SBA lender profile
First Fed Bank
First Fed Bank appears in the public SBA loan data with 22 funded 7(a) loans totaling $25.3M, an average of $1.1M per loan, and an estimated 485 jobs supported. Its SBA lending concentrates in Washington and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
22
Total volume
$25.3M
Average loan size
$1.1M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
485
Programs
7(a)
Bank profile
via FDIC- Total assets
- $2.1B
- Headquarters
- Port Angeles, WA
- FDIC cert
- #28405
- Status
- Active
Where First Fed Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Washington | 20 | $22.9M |
| Alaska | 1 | $1.6M |
| Oregon | 1 | $723K |
What First Fed Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 6 | $11.0M |
| Wholesale Trade | 4 | $7.2M |
| Professional and Technical Services | 3 | $2.2M |
| Agriculture, Forestry, Fishing | 1 | $1.6M |
| Transportation and Warehousing | 1 | $1.1M |
| Retail Trade | 1 | $736K |
First Fed Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 9 | $6.9M |
| 2022 | 9 | $15.9M |
| 2023 | 1 | $723K |
| 2024 | 3 | $1.8M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Fed Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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