Sound Community Bank

2001 5th Ave.
Seattle, WA 98121
(206) 448-0884
www.soundcb.com

FDIC

OverView
Rates
Health
Reviews

Sound Community Bank is headquartered in Seattle and is the 25^th largest bank in the state of Washington. It is also the 1,730^th largest bank in the nation. It was established in 1953 and as of December of 2012, it had grown to 80 employees at 5 locations. Sound Community Bank's savings rates are 94% higher than the national average, and it boasts a 5-star health rating.

Sound Community Bank Routing Number: 325081306

Sound Community Bank Has 21-Month 2.00% CD With Qualifying Relationship - WA (Forum) - 6/9/2010

Sound Community Bank in Washington is currently offering a 21-month CD special paying 2.00% APY with "qualifying relationship" (1.49% APY without). Rates: http://www.soundcb.com/home/per/cds/rat

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Sound Community Bank Checking Account Rates

	Apy	Min	Max	Product
	2.01%	-	$10k	Kasasa Cash

Sound Community Bank Savings Account Rates

	Apy	Min	Max	Product
	1.01%	-	$15k	Kasasa Saver

Sound Community Bank Money Market Rates

Apy	Min	Max	Product
0.77%	$100k	-	eMoney Maker Account
0.55%	$500k	-	Business Money Market Account
0.25%	$50k	-	Money Market Account

Sound Community Bank CD Rates

Apy	Min	Max	Product
1.41%	$1k	-	60+ Month CD w/Qualifying Relationship
1.31%	$1k	-	60+ Month CD
1.14%	$1k	-	48 Month CD w/Qualifying Relationship
1.04%	$1k	-	48 Month CD
0.95%	$1k	-	36 Month CD w/Qualifying Relationship
0.90%	$1k	-	24 Month CD w/Qualifying Relationship
0.85%	$1k	-	36 Month CD
0.80%	$1k	-	24 Month CD
0.50%	$1k	-	18 Month Bump Rate CD w/Qualifying Relationship
0.40%	$1k	-	18 Month Bump Rate CD
0.35%	$1k	-	12 Month CD w/Qualifying Relationship
0.30%	$1k	-	6 Month CD w/Qualifying Relationship
0.25%	$1k	-	12 Month CD
0.20%	$1k	-	6 Month CD

Sound Community Bank IRA Rates

Apy	Min	Max	Product
1.41%	$500	-	60+ Month IRA w/Qualifying Relationship
1.41%	$500	-	60+ Month Roth IRA w/Qualifying Relationship
1.31%	$500	-	60+ Month IRA
1.31%	$500	-	60+ Month Roth IRA
1.14%	$500	-	48 Month IRA w/Qualifying Relationship
1.14%	$500	-	48 Month Roth IRA w/Qualifying Relationship
1.04%	$500	-	48 Month IRA
1.04%	$500	-	48 Month Roth IRA
0.95%	$500	-	36 Month IRA w/Qualifying Relationship
0.95%	$500	-	36 Month Roth IRA w/Qualifying Relationship
0.90%	$500	-	24 Month IRA w/Qualifying Relationship
0.90%	$500	-	24 Month Roth IRA w/Qualifying Relationship
0.85%	$500	-	36 Month IRA
0.85%	$500	-	36 Month Roth IRA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	24 Month Roth IRA
0.50%	$500	-	18 Month Bump Rate IRA w/Qualifying Relationship
0.50%	$500	-	18 Month Bump Rate Roth IRA w/Qualifying Relationship
0.40%	$500	-	18 Month Bump Rate IRA
0.40%	$500	-	18 Month Bump Rate Roth IRA
0.35%	$500	-	12 Month IRA w/Qualifying Relationship
0.35%	$500	-	12 Month Roth IRA w/Qualifying Relationship
0.30%	$500	-	6 Month IRA w/Qualifying Relationship
0.30%	$500	-	6 Month Roth IRA w/Qualifying Relationship
0.25%	$500	-	12 Month IRA
0.25%	$500	-	12 Month Roth IRA
0.20%	$500	-	6 Month IRA
0.20%	$500	-	6 Month Roth IRA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

Sound Community Bank
OTS #	17942
FDIC Certificate #	57451
BankRate Report	View
Year Established	1953
Employees	80
Primary Regulator	FDIC
Assets and Liabilities
Assets	$381.84 million
Loans	$324.22 million
Deposits	$319.15 million
Equity Capital	$38.81 million
Loan Loss Allowance	$4.25 million
Unbacked Noncurrent Loans	$3.00 million
Real Estate Owned	$2.39 million
Historic Data - December 2011
Assets	$339.65 million
Equity Capital	$28.24 million
Loan Loss Allowance	$4.46 million
Unbacked Noncurrent Loans	$5.34 million
Real Estate Owned	$2.70 million
Profit Margin - Quarterly
Net Interest Margin	4.98%
Return on Assets	0.77%
Return on Equity	8.45%
Interest Income	$18.91 million

Institution Health

Overall Score:

5 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 December 31, 2012 Sound Community Bank had $5.4 million in non-current loans and owned real-estate with $43.06 million in equity and loan loss allowances on hand to cover it. This gives Sound Community Bank a Texas Ratio of 12.53% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Sound Community Bank decreased significantly from 24.61% as of December 31, 2011 to 12.53% as of December 31, 2012, resulting in a positive change of 49.10%.This indicates that the balance sheet and financial strength for Sound Community Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Sound Community Bank has increased its total deposits by $17.56 million, resulting in 5.82% 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 Sound Community Bank has shown is excellent.
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. Sound Community Bank has $381.84 million in assets with $43.06 million in equity, resulting in a capitalization level of 11.28%, which is above average.