Overview / Commentary
252-727-5558
5039 Executive Drive
Morehead City, NC 28557

Sound Bank is headquartered in Morehead City and is the 30th largest bank in the state of North Carolina. It is also the 2,828th largest bank in the nation. It was established in 2001 and as of March of 2018, it had grown to 46 employees at 6 locations. Sound Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #57095
Year Established2001
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD6.6%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$211.5MM$189.2MM
LoansQ1 2018vs Q1 2017$166.2MM$152.4MM
DepositsQ1 2018vs Q1 2017$159.4MM$170.7MM
Equity CapitalQ1 2018vs Q1 2017$27.4MM$16.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$396.00K$1.9MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$722.00K$1.6MM
Real Estate OwnedQ1 2018vs Q1 2017$54.00K$0
Rates

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Locations


Sound Bank Locations
Cape Cateret/Cedar Point Branch1150 Cedar Point BoulevardCedar Point, NC 28584
Beaufort Branch1897 Live Oak StreetBeaufort, NC 28516
Sound Banking Company5039 Executive DriveMorehead City, NC 28557
New Bern Branch1801 South Glenburnie RoadNew Bern, NC 28561
Wilmington Branch1131 Military Cutoff RoadWilmington, NC 28405

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