Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 37

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 37
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— — 1,154 — 1,154 Other comprehensive gain, net of tax— — — — 127 127 Share-based compensation— — 98 — — 98 Common stock surrendered(5,053)— (218)— — (218)Cash dividends paid on common stock ($0.19 per share)— — — (487)— (487)Common stock options exercised11,864 — 218 — — 218 Balance, at September 30, 20242,564,095 $25 $28,296 $74,840 $(922)$102,239 Balance, at December 31, 20232,549,427 $25 $27,990 $73,627 $(988)$100,654 Net income— — — 2,719 — 2,719 Other comprehensive gain, net of tax— — — — 66 66 Share-based compensation— — 291 — — 291 Restricted common stock awards issued8,048 — — — — — Cash dividends paid on common stock ($0.57 per share)— — — (1,459)— (1,459)Common stock repurchased(1,626)— (18)(47)— (65)Common stock surrendered(5,053)— (218)— — (218)Common stock options exercised13,299 — 251 — — 251 Balance, at September 30, 20242,564,095 $25 $28,296 $74,840 $(922)$102,239 

See Notes to Condensed Consolidated Financial Statements

7

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Cash Flows (unaudited)

(In thousands)

 Nine Months Ended September 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:  Net income$4,914 $2,719 Adjustments to reconcile net income to net cash from operating activities:Amortization of net premiums on investments64 64 Provision for (release of) credit losses22 (134)Depreciation and amortization376 483 Share-based compensation231 291 Fair