Sound Community Bank Mortgage Rates, Fees & Info
Seattle, WA
LEI: 549300U8DCOOTG96YM89
Tax ID: 91-0619653
4.5 stars
-
out of 5 stars, based on 26 reviews
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Mortgage Data
Bank Data
Overview
Sound Community Bank is a
smaller
bank
specializing in
Cash Out Refi, Refi, and Home Purchase loans.
Sound Community Bank has a high proportion of conventional loans.
Their top markets include Seattle, Port Angeles, Bremerton, Ellensburg, and Oak Harbor among others. Sound Community Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Sound Community Bank is typically
an average fee
lendor.
Originations
696
Origination Dollar Volume (All Markets)
$245,410,000
Employee count
136
Relative Rate
Sound Community Bank's average 30 year fixed rate mortgage of loans were
3.31%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.16%.
Relative Fees
Sound Community Bank's average total fees for a 30 year fixed rate
mortgage are $4,730.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)
|
304
|
$143,860,000 |
$473,224 |
$5,426 |
4.13% |
Port Angeles, WA (FHA|USDA|VA)
|
261
|
$61,795,000 |
$236,762 |
$3,363 |
3.25% |
Outside of Metro Areas
|
32 |
$9,290,000 |
$290,313 |
$3,964 |
3.39% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA)
|
26
|
$5,260,000 |
$202,308 |
$3,562 |
4.35% |
Ellensburg, WA (FHA|USDA|VA)
|
6
|
$5,140,000 |
$856,667 |
$4,967 |
3.23% |
Oak Harbor, WA (FHA|USDA|VA)
|
7
|
$2,655,000 |
$379,286 |
$5,468 |
4.88% |
BELLINGHAM, WA (FHA|USDA|VA)
|
10
|
$2,310,000 |
$231,000 |
$3,658 |
4.46% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)
|
7
|
$2,045,000 |
$292,143 |
$3,376 |
4.59% |
URBAN HONOLULU, HI (FHA|USDA|VA)
|
1
|
$1,495,000 |
$1,495,000 |
$13,457 |
3.13% |
WENATCHEE, WA (FHA|USDA|VA)
|
4
|
$1,390,000 |
$347,500 |
$3,010 |
3.94% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA)
|
5
|
$1,125,000 |
$225,000 |
$3,632 |
5.10% |
Shelton, WA (FHA|USDA|VA)
|
5
|
$1,095,000 |
$219,000 |
$5,923 |
4.48% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
4
|
$1,000,000 |
$250,000 |
$3,261 |
2.91% |
Hailey, ID (FHA|USDA|VA)
|
1
|
$955,000 |
$955,000 |
$8,883 |
3.13% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)
|
2
|
$860,000 |
$430,000 |
$4,028 |
2.38% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)
|
3
|
$845,000 |
$281,667 |
$4,911 |
3.25% |
Moses Lake, WA (FHA|USDA|VA)
|
2
|
$600,000 |
$300,000 |
$0 |
5.56% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)
|
1
|
$525,000 |
$525,000 |
$5,963 |
2.50% |
FLAGSTAFF, AZ (FHA|USDA|VA)
|
1
|
$455,000 |
$455,000 |
$4,619 |
3.38% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$2,860 |
2.75% |
BOISE CITY, ID (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$4,030 |
3.38% |
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$0 |
5.25% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$3,377 |
3.00% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$3,685 |
2.75% |
YAKIMA, WA (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$0 |
4.00% |
TUCSON, AZ (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,045 |
3.25% |
MERCED, CA (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,651 |
2.25% |
Outside of Metro Areas
|
1 |
$155,000 |
$155,000 |
$3,634 |
3.38% |
Laramie, WY (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,123 |
2.25% |
FAYETTEVILLE, NC (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$0 |
3.38% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA)
|
1
|
$85,000 |
$85,000 |
$0 |
8.00% |
LONGVIEW, WA (FHA|USDA|VA)
|
1
|
$25,000 |
$25,000 |
$0 |
8.50% |
Sound Community Bank's top markets include Seattle, Port Angeles, Bremerton, Ellensburg, and Oak Harbor among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
696 |
$245,410,000 |
$352,601 |
$4,298 |
3.77% |
For the 2021 period, Sound Community Bank's most frequently
originated loan type
of loans were Conventional, with 696 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Cash Out Refi |
261 |
$81,165,000 |
$310,977 |
$3,798 |
3.53% |
Refi |
228 |
$70,110,000 |
$307,500 |
$3,539 |
2.87% |
Home Purchase |
207 |
$94,135,000 |
$454,758 |
$6,397 |
5.06% |
For the 2021, Sound Community Bank's most frequently cited loan
purpose
of loans were Cash Out Refi, with 261
originations.
