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First Sound Bank WA (First Sound Bank WA) Equity-to-Asset : 0.09 (As of Sep. 2023)


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What is First Sound Bank WA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Sound Bank WA's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $15.00 Mil. First Sound Bank WA's Total Assets for the quarter that ended in Sep. 2023 was $160.86 Mil. Therefore, First Sound Bank WA's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.09.

The historical rank and industry rank for First Sound Bank WA's Equity-to-Asset or its related term are showing as below:

FSWA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09   Med: 0.09   Max: 0.09
Current: 0.09

During the past 3 years, the highest Equity to Asset Ratio of First Sound Bank WA was 0.09. The lowest was 0.09. And the median was 0.09.

FSWA's Equity-to-Asset is ranked better than
50.27% of 1466 companies
in the Banks industry
Industry Median: 0.09 vs FSWA: 0.09

First Sound Bank WA Equity-to-Asset Historical Data

The historical data trend for First Sound Bank WA's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Sound Bank WA Equity-to-Asset Chart

First Sound Bank WA Annual Data
Trend Dec04 Dec05 Dec06
Equity-to-Asset
0.39 0.19 0.22

First Sound Bank WA Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Jun22 Sep22 Jun23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 - - 0.09 0.09

Competitive Comparison of First Sound Bank WA's Equity-to-Asset

For the Banks - Regional subindustry, First Sound Bank WA's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Sound Bank WA's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Sound Bank WA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where First Sound Bank WA's Equity-to-Asset falls into.



First Sound Bank WA Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

First Sound Bank WA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2006 is calculated as

Equity to Asset (A: Dec. 2006 )=Total Stockholders Equity/Total Assets
=28.728/132.758
=0.22

First Sound Bank WA's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=14.995/160.864
=0.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Sound Bank WA  (OTCPK:FSWA) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


First Sound Bank WA Equity-to-Asset Related Terms

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First Sound Bank WA (First Sound Bank WA) Business Description

Traded in Other Exchanges
N/A
Address
925 Fourth Avenue, Suite 2350, Seattle, WA, USA, 98104
First Sound Bank WA is a commercial bank. It provides loan and deposit services to customers who are predominately small and midsized businesses, not-for-profit organizations, entrepreneurs, and professional service firms. The Bank provides small commercial equipment financing agreements (EFA) to businesses that are located throughout the United States. Additionally, the group also provides business banking, equipment financing, personal banking, and online banking services.