2018

Annual Report

Olympic Bancorp is the holding company for Kitsap Bank, a Washington State chartered full-service commercial bank founded in 1908.

Year-In-Review

Financially Speaking

Olympic Bancorp and its wholly-owned subsidiary, Kitsap Bank, recorded a strong financial performance in 2018. The independent, family-owned bank experienced solid loan growth, record profits, and continued strength in its core deposit base.

Income Statement & Balance Sheet (PDF)

Total Loans

  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • $800,000
  • $700,000
  • $600,000
  • $500,000
  • $400,000
  • $300,000
  • $200,000
  • $100,000
  • $0

Taxable Equivalent Income

Net Income
Taxable Equivalent
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • $18,000
  • $16,000
  • $14,000
  • $12,000
  • $10,000
  • $8,000
  • $6,000
  • $4,000
  • $2,000
  • $0

Total Deposits

Time
MM & Savings
Transaction Accounts
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • $1,200,000
  • $1,000,000
  • $800,000
  • $600,000
  • $400,000
  • $200,000
  • $0

Return On Assets

  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 1.25%
  • 1.00%
  • 0.75%
  • 0.50%
  • 0.25%
  • 0.00%

Net Interest Margin

  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 4.50%
  • 4.00%
  • 3.50%
  • 3.00%
  • 2.50%
  • 2.00%
  • 1.50%
  • 1.00%
  • 0.50%
  • 0.00%