The 2nd most popular reason of loans were Refi,
with 228 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
438 |
$185,710,000 |
$423,995 |
$4,730 |
3.31% |
15 Year |
127 |
$28,195,000 |
$222,008 |
$3,422 |
3.61% |
20 Year |
103 |
$13,535,000 |
$131,408 |
$2,996 |
6.03% |
10 Year |
22 |
$9,850,000 |
$447,727 |
$3,310 |
3.12% |
Other |
4 |
$1,080,000 |
$270,000 |
$2,001 |
5.22% |
3 Year |
2 |
$7,040,000 |
$3,520,000 |
$0 |
4.38% |
For the 2021, Sound Community Bank's most frequently cited loan
length
of loans were 30 Year, with 438 originations.
The 2nd most popular length of loans were 15 Year,
with 127 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$1k-2k |
420 |
$123,840,000 |
$294,857 |
$<1k |
67 |
$9,965,000 |
$148,731 |
$2k-3k |
46 |
$12,840,000 |
$279,130 |
$3k-4k |
44 |
$16,240,000 |
$369,091 |
$5k+ |
39 |
$42,485,000 |
$1,089,359 |
$4,730 of loans were Sound Community Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 420 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
2.5-3% |
238 |
$97,320,000 |
$408,908 |
3-4% |
204 |
$82,560,000 |
$404,706 |
<2.5% |
90 |
$21,430,000 |
$238,111 |
7-8% |
54 |
$4,360,000 |
$80,741 |
4-5% |
44 |
$28,340,000 |
$644,091 |
5-6% |
43 |
$9,475,000 |
$220,349 |
Over 8% |
23 |
$1,925,000 |
$83,696 |
During 2021, Sound Community Bank's average interest
rate of loans were 3.31%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 238 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
256 |
$73,200,000 |
$285,938 |
$3,654 |
3.22% |
$100k-200k |
171 |
$25,675,000 |
$150,146 |
$3,211 |
3.73% |
$400k-600k |
101 |
$48,735,000 |
$482,525 |
$4,464 |
3.11% |
$100,000 or less |
96 |
$6,240,000 |
$65,000 |
$2,509 |
6.29% |
$600k-1MM |
43 |
$33,675,000 |
$783,140 |
$8,454 |
3.41% |
$1MM+ |
29 |
$57,885,000 |
$1,996,034 |
$13,376 |
3.40% |
2021 saw Sound Community Bank place emphasis on
$200k-400k loans
with 256 originations, totaling
$73,200,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-150k |
156 |
$45,140,000 |
$289,359 |
$4,046 |
3.59% |
$50k-75k |
149 |
$28,405,000 |
$190,638 |
$3,362 |
4.03% |
$150k-250k |
105 |
$45,505,000 |
$433,381 |
$5,054 |
3.41% |
$75k-100k |
105 |
$27,685,000 |
$263,667 |
$3,683 |
3.63% |
$50k or less |
85 |
$11,255,000 |
$132,412 |
$3,329 |
4.73% |
$250k+ |
77 |
$68,525,000 |
$889,935 |
$7,804 |
3.25% |
Sound Community Bank lent most frequently to those with incomes in the
$100k-150k range, with
156 originations.
