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Sound Banking Company

under $100M Specialty: Commercial WA FDIC cert 33183

Designations: ✓ Community bank

Lakewood, WA

541 banks in the under $100M peer group nationally 4 in WA
View under $100M leaderboard (WA) →

Sound Banking Company has 4 strengths but faces 1 concern

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Return on Assets 1.50% above tier average
  • + Net Interest Margin 2.96% above tier average
  • + Efficiency Ratio 24.85% below tier average
  • + Delinquency Rate 1.33% below tier average

Key Concerns

Areas that may need attention

  • - Loan-to-Deposit Ratio 33.30% above tier average
Get updates when Sound Banking Company releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Total Assets ? $42.4M
-18.5% YoY -7.0% QoQ
-$19.8M $62.2M
-0.6% YoY
$3.1B
+4.0% YoY
$6.2B
+9.1% YoY
23%
Total Loans ? $35.5M
-5.6% YoY -9.0% QoQ
+$1.3M $34.2M
-1.4% YoY
$2.2B
+2.0% YoY
$3.2B
+10.8% YoY
56%
Total Deposits ? $36.4M
-21.2% YoY -8.7% QoQ
-$15.3M $51.7M
-0.7% YoY
$2.5B
+4.5% YoY
$4.8B
+8.2% YoY
26%
Return on Assets ? 2.34%
+22.3% YoY +24.1% QoQ
+1.50% 0.84%
-2.3% YoY
0.33%
-42.8% YoY
1.23%
+13.4% YoY
Top 6.1% in tier
Net Interest Margin ? 6.82%
+21.4% YoY +8.3% QoQ
+2.96% 3.86%
+2.8% YoY
3.69%
+1.2% YoY
3.89%
+5.7% YoY
Top 0.2% in tier
Efficiency Ratio ? 63.49%
-1.2% YoY -7.9% QoQ
-24.85% 88.34%
+0.3% YoY
71.09%
-8.1% YoY
66.95%
-4.1% YoY
68%
Delinquency Rate ? 0.04%
-6.6% YoY +9.9% QoQ
-1.33% 1.37%
+33.8% YoY
1.35%
+102.7% YoY
0.95%
+18.8% YoY
68%
Loan-to-Deposit Ratio ? 97.51%
+19.8% YoY -0.3% QoQ
+33.30% 64.22%
-0.7% YoY
81.10%
-2.4% YoY
76.70%
+0.9% YoY
Bottom 9.1% in tier
Non-Interest-Bearing Deposit Share ? 27.19%
+8.7% YoY -22.3% QoQ
+3.47% 23.71%
+0.3% YoY
25.15%
+1.1% YoY
22.01%
-1.2% YoY
64%
Nonperforming Asset Ratio ? 0.04%
+8.3% YoY +7.6% QoQ
-0.75% 0.79%
+28.2% YoY
0.95%
+54.5% YoY
0.67%
+19.3% YoY
66%
Tier 1 Capital Ratio ? 16.84%
+13.9% YoY +19.2% QoQ
-9.84% 26.68%
+2.0% YoY
13.58%
+1.6% YoY
17.06%
+0.8% YoY
58%
Non-Interest Income / Assets ? 0.13%
+38.0% YoY -76.3% QoQ
-0.54% 0.67%
+1.9% YoY
0.20%
+3.0% YoY
0.32%
+4.1% YoY
79%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 541 peers in under $100M

Top Strengths (3 metrics)

2
Net Interest Margin
profitability
Value: 6.82%
Peer Median: 3.86%
#2 of 541 Top 0.2% in under $100M
34
Return on Assets
profitability
Value: 2.34%
Peer Median: 0.84%
#34 of 541 Top 6.1% in under $100M
116
Non-Interest Income / Assets
revenue_mix
Value: 0.13%
Peer Median: 0.67%
#116 of 541 Top 21.3% in under $100M

Top Weaknesses (2 metrics)

493
Loan-to-Deposit Ratio
liquidity
Value: 97.51%
Peer Median: 64.22%
#493 of 541 Bottom 9.1% in under $100M
415
Total Assets
size
Value: $42.38M
Peer Median: $62.16M
#415 of 541 Bottom 23.5% in under $100M
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