Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 96

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 96
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 value of the collateral. Estimates for costs to sell are included in the determination of the ACL when liquidation of the collateral is anticipated. In cases where the loan is well secured and the estimated fair value of the collateral exceeds the amortized cost of the loan, no ACL is recorded.

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The following tables summarize collateral dependent loans by collateral type as of the dates indicated (in thousands):June 30, 2025Commercial Real EstateResidential Real EstateLandOther ResidentialRVs/AutomobilesBusiness Assets TotalReal estate loans:One- to four- family$— $1,230 $— $329 $— $— $1,559 Home equity— 359 — — — — 359 Commercial and multifamily— — — — — 1,065 1,065 Construction and land— — 21 — — — 21 Total real estate loans— 1,589 21 329 — 1,065 3,004 Consumer loans:Manufactured homes— — — 489 — — 489 Other consumer— — — — 8 — 8 Total consumer loans— — — 489 8 — 497 Commercial business loans— — — — — — — Total loans$— $1,589 $21 $818 $8 $1,065 $3,501 December 31, 2024Commercial Real EstateResidential Real EstateLandOther ResidentialRVs/AutomobilesBusiness AssetsTotalReal estate loans:One- to four- family$— $311 $— $364 $— $— $675 Home equity— 298 — — — — 298 Commercial and multifamily3,734 — — — — — 3,734 Construction and land— — 24 — — — 24 Total real estate loans3,734 609 24 364 — — 4,731 Consumer loans:Manufactured homes— — — 521 — — 521 Floating homes— — — 2,363 — — 2,363 Other consumer— — — — 1 — 1 Total consumer loans—