|
 |
|
|
 Sound Banking Company
|
Sound Banking Company
| RSSD ID 1494482 | CERTIFICATE 33183 | ABA NUMBER 125108175 |
| 6107 Lake Grove St Sw |
Quarter Ended : |
2026-06-30 |
| Lakewood, Washington, 98499 |
Updated : |
2026-07-21 |
| www.soundbankingco.com |
|
| Institution Profile |
| Year Opened : |
1990 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
1 |
Number of Employees : |
5 |
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 45,181 |
|
Total Interest Income | 1,601 |
| Total Liabilities | 39,751 |
|
Total NonInterest Income | 108 |
| Total Bank Equity Capital | 5,430 |
|
Total Interest Expense | 260 |
| Total Deposits | 39,582 |
|
Total NonInterest Expense | 889 |
| Net Loans & Leases | 38,226 |
|
Net Income | 560 |
| Loan Loss Allowance | 621 |
|
Net Charge Offs | 13 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 5,876 |
|
Total loans | 38,136 |
| Total assets for the leverage ratio | 44,942 |
|
Loans secured by real estate: | 35,857 |
| Tier 1 Leverage Ratio | 12.08 |
|
Commercial and industrial loans | 2,252 |
| Tier 1 Capital Ratio | 15.27 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 16.52 |
|
Loans to individuals - Other | 27 |
|
|
|
|
:· Sound Banking Company
