Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 106

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 106
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)— (4)Net lease expense$291 $269 $564 $536 The following table presents the schedule of lease liability payments at the date indicated (in thousands):June 30, Finance LeasesOperating LeasesTotal Lease Payments2026$29 $1,158 $1,187 202729 1,132 1,161 202829 1,086 1,115 202929 865 894 203014 106 120 Total lease payments130 4,347 4,477 Less: Present value discount12 252 264 Present value of lease liabilities$118 $4,095 $4,213 

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Lease term and discount rate by lease type consisted of the following at the dates indicated:June 30,2025December 31,2024Weighted-average remaining lease term:Operating leases3.9 years4.3 yearsFinance leases4.5 years0.0 yearsWeighted-average discount rate (annualized):Operating leases3.09 %2.88 %Finance leases4.41 %— %Supplemental cash flow information related to leases was as follows for the periods indicated (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Cash paid for amounts included in the measurement of lease liabilities for operating leases:Operating cash flows:Operating leases$280 $280 $559 $558 Finance leases3 — 3 — Financing cash flows:Finance leases12 — 12 — 

Note 11 – Subsequent Events 

On July 29, 2025, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.19 per common share, payable on August 25, 2025 to stockholders of record at the close of business on August 11, 2025. 

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Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operation

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Special Note Regarding Forward-Looking Statements 

Certain matters discussed in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact