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
asset turnover	0.05 -	0.04 23.22%	0.04 19.48%	0.04 13.75%	0.05 46.17%
cash per share	4.04 -	4.73 17.03%	2.64 44.18%	4.61 74.72%
company equity multiplier	7.87 -	11.19 42.18%	9.12 18.48%	11.54 26.54%	10.68 7.45%
days of inventory outstanding
days of payables outstanding
days of sales outstanding
dividend yield
ebit per revenue	0.01 -	0.07 461.76%	0.09 37.92%	0.09 2.64%	0.80 753.93%
ebt per ebit	0.68 -	-0.58 185.35%	1 272.82%	1 0%	0.01 98.67%
effective tax rate	-1.75 -	3.00 271.15%	-3.27 209.10%
enterprise value multiple	-242.64 -	-53.46 77.97%	7.80 114.59%	822.99 10,453.45%
fixed asset turnover	27.82 -	3.75 86.51%	58.63 1,462.16%	68.01 16.00%	133.57 96.39%
free cash flow per share	-0.02 -	0.01 162.86%	0.08 504.55%	-0.01 116.54%
gross profit margin	1 -	1 0%	1 0%	1 0%	1 0%
interest coverage	59 -	9.62 83.69%	3.81 60.38%	1.99 47.89%
inventory turnover
long term debt to capitalization		0.67 -	0.36 45.79%	0.19 48.41%
net income per ebt	1 -	1 0%	4.27 326.78%	1 76.57%	1 0%
net profit margin	0.01 -	-0.04 579.47%	0.39 1,117.17%	0.09 75.95%	0.01 88.63%
operating cash flow per share	-0.01 -	0.02 363.64%	0.09 386.21%	-0.01 107.80%
operating profit margin	0.01 -	0.07 461.76%	0.09 37.92%	0.09 2.64%	0.80 753.93%
payables turnover
pretax profit margin	0.01 -	-0.04 579.47%	0.09 338.34%	0.09 2.64%	0.01 88.63%
price fair value	1.28 -	1.13 11.30%	1.40 23.40%	1.07 23.68%	1.38 29.51%
receivables turnover
return on assets	0.00 -	-0.00 468.12%	0.02 1,315.31%	0.00 79.26%	0.00 83.38%
return on capital employed	0.00 -	0.00 436.65%	0.01 44.78%	0.01 4.10%	0.07 901.67%
return on equity	0.00 -	-0.02 623.40%	0.15 1,090.69%	0.04 73.75%	0.01 84.62%
total debt to capitalization		0.81 -	0.60 25.75%	0.65 8.20%

COM:FIRSTSOUNDBANK

First Sound Bank

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6.67

05/04 16:23

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1.51M

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