Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 27

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 27
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AmountPercent ofLoan CategoryNumberAmountPercent ofLoan CategoryNumberAmountPercent ofLoan CategoryOne-to-four family4 $373 0.1 %2 $352 0.1 %6 $725 0.3 %Home equity4 249 0.9 1 66 0.2 5 315 1.2 Commercial and Multifamily— — — 1 3,733 1.0 1 3,733 1.0 Construction and land1 24 — — — — 1 24 — Manufactured homes13 689 1.7 7 394 1.0 20 1,083 2.6 Floating homes— — — 1 2,350 2.7 1 2,350 2.7 Other consumer16 18 0.1 — — — 16 18 0.1 Total38 $1,353 0.2 %12 $6,895 0.8 %50 $8,248 0.9 %

17

Nonperforming Assets. The table below sets forth the amounts and categories of nonperforming assets in our loan portfolio (in thousands). Loans are placed on nonaccrual status when the collection of principal and/or interest become doubtful or when the loan is 90 days or more past due. Other real estate owned ("OREO") and repossessed assets include assets acquired in settlement of loans.

December 31,20242023Nonaccrual loans (1):One-to-four family$537 $1,108 Home equity298 84 Commercial and multifamily3,734 — Construction and land24 — Manufactured homes521 228 Floating homes2,363 — Other consumer3 1 Commercial business11 2,135 Total nonaccrual loans7,491 3,556 OREO and repossessed assets:Commercial and multifamily— 575 Total OREO and repossessed assets— 575 Total nonperforming assets$7,491 $4,131 Nonperforming assets as a percentage of total assets0.75 %0.42 %Performing modified loans:One-to-four family$1,119 $1,342 Home equity56 62 Commercial