RANKING ·
Lowest cost of deposits in Washington
25 of 29 banks in Washington that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Cost of all deposits, annualized for the quarter | Total assets |
|---|---|---|---|---|
| 1 | Baker Boyer National Bank | Walla Walla, WA | 0.82% | $693 million |
| 2 | Bank of the Pacific | Aberdeen, WA | 1.01% | $1.3 billion |
| 3 | Washington Trust Bank | Spokane, WA | 1.05% | $10.5 billion |
| 4 | Heritage Bank | Olympia, WA | 1.20% | $8.4 billion |
| 5 | Peoples Bank | Bellingham, WA | 1.31% | $2.4 billion |
| 6 | Banner Bank | Walla Walla, WA | 1.32% | $16.6 billion |
| 7 | Commencement Bank | Tacoma, WA | 1.37% | $740 million |
| 8 | Riverview Bank | Vancouver, WA | 1.39% | $1.5 billion |
| 9 | Cashmere Valley Bank | Cashmere, WA | 1.49% | $2.3 billion |
| 10 | Portage Bank | Bellevue, WA | 1.68% | $116 million |
| 11 | Olympia Federal Savings and Loan Association | Olympia, WA | 1.72% | $1.0 billion |
| 12 | Timberland Bank | Hoquiam, WA | 1.77% | $2.1 billion |
| 13 | Riverbank | Spokane, WA | 1.98% | $310 million |
| 14 | Twin City Bank | Longview, WA | 1.99% | $151 million |
| 15 | First Fed Bank | Port Angeles, WA | 2.00% | $2.1 billion |
| 16 | Yakima Federal Savings and Loan Association | Yakima, WA | 2.02% | $2.0 billion |
| 17 | Sound Community Bank | Seattle, WA | 2.09% | $1.1 billion |
| 18 | 1st Security Bank of Washington | Mountlake Terrac, WA | 2.18% | $3.2 billion |
| 19 | Liberty Bank | Poulsbo, WA | 2.18% | $206 million |
| 20 | Coastal Community Bank | Everett, WA | 2.28% | $5.5 billion |
| 21 | Wafd Bank | Seattle, WA | 2.33% | $27.6 billion |
| 22 | Mountain Pacific Bank | Everett, WA | 2.43% | $896 million |
| 23 | Unibank | Lynnwood, WA | 3.00% | $393 million |
| 24 | Pacific Crest Bank | Lynnwood, WA | 3.38% | $318 million |
| 25 | Seattle Bank | Seattle, WA | 3.40% | $891 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings