Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 121

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 121
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,476  $206,706 Net interest margin3.48 %2.98 %Average interest-earning assets to average interest-bearing liabilities125.59 % 124.49 %Noninterest-bearing deposits$127,970 $132,762 Total deposits$902,000 $5,275 2.32 %$924,927 $6,363 2.74 %Total funding(2)$938,787 $5,712 2.41 %$976,672 $6,965 2.84 %

(1) Calculated net of deferred loan fees, loan discounts and loans in process.

(2)  Total funding is the sum of average interest-bearing liabilities and average noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by total funding.

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Nine Months Ended September 30,20252024AverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedAverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedInterest-earning assets:Loans receivable$900,780 $39,795 5.91 %$895,300 $37,429 5.58 %Investments11,431 355 4.15 12,607 377 3.99 Cash and cash equivalents97,996 3,123 4.26 122,194 4,832 5.28 Total interest-earning assets (1)1,010,207 43,273 5.73 1,030,101 42,638 5.53 Interest-bearing liabilities:Savings and money market accounts344,274 6,684 2.60 308,845 6,669 2.88 Demand and NOW accounts137,090 317 0.31 153,897 440 0.38 Certificate accounts289,800 8,704 4.02 312,176 10,950 4.69 Subordinated notes11,777 504 5.72 11,735 504 5.74 Borrowings25,002 798 4.27 40,000 1,293 4.32 Total interest-bearing liabilities807,943 17,007 2.81 %826,653 19,856 3.21 %Net interest income$