Sound Community Bank: how it compares with its peers
Against 10 WA banks with half to twice its assets, Sound Community Bank's strongest measure in Q2 2026 is assets per employee ($9.5M vs. a $8.4M peer median). Its weakest relative measure is return on assets (0.87% vs. 0.96%).
| Measure | Sound Community Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.87% | 0.96% | Middle third Ahead of 40% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.70% | 3.62% | Middle third Ahead of 60% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 71.93% | 69.27% | Middle third Ahead of 40% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.5M | $8.4M | Top third Ahead of 90% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.46% | 85.03% | Context |
What it means for lending operations
Its efficiency ratio of 71.93% is above the 69.27% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Olympia Federal Savings and Loan Association Olympia, WA · $1.02B
- Mountain Pacific Bank Everett, WA · $896M
- Seattle Bank Seattle, WA · $891M
- Commencement Bank Tacoma, WA · $740M
- Baker-Boyer National Bank Walla Walla, WA · $693M
Questions about Sound Community Bank
How big is Sound Community Bank?
Sound Community Bank, established in 1953, is headquartered in Seattle, WA. It reported $1.07B in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Sound Community Bank's return on assets?
0.87% annualized in Q2 2026, against a 0.96% median for 10 WA banks with half to twice its assets, ahead of 40% of them.
What is Sound Community Bank's efficiency ratio?
71.93% in Q2 2026: it spent about 72 cents in noninterest expense for each dollar of revenue. The peer median is 69.27%, and lower is better.
Is Sound Community Bank growing its loans?
Net loans shrank 1.4% over the year to Q2 2026, while deposits grew 3.1%.
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 WA 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.