South Sound Bank

South Sound Bank is headquartered in Olympia and is the 39^th largest bank in the state of Washington. It is also the 3,608^th largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 31 employees at 2 locations. South Sound Bank has a 3-star health rating.

South Sound Bank Routing Number: 125108609

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Data for Q1 2012

Institution Statistics South Sound Bank FDIC Certificate # 35355 BankRate Report View Year Established 2000 Employees 31 Primary Regulator FDIC Assets and Liabilities Assets $165.63 million Loans $97.18 million Deposits $138.67 million Equity Capital $21.90 million Loan Loss Allowance $5.21 million Unbacked Noncurrent Loans $6.37 million Real Estate Owned $3.51 million Historic Data - March 2011 Assets $170.42 million Equity Capital $24.31 million Loan Loss Allowance $2.39 million Unbacked Noncurrent Loans $2.10 million Real Estate Owned $5.34 million Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets -2.41% Return on Equity -17.82% Interest Income $1.67 million

Institution Health Overall Score: 3 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 March 31, 2012 South Sound Bank had $9.88 million in non-current loans and owned real-estate with $27.1 million in equity and loan loss allowances on hand to cover it. This gives South Sound Bank a Texas Ratio of 36.47% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for South Sound Bank increased slightly from 25.06% as of March 31, 2011 to 36.47% as of March 31, 2012, resulting in a negative change of 45.55%. This indicates that the balance sheet and financial strength for South Sound Bank has declined slightly in recent periods. Deposit Growth In the past year, South Sound Bank has decreased its total deposits by -$1.43 million, resulting in -1.02% 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 South Sound Bank has shown is below average. 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. South Sound Bank has $165.63 million in assets with $27.1 million in equity, resulting in a capitalization level of 16.36%, which is excellent.

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