I tried to reproduce the issue as explained in the above comment, but i found...

Contribution Date
Technology
Drupal
Contribution Project
Drupal core
Contribution Details

I tried to reproduce the issue as explained in the above comment, but i found the mistake you did in the configuration.
You tried to switch the Filtered to Full HTML for the DEFAULT VALUE and it was not reflecting as you are not providing any default value in the Text Area.

Issue Status
closed
Contribution Author
Karthik Bodu
Contribution Issue Link
Text formats default value not working
Contribution Link
https://www.drupal.org/node/2783357#comment-11659135
Files count
1
Patches count
0