Company: SFBC
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001541119-25-000009
Chunk: 171

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 171
---
— $575 

As of December 31, 2024, there was one one-to-four family loan totaling $260 thousand that was in process of foreclosure.  

Note 9—Deposits

A summary of deposit accounts with the corresponding weighted-average cost of funds at December 31, 2024 and 2023, are presented below (dollars in thousands): December 31, 2024December 31, 2023 DepositBalanceWtd. AvgRateDepositBalanceWtd. AvgRateNoninterest-bearing demand$130,095 — %$124,134 — %Interest-bearing demand142,126 0.34 168,346 0.75 Savings61,252 0.10 69,461 0.07 Money market206,067 3.60 154,044 1.39 Certificates295,822 4.57 307,962 3.45 Escrow (1)2,437 — 2,592 — Total$837,799 2.63 %$826,539 1.64 %(1)Escrow balances shown in “Noninterest-bearing deposits” on the Consolidated Balance Sheets.Scheduled maturities of time deposits at December 31, 2024, are as follows (in thousands):Year Ending December 31,Amount2025$274,317 202618,496 20271,379 20281,109 2029521 Thereafter—  $295,822 Savings, demand, and money market accounts have no contractual maturity. Certificates of deposit have maturities of 5 years or less.The aggregate amount of time deposits in denominations of more than $250 thousand at December 31, 2024 and 2023, totaled  $90.9 million and $88.3 million, respectively. Deposits in excess of $250 thousand are not federally insured. There were no  money market brokered deposits outstanding at December 31, 2024 and $5.0 million at December 31, 2023.Deposits from related parties held by the Company were $9.8 million and $3.6 million at December 31, 2024 and 2023, respectively.

93

Note 10—Borrowings, FHLB Stock and Subordinated Notes

FHLB AdvancesThe following tables present advances from