Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 87

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 87
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112)$2,798 Home equity179 — — 20 199 Commercial and multifamily1,106 — — 24 1,130 Construction and land1,329 — — (257)1,072 Manufactured homes833 — 105 938 Floating homes1,799 — — 111 1,910 Other consumer(1)333 (21)4 32 348 Commercial business109 — — (11)98 Total$8,598 $(21)$4 $(88)$8,493 (1)During the three months ended June 30, 2024, the gross charge-offs of other consumer loans related entirely to deposit overdrafts that were charged off.  

Six Months Ended June 30, 2025 BeginningAllowanceCharge-offsRecoveriesProvision for (Release of) Credit LossesEndingAllowanceOne-to-four family$3,025 $— $— $302 $3,327 Home equity307 — — 53 360 Commercial and multifamily1,218 — — 18 1,236 Construction and land992 — — (723)269 Manufactured homes(1)1,172 (19)— 242 1,395 Floating homes1,282 — — 128 1,410 Other consumer(2)401 (31)8 73 451 Commercial business102 — — (14)88 Total$8,499 $(50)$8 $79 $8,536 (1)During the six months ended June 30, 2025, there was one manufactured home loan originated in 2022 that was charged off and then subsequently foreclosed upon. (2)During the six months ended June 30, 2025, there was one other consumer loan for $23 thousand originated in 2024 related to a consumer line of credit that was charged off, with the remainder of the gross charge-offs of other consumer loans related entirely to deposit overdrafts. 

14

Six Months Ended June 30, 2024 BeginningAllowanceCharge-offsRecoveriesProvision for (Release of) Credit LossesEndingAllowanceOne-to-four family$2,630 $— $— $168 $2,798 Home equity185 —