First Sound Bank provides various banking products and services for individuals, small and medium-sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms in Western Washington. The company's deposit products include checking, savings, money market, and sweep accounts. It also offers consumer loans comprising personal loans, ready cash line of credit, and home equity lines of credit; and commercial loans, such as lines of credit, commercial real estate loans, export activity and foreign receivables, investment property loans, and small business administration loans, as well as cash flow solutions. In addition, the company provides cash management services; and international services, including import and export letters of credit, standby letters of credit, documentary collections, and foreign exchange services, as well as international remittances, drafts, and wires. Further, it offers Sound eCapture services that allow its customers to scan checks, create digital deposits, and transmit for account clearing and posting. Additionally, the company provides equipment financing; and ATM card, debit card, credit card, merchant, mobile and online banking, and courier services. It operates through a branch in downtown Seattle, Washington. The company was founded in 2004 and is headquartered in Seattle, Washington.

First Sound Bank

First Sound Bank is a community bank providing commercial banking services for small to medium sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms throughout the Puget Sound market.

First Sound Bank | 483 followers on LinkedIn. Experienced. Innovative. Sound. | First Sound Bank is committed to delivering personalized services, convenient access, and competitive rates to support the needs of the local business community.
  
First Sound Bank was chartered by the State of Washington in July 2004 with the largest initial capital base of any de novo in the Pacific Northwest at the time. Multiple bank mergers and the shrinking availability of local banking service centers compelled the founders to create a business bank that caters to small and medium-sized businesses, not-for-profit organizations, entrepreneurs, professionals, and service companies.

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables
accumulated other comprehensive income loss	-25K -	-37K 48%	-401K 983.78%	-1.47M 266.58%
cash and cash equivalents	12.74M -	14.91M 17.03%	8.32M 44.18%	14.54M 74.72%
cash and short term investments	12.74M -	14.91M 17.03%	8.32M 44.18%	14.54M 74.72%
common stock	61.34M -	61.34M 0%	61.34M 0%	61.34M 0%	60.24M 1.79%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current
goodwill
goodwill and intangible assets	79K -	62K 21.52%	147K 137.10%	123K 16.33%
intangible assets	79K -	62K 21.52%	147K 137.10%	123K 16.33%
inventory
long term debt		26.87M -	8.71M 67.59%	3.42M 60.77%
long term investments	158K -	188K 18.99%	380K 102.13%	968K 154.74%	11.57M 1,095.35%
net debt	-12.74M -	14.90M 216.96%	6.53M 56.18%	9.64M 47.73%
net receivables
other assets		1 -	1 0%
other current assets	15.79M -	15.41M 2.37%	8.68M 43.67%	15.14M 74.39%	13.01M 14.04%
other current liabilities	33.53M -	38.69M 15.38%	37.99M 1.80%	56.19M 47.90%	53.96M 3.97%
other liabilities				1 -	1 0%
other non current assets	344K -	317K 7.85%	3.19M 905.36%	3.38M 6.18%	136.52M 3,934.22%
other non current liabilities	59.77M -	42.24M 29.33%	63.80M 51.04%	73.33M 14.93%	92.12M 25.62%
othertotal stockholders equity
preferred stock
property plant equipment net	179K -	1.43M 696.09%	102K 92.84%	93K 8.82%	65K 30.11%
retained earnings	-47.73M -	-47.94M 0.43%	-45.59M 4.89%	-45.00M 1.31%	-45.15M 0.34%
short term debt		28.37M -	14.10M 50.30%	23.82M 68.92%
short term investments
tax assets	90.34M -	132.13M 46.26%	127.45M 3.54%	151.92M 19.20%
tax payables
total assets	106.89M -	149.53M 39.90%	139.95M 6.41%	171.63M 22.64%	161.17M 6.09%
total current assets	15.79M -	15.41M 2.37%	8.68M 43.67%	15.14M 74.39%	13.01M 14.04%
total current liabilities	33.53M -	67.06M 99.99%	52.09M 22.32%	80.01M 53.59%	53.96M 32.56%
total debt		29.81M -	14.85M 50.18%	24.19M 62.85%
total investments	158K -	188K 18.99%	380K 102.13%	968K 154.74%	11.57M 1,095.35%
total liabilities	93.30M -	136.17M 45.94%	124.60M 8.50%	156.75M 25.80%	146.08M 6.81%
total liabilities and stockholders equity	106.89M -	149.53M 39.90%	139.95M 6.41%	171.63M 22.64%	161.17M 6.09%
total non current assets	91.10M -	134.12M 47.23%	131.26M 2.13%	156.49M 19.21%	148.15M 5.32%
total non current liabilities	59.77M -	69.11M 15.63%	72.51M 4.92%	76.74M 5.84%	92.12M 20.03%
total stockholders equity	13.58M -	13.37M 1.60%	15.35M 14.81%	14.87M 3.08%	15.09M 1.47%

COM:FIRSTSOUNDBANK

First Sound Bank

Last Close

6.67

05/04 16:23

Market Cap

1.51M

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Volume Today

200

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