The second most popular income band? $50k-75k,
with 149 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
149 |
$43,905,000 |
$294,664 |
$3,525 |
3.30% |
30-36% |
121 |
$42,545,000 |
$351,612 |
$4,388 |
3.90% |
<20% |
87 |
$35,375,000 |
$406,609 |
$4,148 |
3.19% |
44% |
38 |
$12,300,000 |
$323,684 |
$5,163 |
4.05% |
42% |
35 |
$9,855,000 |
$281,571 |
$3,557 |
3.92% |
43% |
32 |
$10,520,000 |
$328,750 |
$4,284 |
4.44% |
38% |
31 |
$8,005,000 |
$258,226 |
$4,668 |
4.37% |
41% |
28 |
$6,930,000 |
$247,500 |
$3,720 |
4.41% |
39% |
27 |
$8,715,000 |
$322,778 |
$4,560 |
3.74% |
36% |
21 |
$7,735,000 |
$368,333 |
$5,298 |
3.77% |
49% |
20 |
$7,630,000 |
$381,500 |
$4,686 |
3.60% |
48% |
20 |
$4,330,000 |
$216,500 |
$3,500 |
4.99% |
40% |
18 |
$6,250,000 |
$347,222 |
$4,648 |
3.56% |
45% |
14 |
$4,190,000 |
$299,286 |
$5,238 |
3.88% |
37% |
14 |
$3,460,000 |
$247,143 |
$4,070 |
3.89% |
47% |
14 |
$8,240,000 |
$588,571 |
$7,019 |
4.53% |
46% |
7 |
$2,005,000 |
$286,429 |
$3,620 |
3.05% |
50-60% |
7 |
$4,565,000 |
$652,143 |
$7,972 |
4.09% |
>60% |
4 |
$3,670,000 |
$917,500 |
$11,791 |
3.81% |
Sound Community Bank lent most frequently to those with DTI ratios
of 20-30%, with
149 originations.
The next most common DTI ratio? 30-36%,
with 121 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
588 |
$198,760,000 |
$338,027 |
$4,252 |
3.68% |
Not applicable |
9 |
$15,185,000 |
$1,687,222 |
$0 |
4.35% |
Not provided |
50 |
$15,090,000 |
$301,800 |
$4,038 |
4.69% |
Asian |
19 |
$6,385,000 |
$336,053 |
$4,770 |
4.22% |
Black |
9 |
$2,015,000 |
$223,889 |
$6,755 |
4.96% |
Other Asian |
3 |
$1,975,000 |
$658,333 |
$9,897 |
2.83% |
Asian Indian |
4 |
$1,910,000 |
$477,500 |
$7,128 |
3.16% |
American Indian |
6 |
$1,830,000 |
$305,000 |
$3,209 |
2.98% |
Chinese |
4 |
$1,130,000 |
$282,500 |
$3,686 |
3.09% |
Native Hawaiian |
1 |
$475,000 |
$475,000 |
$0 |
3.50% |
Filipino |
1 |
$385,000 |
$385,000 |
$2,457 |
3.00% |
Japanese |
2 |
$270,000 |
$135,000 |
$2,169 |
3.88% |
Approval Rates
Total approvals of all applications
96.01%
Sound Community Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
85.76%
Sound Community Bank has an average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
1045.41 |
1 |
$75,000 |
$75,000 |
1117.75 |
1 |
$75,000 |
$75,000 |
1168.75 |
1 |
$85,000 |
$85,000 |
1219.33 |
1 |
$35,000 |
$35,000 |
1222.38 |
1 |
$95,000 |
$95,000 |
1230.68 |
1 |
$75,000 |
$75,000 |
1258.71 |
1 |
$45,000 |
$45,000 |
1265.59 |
1 |
$65,000 |
$65,000 |
1269.14 |
1 |
$25,000 |
$25,000 |
1282.92 |
1 |
$95,000 |
