Loading bank profile
Data through Q3 2026 · 4,200 institutions
Regulatory profile
Lakewood, WA · FDIC certificate #33183
SOUND BANKING CO is an FDIC-insured institution based in Lakewood, WA (FDIC certificate #33183). In its Q3 2026 Call Report it reported total assets of $44M, total deposits of $38M and net loans of $36M. Its primary federal regulator is FDIC.
Plain-language readout
SOUND BANKING CO has 3 quarters of reported history on file, from Q1 2026 to Q3 2026.
Total assets peaked at $45M in Q2 2026 and were lowest at $42M in Q1 2026.
Total deposits were highest at $40M in Q2 2026 and lowest at $36M in Q1 2026.
Over the whole period total assets rose 4.6%.
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| Q3 2026 | $44M | $38M | $36M | 2.65% | 20.84% | 7.06% |
| Q2 2026 | $45M | $40M | $38M | 2.52% | 20.00% | 6.96% |
| Q1 2026 | $42M | $36M | $36M | 2.34% | 18.09% | 6.82% |
History
| Line | Q2 2026 | Q1 2026 | Change | Change, percent |
|---|---|---|---|---|
| Assets | ||||
| Cash and balances due from depository institutions | $2.0M | $1.9M | +$83K | +4.4% |
| Federal funds sold | $0K | $0K | $0K | n/a |
| Securities purchased under agreements to resell | $0K | $0K | $0K | n/a |
| Securities (available for sale at fair value plus held to maturity net of allowance) | $0K | $0K | $0K | n/a |
| Equity securities with readily determinable fair values, not held for trading | $0K | $0K | $0K | n/a |
| Loans and leases held for sale | $0K | $0K | $0K | n/a |
| Net loans and leases (after allowance) | $38.2M | $35.5M | +$2.7M | +7.6% |
| Trading assets | $0K | $0K | $0K | n/a |
| Premises and fixed assets | $910K | $917K | -$7K | -0.8% |
| Other real estate owned | $0K | $0K | $0K | n/a |
| Investments in unconsolidated subsidiaries and associated companies | $0K | $0K | $0K | n/a |
| Direct and indirect investments in real estate ventures | $0K | $0K | $0K | n/a |
| Intangible assets (goodwill, servicing, other) | $0K | $0K | $0K | n/a |
| All other assets | $4.1M | $4.0M | +$37K | +0.9% |
| Total assets | $45.2M | $42.4M | +$2.8M | +6.6% |
| Liabilities | ||||
| Total deposits | $39.6M | $36.4M | +$3.1M | +8.6% |
| Federal funds purchased | $0K | $0K | $0K | n/a |
| Securities sold under agreements to repurchase | $0K | $0K | $0K | n/a |
| Trading liabilities | $0K | $0K | $0K | n/a |
| Other borrowed money | $0K | $0K | $0K | n/a |
| Subordinated notes and debentures | $0K | $0K | $0K | n/a |
| All other liabilities | $169K | $124K | +$45K | +36.3% |
| Total liabilities | $39.8M | $36.6M | +$3.2M | +8.7% |
| Equity | ||||
| Perpetual preferred stock | $0K | $0K | $0K | n/a |
| Common stock | $244K | $244K | $0K | 0.0% |
| Surplus | $2.2M | $2.2M | $0K | 0.0% |
| Retained earnings | $3.0M | $3.4M | -$382K | -11.3% |
| Accumulated other comprehensive income | $0K | $0K | $0K | n/a |
| Other equity components | $0K | $0K | $0K | n/a |
| Total equity capital | $5.4M | $5.8M | -$382K | -6.6% |
| Credit and capital | ||||
| Gross nonperforming assets | $0K | $15K | -$15K | -100.0% |
| Adjusted nonperforming assets | $0K | $15K | -$15K | -100.0% |
| Tangible equity plus allowance | $6.1M | $6.4M | -$395K | -6.1% |
| Texas ratio (gross) | 0.00% | 0.23% | -0.23 pts | See points |
| Texas ratio (adjusted) | 0.00% | 0.23% | -0.23 pts | See points |
| Texas ratio (adjusted, with performing restructured) | 0.00% | 0.23% | -0.23 pts | See points |
| Tier 1 capital to risk-weighted assets | 15.27% | 16.84% | -1.57 pts | See points |
| Common equity Tier 1 to risk-weighted assets | 15.27% | 16.84% | -1.57 pts | See points |
