Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 137

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 137
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 935 Increase in cash surrender value of BOLI(625)(612)Net gain on BOLI death benefit— (567)Deferred income tax(273)(467)Net gain on disposal of premises and equipment, net(38)— Net gain on sale of loans(258)(340)Proceeds from sale of loans held-for-sale14,273 19,335 Originations of loans held-for-sale(14,899)(19,762)Net (gain) loss on sale of OREO and repossessed assets(37)13 Change in operating assets and liabilities:Accrued interest receivable(19)(369)Other assets(637)(688)Lease liabilities(997)(956)Advances from borrowers for taxes and insurance150 64 Accrued interest payable(52)422 Other liabilities(233)1,245 Net cash provided by operating activities2,932 6,886 CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from principal payments, maturities and sales of AFS securities385 2,043 Proceeds from principal payments, maturities and sales of HTM securities35 33 Net increase in loans(5,049)(28,660)(Purchases of BOLI) / Proceeds from death benefit of BOLI(5)633 Purchases of premises and equipment, net(76)(444)Proceeds from disposal of premises and equipment, net38 — Proceeds from sale of OREO and other repossessed assets727 71 Net cash used in investing activities(3,945)(26,324)CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in deposits11,260 17,776 Proceeds from borrowings— 40,000 Repayment of borrowings(15,000)(43,000)FHLB stock redeemed666 436 Common stock repurchases(65)(2,137)Dividends paid on common stock(1,948)(1,913)Surrender of stock to pay tax liability(218)(265)Proceeds from common stock option exercises269 395 Net cash provided by financing activities(5,036)11,292 Net change in cash and cash equivalents(6,049)(8,146)Cash and cash equivalents, beginning of period49,690 57,836 Cash and cash equivalents, end of period$43,