Company: SFBC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001541119-25-000034
Chunk: 43

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 43
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ized loss position for more than 12 months. The unrealized losses were caused by changes in market interest rates or the widening of market spreads subsequent to the initial purchase of these securities, and not related to the underlying credit of the issuers or the underlying collateral. It is expected that these securities will not be settled at a price less than the amortized cost of each investment. There was no provision for credit losses recognized for investment securities during the three and six months ended June 30, 2025 and 2024, because the declines in fair value were not attributable to credit quality and because we do not intend, and it is not likely that we will be required, to sell these securities before recovery of their amortized cost basis. 

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Note 4 – Loans

Loans-held-for portfolio (which excludes loans held-for-sale) at the dates indicated were as follows (in thousands): June 30,2025December 31,2024Real estate loans:  One-to-four family$262,672 $269,684 Home equity28,582 26,686 Commercial and multifamily398,429 371,516 Construction and land49,926 73,077 Total real estate loans739,609 740,963 Consumer loans:Manufactured homes43,112 41,128 Floating homes91,448 86,411 Other consumer17,259 17,720 Total consumer loans151,819 145,259 Commercial business loans14,779 15,605 Total loans held-for-portfolio906,207 901,827 Premiums for purchased loans(1)662 718 Deferred fees, net(2,583)(2,374)Total loans held-for-portfolio, gross904,286 900,171 Allowance for credit losses — loans(8,536)(8,499)Total loans held-for-portfolio, net$895,750 $891,672 (1)Includes premiums resulting from purchased loans of $379 thousand related to one-to-four family loans, $228 thousand related to commercial and multifamily loans, and $54 thousand related to commercial business loans as of June 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 June 30