First Fed Bank: Bank Stress & Real-Estate Credit Exposure

First Fed Bank (FDIC Cert #28405) carries a DLRadar bank-stress score of 92/100, a severe reading of the credit and balance-sheet pressure weighing on the institution. DLRadar builds the reading from the institution's federal call-report filings (capital, credit quality, earnings, real-estate exposure) and weights it by the markets it finances.

Its footprint is compact and single-state: 145 ZIP codes in 5 counties over 1 states. Its heaviest exposure sits in Washington (5 counties). A severe score on a footprint this size means the markets First Fed Bank touches inherit a corresponding share of that lending pressure. Seven-day momentum reads stable. Momentum matters as much as the level — a rising score means the lenders behind a market are tightening, and financing tends to seize up before distress reaches listings. Because First Fed Bank is rescored on each quarterly FDIC filing and graded on the identical model applied to every U.S. bank, its 92/100 reading stays current and directly comparable — a like-for-like number across 1 state and against any other institution. At the county level, First Fed Bank finances markets like King County, WA, Kitsap County, WA, Whatcom County, WA, Clallam County, WA — the specific places where its credit posture translates into local lending capacity. The DLRadar bank-stress score is a composite, not a single ratio: it weighs First Fed Bank's capital adequacy, asset quality, earnings and — most heavily — its real-estate loan concentration, then scales the result by where the bank actually lends, so two banks with identical headline financials can score differently based on the markets they finance. The value is in the linkage: First Fed Bank's severe reading is mapped onto 145 ZIP codes and 5 counties where DLRadar independently tracks foreclosures, tax liens and ownership turnover, so credit pressure and physical distress line up on one timeline. First Fed Bank is held under First Northwest Bcorp, so its disclosures are public and its stress trajectory is externally verifiable.

Why a bank's stress matters for acquisitions: local lending capacity drives transactions. When First Fed Bank tightens in a county it footprints, refinances stall, construction lending pulls back, and owners who cannot roll their debt slide toward delinquency, foreclosure and forced sale. Watching lender stress is therefore an upstream, leading signal of where distressed inventory surfaces next.

Across the country DLRadar applies the identical model to every FDIC bank, then ties each institution to parcel-level foreclosure, lien and ownership data where it lends. The result is an early, auditable read on supply, every figure anchored to public data.