$95,000 |
1322.44 |
1 |
$25,000 |
$25,000 |
1367.89 |
1 |
$105,000 |
$105,000 |
1380.87 |
1 |
$55,000 |
$55,000 |
1381.68 |
1 |
$45,000 |
$45,000 |
1413.73 |
1 |
$35,000 |
$35,000 |
1435.0 |
1 |
$105,000 |
$105,000 |
1439.4 |
1 |
$115,000 |
$115,000 |
1456.2 |
1 |
$105,000 |
$105,000 |
1457.47 |
1 |
$45,000 |
$45,000 |
1493.09 |
1 |
$55,000 |
$55,000 |
1498.24 |
1 |
$35,000 |
$35,000 |
1503.01 |
1 |
$25,000 |
$25,000 |
1541.18 |
1 |
$65,000 |
$65,000 |
1561.28 |
1 |
$125,000 |
$125,000 |
1594.34 |
1 |
$125,000 |
$125,000 |
1602.55 |
1 |
$45,000 |
$45,000 |
1614.44 |
1 |
$95,000 |
$95,000 |
1686.8 |
1 |
$125,000 |
$125,000 |
1707.13 |
1 |
$65,000 |
$65,000 |
1759.36 |
1 |
$75,000 |
$75,000 |
1770.46 |
1 |
$65,000 |
$65,000 |
1782.71 |
1 |
$85,000 |
$85,000 |
1792.37 |
1 |
$35,000 |
$35,000 |
1794.8 |
1 |
$85,000 |
$85,000 |
1816.97 |
1 |
$75,000 |
$75,000 |
1835.98 |
1 |
$75,000 |
$75,000 |
1847.06 |
1 |
$45,000 |
$45,000 |
1859.61 |
1 |
$135,000 |
$135,000 |
1860.26 |
1 |
$265,000 |
$265,000 |
1874.12 |
1 |
$95,000 |
$95,000 |
1876.72 |
1 |
$85,000 |
$85,000 |
1889.23 |
1 |
$55,000 |
$55,000 |
1908.82 |
1 |
$65,000 |
$65,000 |
1942.06 |
1 |
$55,000 |
$55,000 |
2002.94 |
1 |
$85,000 |
$85,000 |
2019.45 |
1 |
$95,000 |
$95,000 |
2057.75 |
1 |
$95,000 |
$95,000 |
2072.16 |
1 |
$55,000 |
$55,000 |
2083.45 |
1 |
$85,000 |
$85,000 |
2083.7 |
1 |
$85,000 |
$85,000 |
2207.74 |
1 |
$85,000 |
$85,000 |
2248.14 |
1 |
$115,000 |
$115,000 |
2286.7 |
1 |
$85,000 |
$85,000 |
2314.74 |
1 |
$145,000 |
$145,000 |
2322.62 |
1 |
$105,000 |
$105,000 |
2337.12 |
1 |
$115,000 |
$115,000 |
2343.94 |
1 |
$105,000 |
$105,000 |
2373.62 |
1 |
$105,000 |
$105,000 |
2431.62 |
1 |
$125,000 |
$125,000 |
2657.74 |
1 |
$155,000 |
$155,000 |
2728.75 |
1 |
$75,000 |
$75,000 |
2851.47 |
1 |
$115,000 |
$115,000 |
2879.65 |
1 |
$145,000 |
$145,000 |
3488.71 |
1 |
$85,000 |
$85,000 |
3829.84 |
1 |
$215,000 |
$215,000 |
4156.19 |
1 |
$145,000 |
$145,000 |
719.03 |
1 |
$45,000 |
$45,000 |
794.63 |
1 |
$35,000 |
$35,000 |
810.83 |
1 |
$25,000 |
$25,000 |
847.56 |
1 |
$55,000 |
$55,000 |
852.08 |
1 |
$45,000 |
$45,000 |
942.29 |
1 |
$45,000 |
$45,000 |
968.94 |
1 |
$65,000 |
$65,000 |
NA |
623 |
$239,315,000 |
$384,133 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
696 |
$245,410,000 |
$352,601 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
99 |
$23,395,000 |
$236,313 |
$3,442 |
3.25% |
40-60% |
207 |
$79,745,000 |
$385,242 |
$4,024 |
3.11% |
60-80% |
259 |
$92,255,000 |
$356,197 |
$4,516 |
3.98% |
80-100% |
102 |
$45,480,000 |
