Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 44

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 44
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 commercial business loans as of September 30, 2025. Includes premiums resulting from purchased loans of $404 thousand related to one-to-four family loans, $244 thousand related to commercial and multifamily loans, and $70 thousand related to commercial business loans as of December 31, 2024.

As of September 30, 2025, there were three collateral dependent consumer mortgage loans, totaling $186 thousand, that were in process of foreclosure.

The following table presents a summary of activity in the ACL on loans and the reserve for unfunded loan commitments for the periods indicated (in thousands):

12

Three Months Ended September 30,20252024ACL - LoansReserve for Unfunded Loan CommitmentsACL ACL - LoansReserve for Unfunded Loan CommitmentsACLBalance at beginning of period$8,536 $122 $8,658 $8,493 $245 $8,738 Provision for (release of) credit losses during the period65 (10)55 106 (98)8 Net charge-offs during the period(37)— (37)(14)— (14)Balance at end of period$8,564 $112 $8,676 $8,585 $147 $8,732 Nine Months Ended September 30,20252024ACL - LoansReserve for Unfunded Loan CommitmentsACLACL - LoansReserve for Unfunded Loan CommitmentsACLBalance at beginning of period$8,499 $234 $8,733 $8,760 $193 $8,953 Provision for (release of) credit losses during the period144 (122)22 (88)(46)(134)Net charge-offs during the period(79)— (79)(87)— (87)Balance at end of period$8,564 $112 $8,676 $8,585 $147 $8,732 Accrued interest receivable on loans receivable totaled $3.7 million at September 30, 2025 and $3.4 million at December 31, 2024, in the accompanying Condensed Consolidated Balance Sheets. Accrued interest receivable is excluded from the ACL. The ACL is measured using the current expected credit losses (“CECL”) approach for financial instruments measured at amortized cost and for other commitments to extend credit. CECL requires the immediate recognition of estimated credit losses expected