# SOUND COMMUNITY BANK
SEATTLE, WA · FDIC certificate 57451 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $1.07B | |
| Deposits | $937.1M | |
| Loans and leases | $893.6M | |
| Total equity | $117.1M | |
| Loans / deposits | 94.46% (p72 of band) | 87.10% |
| Liquid assets / assets | 12.15% (p11 of band) | |
| Uninsured deposits / deposits | 20.16% (p18 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.93% (p59 of band) | 10.50% |
| Unrealized securities loss / equity | -1.12% (p87 of band) | -7.75% |
| AOCI / equity | 0.04% (p81 of band) | |
| ROA (annualized) | 0.87% (p22 of band) | 1.26% |
| Net interest margin | 3.70% (p50 of band) | 3.70% |
| Efficiency ratio | 71.93% (p82 of band) | |
| Noncurrent loans | 0.90% (p70 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p37 of band) | |
| Reserve coverage of noncurrent | 104.83% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 67.17% (p69 of band) | |
| Auto loans | $2.8M (0.31% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 3.1% | |
| Employees | 112 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, liquid assets <10%, charge-offs p90 |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 1 |  | loans exceed deposits, charge-offs p90 |
| 2011-12 | 2 | reserve under noncurrent |  |
| 2012-03 | 2 | charge-offs p90 | reserve under noncurrent |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | liquid assets <10% |
| 2012-12 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2013-03 | 3 | construction >100% equity | charge-offs p90 |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 2 |  | construction >100% equity |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 3 |  |  |
| 2015-06 | 2 |  | capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 | construction >100% equity | liquid assets <10% |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 4 | liquid assets <10% |  |
| 2016-09 | 3 |  | liquid assets <10% |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | capital falling |
| 2017-06 | 0 |  | loans exceed deposits, construction >100% equity |
| 2017-09 | 0 |  |  |
| 2017-12 | 2 | loans exceed deposits, capital falling |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | liquid assets <10% |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 2 | liquid assets <10%, construction >100% equity |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | construction >100% equity |
| 2020-06 | 0 |  | liquid assets <10% |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2022-09 | 3 | construction >100% equity |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | uninsured deposits leaving |  |
| 2023-06 | 3 |  | liquid assets <10% |
| 2023-09 | 2 |  | uninsured deposits leaving |
| 2023-12 | 4 | liquid assets <10%, capital falling |  |
| 2024-03 | 3 | reserve under noncurrent | loans exceed deposits, liquid assets <10% |
| 2024-06 | 2 | expense ratio p90 | construction >100% equity, capital falling |
| 2024-09 | 0 |  | reserve under noncurrent, expense ratio p90 |
| 2024-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2025-03 | 1 | reserve under noncurrent | loans exceed deposits, liquid assets <10% |
