Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 42

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 42
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 is excluded from the allowance for credit losses. The following table summarizes the aggregate fair value and gross unrealized loss by length of time of those investments for which an allowance for credit losses has not been recorded that have been in a continuous unrealized loss position at the dates indicated (in thousands): September 30, 2025 Less Than 12 Months12 Months or LongerTotal FairValueUnrealizedLossFairValueUnrealizedLossFairValueUnrealizedLossAvailable-for-sale securitiesMunicipal bonds$— $— $3,717 $(950)$3,717 $(950)Agency mortgage-backed securities— — 1,939 (289)1,939 (289)Total available-for-sale securities$— $— $5,656 $(1,239)$5,656 $(1,239)Held-to-maturity securitiesMunicipal bonds$— $— $533 $(170)$533 $(170)Agency mortgage-backed securities— — 1,019 (177)1,019 (177)Total held-to-maturity securities$— $— $1,552 $(347)$1,552 $(347) December 31, 2024 Less Than 12 Months12 Months or LongerTotal FairValueUnrealizedLossFairValueUnrealizedLossFairValueUnrealizedLossAvailable-for-sale securitiesMunicipal bonds$— $— $3,708 $(991)$3,708 $(991)Agency mortgage-backed securities44 (2)2,020 (347)2,064 (349)Total$44 $(2)$5,728 $(1,338)$5,772 $(1,340)Held-to-maturity securitiesMunicipal bonds$— $— $540 $(163)$540 $(163)Agency mortgage-backed securities— — 1,172 (255)1,172 (255)Total held-to-maturity securities$— $— $1,712 $(418)$1,712 $(418)

There was no allowance for credit losses on securities at September 30, 2025 or December 31, 2024. At both September 30, 2025 and December 31, 2024, the total securities portfolio consisted of 11 agency mortgage-backed securities and 11 municipal bonds. At September 30,