Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 104

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 104
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.  Total stockholders’ equity increased $765 thousand, or 0.7%, to $104.4 million at March 31, 2025, from $103.7 million at December 31, 2024. This increase primarily reflects $1.2 million of net income earned during the current quarter, $81 thousand in share-based compensation, and $21 thousand in common stock options exercised, partially offset by a $17 thousand increase in accumulated other comprehensive loss, net of tax and the payment of $487 thousand in cash dividends to the Company's stockholders. 

Average Balances, Net Interest Income, Yields Earned and Rates Paid

The following table presents, for the periods indicated, the total dollar amount of interest income from average interest-earning assets and the resultant yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates. Income and yields on tax-exempt obligations have not been computed on a tax equivalent basis. All average balances are daily average balances. Nonaccrual loans have been included in the table as loans carrying a zero yield for the period they have been on nonaccrual (dollars in thousands).Three Months Ended March 31,20252024AverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedAverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedInterest-earning assets:Loans receivable$896,822 $12,588 5.69 %$895,430 $12,233 5.49 %Investments12,924 108 3.39 14,038 111 3.18 Cash and cash equivalents95,999 1,010 4.27 107,361 1,416 5.30 Total interest-earning assets (1)1,005,745 13,706 5.53 1,016,829 13,760 5.44 Interest-bearing liabilities:Savings and money market accounts335,419 2,058 2.49 284,455 1,866 2.64 Demand and NOW accounts140,905 108 0.31 159,762 141 0.35 Certificate accounts289,960 3,039 4.25 315,495 3,696 4.71 Subordinated notes11,766 168 5.79 11,724 168 5