Washington headquartered banks in the ranking hold $34.7 billion in commercial real estate loans, including $5.7 billion in construction and land loans, $8.9 billion in multifamily loans, $8.2 billion in owner occupied loans and $11.9 billion in investor nonfarm nonresidential loans. BestCRE ranks institutions by total CRE loans reported in FDIC Call Reports as of June 30, 2026. The FDIC identifies 28 banks headquartered in Washington, with combined CRE balances up +4.4% year over year. The table presents 25 banks and shows how portfolios differ in size, composition, growth and concentration.
The ranking is a starting point for identifying banks with demonstrated CRE exposure, not a statement about current credit approval or available terms. A larger loan book can indicate greater appetite and hold capacity, while the category mix shows where each institution has been most active. Year over year change identifies banks adding or reducing CRE balances. CRE share of total loans and investor CRE relative to equity provide context on concentration, which can signal that a bank will be selective. Because bank lending is relationship driven and local, borrowers should compare several institutions whose portfolios align with the proposed property and financing request.
Washington banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | WaFd Bank | Seattle, WA | $10,190 | $1,329 | $4,647 | $1,125 | +0.3% | 50.4% |
| 2 | Banner Bank | Walla Walla, WA | $7,532 | $1,697 | $1,032 | $2,501 | +4.1% | 62.7% |
| 3 | Heritage Bank | Olympia, WA | $3,863 | $397 | $529 | $1,225 | +24.8% | 67.2% |
| 4 | Washington Trust Bank | Spokane, WA | $3,536 | $778 | $453 | $1,074 | +4.4% | 47.3% |
| 5 | Coastal Community Bank | Everett, WA | $1,528 | $222 | $362 | $392 | +2.3% | 35.4% |
| 6 | 1st Security Bank of Washington | Mountlake Terrace, WA | $1,064 | $416 | $262 | $185 | +7.7% | 39.5% |
| 7 | Peoples Bank | Bellingham, WA | $1,060 | $76.6 | $227 | $309 | -1.2% | 54.8% |
| 8 | Timberland Bank | Hoquiam, WA | $1,045 | $184 | $215 | $247 | +7.6% | 68.8% |
| 9 | Riverview Bank | Vancouver, WA | $756 | $35.2 | $103 | $165 | +5.6% | 69.1% |
| 10 | First Fed Bank | Port Angeles, WA | $719 | $62.5 | $257 | $135 | -8.6% | 44.5% |
| 11 | Mountain Pacific Bank | Everett, WA | $502 | $88.8 | $42.9 | $167 | +3.1% | 67.5% |
| 12 | Bank of the Pacific | ABERDEEN, WA | $479 | $28.6 | $71.5 | $199 | +0.6% | 62.2% |
| 13 | Sound Community Bank | Seattle, WA | $442 | $78.6 | $165 | $77.9 | +2.9% | 49.5% |
| 14 | Cashmere Valley Bank | Cashmere, WA | $436 | $37.7 | $130 | $46.1 | +10.1% | 42.2% |
| 15 | Commencement Bank | Tacoma, WA | $321 | $22.7 | $39.9 | $120 | +3.8% | 57.7% |
| 16 | Pacific Crest Bank | Lynnwood, WA | $183 | $31.6 | $90.1 | $10.3 | +0.0% | 75.5% |
| 17 | Seattle Bank | Seattle, WA | $182 | $62.1 | $74.0 | $4.6 | -15.2% | 24.7% |
| 18 | UniBank | Lynnwood, WA | $181 | $0.6 | $11.6 | $64.8 | +0.4% | 66.7% |
| 19 | Olympia Federal Savings and Loan Association | Olympia, WA | $174 | $45.0 | $61.4 | $30.7 | -2.7% | 20.2% |
| 20 | RiverBank | Spokane, WA | $145 | $19.8 | $41.1 | $46.2 | -1.8% | 60.7% |
| 21 | Baker-Boyer National Bank | Walla Walla, WA | $143 | $15.6 | $12.0 | $64.2 | -9.1% | 37.0% |
| 22 | Yakima Federal Savings and Loan Association | Yakima, WA | $102 | $20.4 | $67.7 | $6.2 | +10.8% | 11.2% |
| 23 | Liberty Bank | Poulsbo, WA | $64.1 | $8.8 | $8.8 | $27.5 | +30.0% | 38.4% |
| 24 | Portage Bank | Bellevue, WA | $39.2 | $14.6 | $7.8 | $8.9 | +42.1% | 44.7% |
| 25 | Increase Bank | Longview, WA | $28.9 | $1.0 | $1.8 | $11.5 | +30.1% | 46.4% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 25 of 28 banks headquartered in Washington.
