Sound Community Bank


Overview / Commentary
206-436-3150
2400 3Rd Ave
Seattle, WA 98121

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

Health Grade Components

Overall
FDIC Certificate #57451
Year Established1953
Employees112
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD10.19%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$686.0MM$685.4MM
LoansQ2 2019vs Q2 2018$560.7MM$586.0MM
DepositsQ2 2019vs Q2 2018$583.6MM$542.0MM
Equity CapitalQ2 2019vs Q2 2018$71.3MM$67.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$5.4MM$5.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.8MM$2.0MM
Real Estate OwnedQ2 2019vs Q2 2018$1.1MM$600.00K
Rates

Rates for Sound Community Bank are currently being reviewed.

Locations


Sound Community Bank Locations
Port Angeles Branch110 North Alder StreetPort Angeles, WA 98362
Sound Community Bank2400 3rd AveSeattle, WA 98121
Cedar Plaza22807 44th Avenue WestMountlake Terrace, WA 98043
Tacoma-South2941 South 38th StreetTacoma, WA 98409
Sequim Branch645 W. Washington StreetSequim, WA 98382
Port Ludlow Branch9500 Oak Bay RoadPort Ludlow, WA 98365
Westside Community Bank Branch4922 Bridgeport Way WestUniversity Place, WA 98467

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