Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 35

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 35
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 561 Fair value adjustment on MSRs(80)(116)(179)(181)Net gain on sale of loans44 74 93 164 Other income— 30 — 30 Total noninterest income1,120 1,162 2,216 2,258 NONINTEREST EXPENSESalaries and benefits4,321 4,658 8,916 9,201 Operations1,443 1,569 2,808 3,026 Regulatory assessments222 220 442 409 Occupancy416 397 853 841 Data processing1,254 910 2,547 1,928 Net loss (gain) on OREO and repossessed assets9 (17)12 (11)Total noninterest expense7,665 7,737 15,578 15,394 Income before provision for income taxes2,540 982 3,998 1,914 Provision for income taxes488 187 779 350 Net income$2,052 $795 $3,219 $1,564 Earnings per common share:Basic$0.80 $0.31 $1.25 $0.61 Diluted$0.79 $0.31 $1.24 $0.61 Weighted-average number of common shares outstanding:Basic2,556,562 2,540,538 2,555,413 2,539,872 Diluted2,577,990 2,559,015 2,578,287 2,557,993 

See Notes to Condensed Consolidated Financial Statements

4

Table of Contents

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Comprehensive Income (unaudited)

(In thousands)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net income$2,052 $795 $3,219 $1,564 Available for sale securities:Unrealized (losses) gains arising during the period(85)1 (106)(77)Income tax expense related to unrealized losses18 — 22 16 Other comprehensive (loss) gain, net of tax(67)1 (84)(61)Comprehensive income$1,985 $