Sound Banking Company: how it compares with its peers
Against 455 U.S. banks with half to twice its assets, Sound Banking Company's strongest measure in Q2 2026 is net interest margin (6.96% vs. a 3.87% peer median). Its weakest relative measure is efficiency ratio (61.35% vs. 70.25%).
| Measure | Sound Banking Company | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.52% | 1.03% | Top third Ahead of 93% of peers |
| Net interest margin Annualized net interest income over earning assets. | 6.96% | 3.87% | Top third Ahead of 99% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.35% | 70.25% | Top third Ahead of 70% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.0M | $6.0M | Top third Ahead of 87% of peers |
| Loans to deposits Net loans and leases over total deposits. | 96.57% | 64.09% | Context |
What it means for lending operations
Its efficiency ratio of 61.35% is better than the 70.25% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- ITS Bank Johnston, IA · $45M
- 1st Bank in Hominy Hominy, OK · $45M
- Home Savings Bank of Wapakoneta Wapakoneta, OH · $45M
- Marshall County State Bank Newfolden, MN · $45M
- Gala Bank Ocala, FL · $45M
- Highland State Bank Highland, WI · $45M
Questions about Sound Banking Company
How big is Sound Banking Company?
Sound Banking Company, established in 1990, is headquartered in Lakewood, WA. It reported $45M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Sound Banking Company's return on assets?
2.52% annualized in Q2 2026, against a 1.03% median for 455 U.S. banks with half to twice its assets, ahead of 93% of them.
What is Sound Banking Company's efficiency ratio?
61.35% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 70.25%, and lower is better.
Is Sound Banking Company growing its loans?
Net loans shrank 2.0% over the year to Q2 2026, while deposits shrank 13.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Washington bank ranked.