Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 86

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 86
---
 fair value hierarchy. In such cases, the lowest level of inputs that is significant to the measurement is used to determine the hierarchy for the entire 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 months ended March 31, 2025 and 2024.

19

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):  March 31, 2025Fair Value Measurements Using: CarryingValueEstimatedFair ValueLevel 1Level 2Level 3FINANCIAL ASSETS:     Cash and cash equivalents$131,494 $131,494 $131,494 $— $— Available-for-sale securities7,689 7,689 — 7,689 — Held-to-maturity securities2,121 1,711 — 1,711 — Loans held-for-sale2,267 2,267 — 2,267 —    Loans held-for-portfolio, net877,833 840,425 — — 840,425 Mortgage servicing rights4,688 4,688 — — 4,688 FINANCIAL LIABILITIES:   Time deposits289,474 290,245 — 290,245 — Borrowings25,000 25,000 — 25,000 — Subordinated notes11,770 12,310 — 12,310 —  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,