Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 120

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 120
---
21 thousand related to the exercise of common stock options. These changes were partially offset by the payment of $1.5 million in cash dividends to stockholders. 

Average Balances, Net Interest Income, Yields Earned and Rates Paid

The following table presents, for the periods indicated, the total dollar amount of interest income from average interest-earning assets and the resultant yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates. Income and yields on tax-exempt obligations have not been computed on a tax equivalent basis. All average balances are daily average balances. Nonaccrual loans have been included in the table as loans carrying a zero yield for the period they have been on nonaccrual (dollars in thousands).Three Months Ended September 30,20252024AverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedAverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedInterest-earning assets:Loans receivable$910,330 $13,512 5.89 %$898,570 $12,876 5.70 %Investments12,541 124 3.92 13,806 132 3.80 Cash and cash equivalents95,422 1,016 4.22 138,240 1,830 5.27 Total interest-earning assets (1)1,018,293 14,652 5.71 1,050,616 14,838 5.62 Interest-bearing liabilities:Savings and money market accounts350,582 2,367 2.68 340,281 2,688 3.14 Demand and NOW accounts132,309 103 0.31 148,252 151 0.41 Certificate accounts291,139 2,805 3.82 303,632 3,524 4.62 Subordinated notes11,787 168 5.65 11,745 168 5.69 Borrowings25,000 269 4.27 40,000 434 4.32 Total interest-bearing liabilities810,817 5,712 2.79 %843,910 6,965 3.28 %Net interest income$8,940 $7,873 Net interest rate spread2.91 %2.34 %Net earning assets$207