Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 37

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 37
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— 795 — 795 Other comprehensive gain, net of tax— — — — 1 1 Share-based compensation— — 97 — — 97 Cash dividends paid on common stock ($0.19 per share)— — — (486)— (486)Common stock repurchased(1,462)— (16)(43)— (59)Common stock options exercised200 — 7 — — 7 Balance, at June 30, 20242,557,284 $25 $28,198 $74,173 $(1,049)$101,347 Balance, at December 31, 20232,549,427 $25 $27,990 $73,627 $(988)$100,654 Net income— — — 1,564 — 1,564 Other comprehensive loss, net of tax— — — — (61)(61)Share-based compensation— — 193 — — 193 Restricted common stock awards issued8,048 — — — — — Cash dividends paid on common stock ($0.38 per share)— — — (972)— (972)Common stock repurchased(1,626)— (18)(46)— (64)Common stock options exercised1,435 — 33 — — 33 Balance, at June 30, 20242,557,284 $25 $28,198 $74,173 $(1,049)$101,347 

See Notes to Condensed Consolidated Financial Statements

7

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Cash Flows (unaudited)

(In thousands)

 Six Months Ended June 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:  Net income$3,219 $1,564 Adjustments to reconcile net income to net cash from operating activities:Amortization of net premiums on investments42 42 Release of credit losses(33)(142)Depreciation and amortization261 343 Share-based compensation156 193 Fair value adjustment on mortgage servicing rights179 181 Right of use assets amortization505 476 Change in lease liabilities(513)(493)