$445,882 |
$6,122 |
4.94% |
Under 20% |
29 |
$4,535,000 |
$156,379 |
$2,696 |
4.31% |
Complaints
Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
SANDY SPRING BANCORP, INC. |
FHA mortgage |
Closing on a mortgage |
1 |
20.0% |
SANDY SPRING BANCORP, INC. |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
1 |
20.0% |
SANDY SPRING BANCORP, INC. |
Home equity loan or line of credit (HELOC) |
Problem with a credit reporting company's investigation into an existing problem |
1 |
20.0% |
SANDY SPRING BANCORP, INC. |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
20.0% |
SANDY SPRING BANCORP, INC. |
Other type of mortgage |
Closing on a mortgage |
1 |
20.0% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Sound Community Bank |
2001 Fifth Avenue Seattle, WA 98121 |
Full Service B&M
|
$0 |
Sound Community Bank |
110 North Alder Street Port Angeles, WA 98362 |
Full Service B&M
|
$147,452 |
Sound Community Bank |
22807 44th Avenue West Mountlake Terrace, WA 98043 |
Full Service B&M
|
$71,181 |
Sound Community Bank |
2400 3rd Ave Suite 150 Seattle, WA 98121 |
Full Service B&M
|
$167,838 |
Sound Community Bank |
2400 Third Avenue, Suite 150 Seattle, WA 98121 |
Full Service B&M
|
$0 |
Sound Community Bank |
2941 South 38th Street Tacoma, WA 98409 |
Full Service B&M
|
$47,632 |
Sound Community Bank |
4922 Bridgeport Way West University Place, WA 98467 |
Full Service B&M
|
$28,148 |
Sound Community Bank |
645 W. Washington Street Sequim, WA 98382 |
Full Service B&M
|
$282,983 |
Sound Community Bank |
9500 Oak Bay Road Port Ludlow, WA 98365 |
Full Service B&M
|
$61,965 |
Sound Community Bank |
990 East Washington Street, Suite F Sequim, WA 98382 |
Full Service B&M
|
$6,856 |
For 2021, Sound Community Bank had 10 branches.
Yearly Performance Overview
Bank Income
Sound Community Bank's gross interest income from loans was $34,051,000.
Sound Community Bank's net interest income from loans was $30,769,000.
Sound Community Bank's fee based income from loans was $564,000.
Sound Community Bank's net income from loans was $10,122,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$3,282 |
Provision for credit losses |
$425 |
Total noninterest expense |
$24,847 |
Salaries and employee benefits |
$13,892 |
Premises and equipment expense |
$2,357 |
Additional noninterest expense |
$8,598 |
Applicable income taxes |
$2,528 |
Net charge-offs |
$120 |
Cash dividends |
$432 |
Sound Community Bank's interest expense for loans was $3,282,000.
Sound Community Bank's payroll and benefits expense were $13,892,000.
