Other 12.4%
Conventional 95.5% · VA 2.8% · USDA (RHS or FSA) 1.7% · of 177 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 | 177 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Bellingham | 22 |
| Bremerton-Silverdale-Port Orchard | 13 |
| Seattle-Bellevue-Kent | 13 |
| Kennewick-Richland | 4 |
| Mount Vernon-Anacortes | 4 |
| Tacoma-Lakewood | 4 |
| Everett | 3 |
| Yakima | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XW2H531FLD3I90 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 403179 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 328405 | 2013–2017 |
Established 1 January 1923. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: First Federal Bank's data.
First Federal Bank's data
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