Sound Banking Company
Lakewood, WA
IDRSSD: 1494482
Total Assets
$51.84M
Latest filing
Total Deposits
$45.93M
Latest filing
Net Interest Margin
5.95%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Sound Banking Company
6107 Lake Grove St Sw
Lakewood, WA 98499
Full Service - Brick and Mortar
Updated 11/14/2025Established 11/01/1990FDIC Certificate 46420
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Sound Banking Company (Main) | 6107 Lake Grove St Sw | Lakewood, WA | ||
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/01/1990 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 98499 |
| State and County Number | 53053 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 12 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | San Francisco |
| Core Based Statistical Area Name | Seattle-Tacoma-Bellevue, WA |
Operational Info
| Number of Employees | 5 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/01/1990 |
| Primary Insurance Agency | DIF |
| Website | www.soundbankingco.com |
| Data Updated | 11/14/2025 |
| CERT | 33183 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $51.84M |
| Total Deposits | $45.93M |
| Total Liabilities | $46.13M |
| Total Equity Capital | $5.72M |
| Net Income | $317.00k |
| Net Loans and Leases | $39.31M |
| Assets Per Employee ($Millions) | $10.37M |
| Bank Premises and Fixed Assets | $931.00k |
| Cash and Balances due from Depository Institutions | $7.64M |
| Deposits Held in Domestic Offices | $45.93M |
Key Performance Ratios
| Return on Assets (ROA) | 2.46% |
| Return on Equity (ROE) | 22.8% |
| Net Interest Margin | 5.95% |
| Efficiency Ratio | 57.45% |
| Tier 1 Risk-Based Capital Ratio | 14.098% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.033% |
| Earning Assets to total Assets | 89.16% |
Income and Expense
| Total Interest Income | $833.00k |
| Total Noninterest Income | $61.00k |
| Total Interest Expense | $149.00k |
| Total Noninterest Expense | $428.00k |
| Net Interest Income | $684.00k |
| Pre-tax Net Operating Income | $317.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $193.00k |
| Total Liabilities and Capital | $51.84M |
Securities
| Securities | $0 |
| Available-for-sale debt securities | $0 |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Sound Banking Company?
$51.84M as of the latest filing.
How much are Sound Banking Company's total deposits?
$45.93M in total deposits.
Where is Sound Banking Company located?
Lakewood, WA.
What is the Net Interest Margin?
5.95%.
How many domestic offices does it operate?
1.
When was it established?
11/01/1990.
What is the Return on Assets (ROA)?
2.46%.
How much are total loans and leases?
$39.31M (latest filing).
What is the total interest income (latest filing)?
$833.00k.