Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 121

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 121
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) and (ii) changes in rate (i.e., changes in rate multiplied by old volume). For purposes of this table, changes attributable to both rate and volume, which cannot be segregated, have been allocated proportionately to the change due to volume and the change due to rate (dollars in thousands). 

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 Three Months Ended June 30, 2025 vs. 2024Six Months Ended June 30, 2025 vs. 2024 Increase (Decrease) due toTotalIncrease (Decrease)Increase (Decrease) due toTotalIncrease (Decrease) VolumeRateVolumeRateInterest-earning assets:   Loans receivable$49 $1,326 $1,375 $67 $1,663 $1,730 Investments(10)— (10)(22)10 (12)Cash and cash equivalents(195)(294)(489)(314)(581)(895)Total interest-earning assets(156)1,032 876 (269)1,092 823 Interest-bearing liabilities:Savings and Money Market accounts294 (151)143 609 (273)336 Demand and NOW accounts(12)(29)(41)(26)(49)(75)Certificate accounts(290)(581)(871)(559)(968)(1,527)Subordinated notes1 (1)— 1 (1)— Borrowings(160)(2)(162)(317)(13)(330)Total interest-bearing liabilities$(167)$(764)$(931)$(292)$(1,304)$(1,596)Change in net interest income$1,807 $2,419 

Comparison of Results of Operation for the Three and Six Months Ended June 30, 2025 and 2024

General.  

Q2 2025 vs Q2 2024. Net income increased $1.3 million, or 158.1%, to $2.1 million, or $0.79 per diluted common share, for the three months ended June 30, 2025, compared to $795 thousand, or $0.31 per diluted common share, for the three months ended June 30, 2024. The increase was primarily the result of a $1.8 million increase in net interest income and a $72 thousand decrease in noninterest expense, partially offset by a $279 thousand increase in the provision for credit losses, a $42