Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 83

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 83
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12 Months or LongerTotal FairValueUnrealizedLossFairValueUnrealizedLossFairValueUnrealizedLossAvailable-for-sale securitiesMunicipal bonds$— $— $3,549 $(1,130)$3,549 $(1,130)Agency mortgage-backed securities44 — 1,931 (319)1,975 (319)Total available-for-sale securities$44 $— $5,480 $(1,449)$5,524 $(1,449)Held-to-maturity securitiesMunicipal bonds$— $— $512 $(191)$512 $(191)Agency mortgage-backed securities— — 1,175 (235)1,175 (235)Total held-to-maturity securities$— $— $1,687 $(426)$1,687 $(426) December 31, 2024 Less Than 12 Months12 Months or LongerTotal FairValueUnrealizedLossFairValueUnrealizedLossFairValueUnrealizedLossAvailable-for-sale securitiesMunicipal bonds$— $— $3,708 $(991)$3,708 $(991)Agency mortgage-backed securities44 (2)2,020 (347)2,064 (349)Total$44 $(2)$5,728 $(1,338)$5,772 $(1,340)Held-to-maturity securitiesMunicipal bonds$— $— $540 $(163)$540 $(163)Agency mortgage-backed securities— — 1,172 (255)1,172 (255)Total held-to-maturity securities$— $— $1,712 $(418)$1,712 $(418)

There was no allowance for credit losses on securities at June 30, 2025 or December 31, 2024. At both June 30, 2025 and December 31, 2024, the total securities portfolio consisted of 11 agency mortgage-backed securities and 11 municipal bonds. At both June 30, 2025 and December 31, 2024, there was one security in an unrealized loss position for less than 12 months and 15 securities in an unrealized loss position for more than 12 months. The unrealized losses were caused by changes in market interest rates or the widening of market spreads subsequent to the initial purchase