Company: SFBC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001541119-25-000041
Chunk: 107

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 107
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 (in thousands):September 30,2025December 31,2024Operating lease right-of-use assets$3,569 $3,725 Finance lease right-of-use assets110 — Operating lease liabilities3,831 4,013 Finance lease liabilities112 — The following table presents the components of lease expense for the periods indicated (in thousands): Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Lease expenseOperating leases$278 $270 $827 $811 Finance leasesAmortization of right-of-use assets6 — 19 — Interest on lease liabilities1 — 4 — Sublease income— — — (4)Net lease expense$285 $270 $850 $807 The following table presents the schedule of lease liability payments at the date indicated (in thousands):September 30,Finance LeasesOperating LeasesTotal Lease Payments2026$29 $1,145 $1,174 202729 1,137 1,166 202829 1,033 1,062 202929 661 690 20307 77 84 Total lease payments123 4,053 4,176 Less: Present value discount11 222 233 Present value of lease liabilities$112 $3,831 $3,943 

27

Lease term and discount rate by lease type consisted of the following at the dates indicated:September 30,2025December 31,2024Weighted-average remaining lease term:Operating leases3.7 years4.3 yearsFinance leases4.3 years0.0 yearsWeighted-average discount rate (annualized):Operating leases3.09 %2.88 %Finance leases4.41 %— %Supplemental cash flow information related to leases was as follows for the periods indicated (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cash paid for amounts included in the measurement of lease liabilities for operating leases:Operating cash flows:Operating leases$294 $278 $853 $836 Finance leases1 — 4 — Financing cash flows:Finance leases6 — 18 — 

Note 11 – Subsequent Events 

On October 1, 2025, the Company redeemed $4.0 million of its