Our Year
In Review

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

Financial Performance

Olympic Bancorp and its wholly-owned subsidiary, Kitsap Bank, recorded another strong year of financial performance in 2019. With a strong core deposit base and measured loan growth, the family-owned bank once again achieved record income.

Download Income Statement
& Balance Sheet

Total Loans

$479,201

2014

$583,597

2015

$622,829

2016

$655,928

2017

$740,157

2018

$783,243

2019

Total Deposits
Time
MM & Savings
Transaction

$157,121
$341,124
$341,915

2014

$140,933
$380,309
$441,172

2015

$108,040
$394,565
$498,382

2016

$82,597
$381,483
$531,117

2017

$70,238
$392,953
$537,553

2018

$68,008
$391,471
$563,275

2019

Return On Assets

0.68%

2014

0.85%

2015

1.03%

2016

1.13%

2017

1.22%

2018

1.37%

2019

Net Interest Margin

3.05%

2014

3.16%

2015

3.57%

2016

3.9%

2017

4.27%

2018

4.5%

2019

Net Income

$6,464

2014

$8,415

2015

$11,603

2016

$12,943

2017

$14,022

2018

$16,078

2019

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