Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 35

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 35
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 841 Fair value adjustment on MSRs(372)101 (551)(81)Net gain on sale of loans94 40 187 205 Other income— — — 30 Total noninterest income881 1,235 3,098 3,494 NONINTEREST EXPENSESalaries and benefits4,259 4,469 13,175 13,670 Operations1,483 1,540 4,291 4,566 Regulatory assessments221 189 663 598 Occupancy431 414 1,284 1,255 Data processing1,274 1,067 3,821 2,995 Net loss (gain) on OREO and repossessed assets8 — 19 (10)Total noninterest expense7,676 7,679 23,253 23,074 Income before provision for income taxes2,090 1,421 6,089 3,336 Provision for income taxes395 267 1,175 617 Net income$1,695 $1,154 $4,914 $2,719 Earnings per common share:Basic$0.66 $0.45 $1.92 $1.06 Diluted$0.66 $0.45 $1.90 $1.05 Weighted-average number of common shares outstanding:Basic2,556,562 2,544,233 2,555,799 2,541,331 Diluted2,575,575 2,569,368 2,577,387 2,561,942 

See Notes to Condensed Consolidated Financial Statements

4

Table of Contents

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Comprehensive Income (unaudited)

(In thousands)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net income$1,695 $1,154 $4,914 $2,719 Available for sale securities:Unrealized gains arising during the period208 161 101 84 Income tax expense related to unrealized gains(44)(34)(21)(18)Other comprehensive income, net of tax164 127 80 66 Comprehensive income$1,859