Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 100

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 100
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.4 million at March 31, 2025, from $8.5 million at December 31, 2024. The decrease in the ACL - loans was primarily a result of a decrease in the balance of our loan portfolio, partially offset by higher reserves on our portfolio of other consumer loans and residential loans due to qualitative adjustments for uncertainty in market conditions.  See “Comparison of Results of Operations for the Three Months Ended March 31, 2025 and 2024 — Provision for Credit Losses.” 

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The following tables show certain credit ratios at and for the dates and periods indicated and the components of each ratio's calculation (dollars in thousands).

 At March 31, 2025At December 31, 2024ACL - loans as a percentage of total loans outstanding0.95 %0.94 %ACL — loans$8,393 $8,499 Total loans outstanding$887,847 $901,827 Nonaccrual loans as a percentage of total loans outstanding1.09 %0.83 %Total nonaccrual loans$9,653 $7,491 Total loans outstanding$887,847 $901,827 ACL - loans as a percentage of nonaccrual loans86.95 %113.46 %ACL — loans$8,393 $8,499 Total nonaccrual loans$9,653 $7,491 ACL as a percentage of total loans outstanding0.96 %0.97 %ACL$8,509 $8,733 Total loans outstanding$887,847 $901,827 ACL as a percentage of nonaccrual loans88.15 %116.58 %ACL$8,509 $8,733 Total nonaccrual loans$9,653 $7,491 

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Three Months Ended March 31,20252024($ in thousands)Net recoveries (charge-offs) during period to average loans outstanding:One-to-four family:— %— %Net (charge-offs)/recoveries$— $— Average loans outstanding$266,980 $278,472 Home equity:— %— %Net (charge-offs)/recoveries$— $— Average loans outstanding$27,562 $23,300 Commercial and multifamily real estate:— %— %Net (charge-offs)/