Overview / Commentary
Sound Community Bank is headquartered in Seattle and is the 19th largest bank in the state of Washington. It is also the 1,102nd largest bank in the nation. It was established in 1953 and as of June of 2019, it had grown to 112 employees at 8 locations. Sound Community Bank has an A health rating.
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Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57451 |
| Year Established | 1953 |
| Employees | 112 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 10.19% |
| Annual Interest Income | $17.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $686.0MM$685.4MM |
| Loans | Q2 2019vs Q2 2018 | $560.7MM$586.0MM |
| Deposits | Q2 2019vs Q2 2018 | $583.6MM$542.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $71.3MM$67.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $5.4MM$5.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $2.8MM$2.0MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $1.1MM$600.00K |
Rates
Rates for Sound Community Bank are currently being reviewed.
Locations
| Sound Community Bank Locations | ||
|---|---|---|
| Port Angeles Branch | 110 North Alder Street | Port Angeles, WA 98362 |
| Sound Community Bank | 2400 3rd Ave | Seattle, WA 98121 |
| Cedar Plaza | 22807 44th Avenue West | Mountlake Terrace, WA 98043 |
| Tacoma-South | 2941 South 38th Street | Tacoma, WA 98409 |
| Sequim Branch | 645 W. Washington Street | Sequim, WA 98382 |
| Port Ludlow Branch | 9500 Oak Bay Road | Port Ludlow, WA 98365 |
| Westside Community Bank Branch | 4922 Bridgeport Way West | University Place, WA 98467 |