Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 47

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 47
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Available-for-sale securities7,689 7,689 — 7,689 — Held-to-maturity securities2,121 1,711 — 1,711 — Loans held-for-sale2,267 2,267 — 2,267 —    Loans held-for-portfolio, net877,833 840,425 — — 840,425 Mortgage servicing rights4,688 4,688 — — 4,688 FINANCIAL LIABILITIES:   Time deposits289,474 290,245 — 290,245 — Borrowings25,000 25,000 — 25,000 — Subordinated notes11,770 12,310 — 12,310 —  December 31, 2024Fair Value Measurements Using: CarryingValueEstimatedFair ValueLevel 1Level 2Level 3FINANCIAL ASSETS:     Cash and cash equivalents$43,641 $43,641 $43,641 $— $— Available-for-sale securities7,790 7,790 — 7,790 — Held-to-maturity securities2,130 1,712 — 1,712 — Loans held-for-sale487 487 — 487 — Loans held-for-portfolio, net891,672 850,813 — — 850,813 Mortgage servicing rights4,769 4,769 — — 4,769 FINANCIAL LIABILITIES:Time deposits295,822 296,575 — 296,575 — Borrowings25,000 25,000 — 25,000 — Subordinated notes11,759 12,653 — 12,653 — 

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The following tables present the balance of assets measured at fair value on a recurring basis as of the dates indicated (in thousands):  Fair Value at March 31, 2025DescriptionTotalLevel 1Level 2Level 3Municipal bonds$5,341 $— $5,341 $— Agency mortgage-backed securities2,348 — 2,348 — Mortgage servicing rights4,688 — — 4,688  Fair Value at December 31