First Sound Bank

Overview / Commentary
925 Fourth Avenue, Suite 2350
Seattle, WA 98104

First Sound Bank is headquartered in Seattle and is the 33rd largest bank in the state of Washington. It is also the 3,463rd largest bank in the nation. It was established in 2004 and as of June of 2022, it had grown to 18 employees at 1 location. First Sound Bank has a B+ health rating.

Reviews (1)

Proposed Merger With Fintech BMTX Mutually Ended

Posted by: |

BMTX instead has signed a letter of intent with a new sponsor bank (currently Customers Bank) with expected closure in the first half of 2023.


Health Grade Components

FDIC Certificate #57799
Year Established2004
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD2.04%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$154.1MM$165.2MM
LoansQ2 2022vs Q2 2021$130.5MM$129.2MM
DepositsQ2 2022vs Q2 2021$114.4MM$116.2MM
Equity CapitalQ2 2022vs Q2 2021$14.6MM$13.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.5MM$1.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.5MM$1.9MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for First Sound Bank are currently being reviewed.


First Sound Bank Locations
First Sound Bank925 4th AveSeattle, WA 98104

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