Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 7

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 7
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 thousand, or 0.8%, to $8.6 million at September 30, 2025, from $8.5 million at December 31, 2024. The increase in the ACL - loans was primarily a result of an increase in the balance of our loan portfolio, as well as higher reserves on our portfolio of other consumer loans and residential loans due to qualitative adjustments for uncertainty in market conditions and concentrations, partially offset by lower reserves due to qualitative adjustments for improved credit quality.  See “Comparison of Results of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 — Provision for Credit Losses.” 

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The following tables show certain credit ratios at the dates and for the periods indicated and the components of each ratio's calculation (dollars in thousands).

 At September 30, 2025At December 31, 2024ACL - loans as a percentage of total loans outstanding0.94 %0.94 %ACL — loans$8,564 $8,499 Total loans outstanding$911,953 $901,827 Nonaccrual loans as a percentage of total loans outstanding0.30 %0.83 %Total nonaccrual loans$2,717 $7,491 Total loans outstanding$911,953 $901,827 ACL - loans as a percentage of nonaccrual loans315.20 %113.46 %ACL — loans$8,564 $8,499 Total nonaccrual loans$2,717 $7,491 ACL as a percentage of total loans outstanding0.95 %0.97 %ACL$8,676 $8,733 Total loans outstanding$911,953 $901,827 ACL as a percentage of nonaccrual loans319.32 %116.58 %ACL$8,676 $8,733 Total nonaccrual loans$2,717 $7,491 

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Three Months Ended September 30,Nine Months Ended September 30,2025202420252024($ in thousands)Net recoveries (charge-offs) during period to average loans outstanding:One-to-four family:— %— %— %— %Net (charge-offs)/recoveries$— $— $— $— Average loans outstanding$259,374 $273,113 $262