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 First Sound Bank
First Sound Bank
| RSSD ID 3282692 | CERTIFICATE 57799 | ABA NUMBER 125008712 |
| 925 4th Ave |
Quarter Ended : |
2024-03-31 |
| Seattle, Washington, 98104 |
Updated : |
2024-05-07 |
| firstsoundbank.com |
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| Institution Profile |
| Year Opened : |
2004 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Statistical Area (MSA) : |
Seattle-Bellevue-Everett, WA |
| Number of Offices : |
1 |
Number of Employees : |
17 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 154,808 |
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Total Interest Income | 2,045 |
| Total Liabilities | 139,910 |
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Total NonInterest Income | 36 |
| Total Bank Equity Capital | 14,898 |
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Total Interest Expense | 1,036 |
| Total Deposits | 111,976 |
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Total NonInterest Expense | 1,298 |
| Net Loans & Leases | 133,653 |
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Net Income | (203) |
| Loan Loss Allowance | 1,588 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 136,502 |
| Total assets for the leverage ratio | 158,499 |
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Loans secured by real estate: | 114,681 |
| Tier 1 Leverage Ratio | 9.37 |
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Commercial and industrial loans | 20,449 |
| Off Balance Sheet Exposures (%) | 15.64 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,323 |
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:· First Sound Bank