WaFd Bank leads with $10.2 billion in CRE loans, including $4.6 billion in multifamily and $3.1 billion in investor nonfarm nonresidential loans. Banner Bank follows with $7.5 billion and has the largest construction and land balance among the leaders at $1.7 billion. Heritage Bank ranks third with $3.9 billion after +24.8% year over year growth, while Washington Trust Bank holds $3.5 billion. Portfolio concentrations vary materially. Riverview Bank reports CRE at 69.1% of loans and investor CRE to equity at 3.53x, while Pacific Crest Bank reports 75.5% and 5.13x. Growth also diverges. Portage Bank increased CRE balances +42.1%, Liberty Bank increased them +30.0% and Increase Bank increased them +30.1%. Seattle Bank declined -15.2%, Baker-Boyer National Bank declined -9.1% and First Fed Bank declined -8.6%. The leading institutions dominate the state total, with the top five holding 76.7% of Washington headquartered bank CRE loans.
Out of state banks with branches in Washington
| Bank | Headquarters state | Branches in Washington | Deposits in Washington ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Bank of America, N.A. | North Carolina | 119 | $41,463 | $79,906 |
| JPMorgan Chase Bank, N.A. | Ohio | 147 | $30,388 | $179,847 |
| U.S. Bank, N.A. | Ohio | 136 | $23,123 | $50,718 |
| Wells Fargo Bank, N.A. | South Dakota | 112 | $21,808 | $121,623 |
| Columbia Bank | Oregon | 106 | $15,658 | $26,361 |
| KeyBank, N.A. | Ohio | 138 | $11,214 | $17,153 |
| East West Bank | California | 4 | $2,456 | $21,796 |
| Glacier Bank | Montana | 27 | $1,733 | $12,859 |
| Mechanics Bank | California | 28 | $1,574 | $7,498 |
| HSBC Bank USA, N.A. | Virginia | 2 | $1,048 | $1,637 |
| Zions Bancorporation, N.A. | Utah | 2 | $996 | $23,684 |
| Cathay Bank | California | 4 | $844 | $9,893 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Washington only; CRE loans are bank wide.
Portfolio size and direction can guide a bank loan search
Start with total CRE loans as an indicator of demonstrated appetite and potential hold capacity. WaFd Bank reports $10.2 billion, Banner Bank reports $7.5 billion and Heritage Bank reports $3.9 billion. A borrower seeking a larger commitment may begin with banks that already maintain substantial portfolios, while smaller requests may fit institutions across the ranking. Portfolio size alone does not establish current availability, approval standards or proposed terms.
Next, compare the property category with the planned transaction and review year over year direction. Growth shows which institutions are adding CRE balances, while contraction shows that balances have declined. CRE share of total loans and investor CRE to equity add concentration context. A concentrated institution may be selective even when its existing book is large. Borrowers should use these measures to form a call list, then confirm current interest directly with each bank because lending decisions remain relationship driven and local.
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The portfolio categories show meaningful differences. WaFd Bank has $4.6 billion in multifamily loans, compared with $1.1 billion in owner occupied loans. Banner Bank reports $2.5 billion in owner occupied loans, $2.3 billion in investor nonfarm nonresidential loans and $1.7 billion in construction and land loans. Heritage Bank has $1.7 billion in investor nonfarm nonresidential loans and $1.2 billion in owner occupied loans. These balances show where each bank has accumulated exposure, without establishing what it will finance next.
