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 Sound Banking Company
Sound Banking Company
| RSSD ID 1494482 | CERTIFICATE 33183 | ABA NUMBER 125108175 |
| 6107 Lake Grove St Sw |
Quarter Ended : |
2025-03-31 |
| Lakewood, Washington, 98499 |
Updated : |
2025-04-09 |
| www.soundbankingco.com |
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| Institution Profile |
| Year Opened : |
1990 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
1 |
Number of Employees : |
5 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 52,007 |
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Total Interest Income | 799 |
| Total Liabilities | 46,331 |
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Total NonInterest Income | 48 |
| Total Bank Equity Capital | 5,676 |
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Total Interest Expense | 181 |
| Total Deposits | 46,236 |
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Total NonInterest Expense | 428 |
| Net Loans & Leases | 37,635 |
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Net Income | 238 |
| Loan Loss Allowance | 634 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 6,157 |
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Total loans | 37,691 |
| Total assets for the leverage ratio | 48,594 |
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Loans secured by real estate: | 34,396 |
| Tier 1 Leverage Ratio | 11.68 |
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Commercial and industrial loans | 3,256 |
| Tier 1 Capital Ratio | 14.79 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 16.04 |
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Loans to individuals - Other | 39 |
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:· Sound Banking Company
