Sound Community Bank
Also written as SCB
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Data as of · sourced from FFIEC call reports. How we update
Sound Community Bank is an FDIC-insured commercial bank headquartered in Seattle, WA, established in 1953 (FDIC certificate 57451), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.07B, up 0.7% from Q2 2025, the 13th largest of 29 banks headquartered in Washington. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.93% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57451
- Headquarters
- Seattle, WA
- Established
- 1953
- Total assets, Q2 2026
- $1.07B
- Assets vs Q2 2025
- +0.7%
- Tier 1 leverage ratio, Q2 2026
- 10.93%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 325081306
- Latest call report
- Q2 2026, FFIEC 051 · Sound Community Bank call report
- Holding company
- SOUND FINANCIAL BANCORP, INC.
- Asset rank in state
- 13th of 29 in Washington
Problem loans are rising at Sound Community Bank. Its balance sheet stood at $1.1 billion at June 30, 2026; it is based in Seattle, Washington. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.90% of loans from 0.37% a year earlier. It shrank its loan book 1.4% over the year, lower than about three-quarters of the 880 banks with $1 billion to $10 billion in assets (median 6.0%). It also holds about a fifth of its deposits (20%) above the FDIC insurance limit, lower than about three-quarters of banks its size (median 30.9%).
Delinquency has appeared in its $165 million multifamily book: 1.90% of those loans are past due or on nonaccrual, against almost none a year earlier. Net income for the quarter rose 21% from a year earlier, to $2.9 million. Costs are the weak spot: it spends about 69 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Sound Community Bank reported a return on assets of 1.06%, a nonperforming-loan ratio of 0.90% and a Texas ratio of 6.48%. The figures come from its call report filed with the FFIEC.
Of the 29 banks headquartered in Washington, Sound Community Bank is the 13th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 4.1% to $1.07B, loans fell 3.1% and deposits fell 3.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 32.7% of total loans, ahead of multifamily loans at 18.5%. Its 9 offices in the FDIC Summary of Deposits are in 6 cities in WA; its Sequim 2 offices book 32% of its branch deposits. By the capital ratios in its Q2 2026 call report, Sound Community Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 2400 3rd Ave, Seattle, WA 98121
- County
- King
- Metro Area
- Seattle-Tacoma-Bellevue, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1953
- Former names
- Credit Union of the Pacific (1996-2003); Credit Union of the Pacific Federal Credit Union (1992-1996)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 112
- Domestic deposits
- $937.1M
- Allowance for credit losses
- $8.4M
- Net charge-offs (YTD)
- $49K
- Average total assets
- $1.07B
- Average total loans
- $916.3M
- Average interest-bearing deposits
- $805.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 19, 2003
- FDIC Cert
- 57451
- Fed RSSD
- 429487
- SEC CIK
- 1541119 → filed by SOUND FINANCIAL BANCORP, INC.
- Website
- http://www.soundcb.com →
- Parent Holding Company
- SOUND FINANCIAL BANCORP, INC. (RSSD 3843646) · SFBC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Stewart Laura Lee | CEO | Chief Executive Officer |
| Wes Ochs | PRES | President and CFO |
| Heidi Sexton | COO | Executive Vice President/COO |
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Sound Community Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Sound Community Bank's total assets ranged from $993.8M (Q4 2024) to $1.11B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.07B total assets against $1.06B; $948.8M total liabilities against $947.1M.
$885.1M net loans and leases against $897.8M; $937.1M total deposits against $909.1M.
$9.5M securities against $9.6M; $120.0M cash and balances due against $102.5M.
$14.9M total interest income against $15.0M; $5.1M total interest expense against $5.5M.
$9.8M net interest income against $9.5M.
$1.4M total noninterest income against $1.1M; $7.8M total noninterest expense against $7.3M.
-$224K provision for credit losses against $170K.
$2.9M net income against $2.4M.
1.06% return on assets against 0.89%; 3.82% net interest margin against 3.73%.
10.93% tier 1 leverage ratio against 10.60%.
Inside the full Sound Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Sound Community Bank rankings
Its closest position to the top of a national ranking is 980 of 4,196, for total assets; its furthest is 811 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.53% (Q3 2024) to 1.06% (Q2 2026) and its net interest margin ran from 3.07% (Q3 2024) to 3.82% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.93% | 1.06% | 0.90% | 6.48% | 3.82% |
| Q1 2026 | 10.62% | 0.69% | 0.80% | 6.02% | 3.52% |
| Q4 2025 | 10.93% | 0.96% | 0.64% | 4.93% | 3.47% |
| Q3 2025 | 10.71% | 0.74% | 0.30% | 2.52% | 3.58% |
| Q2 2025 | 10.60% | 0.89% | 0.37% | 3.08% | 3.73% |
| Q1 2025 | 10.76% | 0.56% | 1.08% | 8.06% | 3.28% |
| Q4 2024 | 10.60% | 0.80% | 0.83% | 6.12% | 3.22% |
| Q3 2024 | 10.40% | 0.53% | 0.94% | 7.10% | 3.07% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Belltown | Seattle , WA | 98121 | $288.1M |
| Sequim Village Branch | Sequim , WA | 98382 | $286.9M |
| Port Angeles Branch | Port Angeles , WA | 98362 | $153.1M |
| Cedar Plaza | Mountlake Terrace , WA | 98043 | $71.9M |
| University Place Branch | University Place , WA | 98467 | $69.7M |
| Port Ludlow Branch | Port Ludlow , WA | 98365 | $51.8M |
| Creekside | Sequim , WA | 98382 | $15.6M |
| Downtown Seattle Office | Seattle , WA | 98121 | $0 |
| Sound Community Bank (main office) | Seattle , WA | 98121 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 30, 1992 | Structure Change | Acquired Frederick & Nelson Employees Federal Credit Union Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC (former OTS))
- October 21, 2008, OCC (former OTS): Civil Money Penalty: Sound Community Bank
- Period: Most recent institution action October 21, 2008. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in WA, rank 25 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 271 applications, 180 loans originated, $40.4M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $200K approved, $200K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2017 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Sound Community Bank
What are Sound Community Bank's total assets?
As of the Q2 2026 filing, Sound Community Bank reported total assets of $1.07 billion in its FFIEC call report.
Where is Sound Community Bank headquartered?
It is headquartered in Seattle, WA, United States.
When was Sound Community Bank founded?
It was established in 1953, per the FDIC institution directory.
Is Sound Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57451). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sound Community Bank?
Sound Community Bank's primary federal regulator is the FDIC.
How many branches does Sound Community Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sound Community Bank's Texas Ratio?
Its Texas Ratio is 6.48% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Sound Community Bank previously called?
The charter now named Sound Community Bank has also operated as Credit Union of the Pacific (1996-2003), Credit Union of the Pacific Federal Credit Union (1992-1996), per FDIC structure-change records.
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