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
net income	40K -	-206K 615%	2.34M 1,237.38%	596K 74.56%
depreciation and amortization	51K -	55K 7.84%	50K 9.09%	31K 38%
deferred income tax
stock based compensation
change in working capital	98K -	-284K 389.80%	205K 172.18%	-489K 338.54%
accounts receivables	-1K -	-265K 26,400%	144K 154.34%	-239K 265.97%
inventory
accounts payables
other working capital	99K -	-19K 119.19%	61K 421.05%	-250K 509.84%
other non cash items	-211K -	493K 333.65%	-2.32M 569.78%	-160K 93.09%
net cash provided by operating activities	-22K -	58K 363.64%	282K 386.21%	-22K 107.80%
investments in property plant and equipment	-48K -	-14K 70.83%	-16K 14.29%	-22K 37.50%
acquisitions net	1.61M -	3.90M 141.57%	2.09M 46.47%
purchases of investments	-5.61M -	-10.21M 82.08%	-3.95M 61.33%
sales maturities of investments	4.00M -	6.31M 58.05%	1.86M 70.51%	639K 65.68%
other investing activites	10.93M -	-40.53M 470.70%	4.57M 111.28%	-26.96M 689.61%
net cash used for investing activites	10.88M -	-40.54M 472.47%	4.56M 111.24%	-26.35M 678.14%
debt repayment		-28.37M -	-14.66M 48.32%	-9.71M 33.79%
common stock issued
common stock repurchased
dividends paid
other financing activites	-25.05M -	41.62M 266.10%	3.24M 92.22%	22.88M 606.80%
net cash used provided by financing activities	-25.05M -	41.62M 266.10%	-11.43M 127.46%	32.59M 385.20%
effect of forex changes on cash
net change in cash	-14.19M -	1.13M 107.96%	-6.59M 682.92%	6.22M 194.41%
cash at beginning of period	27.97M -	13.78M 50.73%	14.91M 8.20%	8.32M 44.18%
cash at end of period	13.78M -	14.91M 8.20%	8.32M 44.18%	14.54M 74.72%
operating cash flow	-22K -	58K 363.64%	282K 386.21%	-22K 107.80%
capital expenditure	-48K -	-14K 70.83%	-16K 14.29%	-22K 37.50%
free cash flow	-70K -	44K 162.86%	266K 504.55%	-44K 116.54%

COM:FIRSTSOUNDBANK

First Sound Bank

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05/04 16:23

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1.51M

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