| Tier 2 capital to risk-weighted assets | 1.25% | 1.25% | -0.00 pts | See points |
| Total risk-based capital to risk-weighted assets | 16.52% | 18.10% | -1.57 pts | See points |
| Tier 1 leverage (approximate) | 12.08% | 13.06% | -0.98 pts | See points |
| Construction and land loans to total capital | 108.30% | 96.24% | +12.07 pts | See points |
| Commercial real estate to total capital | 217.72% | 199.55% | +18.16 pts | See points |
| Dividend payout, year to date | 122.32% | 0.00% | +122.32 pts | See points |
| Securities unrealized gain (loss) to Tier 1 capital | 0.00% | 0.00% | 0.00 pts | See points |
| Liquidity | ||||
| Core deposits | $26.7M | $25.4M | +$1.3M | +5.0% |
| Non-core funding | $12.9M | $11.0M | +$1.9M | +17.0% |
| Loans to core deposits | 145.62% | 142.34% | +3.28 pts | See points |
| Loans to deposits | 98.14% | 99.25% | -1.11 pts | See points |
| Brokered deposits share of deposits | 0.00% | 0.00% | 0.00 pts | See points |
| Pledged securities share of securities | Not reported | Not reported | Not reported | See points |
| Loans pledged, share of loans | 38.83% | 42.27% | -3.44 pts | See points |
| Volatile liabilities | $12.9M | $11.0M | +$1.9M | +17.0% |
| Earnings | ||||
| Earnings before provision, year to date | $560K | $257K | +$303K | +117.9% |
| Earnings before provision, single quarter | $303K | $257K | +$46K | +17.9% |
| Provision for credit losses, year to date | $0K | $0K | $0K | n/a |
| Yield and cost | ||||
| Yield on loans and leases | 8.44% | 8.03% | +0.41 pts | See points |
| Yield on interest-bearing balances due from banks | 3.72% | 1.84% | +1.88 pts | See points |
| Total interest income to average assets | 7.32% | 7.00% | +0.31 pts | See points |
| Cost of interest-bearing transaction accounts | 0.10% | 0.10% | +0.00 pts | See points |
| Cost of savings and money market deposits | 0.83% | 0.60% | +0.23 pts | See points |
| Cost of time deposits | 3.19% | 3.16% | +0.02 pts | See points |
| Total interest expense to average assets | 1.17% | 1.16% | +0.01 pts | See points |
Dollar lines show the change in dollars and percent. Ratio lines show the change in percentage points. Earnings lines marked year to date restart each January; the single-quarter line removes that restart.
Recent activity
No reviewed changes are available for this institution in the tracked window. This does not establish that no event occurred.
Ten-year database
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| 2026-09-30 | $44M | $38M | $36M | 2.65% | 20.84% | 7.06% |
| 2026-06-30 | $45M | $40M | $38M | 2.52% | 20.00% | 6.96% |
| 2026-03-31 | $42M | $36M | $36M | 2.34% | 18.09% | 6.82% |
Branch detail unavailable. Locations are not inferred from headquarters.
Annual FDIC Summary of Deposits, by state, as of the 2025 snapshot effective 2025-06-30. Deposits and share are as of that retained annual snapshot, not a quarterly balance — do not compare directly to Call Report deposit figures reported elsewhere on this profile.
| State | Deposits | Market share | Rank | Year over year |
|---|---|---|---|---|
| WA | $45.9M | 0.02% | 57 | Continuing · +0.00 pp |
Source: FDIC Summary of Deposits, annual release. Market share divides this institution's reported branch deposits by all retained deposits in the same state for the same year — not a quarterly balance, current rate, or organic-growth attribution. Inspect year-over-year market change →
Workforce history unavailable: no compatible reported FTE or office observation. Missing values are not zero.
No matched ownership, transformations, or reviewed revisions are available. Absence of a match is not proof that no change occurred.