# SOUTH SOUND BANK
OLYMPIA, WA · FDIC certificate 35355 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $178.3M | |
| Deposits | $151.4M | |
| Loans and leases | $123.4M | |
| Total equity | $23.8M | |
| Loans / deposits | 80.14% (p53 of band) | 78.40% |
| Liquid assets / assets | 27.79% (p47 of band) | |
| Uninsured deposits / deposits | 34.16% (p93 of band) | 15.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.60% (p74 of band) | 11.34% |
| Unrealized securities loss / equity | -3.16% (p50 of band) | -3.15% |
| AOCI / equity | -1.55% (p53 of band) | |
| ROA (annualized) | 0.15% (p7 of band) | 1.02% |
| Net interest margin | 4.22% (p74 of band) | 3.82% |
| Efficiency ratio | 95.70% (p94 of band) | |
| Noncurrent loans | 0.13% (p26 of band) | 0.57% |
| Net charge-offs (annualized) | -0.06% (p6 of band) | |
| Reserve coverage of noncurrent | 1301.92% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 48.59% (p78 of band) | |
| Auto loans | $113,000 (0.09% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 31 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | charge-offs p90 |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 3 | capital falling, losing money |  |
| 2012-03 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2012-06 | 4 |  | noncurrent p90 |
| 2012-09 | 3 |  | capital falling |
| 2012-12 | 2 |  | reserve under noncurrent |
| 2013-03 | 2 | reserve under noncurrent | losing money |
| 2013-06 | 1 |  | reserve under noncurrent |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 0 |  | charge-offs p90, capital falling |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 1 | charge-offs p90 |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | charge-offs p90 |
| 2015-12 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-03 | 1 | charge-offs p90 | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | charge-offs p90 |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | charge-offs p90 |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 2 | capital falling, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2010-06-02 [USDOJ: US Attorney's Office - WAW - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMieEFVX3lxTE9yQnM0VlpSazVsT0QwZjh3NDRjM1F2Z094bC1aLWluam1xOXN3NElEbFhhQzhyX1AzMVlhUkUxV0UzcklvNk84VF9fLUlURUxPWU9CM3M1T1ZienhuUVRlUWhfVzk4T05VcTZwN1FLSHJzSW5pZjhscw?oc=5) · Department of Justice (.gov)
- 2020-02-20 [For over 100 Years, Giving Back to the Community has Been an Integral Part of Timberland Bank - GraysHarborTalk](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNMmlaRmlPOUd3UHBKRmtZRmk3SG84TE5qcHBiSXY2V2ptbWM1eTl1SnI1QkNjRnNid19TVVJ4Z1pUa0xHb2pmQWtFMW9MZXhBZnpPRU44T01oYVZOR1ZFUlVsOWxkWWV4Y2l2V3FnZGx2aWJQVi1lekFnSWtVYVFhc0Z2YTlzRWMtcGRyWTd3MWdfZ0NpRnljcGtjNndiMTBJOHcxV05Wa21CMmpiV2VRalVTQ3Y1aVpsMGxmTjlHUVJoelFRMlJhWE1pTUpkLW5vSXc?oc=5) · GraysHarborTalk
- 2023-01-23 [Timberland Bancorp’s First Fiscal Quarter Net Income Increases 37% Year-Over-Year - GlobeNewswire](https://news.google.com/rss/articles/CBMi7AFBVV95cUxQZGx2M1RiQTdJRDRlV0tzVUZYanZqUkkwbVg0OTVIZ0NaZW5TaUFBQTN5Qlh5MzhFTWtHeUdNU1EySThYck5LMUdROHZWRklQQTNEdkQxTXdFM19MNUxPRjBtTGU0NnlDMlNXWUhpWWhXYzJyUWktQjBNeHp2dHdLdTljUjVMTnZRbkw5NDlFOC1kZTlhVGpxQ1hzbHFHZURGQlZhc0xNUkxFQk9JX0QyTnJxV2w5VDgydTg4OFBkNWV2djVkZEl5Rkd2RjlLdEdNWFRBRzdVNkVoNUtaOG9fQkxQUlFPQzlXcllHMg?oc=5) · GlobeNewswire
- 2018-04-03 [Sowing Seeds of Hope at the Family Education and Support Services Gala - ThurstonTalk](https://news.google.com/rss/articles/CBMingFBVV95cUxONmY1Y3E2VjdvMUFrTGpYeHJJdjl0RDlOd2thajYwZVQ3X3cxQ0FveGc1T3dWVzg1T3dISHVmYTVsajJLRGdvM3lPMktyWUJ3Wk9tMU1FLTZ5Nkl1eWotQWt6cDl0VVRwZ09UckZqM0RwRWxubFQ5UE1kR0lTVEYwdlc1MEdZdjZwSjV6c1lwcUw3QnNfeGwyalg2TjdRZw?oc=5) · ThurstonTalk
- 2006-07-30 [Jasmine Ball Obituary (2006) - Olympia, WA - The Olympian - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQYVlka29ubUEtODhVOHpCbWdfdF9vWUVIUHI3WFgybTRlQnZsWFdQSXZIdG92TGpSUXFhM3FMcGNuLUJjSS1zSUpzT0lseWVWOXV1UzVocDNFNVlfY0p2ZWtnYV93UnlRNWRmZVJnV0hSVklCVEJIdVdMcW9YMDhDU0FfT09VN1I3RmEwUkh3NlM?oc=5) · legacy.com
- 2019-01-08 [Lacey Loves to Read Celebrates 16 years with Graphic Novelist Kazu Kibuishi - ThurstonTalk](https://news.google.com/rss/articles/CBMitwFBVV95cUxQdmhtNTIwbldZc09iQmVZQzAyaWRMWmxZcDVZd3hub2RDZkI2a2hqUHN4VFdxWERFcGFEM1l2Rm5ZandwY2dYOVNMZ0xHUmQtSUYwRC1JX2xxVTVfd2NScVRnVkhqbmxLTGNaSDYxdVI3cFpuZE9mcVNKV25KT1pQZ3RrOGZtTzNzTVlGbjRuZ2x2NnB6SzBMemNvS3ZFZGJSVGFrUGswUUFEM1lmRjc4LTV2YnVJREk?oc=5) · ThurstonTalk

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35355 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/27.json (key "35355", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide