XML 42 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Parent Company Financial Information
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Information Parent Company Financial Information
The Balance Sheets, Statements of Income, and Statements of Cash Flows for Sound Financial Bancorp (Parent Only) are presented below (dollars in thousands):
Balance sheetsDecember 31,
 20242023
Assets  
Cash and cash equivalents$1,310 $177 
Investment in Sound Community Bank114,534 112,668 
Other assets64 139 
Total assets$115,908 $112,984 
Liabilities and Stockholders' Equity
Subordinated notes, net$11,759 $11,717 
Other liabilities483 613 
Total liabilities12,242 12,330 
Stockholders' equity103,666 100,654 
Total liabilities and stockholders' equity$115,908 $112,984 
Statements of IncomeYear Ended December 31,
 20242023
Dividend from subsidiary$4,250 $2,771 
Interest expense on subordinated notes(672)(672)
Other expenses(776)(719)
Income before income tax benefit and equity in undistributed net income of subsidiary
2,802 1,381 
Income tax benefit304 287 
Equity in undistributed earnings of subsidiary1,537 5,771 
Net income$4,643 $7,439 
Statements of Cash FlowsYear Ended December 31,
 20242023
Cash flows from operating activities:  
Net income$4,643 $7,439 
Adjustments to reconcile net income to net cash provided by operating activities:
Other, net(13)277 
Expense allocation to holding company(217)(265)
Equity in undistributed earnings of subsidiary(1,537)(5,771)
Net cash provided by operating activities
2,876 1,680 
Cash flows from financing activities:
Dividends paid(1,948)(1,913)
Repurchase of stock(65)(2,137)
Stock options exercised269 395 
Net cash used in financing activities(1,744)(3,655)
Net increase (decrease) in cash
1,132 (1,975)
Cash and cash equivalents at beginning of year177 2,152 
Cash and cash equivalents at end of year$1,309 $177