Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 34

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 34
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 CONTINGENCIES (NOTE 7)— — STOCKHOLDERS’ EQUITYPreferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding— — Common stock, $0.01 par value, 40,000,000 shares authorized, 2,566,069 and 2,564,907 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively25 25 Additional paid-in capital28,665 28,413 Retained earnings79,724 76,272 Accumulated other comprehensive loss, net of tax(964)(1,044)Total stockholders’ equity107,450 103,666 Total liabilities and stockholders’ equity$1,060,163 $993,633 

See Notes to Condensed Consolidated Financial Statements

3

Table of Contents

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Income (unaudited)

(In thousands, except share and per share amounts)

 Three Months Ended September 30,Nine Months Ended September 30,2025202420252024INTEREST INCOME  Loans, including fees$13,512 $12,876 $39,795 $37,429 Interest and dividends on investments, cash and cash equivalents1,140 1,962 3,478 5,209 Total interest income14,652 14,838 43,273 42,638 INTEREST EXPENSEDeposits5,275 6,363 15,705 18,059 Borrowings269 434 798 1,293 Subordinated notes168 168 504 504 Total interest expense5,712 6,965 17,007 19,856 Net interest income8,940 7,873 26,266 22,782 PROVISION FOR (RELEASE OF) CREDIT LOSSES55 8 22 (134)Net interest income after provision for (release of) credit losses8,885 7,865 26,244 22,916 NONINTEREST INCOMEService charges and fee income672 628 2,020 2,001 Earnings on BOLI225 186 648 498 Mortgage servicing income262 280 794