Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 65

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 65
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 leases require us to pay property taxes and operating expenses for the properties. We also have finance leases for certain equipment, including copier machines which had an initial term of five years and a remaining term of approximately 4.25 years.The following table presents the lease right-of-use assets and lease liabilities recorded on the Condensed Consolidated Balance Sheets at the dates indicated (in thousands):September 30,2025December 31,2024Operating lease right-of-use assets$3,569 $3,725 Finance lease right-of-use assets110 — Operating lease liabilities3,831 4,013 Finance lease liabilities112 — The following table presents the components of lease expense for the periods indicated (in thousands): Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Lease expenseOperating leases$278 $270 $827 $811 Finance leasesAmortization of right-of-use assets6 — 19 — Interest on lease liabilities1 — 4 — Sublease income— — — (4)Net lease expense$285 $270 $850 $807 The following table presents the schedule of lease liability payments at the date indicated (in thousands):September 30,Finance LeasesOperating LeasesTotal Lease Payments2026$29 $1,145 $1,174 202729 1,137 1,166 202829 1,033 1,062 202929 661 690 20307 77 84 Total lease payments123 4,053 4,176 Less: Present value discount11 222 233 Present value of lease liabilities$112 $3,831 $3,943 

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Lease term and discount rate by lease type consisted of the following at the dates indicated:September 30,2025December 31,2024Weighted-average remaining lease term:Operating leases3.7 years4.3 yearsFinance leases4.3 years0.0 yearsWeighted-average discount rate (annualized):Operating leases3.09 %2.88 %Finance leases4.41 %— %Supplemental cash flow information related to leases was as follows for the periods indicated (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cash paid for amounts included in the measurement of lease liabilities for operating leases