Sound Financial Bancorp, Inc. (SFBC) Financial Statements (2025 and earlier)

Company Profile

Business Address 2400 3RD AVENUE
SEATTLE, WA 98121
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,64149,69057,836183,590193,82855,770
Cash and cash equivalent43,64149,69057,836183,590193,82855,770
Financing receivable, accrued interest, after allowance for credit loss3,400   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss49   
Total current assets:43,64153,13957,836183,590193,82855,770
Noncurrent Assets
Operating lease, right-of-use asset3,7254,4965,1025,8116,7227,641
Property, plant and equipment4,6975,2405,5135,8196,2706,767
Intangible assets, net (including goodwill) 777     
Goodwill 777     
Total noncurrent assets:9,1999,73610,61511,63012,99214,408
Other undisclosed assets940,793932,346907,900724,471654,582649,675
TOTAL ASSETS:993,633995,221976,351919,691861,402719,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 15,000    
Total current liabilities: 15,000    
Noncurrent Liabilities
Other undisclosed liabilities889,967879,567878,646826,333775,918642,127
Total liabilities:889,967894,567878,646826,333775,918642,127
Equity
Equity, attributable to parent103,666100,65497,70593,35885,48477,726
Common stock252526262525
Additional paid in capital28,41327,99028,00427,95627,10626,343
Accumulated other comprehensive income (loss)(1,044)(988)(1,117)139240175
Retained earnings76,27273,62770,79265,23758,22651,410
Unearned esop shares     (113)(227)
Total equity:103,666100,65497,70593,35885,48477,726
TOTAL LIABILITIES AND EQUITY:993,633995,221976,351919,691861,402719,853

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues50,75746,81038,72337,57940,46134,539
Net investment income50,49946,47038,17733,38934,43933,090
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (1,225)(425)(925) 
Gross profit:50,75746,81037,49837,15439,53634,539
Operating expenses(5,894)(6,095)(5,812)(5,765)(5,461)(5,905)
Other operating income, net
(Noninterest Income, Other Operating Income)
      
Other undisclosed operating loss      
Operating income:44,86340,71531,68631,38934,07528,634
Nonoperating income (expense)621960426(392)(1,509)(379)
Bank owned life insurance income6251,179219416348381
Mortgage servicing rights (msr) impairment (recovery)(4)(219)207(808)(1,857)(760)
Interest and debt expense  (16,759)(4,500)(3,954)(7,450)(7,617)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (13,788)(12,308)
Income from continuing operations before equity method investments, income taxes:45,48424,91627,61227,04311,3288,330
Other undisclosed loss from continuing operations before income taxes(39,838)(15,916)(16,736)(15,615)  
Income from continuing operations before income taxes:5,6469,00010,87611,42811,3288,330
Income tax expense(1,006)(1,561)(2,072)(2,272)(2,391)(1,651)
Income from continuing operations:4,6407,4398,8049,1568,9376,679
Income before gain (loss) on sale of properties:9,1568,9376,679
Net income attributable to parent:4,6407,4398,8049,1568,9376,679
Undistributed earnings (loss) allocated to participating securities, basic(18)(35)(47)   
Other undisclosed net loss available to common stockholders, basic(13)(12)(14)   
Net income available to common stockholders, diluted:4,6097,3928,7439,1568,9376,679

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:4,6407,4398,8049,1568,9376,679
Comprehensive income:4,6407,4398,8049,1568,9376,679
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(56)129(1,256)(101)6561
Comprehensive income, net of tax, attributable to parent:4,5847,5687,5489,0559,0026,740

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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