Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 11

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 2
Chunk 11
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 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 March 31,20252024AverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedAverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedInterest-earning assets:Loans receivable$896,822 $12,588 5.69 %$895,430 $12,233 5.49 %Investments12,924 108 3.39 14,038 111 3.18 Cash and cash equivalents95,999 1,010 4.27 107,361 1,416 5.30 Total interest-earning assets (1)1,005,745 13,706 5.53 1,016,829 13,760 5.44 Interest-bearing liabilities:Savings and money market accounts335,419 2,058 2.49 284,455 1,866 2.64 Demand and NOW accounts140,905 108 0.31 159,762 141 0.35 Certificate accounts289,960 3,039 4.25 315,495 3,696 4.71 Subordinated notes11,766 168 5.79 11,724 168 5.76 Borrowings25,000 262 4.25 40,000 429 4.31 Total interest-bearing liabilities803,050 5,635 2.85 %811,436 6,300 3.12 %Net interest income$8,071 $7,460 Net interest rate spread2.68 %2.32 %Net earning assets$202,695  $205,393 Net interest margin3.25 %2.95 %Average interest-earning assets to average interest-bearing liabilities125.24 % 125.31 %Noninterest-bearing deposits$126,215 $132,438 Total deposits