Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 34

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
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 June 30, 2025 and December 31, 2024, respectively25 25 Additional paid-in capital28,590 28,413 Retained earnings78,517 76,272 Accumulated other comprehensive loss, net of tax(1,128)(1,044)Total stockholders’ equity106,004 103,666 Total liabilities and stockholders’ equity$1,058,242 $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 June 30,Six Months Ended June 30,2025202420252024INTEREST INCOME  Loans, including fees$13,695 $12,320 $26,283 $24,553 Interest and dividends on investments, cash and cash equivalents1,220 1,719 2,339 3,246 Total interest income14,915 14,039 28,622 27,799 INTEREST EXPENSEDeposits5,225 5,994 10,430 11,696 Borrowings267 429 529 859 Subordinated notes168 168 336 336 Total interest expense5,660 6,591 11,295 12,891 Net interest income9,255 7,448 17,327 14,908 PROVISION FOR (RELEASE OF) CREDIT LOSSES170 (109)(33)(142)Net interest income after provision (release of) for credit losses9,085 7,557 17,360 15,050 NONINTEREST INCOMEService charges and fee income664 761 1,348 1,373 Earnings on BOLI229 134 423 311 Mortgage servicing income263 279 531