Sound Banking Company is an FDIC insured institution headquartered at
6107 Lake Grove St Sw, Lakewood, WA 98499.
It was founded in
1990 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.
Tap into your home's equity & access the funds you need with a HELOC
Apply online or speak with a specialist
No application, origination & appraisal fees on lines up to $500K
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .
Overview 2026
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 33183
Date Established
1990
Assets
$ 51.85 million
Loans
$ 39.31 million
Deposits
$ 45.93 million
Capital
$ 5.72 million
Summary Balance Sheet as of September 30, 2025
ASSETS
Cash & Balances due from depository institutions
$ 7.64 million
Interest-bearing balances
$ 6.92 million
Total securities
N.A.
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 39.31 million
Loan loss allowance
$ 0.63 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
N.A.
All other assets
$ 3.63 million
Total Assets
$ 46.13 million
LIABILITIES
Total deposits
$ 45.93 million
Interest-bearing deposits
$ 30.56 million
Deposits held in domestic offices
$ 45.93 million
% insured (estimated)"
58.36%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 0.13 millionn
Total Liabilities
$ 46.13 million
Shareholders’ Equity
$ 5.72 million
Summary Income Statement as of September 30, 2025
INCOME AND EXPENSES
Total Interest Income
$ 2.54 million
Total Interest Expense
$ 0.47 million
Net interest income
$ 2.07 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 0.16 million
Total non interest expense
$ 1.28 million
Pre-tax Net Operating Income
$ 0.64 million
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Branches
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