Sound Community Bank

Overview / Commentary
2400 Third Avenue
Seattle, WA 98121

Sound Community Bank is headquartered in Seattle and is the 18th largest bank in the state of Washington. It is also the 1,039th largest bank in the nation. It was established in 1953 and as of June of 2022, it had grown to 130 employees at 10 locations. Sound Community Bank has a B+ health rating.

Reviews (1)


Posted by: |

Their lack of security measures allowed my business bank account to be hacked for over $4500!! The purchases were made overseas -- I never leave the country -- and should have been a HUGE red flag to any reputable bank with a half decent fraud protection system. They allowed OVER 70 CHARGES to go through before finally sending a text message to ask if the charges were legitimate. ARE YOU KIDDING ME?!?!
And after MONTHS of waiting for the dispute to settle, I was only refunded $2500!!! And because it's a business account, they will not refund the remainder of the funds that THEY ALLOWED TO BE WITHDRAWN FROM MY ACCOUNT!!!!!!

There are WAY better banks out there. Business owners--- DO YOUR RESEARCH!!!!!! DO NOT USE THIS BANK EVER!!!!


Health Grade Components

FDIC Certificate #57451
Year Established1953
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.44%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$937.3MM$923.3MM
LoansQ2 2022vs Q2 2021$799.1MM$637.2MM
DepositsQ2 2022vs Q2 2021$790.0MM$814.1MM
Equity CapitalQ2 2022vs Q2 2021$104.0MM$96.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.1MM$6.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.6MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$659.00K$659.00K

Rates for Sound Community Bank are currently being reviewed.


Cities: Mountlake Terrace, Port Angeles, Port Ludlow, Seattle, Sequim, Tacoma, University Place

Mountlake Terrace Branches
Cedar Plaza22807 44th Avenue WestMountlake Terrace, WA 98043

Port Angeles Branches
Port Angeles Branch110 North Alder StreetPort Angeles, WA 98362

Port Ludlow Branches
Port Ludlow Branch9500 Oak Bay RoadPort Ludlow, WA 98365

Seattle Branches
Sound Community Bank2400 3rd AveSeattle, WA 98121
Belltown2400 3rd Ave Suite 150Seattle, WA 98121
Downtown Seattle Office2001 Fifth AvenueSeattle, WA 98121

Sequim Branches
Sequim Branch645 W. Washington StreetSequim, WA 98382
Creekside990 East Washington Street, Suite FSequim, WA 98382

Tacoma Branches
Tacoma-South2941 South 38th StreetTacoma, WA 98409

University Place Branches
Westside Community Bank Branch4922 Bridgeport Way WestUniversity Place, WA 98467

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