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Sound Community Bank

Seattle, WA · Cert 57451 · Sound Financial Bcorp Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$1.1BAssets
$893.6MLoans
$937.1MDeposits
$117.1MEquity
Loan mix
83%RE $764.4M2%C&I $14.0M16%Consumer $143.4MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $801.5M14%Noninterest $135.5MQ3 2024Q2 2026

Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 0.3% share · #25 of 43 inst. · $0.4B of $143.1B

16.5% Clallam
0.3% King
0.4% Snohomish
0.4% Pierce

Executive Summary

  • Earnings: ROA of 0.87%, up 13 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.90% of loans (+53 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.93%, up 33 bps from a year ago.
  • Funding: loans stand at 95.35% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.87%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.57%+21 bps YoY

Efficiency Ratio (YTD, annualized)

71.93%-319 bps YoY

Tier 1 Leverage Ratio

10.93%+33 bps YoY

NIM

5.21%Q2 ’245.43%Q2 ’255.49%Q2 ’26+17%+6%

Non-interest income vs. expense

2.76%Q2 ’242.83%Q2 ’252.86%Q2 ’26+3%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.45%0.55%0.57%0.73%0.74%0.79%0.68%0.87%+13 bps
Return on Equity4.26%5.12%5.17%6.78%6.85%7.36%6.47%8.13%+135 bps
Net Interest Margin2.85%2.92%3.15%3.36%3.37%3.36%3.39%3.57%+21 bps
Efficiency Ratio82.50%79.77%81.30%75.12%74.65%72.79%74.85%71.93%-319 bps
Non-Interest Burden2.28%2.25%2.48%2.42%2.42%2.34%2.46%2.45%+3 bps
Growth
Asset Growth (YoY)6.89%-0.16%-1.61%-1.55%-3.70%9.92%3.98%0.71%+226 bps
Loan Growth (YoY)2.88%0.62%-1.08%1.89%0.91%0.60%3.75%-1.41%-329 bps
Deposit Growth (YoY)8.18%1.42%-0.36%-0.17%-2.84%13.35%6.02%3.08%+325 bps
Asset Quality
Nonperforming Loans / Loans0.94%0.83%1.08%0.37%0.30%0.64%0.80%0.90%+53 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0 bps
Allowance / Loans0.95%0.94%0.94%0.94%0.94%0.95%0.94%0.94%0 bps
Allowance Coverage of NPLs1.0x1.1x0.9x2.5x3.2x1.5x1.2x1.0x-1.5x
Capital
Tier 1 Leverage Ratio10.40%10.60%10.76%10.60%10.71%10.93%10.62%10.93%+33 bps
Total Risk-Based Capital10.40%10.60%10.76%10.60%10.71%10.93%10.62%10.93%+33 bps
Equity / Assets10.28%11.53%10.52%10.51%10.70%10.64%10.44%10.98%+48 bps
Liquidity & Funding
Loans / Deposits96.45%106.99%96.64%99.70%100.17%94.96%94.57%95.35%-434 bps
Liquid Assets / Assets12.98%3.70%11.80%9.12%9.01%12.17%11.86%10.59%+146 bps
CRE / Total Capitaln/an/an/an/a390%381%400%n/an/a