Concentration measures provide another screening lens. Pacific Crest Bank has CRE equal to 75.5% of total loans and investor CRE equal to 5.13x equity, both high relative to other banks in the table. Riverview Bank reports 69.1% and 3.53x, while Timberland Bank reports 68.8% and 2.93x. Yakima Federal Savings and Loan Association reports lower measures of 11.2% and 0.17x. Concentration can affect selectivity, so borrowers should consider it alongside portfolio size, mix and recent growth.
Washington borrowers have options beyond headquartered banks
This ranking covers banks headquartered in Washington. Banks based elsewhere can still lend in the state through local branches. By Washington deposits, prominent examples include Bank of America, N.A., with 119 branches and $41.5 billion in state deposits, JPMorgan Chase Bank, N.A., with 147 branches and $30.4 billion, U.S. Bank, N.A., with 136 branches and $23.1 billion, and Wells Fargo Bank, N.A., with 112 branches and $21.8 billion. Their reported CRE totals cover all states, so they are not directly comparable with lending conducted specifically in Washington.
Borrowers may also compare debt funds, life companies, CMBS, agency and SBA lenders. These nonbank sources do not appear in bank call reports and therefore are not included in the ranking. Comparing several bank and nonbank sources can reveal differences in fit for a property type, requested loan size and borrower profile. The table is most useful for identifying banks with relevant reported exposure, while direct discussions are necessary to determine current interest and terms. Local relationships remain important even when a lender has a large national or multistate balance sheet.
Frequently Asked Questions
What data does BestCRE use to rank Washington CRE banks?
BestCRE ranks banks by total commercial real estate loans reported in FDIC Call Reports, formally the Reports of Condition and Income, schedule RC-C. The balances are as of June 30, 2026. Headquarters and branch market information comes from the FDIC Summary of Deposits 2026. The table includes 25 Washington headquartered banks, while the FDIC identifies 28 banks headquartered in the state. It separates construction and land, multifamily, owner occupied, and investor nonfarm nonresidential balances so borrowers can see both total scale and portfolio composition.
Which Washington headquartered bank has the largest CRE portfolio?
WaFd Bank ranks first with $10.2 billion in total commercial real estate loans and holds national rank 52. Its portfolio includes $1.3 billion in construction and land loans, $4.6 billion in multifamily loans, $1.1 billion in owner occupied loans and $3.1 billion in investor nonfarm nonresidential loans. CRE represents 50.4% of its total loans, and investor CRE equals 2.99x equity. Its reported CRE balance changed +0.3% year over year as of June 30, 2026.
Which Washington banks reported the strongest CRE growth?
Portage Bank recorded the highest reported year over year CRE change in the table at +42.1%, reaching $39.2 million. Increase Bank grew +30.1% to $28.9 million, while Liberty Bank grew +30.0% to $64.1 million. Among larger portfolios, Heritage Bank increased CRE balances +24.8% to $3.9 billion. Growth describes the change in reported balances rather than the availability of new financing. Borrowers still need to ask each institution about current interest, property preferences, underwriting and capacity for a specific request.
How concentrated is CRE lending among Washington headquartered banks?
The top five banks hold 76.7% of CRE loans reported by Washington headquartered banks. WaFd Bank alone reports $10.2 billion, followed by Banner Bank at $7.5 billion, Heritage Bank at $3.9 billion, Washington Trust Bank at $3.5 billion and Coastal Community Bank at $1.5 billion. Washington headquartered banks collectively report $34.7 billion in CRE loans. For national context, 4,167 banks report $3.07 trillion. These totals measure outstanding balances and do not show how much any institution is currently prepared to originate.
Do the benchmark rates shown indicate the rate a borrower will receive?
No. The benchmark figures provide market context and are not bank loan quotes. As of Oct 26, 2026, the Prime rate is 7.00%, SOFR is 3.89%, the 5 year Treasury is 4.78%, the 10 year Treasury is 4.96% and Fed funds is 3.88%. A proposed borrowing rate may reference a benchmark, but this ranking does not describe pricing, terms, leverage, recourse or approval standards. Borrowers should obtain current proposals directly from lenders and compare the full structure rather than treating any benchmark as an available CRE loan rate.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.