Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 7

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 2
Chunk 7
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4. The increase in the ACL - loans was primarily a result of an increase in the balance of our loan portfolio, as well as higher reserves on our portfolio of other consumer loans and residential loans due to qualitative adjustments for uncertainty in market conditions and concentrations, partially offset by lower reserves due to qualitative adjustments for improved credit quality.  See “Comparison of Results of Operations for the Three and Six Months Ended June 30, 2025 and 2024 — Provision for Credit Losses.” 

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The following tables show certain credit ratios at and for the dates and periods indicated and the components of each ratio's calculation (dollars in thousands).

 At June 30, 2025At December 31, 2024ACL - loans as a percentage of total loans outstanding0.94 %0.94 %ACL — loans$8,536 $8,499 Total loans outstanding$906,207 $901,827 Nonaccrual loans as a percentage of total loans outstanding0.37 %0.83 %Total nonaccrual loans$3,366 $7,491 Total loans outstanding$906,207 $901,827 ACL - loans as a percentage of nonaccrual loans253.59 %113.46 %ACL — loans$8,536 $8,499 Total nonaccrual loans$3,366 $7,491 ACL as a percentage of total loans outstanding0.96 %0.97 %ACL$8,658 $8,733 Total loans outstanding$906,207 $901,827 ACL as a percentage of nonaccrual loans257.22 %116.58 %ACL$8,658 $8,733 Total nonaccrual loans$3,366 $7,491 

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Three Months Ended June 30,Six Months Ended June 30,2025202420252024($ in thousands)Net recoveries (charge-offs) during period to average loans outstanding:One-to-four family:— %— %— %— %Net (charge-offs)/recoveries$— $— $— $— Average loans outstanding$261,685 $273,597 $264,318 $276,034 Home equity:— %— %— %— %Net (charge-offs)/recoveries$— $—