Sound Financial Bancorp Inc 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number:001-35633 Sound Financial Bancorp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 2400 3rd Avenue,Suite 150,Seattle,Washington98121(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:(206)448-0884 None(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. As of May9, 2025, there were2,566,069shares of the registrant’s common stock outstanding. SOUND FINANCIAL BANCORP, INC.FORM 10-QTABLE OF CONTENTSPage NumberPART IFINANCIAL INFORMATIONItem 1.Financial StatementsCondensed Consolidated Balance Sheets as of March 31, 2025and December 31, 2024 (unaudited)3Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2025 and 2024 (unaudited)4Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and2024 (unaudited)5Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2025 and 2024(unaudited)6Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024(unaudited)7Notes to Condensed Consolidated Financial Statements (unaudited)8Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures41PART IIOTHER INFORMATIONItem 1.Legal Proceedings43Item 1A. Risk Factors43Item 2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 3.Defaults Upon Senior Securities43Item 4.Mine Safety Disclosures43Item 5.Other Information43Item 6.Exhibits44SIGNATURES45 PART I - FINANCIAL INFORMATIONItem 1. Financial Statements SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYCondensed Consolidated Balance Sheets (unaudited)(In thousands, except share and per share amounts) SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYCondensed Consolidated Statements of Income(unaudited)(In thousands, except share and per share amounts) SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYCondensed Consolidated Statements of Comprehensive Income(unaudited)(In thousands) Three Months Ended March 31, See Notes to Condensed Consolidated Financial Statements SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYCondensed Consolidated Statements of Stockholders’ EquityFor the Three Months Ended March31, 2025 and 2024(unaudited)(In thousands, except share and per share amounts) SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYCondensed Consolidated Statements of Cash Flows(unaudited)(In thousands) SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARYNotes to Condensed Consolidated Financial Statements(unaudited) Note 1 –Basis of Presentation The accompanying financial information is unaudited and has been prepared from the consolidated financial statements of SoundFinancial Bancorp, Inc, and its wholly owned subsidiaries, Sound Community Bank and Sound Community Insurance Agency,Inc.References in this document