Heritage Bank vs Sound Banking Company
Comparing a Bank in Olympia, WA with a Bank in Lakewood, WA using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Heritage Bank ↗ Bank · Olympia, WA · Est. 1927 | Sound Banking Company ↗ Bank · Lakewood, WA · Est. 1990 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | Olympia, WA | Lakewood, WA |
| Total assets | $8.5B | $42.4M |
| Capital ratio | 13.2% | 13.7% |
| Return on assets | 1.2% | 2.3% |
| Deposits | $7.3B | $36.4M |
| Branches | 68 | 1 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #4 of 30 | #6 of 30 |
| Established | 1927 | 1990 |
Heritage Bank
- Assets: $8.5B
- Deposits: $7.3B
- Capital ratio: 13.2%
- Return on assets: 1.2%
- CFPB complaints: 0
- State rank: #4 of 30
Sound Banking Company
- Assets: $42.4M
- Deposits: $36.4M
- Capital ratio: 13.7%
- Return on assets: 2.3%
- CFPB complaints: 0
- State rank: #6 of 30
Are both institutions federally insured?
Yes. Heritage Bank is FDIC-insured and Sound Banking Company is FDIC-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Heritage Bank or Sound Banking Company?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Heritage Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Heritage Bank safe?
Yes — Heritage Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Sound Banking Company safe?
Yes — Sound Banking Company is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Heritage Bank vs Sound Banking Company?
Heritage Bank has a capital ratio of 13.2%, placing it in the top 14% of $1B–10B peers. Sound Banking Company's ratio is 13.7%, placing it in the top 37% of <$100M peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Heritage Bank have compared to Sound Banking Company?
The CFPB database shows 0 complaints against Heritage Bank, and 0 complaints against Sound Banking Company. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Heritage Bank with other Banks in Washington
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
