Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 100

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 100
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 asset or liability. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s quarterly valuation process. There were no transfers between levels during the three and nine months ended September 30, 2025 and 2024.

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The following tables present information about the level in the fair value hierarchy for the Company’s financial assets and liabilities, whether recognized or recorded at fair value or not as of the dates indicated (in thousands):  September 30, 2025Fair Value Measurements Using: CarryingValueEstimatedFair ValueLevel 1Level 2Level 3FINANCIAL ASSETS:     Cash and cash equivalents$101,156 $101,156 $101,156 $— $— Available-for-sale securities7,637 7,637 — 7,637 — Held-to-maturity securities1,899 1,552 — 1,552 — Loans held-for-sale271 271 — 271 —    Loans held-for-portfolio, net901,151 872,999 — — 872,999 Mortgage servicing rights4,305 4,305 — — 4,305 FINANCIAL LIABILITIES:   Time deposits291,052 291,383 — 291,383 — Borrowings25,000 25,000 — 25,000 — Subordinated notes11,791 12,620 — 12,620 —  December 31, 2024Fair Value Measurements Using: CarryingValueEstimatedFair ValueLevel 1Level 2Level 3FINANCIAL ASSETS:     Cash and cash equivalents$43,641 $43,641 $43,641 $— $— Available-for-sale securities7,790 7,790 — 7,790 — Held-to-maturity securities2,130 1,712 — 1,712 — Loans held-for-sale487 487 — 487 — Loans held-for-portfolio, net891,672 850,813 — — 850,813 Mortgage servicing rights4,769 4,769 — — 4,769 FINANCIAL LIABILITIES:Time deposits