Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 115

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 115
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ies$— $— — — Average loans outstanding$45,332 $106,853 $55,205 $116,248 Manufactured homes:— %— %(0.09)%(0.12)%Net (charge-offs)/recoveries$— $— $(19)$(23)Average loans outstanding$42,751 $38,519 $42,172 $37,617 Floating homes:— %— %— %— %Net (charge-offs)/recoveries$— $— $— $— Average loans outstanding$89,704 $82,940 $87,660 $80,869 Other consumer:(0.48)%(0.37)%(0.26)%(0.54)%Net (charge-offs)$(21)$(17)$(23)$(50)Average loans outstanding$17,519 $18,570 $17,576 $18,757 Commercial business:— %— %— %— %Net (charge-offs)/recoveries$— $— $— $— Average loans outstanding$14,446 $18,421 $14,855 $19,809 Total loans:(0.01)%(0.01)%(0.01)%(0.02)%Net (charge-offs)$(21)$(17)$(42)$(73)Average loans outstanding$895,634 $892,838 $896,680 $894,523 

Nonperforming Assets.  

Nonperforming assets (“NPAs”), which were comprised of nonperforming loans (nonaccrual loans and nonperforming modified loans), other real estate owned (“OREO”) and repossessed assets, decreased $3.8 million, or 51.1%, to $3.7 million, or 0.35% of total assets, at June 30, 2025 from $7.5 million, or 0.75% of total assets, at December 31, 2024. 

The table below sets forth the amounts and categories of NPAs at the dates indicated (dollars in thousands):

 Nonperforming Assets June 30,2025December 31,2024AmountChangePercentChangeTotal nonperforming loans$3,366 $7,491 $(4,