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 Sound Community Bank
Sound Community Bank
| RSSD ID 429487 | CERTIFICATE 57451 | ABA NUMBER 325081306 |
| 2400 3rd Ave |
Quarter Ended : |
2025-03-31 |
| Seattle, Washington, 98121 |
Updated : |
2025-04-29 |
| www.soundcb.com |
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| Institution Profile |
| Year Opened : |
1953 |
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 |
| Number of Offices : |
10 |
Number of Employees : |
116 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,069,344 |
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Total Interest Income | 13,729 |
| Total Liabilities | 956,878 |
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Total NonInterest Income | 1,075 |
| Total Bank Equity Capital | 112,466 |
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Total Interest Expense | 5,467 |
| Total Deposits | 919,414 |
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Total NonInterest Expense | 7,591 |
| Net Loans & Leases | 877,833 |
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Net Income | 1,468 |
| Loan Loss Allowance | 8,393 |
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Net Charge Offs | 21 |
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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 | 900,116 |
| Total assets for the leverage ratio | 1,050,710 |
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Loans secured by real estate: | 742,303 |
| Tier 1 Leverage Ratio | 10.76 |
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Commercial and industrial loans | 11,240 |
| Off Balance Sheet Exposures (%) | 4.29 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 145,359 |
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:· Sound Community Bank
