Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 28

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 28
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 activities1,852 3,519 CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from principal payments, maturities and sales of available-for-sale securities69 83 Proceeds from principal payments of held-to-maturity securities9 9 Net decrease (increase) in loans13,883 (3,570)Purchases of premises and equipment, net(38)(1,623)Net cash provided by (used in) investing activities13,923 (5,101)CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in deposits72,548 90,344 FHLB stock purchased(4)(10)Common stock repurchases— (5)Dividends paid on common stock(487)(486)Proceeds from common stock option exercises21 26 Net cash provided by financing activities72,078 89,869 Net change in cash and cash equivalents87,853 88,287 Cash and cash equivalents, beginning of period43,641 49,690 Cash and cash equivalents, end of period$131,494 $137,977 SUPPLEMENTAL CASH FLOW INFORMATION:Cash paid for income taxes$— $— Interest paid on deposits and borrowings5,814 6,398 Loans transferred from loans held-for-portfolio to OREO and repossessed assets41 115 ROU assets obtained in exchange for new operating  lease liabilities66 — 

See Notes to Condensed Consolidated Financial Statements

7

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Notes to Condensed Consolidated Financial Statements (unaudited)

Note 1 – Basis of Presentation

The accompanying financial information is unaudited and has been prepared from the consolidated financial statements of Sound Financial Bancorp, Inc, and its wholly owned subsidiaries, Sound Community Bank and Sound Community Insurance Agency, Inc.  References in this document to “Sound Financial Bancorp” refer to Sound Financial Bancorp, Inc. and references to the “Bank” refer to Sound Community Bank. References to “we,” “us,” and “our” or the “Company” refer to Sound Financial Bancorp, the Bank and Sound Community Insurance Agency, Inc., collectively, unless the context otherwise requires.These unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim