Sound Financial Bancorp, Inc. (SFBC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments183,590193,82855,77061,81060,68054,58248,264
Cash and cash equivalents183,590193,82855,77061,81060,68054,58248,264
Total current assets:183,590193,82855,77061,81060,68054,58248,264
Noncurrent Assets
Operating lease, right-of-use asset5,8116,7227,641
Property, plant and equipment5,8196,2706,7677,0447,3925,5495,335
Total noncurrent assets:11,63012,99214,4087,0447,3925,5495,335
Other undisclosed assets724,471654,582649,675647,881577,172528,252487,161
TOTAL ASSETS:919,691861,402719,853716,735645,244588,383540,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    59,00054,792 
Total current liabilities:    59,00054,792 
Noncurrent Liabilities
Other undisclosed liabilities826,333775,918642,127645,108521,084473,316486,240
Total liabilities:826,333775,918642,127645,108580,084528,108486,240
Stockholders' equity
Stockholders' equity attributable to parent93,35885,48477,72671,62765,16060,27554,520
Common stock26252525252525
Additional paid in capital27,95627,10626,34325,66324,98623,97923,002
Accumulated other comprehensive income13924017511410981164
Retained earnings65,23758,22651,41046,16540,49336,87332,240
Unearned esop shares (113)(227)(340)(453)(683)(911)
Total stockholders' equity:93,35885,48477,72671,62765,16060,27554,520
TOTAL LIABILITIES AND EQUITY:919,691861,402719,853716,735645,244588,383540,760

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues37,57940,46134,53932,91930,23924,60822,453
Net investment income33,38934,43933,09031,66126,70724,60822,453
Cost of revenue(425)(925) (525)(500)(454)(668)
Provision for loan, lease, and other losses(425)(925) (525)
Amortization of mortgage servicing rights (msrs)      (668)
Financial services costs(500)(454) 
Gross profit:37,15439,53634,53932,39429,73924,15421,785
Operating expenses(5,765)(5,461)(5,905)(5,370)(4,348)  
Operating income:31,38934,07528,63427,02425,39124,15421,785
Nonoperating income (expense)(392)(1,509)(379)320327  
Bank owned life insurance income416348381320327  
Mortgage servicing rights (msr) impairment (recovery)(808)(1,857)(760)    
Interest and debt expense(3,954)(7,450)(7,617)(5,360)(3,368)(2,919)(2,752)
Other undisclosed loss from continuing operations before equity method investments, income taxes (13,788)(12,308)(13,239)(14,157)(13,162)(11,954)
Income from continuing operations before equity method investments, income taxes:27,04311,3288,3308,7458,1938,0737,079
Other undisclosed loss from continuing operations before income taxes(15,615)      
Income from continuing operations before income taxes:11,42811,3288,3308,7458,1938,0737,079
Income tax expense(2,272)(2,391)(1,651)(1,706)(3,068)(2,695)(2,289)
Net income available to common stockholders, diluted:9,1568,9376,6797,0395,1255,3784,790

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:9,1568,9376,6797,0395,1255,3784,790
Comprehensive income:9,1568,9376,6797,0395,1255,3784,790
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(101)6561528(83)(19)
Comprehensive income, net of tax, attributable to parent:9,0559,0026,7407,0445,1535,2954,771

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: