Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 6

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 6
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,913 14.6 Commercial business loans15,605 1.7 20,688 2.3 Total loans901,827 100.0 %896,160 100.0 %Less:Premiums718 829 Deferred fees and discounts(2,374)(2,511)Allowance for credit losses on loans(8,499)(8,760)Total loans, net$891,672 $885,718 

7

The following table shows the composition of our loan portfolio in dollar amounts and in percentages by fixed and adjustable-rate loans as of the dates indicated (dollars in thousands):

 December 31, 20242023 AmountPercentAmountPercentFixed-rate loans:Real estate loans:One-to-four family$170,268 18.9 %$176,291 19.7 %Home equity11,040 1.2 9,941 1.1 Commercial and multifamily125,081 13.9 98,827 11.0 Construction and land42,158 4.7 55,976 6.2 Total real estate loans348,547 38.6 341,035 38.1 Consumer loans:Manufactured homes41,128 4.6 36,193 4.0 Floating homes58,991 6.5 60,906 6.8 Other consumer17,258 1.9 19,283 2.2 Total consumer loans117,377 13.0 116,382 13.0 Commercial business loans6,432 0.7 10,253 1.1 Total fixed-rate loans472,356 52.4 467,670 52.2 Adjustable-rate loans:Real estate loans:One-to-four family99,416 11.0 103,157 11.5 Home equity15,646 1.7 13,132 1.5 Commercial and multifamily246,435 27.3 216,453 24.2 Construction and land30,919 3.4 70,782 7.9 Total real estate loans392,416 43.5 403,524 45.0 Consumer loans:Floating homes27,419 3.0 14,202 1.6 Other consumer462 0.1 329 — Total