Sound Community Bank's property, plant and equipment expenses $2,357,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$805,479 |
Deposits held in domestic offices |
$805,479 |
Deposits by Individuals, partnerships, and corporations |
$780,082 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$25,397 |
Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$504,694 |
Demand deposits |
$379,769 |
Nontransaction accounts |
$300,785 |
Money market deposit accounts (MMDAs) |
$91,670 |
Other savings deposits (excluding MMDAs) |
$103,401 |
Total time deposits |
$105,714 |
Total time and savings deposits |
$425,710 |
Noninterest-bearing deposits |
$197,633 |
Interest-bearing deposits |
$607,846 |
Retail deposits |
$786,398 |
IRAs and Keogh plan accounts |
$21,690 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$919,800 |
Cash & Balances due from depository institutions |
$183,590 |
Interest-bearing balances |
$176,251 |
Total securities |
$8,419 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$683,185 |
Loan and leases loss allowance |
$6,306 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$11,630 |
Other real estate owned |
$659 |
Goodwill and other intangibles |
$5,147 |
All other assets |
$27,170 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$919,800 |
Total Liabilities |
$818,814 |
Total deposits |
$805,479 |
Interest-bearing deposits |
$607,846 |
Deposits held in domestic offices |
$805,479 |
% insured (estimated) |
$76 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$0 |
Subordinated debt |
$0 |
All other liabilities |
$13,335 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$683,185 |
Loan and leases loss allowance |
$6,306 |
Total loans and leases (domestic) |
$689,491 |
All real estate loans |
$569,463 |
Real estate loans in domestic offices |
$569,463 |
Construction and development loans |
$56,379 |
Residential 1-4 family construction |
$15,577 |
Other construction, all land development and other land |
$40,802 |
Loans secured by nonfarm nonresidential properties |
$192,479 |
Nonfarm nonresidential secured by owner-occupied properties |
$59,805 |
Commercial real estate & other non-farm, non-residential |
$132,674 |
Multifamily residential real estate |
$78,474 |
1-4 family residential loans |
$240,235 |
Farmland loans |
$1,896 |
Loans held in foreign offices |
$0 |
Farm loans |
$347 |
Commercial and industrial loans |
$21,834 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$96,845 |
Credit card loans |
$0 |
Related Plans |
$585 |
Consumer Auto Loans |
$1,598 |
Other loans to individuals |
$94,662 |
All other loans & leases |
$1,002 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$0 |
Loans to depository institutions and acceptances of other banks |
$1,002 |
Loans not secured by real estate |
$0 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$2,116 |
Non 1-4 family restructured loans & leases |
$225 |
Total loans and leases (foreign) |
$0 |
Sound Community Bank had $683,185,000 of loans outstanding in 2021. $569,463,000 of loans were in real estate loans.
$56,379,000 of loans were in development loans. $78,474,000 of loans were in multifamily mortgage loans.
$240,235,000 of loans were in 1-4 family mortgage loans. $347,000 of loans were in farm loans. $0
of loans were in credit card loans. $1,598,000 of loans were in the auto loan category.
Small Business Loans
Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
Nonfarm, nonresidential loans - <$1MM |
158 |
$50,945 |
$322,437 |
Nonfarm, nonresidential loans - <$100k |
9 |
$250 |
$27,778 |
Nonfarm, nonresidential loans - $100-250k |
48 |
$6,912 |
$144,000 |
Nonfarm, nonresidential loans - $250k-1MM |
101 |
$43,783 |
$433,495 |
Commercial & Industrial, US addressed loans - <$1MM |
130 |
$14,767 |
$113,592 |
Commercial & Industrial, US addressed loans - <$100k |
56 |
$1,066 |
$19,036 |
Commercial & Industrial, US addressed loans - $100-250k |
43 |
$4,145 |
$96,395 |
Commercial & Industrial, US addressed loans - $250k-1MM |
31 |
$9,556 |
$308,258 |
Farmland loans - <$1MM |
5 |
$624 |
$124,800 |
Farmland loans - <$100k |
2 |
$34 |
$17,000 |
Farmland loans - $100-250k |
2 |
$295 |
$147,500 |
Farmland loans - $250k-1MM |
1 |
$295 |
$295,000 |
Agriculture operations loans - <$1MM |
1 |
$347 |
$347,000 |
Agriculture operations loans - $250k-1MM |
1 |
$347 |
$347,000 |