| 2025-06 | 0 |  | reserve under noncurrent |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2026-09-01 [Sound Community Bank CEO reflects on the path from credit union to Nasdaq - The Business Journals](https://news.google.com/rss/articles/CBMinAFBVV95cUxPTDVWUnFId2dFc1QwWDlPdmZfRTl3T1dLWVVnaVpJaTFXU08zUHlRZGVpdFpSVWZ3bnVGcGlSdVBPMElqLXRGTXlrdVRDU05OME9pNEJEU1VKMWk1c0xhQWtrVkRaTUJtamVBV2ZETDlJN1RpdVZaQ293ZC1SVFNEa3lBdF91ZnJZNC0tTjc4OERmMFVjOXZNa0dGaHA?oc=5) · The Business Journals
- 2026-04-21 [How a community bank is handling uncertainty and a new crypto age - marketplace.org](https://news.google.com/rss/articles/CBMirwFBVV95cUxNMUpfNmhNSEZWT3JJMEZTUk1jMk5fS2FBT0VVUzdldmVEWWxqeWRqU2RvczdkUzZtLUpBZUVJb3dlU0RiSGkxdWdUSWFEVkgyd2NMSDNGQXUyMWJ6X25WMElyUG5BdURoZHU4dmZzaXRldEZKNXBvdy1fMnFlS1FtMlBLMzV0U09keVB0WEVkaUFneHlBemNDaHU4c0NTNXRNSElvWTZnTDhlbzBRN3VJ?oc=5) · marketplace.org
- 2025-12-04 [Sound Community Bank Data Breach Exposes Members' Social Security Numbers - Claim Depot](https://news.google.com/rss/articles/CBMickFVX3lxTE1YUnlfZzNLdDVzN3Zna2paN0FlOU1BTlJiRXlrS1lfWGJCNmF4cFpxNzAwOGdCUzBNRlBtaWVsaGpubFpkR0plZnFZZEJqVnJEQkxpNXRCR0VDU0V3OVlKN0hmMlFaWlF4aUU3NW9CcUJPUQ?oc=5) · Claim Depot
- 2025-09-24 [Seattle bank promotes longtime executive to president - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQTVdQT0VpUHAtQUx4Qm9EN1RkNXkzZl83T204cDNZd0FLdEZKamU3Ui1qZk5FRnluUVpqTTdvSWxva3lBbmx1TGVFS1N4R3NWQjZoTUx6LVRFUzhSNUdFZkJlYnNhb2hiaG4zQjZ2NmVRdjMyYURpeFVnUEhhM0Zkcm41amxhUE5yWjVBMDJvbkRyYndJRHpFZGZnYVZveTA0cUhOYmI1RQ?oc=5) · The Business Journals
- 2018-11-29 [Community Banker of the Year: Sound Financial's Laurie Stewart - American Banker](https://news.google.com/rss/articles/CBMinAFBVV95cUxNbVR0dVEzMklYaXp1dmxfbFIwZVBWME1pZVdCTGFndGJ5YjFwWmRwZWFUNTRrTWstRUxraGwyT0NvQmdhV0xSMjR6NTFWN3JHUUpKbXhCSTlLamNTYUVTZWZNbXBxY3ZmejNrYW1Ra29Gcm9uZzBrMWl1eHBrNF9WU0JPZU9qcDBHOGY1cWJIWjFIVUp1X2ZKYklscWU?oc=5) · American Banker
- 2025-04-23 [Community banks remain resilient through uncertainty - marketplace.org](https://news.google.com/rss/articles/CBMipgFBVV95cUxNRFVfQmZJMjVYTlBRbExTTjFjQzZ1aTZ2aGtqalhVT0I2aC13V0taRjVzczczdFBaenZHd0VKeXhGU0o4bU9XR2YzbWlWYTJWWGVLaVdoZVlkekZHcGtPWXhJdTM3RHR3OUtoellsVDZRd09DdDNuaXpsZ25xU0tZMi11TkUta1RSZUNVVHRaSkg5ZUhNWjdvdnNvV3E5ZFVua0xGSzh3?oc=5) · marketplace.org
- 2024-05-13 [Sound Financial Bancorp, Inc. Releases Q3 10-Q Report - TradingView](https://news.google.com/rss/articles/CBMiswFBVV95cUxObl9NR21BVm1qT2lPVkZmVndXVzB1XzFBNzR4eUFSRW9TSXBYaTNrRjZpR0R1aWxoaTU0a2QwbTZzQ2pycEdmdVVJdVE0eEZzMnNtVUNIMXJqUzEwNHBiNnY0SzcybmNkUWs3NmY2eWl6Q1EwbVFTTDVsNWNqbUpfbTVQSFFBM3QxOEs2M0YzMHhMbUVGZEQ0TWgyaXM3UFBHVktGWjBoZThva3Z3OEtPOUJCUQ?oc=5) · TradingView
- 2019-09-22 [Most Powerful Women in Banking: No. 25, Sound Community Bank's Laura Lee Stewart - American Banker](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNYkI0b3pWaThzU0dtNk81NzhQQXdMY2toNVVLMFRFR0JKQU8wM1JFaVpSWVZMWFdwTzJaMkxueWpibFhyQWNPdC16S0xHSkhoR3RWWXRydnlLeEJHV01RMUhHRHBYeUZ0WVViNS1oSHJXcGd3R0M3ZFMzdzZxOURHay01eTZsUmVESnRIX0V6aGtSYXdLNXk2TlVVX2xXbDBUTkM0MVFuLVdjTzlHN2llZmNhcHMyMkx2?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57451 (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/43.json (key "57451", 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.

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