Columbia Bank has been ranked as the best bank headquartered in Washington by the Forbes list of America’s Best and Worst Banks. Listed at No. 34, Columbia ranks ahead of Key Bank, Chase, U.S. Bank and Bank of America.
The list, ranking 100 of the largest publicly traded banks in the country, also placed Tacoma-based Columbia Bank as the second best headquartered in the Pacific Northwest. Data for the list was provided by SNL Financial and was based on regulatory filings of public banks and thrifts as of Dec. 1. The study gauged the health of the 100 largest publicly traded banks and thrifts based on return on average equity; net interest margin; nonperforming loans as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio.
Columbia Bank ranked No. 34 overall with total assets at $5 billion, 6.4 percent return on average equity, 2.5 percent nonperforming loans/total loans, 84 percent in reserves/nonperforming loans, a 20.6 percent tier one ratio, and a 12.9 percent leverage ratio.