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Distressed Note Industry
Analyzing agricultural loans loan performance across 50 Washington banks
As of Q2 2025, 50 Washington banks report agricultural loans portfolios totaling $915.6M. Non-performing loans in this category total $8.4M — an average NPL ratio of 0.91% — with $0 30-89 days delinquent, $594K 90+ days delinquent, and $7.8M in nonaccrual status. The most distressed lender in this category is HERITAGE BANK (WA) with an NPL ratio of 1.97%.
Total Lenders
50
Total Loan Portfolio
$915.6M
Total NPL
$8.4M
Average NPL %
0.91%
30-89 Days
$0
90+ Days
$594K
Nonaccrual
$7.8M
Charge-offs
$724K
Distribution of banks by non-performing loan ratio
| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| HERITAGE BANK | WA | $34.1M | $670K | 1.97% |
| HERITAGE BANK | WA | $34.1M | $670K | 1.97% |
| BANNER BANK | WA | $179.5M | $3.5M | 1.95% |
| BANNER BANK | WA | $179.5M | $3.5M | 1.95% |
| WASHINGTON TRUST BANK | WA | $67.8M | $3K | 0.00% |
| WASHINGTON TRUST BANK | WA | $67.8M | $3K | 0.00% |
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