Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 155

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 155
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At December 31, 2024, the Company did not own any debt securities classified as trading or any equity investment securities. The amortized cost and fair value of AFS securities and the corresponding amounts of gross unrealized gains and losses at December 31, 2024 and 2023 were as follows (in thousands): AmortizedCostGrossUnrealized GainsGrossUnrealized LossesEstimatedFair ValueDecember 31, 2024    Municipal bonds$6,354 $11 $(991)$5,374 Agency mortgage-backed securities2,758 7 (349)2,416 Total AFS securities$9,112 $18 $(1,340)$7,790 December 31, 2023Municipal bonds$6,394 $12 $(878)$5,528 Agency mortgage-backed securities3,145 7 (393)2,759 Total AFS securities$9,539 $19 $(1,271)$8,287 The amortized cost and fair value of our HTM securities and the corresponding amounts of gross unrealized gains and losses at December 31, 2024 and 2023 are shown in the table below (in thousands): AmortizedCostGrossUnrecognizedGainsGrossUnrecognizedLossesEstimatedFair ValueDecember 31, 2024Municipal bonds$704 $— $(163)$541 Agency mortgage-backed securities1,426 — (255)1,171 Total HTM securities$2,130 $— $(418)$1,712 December 31, 2023Municipal bonds$704 $— $(164)$540 Agency mortgage-backed securities1,462 — (215)1,247 Total HTM securities$2,166 $— $(379)$1,787 

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The amortized cost and fair value of AFS and HTM securities at December 31, 2024, by contractual maturity, are shown below (in thousands). Expected maturities of AFS and HTM securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily agency mortgage-backed securities, are shown separately. December 31, 2024AFSHTM AmortizedCost