Sound Banking Company is a bank based in Lakewood, Washington, established in 1990, with $42 million in total assets across 1 branch. By Trust Grade it ranks 6th of 30 banks we track in Washington. Its capital ratio of 13.7% is stronger than 63% of similarly sized banks, versus a Washington median of 10.8%. It was profitable over the most recent period, with a 2.34% return on assets. No consumer complaints against Sound Banking Company appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Sound Banking Company compares to Washington peers
How we graded Sound Banking Company
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.7% capital ratio)
- Strongly profitable (ROA 2.34%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Sound Banking Company over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 6107 Lake Grove St Sw, Lakewood, WA 98499
Are deposits at Sound Banking Company insured?
Yes. Sound Banking Company is an FDIC-insured bank (FDIC certificate #33183). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Sound Banking Company: frequently asked questions
Is Sound Banking Company a good bank?
Sound Banking Company earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.7% capital ratio); Strongly profitable (ROA 2.34%).
Is Sound Banking Company FDIC-insured?
Yes. Sound Banking Company is a FDIC-insured bank (FDIC certificate #33183). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Sound Banking Company?
Sound Banking Company holds $42 million in total assets, ranking 6th of 30 banks we track in Washington. It operates 1 branch.
Does Sound Banking Company have CFPB complaints?
No CFPB complaints against Sound Banking Company appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
