First Sound Bank

First Sound Bank is headquartered in Seattle and is the 47^th largest bank in the state of Washington. It is also the 3,911^st largest bank in the nation. It was established in 2004 and as of September of 2011, it had grown to 27 employees at 1 location. First Sound Bank's money market rates are 14% higher than the national average, but it has a 1-star health rating.

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Data for Q3 2011

Institution Statistics First Sound Bank FDIC Certificate # 57799 BankRate Report View Year Established 2004 Employees 27 Primary Regulator FDIC Assets and Liabilities Assets $146.23 million Loans $97.48 million Deposits $136.50 million Equity Capital $3.05 million Loan Loss Allowance $3.93 million Unbacked Noncurrent Loans $11.55 million Real Estate Owned $4.39 million Historic Data - September 2010 Assets $154.46 million Equity Capital $5.14 million Loan Loss Allowance $6.11 million Unbacked Noncurrent Loans $20.03 million Real Estate Owned $8.60 million Profit Margin - Quarterly Net Interest Margin 4.31% Return on Assets -6.33% Return on Equity -185.56% Interest Income $5.25 million

Institution Health Overall Score: 1 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Sound Bank had $15.94 million in non-current loans and owned real-estate with $6.98 million in equity and loan loss allowances on hand to cover it. This gives First Sound Bank a Texas Ratio of 228.47% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Sound Bank held steady from 253.97% as of September 30, 2010 to 228.47% as of September 30, 2011, resulting in a positive change of 10.04%.This indicates that the balance sheet and financial strength for First Sound Bank has held steady in recent periods. Deposit Growth In the past year, First Sound Bank has decreased its total deposits by -$9.51 million, resulting in -6.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Sound Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Sound Bank has $146.23 million in assets with $6.98 million in equity, resulting in a capitalization level of 4.77%, which is poor.

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