Sound Banking Company is a state-chartered bank headquartered in Lakewood, Washington, in business for about 36 years. At the end of Q2 2026 it reported $45.2M in total assets and $39.6M in deposits, with 1 office.
Based on its Q2 2026 filing, Sound Banking Company scores 82/100, which we describe as strong. That is higher than 70% of 546 banks with under $100 million in assets. Among 29 banks headquartered in Washington, it ranks 3rd. Its strongest component is loan quality (100/100; 0.00%), and its lowest is funding & liquidity (39/100; 97% loans-to-deposits, 37% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 2 points (80 → 82), mostly because the capital cushion component improved by 8 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 83 |
| Q3 2024 | 82 |
| Q4 2024 | 74 |
| Q1 2025 | 83 |
| Q2 2025 | 80 |
| Q3 2025 | 83 |
| Q4 2025 | 80 |
| Q1 2026 | 85 |
| Q2 2026 | 82 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.17% |
| Q3 2024 | 11.44% |
| Q4 2024 | 10.54% |
| Q1 2025 | 11.68% |
| Q2 2025 | 11.30% |
| Q3 2025 | 12.08% |
| Q4 2025 | 11.94% |
| Q1 2026 | 13.06% |
| Q2 2026 | 12.08% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.05% |
| Q1 2025 | 0.04% |
| Q2 2025 | 0.04% |
| Q3 2025 | 0.04% |
| Q4 2025 | 0.04% |
| Q1 2026 | 0.04% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 2.14% |
| Q3 2024 | 2.20% |
| Q4 2024 | 1.77% |
| Q1 2025 | 1.91% |
| Q2 2025 | 2.49% |
| Q3 2025 | 2.48% |
| Q4 2025 | 1.88% |
| Q1 2026 | 2.34% |
| Q2 2026 | 2.52% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 82 | $45.2M | 12.08% | 0.00% | 2.52% | 96.6% |
| Q1 2026 | 85 | $42.4M | 13.06% | 0.04% | 2.34% | 97.5% |
| Q4 2025 | 80 | $45.6M | 11.94% | 0.04% | 1.88% | 97.8% |
| Q3 2025 | 83 | $51.8M | 12.08% | 0.04% | 2.48% | 85.6% |
| Q2 2025 | 80 | $51.4M | 11.30% | 0.04% | 2.49% | 85.0% |
| Q1 2025 | 83 | $52.0M | 11.68% | 0.04% | 1.91% | 81.4% |
| Q4 2024 | 74 | $47.6M | 10.54% | 0.05% | 1.77% | 87.1% |
| Q3 2024 | 82 | $50.4M | 11.44% | 0.00% | 2.20% | 84.9% |
| Q2 2024 | 83 | $44.5M | 12.17% | 0.00% | 2.14% | 95.9% |
546 peers · Under $100 million in assets
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Washington
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Farmers State BankBank Winthrop, WA | 86 out of 100, Very strong | $47.4M | 12.4% | 0.00% | vs |
| Lamont Bank of St. JohnBank Saint John, WA | 14 out of 100, Low | $51.1M | 3.0% | 49.79% | vs |
| Connect Community BankBank Raymond, WA | 45 out of 100, Below average | $72.7M | 3.6% | 0.15% | vs |
Deposit insurance
Is my money safe at Sound Banking Company?
Yes. Sound Banking Company is an FDIC-insured institution (FDIC certificate #33183). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 37.4% of deposits ($14.8M) are above the $250,000 FDIC insurance limit, above the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.08%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.52% (benchmark: 10%).
1 location
Branches
Sound Banking Company lists 1 office in 1 city. Most locations:
- Lakewood, WA (1)
Identity & history
Profile
- Legal name
- Sound Banking Company
- Type
- State-chartered bank
- FDIC certificate #
- 33183
- RSSD ID
- 1494482
- Primary regulator
- FDIC
- Established
- November 1, 1990
- Headquarters
- 6107 Lake Grove St Sw, Lakewood, WA 98499
- Website
- www.soundbankingco.com
- Employees
- 5
Quick answers
Sound Banking Company: common questions
Is Sound Banking Company FDIC insured?
Yes. Sound Banking Company is an FDIC-insured institution (FDIC certificate #33183). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Sound Banking Company's TellerScore?
82 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Sound Banking Company ever failed?
There is no failure record for FDIC certificate #33183 in the FDIC failed bank list.
How many branches does Sound Banking Company have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Lakewood
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Operating Engineers Local Union #3 Federal Credit UnionCredit union Livermore, CA | 92 out of 100, Very strong | $1.7B | 15.5% | 0.60% | vs |
| Cascade Federal Credit UnionCredit union Kent, WA | 88 out of 100, Very strong | $392.6M | 13.3% | 0.79% | vs |
| Wcla Credit UnionCredit union Olympia, WA | 86 out of 100, Very strong | $141.9M | 17.5% | 0.29% | vs |
| Tacoma Longshoremen Credit UnionCredit union Tacoma, WA | 84 out of 100, Strong | $116.9M | 13.6% | 0.07% | vs |
| Armed Forces Bank, National AssociationBank Fort Leavenworth, KS | 83 out of 100, Strong | $1.4B | 13.9% | 1.21% | vs |
| Our Community Credit UnionCredit union Shelton, WA | 82 out of 100, Strong | $638.3M | 12.7% | 0.48% | vs |