Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 54

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 54
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 $7,320 $902,395 $909,715 

18

December 31, 2024 30-59 DaysPast Due60-89 DaysPast Due90 Days and Greater Past Due90 Days and Greater Past Due and AccruingTotal PastDueCurrentTotal LoansOne-to-four family$34 $339 $352 $— $725 $269,084 $269,809 Home equity249 — 66 — 315 26,581 26,896 Commercial and multifamily— — 3,733 — 3,731 366,551 370,282 Construction and land24 — — — 24 72,788 72,812 Manufactured homes402 287 394 — 1,083 39,897 40,980 Floating homes— — 2,350 — 2,350 83,640 85,990 Other consumer6 12 — — 18 17,720 17,738 Commercial business— — — — — 15,664 15,664 Total$715 $638 $6,895 $— $8,246 $891,925 $900,171 

Loan Modifications to Borrowers Experiencing Financial Difficulty. The Company has granted modifications which can generally be described in the following categories:Principal Forgiveness:  A modification in which the principal is reduced.Rate Modification:  A modification in which the interest rate is changed.Term Modification:  A modification in which the maturity date, timing of payments or frequency of payments is changed.Payment Modification:  A modification in which the dollar amount of the payment is changed.  Interest-only modifications in which a loan is converted to interest-only payments for a period of time are included in this category.Combination Modification:  Any other type of modification, including the use of multiple categories above.At September 30, 2025, the Company had no commitments to extend additional credit to borrowers owing loan receivables with modified terms. 

There were no loans modified within the three and nine months ended September 30, 2025 and 2024. At September 30, 2025 and December 31, 2024, we had no loan receivables that defaulted subsequent to their modification.

Troubled debt restructurings (“TDRs”).