This represents growth of $39.4 million since the beginning of its fiscal year on April 1, 2025. The bank continues to be very well capitalized with equity totaling $116 million, which equates to a capital leverage ratio of 12.03 percent, well above the regulatory definition of well capitalized.

OlyFed continues to experience solid demand for its products and services with growth of $11.6 million in new deposits and $9.7 million in new loan growth this fiscal year. Part of that loan growth includes 26 affordable home loans to households earning less than 80% of area median income. Furthermore, the bank has paid out $7 million in interest payments to depositors year-to-date.

“Our dedication and support of our customers and community have played an instrumental role in the significant household growth we’ve experienced so far this year,” Josh Deck, President & CEO said.

“The launch of our school affinity card program along with our new Chehalis branch this past quarter were huge milestone achievements that have been in the works for years now.”

“Adoption of the school branded debit cards, which give back in the form of funding for scholarships and student activities every time they are used have been more than what we expected”, Deck continued. “We’ve seen an increase of more than 17,000 debit card transactions when compared to last year. Furthermore, our Chehalis branch has experienced multimillion dollar growth in both deposits and loans. The welcome we have received from the Lewis County community has been extraordinary.”

OlyFed’s overall philanthropic giving for the community this year has surpassed more than $190,000. Furthermore, the bank’s community outreach efforts are supported by hundreds of volunteer hours, which include financial education classes reaching more than 350 students in the South Sound region.

“I am incredibly proud of the positive impact our employees are having both in local area classrooms and throughout our community as they serve in volunteer leadership positions with more than 40 committees and boards of directors,” Deck said.

“As a relationship first bank, our number one priority is making sure our actions live out our values in everything we do.”