Founded in 1908, Kitsap Bank is a community bank providing a full range of financial services to businesses and individuals at 18 locations throughout the Pacific Northwest. Kitsap’s focus on long-term sustainability applies to their relationships with customers, employees, and the community. You can learn more about them here.
As a leading lender in the region, Kitsap Bank has a 230% capital ratio for CRE and conducts regular NOO CRE stress tests as part of their risk management initiatives. The Board and Management Team reviews a set of consistent stress factors annually, as well as unique stress factors customized for current economic conditions. The team had thus far evaluated these stress tests manually, spending valuable time and resources gathering and analyzing data.
Learn how our software helped improve their reporting capabilities and streamline NOO CRE data management.