Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 8

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 8
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Commercial business loans5,151 8,182 2,272 — 15,605 Total$103,800 $151,843 $264,625 $381,559 $901,827 

The following table sets forth the amount of total loans due after December 31, 2025, with fixed or adjustable interest rates (in thousands).

Fixed-RateAdjustable-RateTotalReal estate loans:One-to-four family$163,310 $99,416 $262,726 Home equity11,040 15,487 26,527 Commercial and multifamily99,668 239,628 339,296 Construction and land9,487 7,582 17,069 Total real estate loans283,505 362,113 645,618 Consumer loans:Manufactured homes41,071 — 41,071 Floating homes57,628 27,419 85,047 Other consumer15,383 454 15,837 Total consumer loans114,082 27,873 141,955 Commercial business loans4,040 6,414 10,454 Total$401,627 $396,400 $798,027 

Lending Authority.  Our President and Chief Executive Officer (“CEO”) may approve unsecured loans up to $1.0 million and all types of secured loans up to 30% of our legal lending limit, or approximately $7.4 million at December 31, 2024. Our Senior Vice President and Chief Credit Officer (“CCO”) may approve unsecured loans up to $400,000 and secured loans up to 15% of our legal lending limit, or approximately $3.7 million at December 31, 2024. The Chief Banking Offer may approve unsecured loans up to $50,000 and all types of secured loans up to approximately $1.5 million at December 31, 2024. The Chief Financial/Strategy Officer may approve unsecured loans up to $400,000 and all types of secured loans up to approximately $2.5 million at December 31, 2024. Any loans over the CEO’s lending authority or loans significantly outside our general underwriting 

9

guidelines must be approved by the Management Loan Committee and approved loans are subsequently reviewed by the Board of Directors Loan Committee, consisting of four independent directors, and the CEO. Lending authority is also granted to certain other lending