Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 106

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 106
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 $4,914 $2,719 LESS:  Participating dividends - Unvested Restricted Stock Awards (“RSAs”)(2)(3)(5)(10)LESS: Income allocated to participating securities - Unvested RSAs(4)(4)(14)(8)Net income available to common stockholders - basic1,689 1,146 4,895 2,701 ADD BACK: Income allocated to participating securities - Unvested RSAs4 4 14 8 LESS: Income reallocated to participating securities - Unvested RSAs(4)(4)(14)(8)Net income available to common stockholders - diluted$1,689 $1,146 $4,895 $2,701 Weighted average number of shares outstanding, basic2,556,562 2,544,233 2,555,799 2,541,331 Effect of potentially dilutive common shares19,013 25,135 21,588 20,611 Weighted average number of shares outstanding, diluted2,575,575 2,569,368 2,577,387 2,561,942 Earnings per share, basic$0.66 $0.45 $1.92 $1.06 Earnings per share, diluted$0.66 $0.45 $1.90 $1.05 There were no anti-dilutive securities during the three and nine months ended September 30, 2025 and September 30, 2024.

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Note 10 – Leases

We currently have operating leases for branch locations, a loan production office and our corporate office. The term for our leases generally begins on the date we become legally obligated for the rent payments or we take possession of the building premises, whichever is earlier. Our real estate leases have initial terms ranging from one to 10.5 years and typically include one renewal option. As of September 30, 2025, our leases had remaining terms ranging from 5 months to 4.7 years. The operating leases require us to pay property taxes and operating expenses for the properties. We also have finance leases for certain equipment, including copier machines which had an initial term of five years and a remaining term of approximately 4.25 years.The following table presents the lease right-of-use assets and lease liabilities recorded on the Condensed Consolidated Balance Sheets at the dates indicated