Sound Community Bank
FDIC #57451
📍 Seattle, Washington
Sound Community Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1953. With assets of $1.03 Billion, it operates 10 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2022
Satisfactory
December 1, 2019
Satisfactory
March 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.03 Billion
Total Deposits$864.33 Million
Equity Capital$111.51 Million
Net Income$7.07 Million
📈 Performance
ROA0.94%
ROE8.60%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1953
FDIC Cert57451
Holding CoSound Financial Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:30 PM
Tuesday9:00 AM - 5:30 PM
Wednesday9:00 AM - 5:30 PM
Thursday9:00 AM - 5:30 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2020
Relocation
Moved HQ to: 2400 Third Avenue, Seattle, WA 98121.
2009
Relocation
Moved HQ to: 2001 5th Ave., Seattle, WA 98121.
2006
Name Change
Name became: Changed Institution Name To Sound Community Bank.
2006
Relocation
Moved HQ to: 430 Virginia Street, Seattle, WA 98101.
2003
Name Change
Name became: Changed Institution Name To Credit Union Of The Pacific.