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

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 12
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empt obligations have not been computed on a tax equivalent basis. All average balances are daily average balances. Nonaccrual loans have been included in the table as loans carrying a zero yield for the period they have been on nonaccrual (dollars in thousands).Three Months Ended September 30,20252024AverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedAverageOutstandingBalanceInterestEarned/PaidYield/Rate AnnualizedInterest-earning assets:Loans receivable$910,330 $13,512 5.89 %$898,570 $12,876 5.70 %Investments12,541 124 3.92 13,806 132 3.80 Cash and cash equivalents95,422 1,016 4.22 138,240 1,830 5.27 Total interest-earning assets (1)1,018,293 14,652 5.71 1,050,616 14,838 5.62 Interest-bearing liabilities:Savings and money market accounts350,582 2,367 2.68 340,281 2,688 3.14 Demand and NOW accounts132,309 103 0.31 148,252 151 0.41 Certificate accounts291,139 2,805 3.82 303,632 3,524 4.62 Subordinated notes11,787 168 5.65 11,745 168 5.69 Borrowings25,000 269 4.27 40,000 434 4.32 Total interest-bearing liabilities810,817 5,712 2.79 %843,910 6,965 3.28 %Net interest income$8,940 $7,873 Net interest rate spread2.91 %2.34 %Net earning assets$207,476  $206,706 Net interest margin3.48 %2.98 %Average interest-earning assets to average interest-bearing liabilities125.59 % 124.49 %Noninterest-bearing deposits$127,970 $132,762 Total deposits$902,000 $5,275 2.32 %$924,927 $6,363 2.74 %Total funding(2)$938,787 $5,712