Overview / Commentary
Sonata Bank is headquartered in BRENTWOOD and is the 91st largest bank in the state of Tennessee. It is also the 2,933rd largest bank in the nation. It was established in 1890 and as of December of 2024, it had grown to 43 employees at 2 locations. Sonata Bank has a B health rating.
Reviews (2)
Amazing Bank
Posted by: liionboy | Dec 6, 2024
Absolutely amazing personal experience opening new accounts at the Brentwood Branch. The customer service is FAR beyond the typical bank. The professionalism and interaction with bank employees was/is outstanding as are the product offers. Definitely check Sonata out . . . they are NOT your average bank!
Bad Customer Service
Posted by: max100 | Jun 7, 2024
bad bad customer service and when i called and talk with them they hang-up .
Health
B
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Sonata Bank has a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21342 |
| Year Established | 1890 |
| Employees | 43 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.56% |
| Return on Equity - YTD | -26.43% |
| Annual Interest Income | $11.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $218.3MM$118.1MM |
| Loans | Q4 2024vs Q4 2023 | $183.4MM$96.5MM |
| Deposits | Q4 2024vs Q4 2023 | $195.7MM$99.5MM |
| Equity Capital | Q4 2024vs Q4 2023 | $19.4MM$15.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.6MM$794K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $621K$149K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |