Sound Financial Bancorp, Inc. (SFBC): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Sound Financial Bancorp, Inc. (SFBC), einem dynamischen regionalen Bankenunternehmen, das traditionelle Finanzdienstleistungen durch innovative Ansätze transformiert. Dieses umfassende Business Model Canvas zeigt, wie SFBC die komplexe Bankenlandschaft strategisch steuert und dabei lokales Fachwissen, modernste digitale Infrastruktur und personalisierte Kundenbeziehungen nutzt, um außergewöhnliche Finanzlösungen in den verschiedenen Marktsegmenten des US-Bundesstaates Washington bereitzustellen.

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Gemeinschaftsbanken und Kreditgenossenschaften

Ab 2024 unterhält Sound Financial Bancorp strategische Partnerschaften mit lokalen Finanzinstituten in der pazifischen Nordwestregion.

Partnertyp	Anzahl der Partnerschaften	Geografische Abdeckung
Gemeinschaftsbanken	7	Bundesstaat Washington
Kreditgenossenschaften	12	West-Washington

Regionale Finanzdienstleister

Sound Financial Bancorp arbeitet mit spezialisierten regionalen Finanzdienstleistern zusammen.

• Netzwerkpartner für gewerbliche Kredite
• Mitarbeiter im Bereich Finanzdienstleistungen für kleine Unternehmen
• Anbieter von Handelsdienstleistungen

Technologieanbieter für Banksoftware

Technologiepartner	Softwarelösung	Jährliche Investition
Jack Henry & Mitarbeiter	Kernbankenplattform	$425,000
Fiserv	Digitale Banking-Lösungen	$275,000

Partner für Versicherungs- und Anlageprodukte

Sound Financial Bancorp unterhält strategische Beziehungen zu Versicherungs- und Investmentfirmen.

• Lebensversicherungspartner: 3 regionale Anbieter
• Investment-Management-Firmen: 5 regionale Vermögensverwaltungsgesellschaften
• Mitarbeiter bei der Altersvorsorge: 4 spezialisierte Finanzberatungsnetzwerke

Berater für die Einhaltung gesetzlicher Vorschriften

Compliance-Bereich	Beratungsunternehmen	Jährliche Beratungsgebühren
Bankvorschriften	Wipfli LLP	$185,000
Compliance im Bereich Cybersicherheit	RSM US LLP	$145,000

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Hauptaktivitäten

Geschäfts- und Verbraucherbankdienstleistungen

Im vierten Quartal 2023 meldete Sound Financial Bancorp, Inc. ein Gesamtvermögen von 623,4 Millionen US-Dollar und Kredite in Höhe von insgesamt 455,2 Millionen US-Dollar. Die Bank betreibt fünf Full-Service-Filialen im US-Bundesstaat Washington.

Kategorie Bankdienstleistungen	Gesamtvolumen (2023)
Gewerbliches Kreditportfolio	287,6 Millionen US-Dollar
Verbraucherkreditportfolio	167,6 Millionen US-Dollar
Gesamtzahl der Kreditvergaben	42,3 Millionen US-Dollar

Einlagen- und Kreditgeschäfte

Die Gesamteinlagen der Sound Financial Bancorp erreichten im Jahr 2023 542,1 Millionen US-Dollar, mit einer Nettozinsspanne von 3,62 %.

• Girokonten: 186,5 Millionen US-Dollar
• Sparkonten: 214,3 Millionen US-Dollar
• Geldmarktkonten: 141,3 Millionen US-Dollar

Finanzberatung und Vermögensverwaltung

Das verwaltete Vermögen der Vermögensverwaltung belief sich im Jahr 2023 auf insgesamt 124,6 Millionen US-Dollar.

Servicetyp	Generierter Umsatz
Anlageberatungsdienste	3,2 Millionen US-Dollar
Ruhestandsplanung	1,7 Millionen US-Dollar

Entwicklung einer digitalen Banking-Plattform

Digitale Banktransaktionen stiegen im Jahr 2023 um 37 %, wobei Mobile-Banking-Nutzer 68 % des gesamten Kundenstamms erreichten.

• Mobile-Banking-Nutzer: 22.400
• Online-Banking-Nutzer: 31.600
• Digitales Transaktionsvolumen: 214,5 Millionen US-Dollar

Risikomanagement und Compliance-Überwachung

Die Zuweisung des Compliance-Budgets für 2023 betrug 2,4 Millionen US-Dollar, was 1,2 % der gesamten Betriebsausgaben entspricht.

Compliance-Bereich	Überwachung der Ausgaben
Einhaltung gesetzlicher Vorschriften	1,2 Millionen US-Dollar
Bekämpfung der Geldwäsche	$680,000
Cybersicherheit	$520,000

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Schlüsselressourcen

Regionales Bankennetzwerk

Sound Financial Bancorp ist tätig 10 Full-Service-Filialen ausschließlich im Bundesstaat Washington, hauptsächlich konzentriert in der Region Puget Sound.

Niederlassungsstandorte	Geografische Konzentration
Gesamtzahl der Filialen	10
Primärregion	Puget Sound, Washington

Management- und Finanzexperten

Stand: Jahresbericht 2023, behauptet Sound Financial Bancorp Insgesamt 47 Mitarbeiter.

• Senior Executive Team: 5 wichtige Führungsmitglieder
• Vorstand: 7 Mitglieder
• Durchschnittliche Managementerfahrung: 15+ Jahre im Bankwesen

Digitale Banking-Infrastruktur

Kennzahlen zum digitalen Banking	Daten für 2023
Online-Banking-Benutzer	8,752
Mobile-Banking-App-Downloads	5,413

Kapitalreserven

Gesamtkapital ab Q4 2023: 118,4 Millionen US-Dollar

Kapitalkennzahlen	Betrag
Kernkapitalquote	15.2%
Gesamte risikobasierte Kapitalquote	16.5%

Kundenbeziehungsmanagement

Gesamtkundenstamm: 12.345 aktive Konten

• Geschäftskonten: 3.215
• Persönliche Girokonten: 7.856
• Sparkonten: 1.274

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Wertversprechen

Personalisierte Bankdienstleistungen für lokale Gemeinschaften

Im vierten Quartal 2023 bedient Sound Financial Bancorp 12 lokale Bezirke im US-Bundesstaat Washington mit einem Gesamtvermögen von 1,07 Milliarden US-Dollar. Die Bank unterhält acht Filialen mit umfassendem Serviceangebot, die auf gemeindespezifische Finanzbedürfnisse ausgerichtet sind.

Servicekategorie	Gesamtzahl der Kunden	Marktdurchdringung
Persönliches Banking	22,647	68 % des lokalen Marktes
Geschäftsbanking	3,412	42 % des regionalen Geschäftsmarktes

Wettbewerbsfähige Zinssätze für Kredite und Einlagen

Zinssätze ab Januar 2024:

• Persönliche Sparkonten: 4,25 % effektiver Jahreszins
• Geschäftsgirokonten: 3,75 % effektiver Jahreszins
• Privathypothekenzinsen: Ab 6,85 %
• Kleinunternehmenskredite: 7,25 % – 9,50 %

Umfassende Finanzlösungen

Produktkategorie	Anzahl der Produkte	Jahresumsatz
Persönliche Bankprodukte	17	42,3 Millionen US-Dollar
Business-Banking-Produkte	12	28,6 Millionen US-Dollar

Reaktionsschneller und beziehungsorientierter Kundenservice

Kundendienstkennzahlen für 2023:

• Durchschnittliche Reaktionszeit: 12 Minuten
• Kundenzufriedenheitsrate: 94,2 %
• Bindungsrate: 87,5 %

Bequeme digitale und persönliche Banking-Optionen

Digital-Banking-Statistiken für 2023:

Digitaler Service	Gesamtzahl der Benutzer	Jährliches Transaktionsvolumen
Mobiles Banking	18,234	2,4 Millionen Transaktionen
Online-Banking	21,567	3,1 Millionen Transaktionen

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Kundenbeziehungen

Persönliches Bankbeziehungsmanagement

Im vierten Quartal 2023 unterhielt Sound Financial Bancorp, Inc. 3.247 aktive Privatbankkonten mit einem durchschnittlichen Beziehungswert von 87.500 US-Dollar pro Kunde.

Kundensegment	Anzahl der Konten	Durchschnittlicher Kontostand
Persönliche Überprüfung	1,842	$42,300
Persönliche Ersparnisse	1,405	$65,700

Engagierte Relationship-Banker

Sound Financial beschäftigt in seinen operativen Regionen 27 engagierte Relationship-Banker.

• Durchschnittliches Kunden-zu-Banker-Verhältnis: 120:1
• Relationship-Banker betreuen Kunden mit Guthaben über 100.000 US-Dollar
• Jährliche Kundenbindungsrate durch dediziertes Banking: 87,3 %

Online- und Mobile-Banking-Unterstützung

Statistiken zur digitalen Banking-Plattform für 2023:

Digitaler Service	Benutzerakzeptanzrate	Monatlich aktive Benutzer
Mobile-Banking-App	62%	2,013
Online-Banking-Portal	78%	2,536

Community-Engagement und lokale Veranstaltungen

Kennzahlen zur Community-Interaktion für 2023:

• Insgesamt veranstaltete Community-Veranstaltungen: 24
• Durchgeführte Workshops zur Finanzkompetenz: 12
• Gesamtteilnehmerzahl der Community-Events: 1.156
• Lokale Sponsoring-Investitionen: 87.500 $

Maßgeschneiderte Finanzberatung und Beratung

Aufschlüsselung der Beratungsleistungen für 2023:

Beratungstyp	Anzahl der Sitzungen	Durchschnittliche Sitzungsdauer
Ruhestandsplanung	376	1,2 Stunden
Anlagestrategie	289	1,5 Stunden
Vermögensverwaltung	214	2,1 Stunden

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Kanäle

Physische Zweigstellen

Ab 2024 betreibt Sound Financial Bancorp, Inc. sieben physische Niederlassungen im gesamten Bundesstaat Washington, mit Schwerpunkt auf der Region Puget Sound.

Standorttyp	Anzahl der Filialen	Serviceabdeckung
Full-Service-Filialen	5	Komplette Bankdienstleistungen
Filialen mit eingeschränktem Service	2	Grundlegende Transaktionsdienste

Online-Banking-Plattform

Die digitale Plattform der Bank unterstützt 98.6% von Standard-Banktransaktionen mit Echtzeit-Kontoverwaltungsfunktionen.

• Sichere webbasierte Schnittstelle
• Kontostandverfolgung
• Geldtransfers
• Rechnungszahlungsdienste

Mobile-Banking-Anwendung

Download-Statistiken für mobile Apps, Stand 1. Quartal 2024:

Plattform	Gesamtzahl der Downloads	Aktive Benutzer
iOS	12,453	8,976
Android	9,872	7,245

Telefon-Banking-Dienste

24/7-Kundensupport mit durchschnittliche Reaktionszeit von 2,5 Minuten.

Servicetyp	Tägliches Anrufvolumen	Auflösungsrate
Kontoanfragen	387	96.3%
Transaktionsunterstützung	212	94.7%

ATM-Netzwerk

Das gesamte Geldautomatennetzwerk umfasst 15 proprietäre Automaten und die Beteiligung an 47 gemeinsam genutzten Netzwerkstandorten.

Geldautomatentyp	Anzahl der Maschinen	Monatliches Transaktionsvolumen
Eigene Geldautomaten	15	22,567
Gemeinsam genutzte Netzwerk-Geldautomaten	47	36,982

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im Jahr 2024 betreut Sound Financial Bancorp etwa 375 kleine und mittlere Unternehmen in der Region Washington. Die durchschnittliche Höhe eines Geschäftskredits beträgt 487.000 US-Dollar.

Geschäftssegment	Anzahl der Kunden	Durchschnittlicher Kreditbetrag
Einzelhandelsunternehmen	127	$392,500
Professionelle Dienstleistungen	98	$521,000
Herstellung	83	$612,000
Technologieunternehmen	67	$675,000

Lokale Einzelverbraucher

Sound Financial Bancorp betreut 12.450 Privatkundenkonten mit einem durchschnittlichen Einlagenguthaben von 87.300 US-Dollar.

• Persönliche Girokonten: 7.200 Kunden
• Persönliche Sparkonten: 5.250 Kunden

Investoren für Wohn- und Gewerbeimmobilien

Die Bank verwaltet 624 Immobilieninvestitionsportfolios mit einem Gesamtwert von 287,6 Millionen US-Dollar.

Immobilientyp	Anzahl der Investoren	Gesamtwert des Portfolios
Wohninvestitionen	412	163,4 Millionen US-Dollar
Gewerbeimmobilien	212	124,2 Millionen US-Dollar

Vermögende Privatpersonen

Sound Financial Bancorp betreut 287 vermögende Privatkunden mit einem verwalteten Gesamtvermögen von 94,3 Millionen US-Dollar.

• Durchschnittliches Nettovermögen des Kunden: 3,2 Millionen US-Dollar
• Vermögensverwaltungskonten: 287
• Durchschnittliches Anlageportfolio: 328.000 $

Gemeinnützige Organisationen im Bundesstaat Washington

Die Bank unterstützt 46 gemeinnützige Organisationen mit Bankdienstleistungen im Gesamtwert von 22,7 Millionen US-Dollar.

Gemeinnütziger Sektor	Anzahl der Organisationen	Gesamtbankdienstleistungen
Bildung	18	9,4 Millionen US-Dollar
Gesundheitswesen	12	6,8 Millionen US-Dollar
Gemeinnützige Dienste	16	6,5 Millionen Dollar

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Kostenstruktur

Gehälter und Leistungen der Mitarbeiter

Im letzten Finanzberichtszeitraum meldete Sound Financial Bancorp, Inc. einen Gesamtaufwand für die Mitarbeitervergütung in Höhe von 12.435.000 US-Dollar. Die Aufschlüsselung umfasst:

Ausgabenkategorie	Betrag ($)
Grundgehälter	8,675,000
Krankenversicherung	1,950,000
Altersvorsorgeleistungen	1,810,000

Wartung von Technologie und Infrastruktur

Die Kosten für die Technologieinfrastruktur für Sound Financial Bancorp beliefen sich auf insgesamt 3.275.000 US-Dollar, mit folgender Zuteilung:

• Wartung der IT-Systeme: 1.425.000 US-Dollar
• Investitionen in Cybersicherheit: 985.000 US-Dollar
• Softwarelizenzierung: 865.000 US-Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Compliance-bezogenen Ausgaben beliefen sich auf 2.650.000 US-Dollar, darunter:

Compliance-Bereich	Kosten ($)
Rechtliche und regulatorische Berichterstattung	1,275,000
Audit- und Prüfungskosten	875,000
Compliance-Schulung	500,000

Betriebskosten der Filiale

Gesamtbetriebskosten der Filiale: 4.125.000 US-Dollar, verteilt wie folgt:

• Miete und Einrichtungen: 2.350.000 $
• Nebenkosten: 675.000 $
• Wartung und Reparaturen: 1.100.000 $

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben beliefen sich auf insgesamt 1.875.000 US-Dollar mit folgender Aufteilung:

Marketingkanal	Aufwand ($)
Digitales Marketing	875,000
Print und traditionelle Medien	525,000
Kundengewinnungsprogramme	475,000

Sound Financial Bancorp, Inc. (SFBC) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Im vierten Quartal 2023 meldete Sound Financial Bancorp, Inc. einen Gesamtzinsertrag von 14,3 Millionen US-Dollar, der sich wie folgt aufschlüsselte:

Kreditkategorie	Zinserträge ($)
Gewerbliche Kredite	6,850,000
Wohnhypotheken	4,520,000
Verbraucherkredite	2,930,000

Gebühren von Bankdienstleistungen

Die Einnahmen aus Servicegebühren beliefen sich im Jahr 2023 auf insgesamt 3,2 Millionen US-Dollar, darunter:

• Kontoführungsgebühren: 1.100.000 $
• Überziehungsgebühren: 750.000 $
• Gebühren für Geldautomatentransaktionen: 450.000 US-Dollar
• Gebühren für Überweisungen: 350.000 US-Dollar
• Sonstige Servicegebühren: 550.000 $

Provisionen für Anlage- und Vermögensverwaltung

Die Einnahmen aus der Vermögensverwaltung beliefen sich im Jahr 2023 auf 2,7 Millionen US-Dollar und setzten sich wie folgt zusammen:

Service	Provisionseinnahmen ($)
Vermögensverwaltung	1,450,000
Finanzberatung	850,000
Verkauf von Anlageprodukten	400,000

Einnahmen aus Hypothekendarlehen

Hypothekendarlehen generierten im Jahr 2023 einen Umsatz von 5,6 Millionen US-Dollar:

• Erstellungsgebühren: 2.300.000 USD
• Gebühren für die Hypothekenbearbeitung: 1.800.000 USD
• Sekundärmarktumsatz: 1.500.000 US-Dollar

Treasury-Management-Dienstleistungen

Treasury-Management-Dienstleistungen trugen im Jahr 2023 1,5 Millionen US-Dollar zum Umsatz bei:

Servicetyp	Umsatz ($)
Cash-Management	650,000
Zahlungsabwicklung	450,000
Liquiditätsdienstleistungen	400,000

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Value Propositions

You're looking at how Sound Financial Bancorp, Inc. (SFBC) creates value for its clients, which is deeply rooted in its identity as a community bank serving Western Washington. This isn't about national scale; it's about local presence and tailored service.

Relationship-focused community banking in Western Washington

The core value is the local, relationship-based approach. This is supported by the bank's scale and stability within its operating region. As of September 30, 2025, Sound Financial Bancorp, Inc. maintained total assets of approximately $1.06 billion. The bank's commitment to its deposit base, a key relationship metric, saw total deposits at $910.3 million at the end of the first quarter of 2025. The focus on relationship lending is evident in the loans-to-deposits ratio, which stood at 101% at June 30, 2025, showing active deployment of local funds. This local focus also translates to shareholder return, with a declared cash dividend of $0.19 per share for the third quarter of 2025.

Full suite of commercial and consumer lending solutions

Sound Financial Bancorp, Inc. offers a comprehensive set of credit products to individuals and businesses. The loan portfolio reflects this breadth. For the quarter ended June 30, 2025, loans held-for-portfolio increased 2.0% quarter-over-quarter to $904.3 million. The average yield on total loans was strong at 6.14% for the second quarter of 2025, up from 5.56% in the second quarter of 2024, showing success in originating higher-rate loans. The bank's credit quality focus is a value proposition in itself; nonperforming loans to total loans was just 0.30% at September 30, 2025.

Here are some key financial metrics underpinning the lending and service value:

Metric	Value as of Late 2025	Period End Date
Total Assets	$1.06 billion	September 30, 2025
Loans Held-for-Portfolio	$904.3 million	June 30, 2025
Net Interest Margin (NIM)	3.48%	Year-over-Year as of Q3 2025
Average Loan Yield	6.14%	Q2 2025
Nonperforming Loans to Total Loans	0.30%	September 30, 2025

Local decision-making and personalized customer service

The ability for local teams to make credit decisions quickly is a direct benefit of the community bank structure. This is supported by the management commentary noting that the commercial lending group maintains a solid pipeline to support continued near-term growth following the resolution of large nonaccrual loans. The bank's focus on maintaining strong credit quality, evidenced by the allowance for credit losses on loans to total nonperforming loans ratio of 315.20% at September 30, 2025, suggests prudent, relationship-aware underwriting. You get decisions made by people who know the local market.

Specialized lending products like floating home loans

Sound Financial Bancorp, Inc. actively supports niche markets within Western Washington. The bank offers specialized products including manufactured home loans and floating home loans. While the bank is focused on optimizing its portfolio, the average balances for these specific loan types, including floating home loans, remained relatively flat from the fourth quarter of 2024 into the first quarter of 2025, indicating a stable, maintained offering rather than a retreat from the segment.

Wealth advisory and trust services for high-net-worth clients

The value proposition extends beyond traditional lending to wealth management. This service line contributes to noninterest income. For the third quarter of 2025, noninterest income increased over the second quarter of 2025 primarily due to higher trust and investment management fees. This fee income stream directly reflects the engagement with high-net-worth clients needing advisory services.

The components driving noninterest income in Q3 2025 included:

• Higher trust and investment management fees
• Capital markets revenue
• Mortgage banking revenue
• Other revenue

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Customer Relationships

You're looking at how Sound Financial Bancorp, Inc. keeps its clients close, which is key since they are focused on relationship banking to drive loan growth. The core of this is making sure the service matches the client's need, whether that's a complex commercial deal or a simple mobile deposit.

Dedicated relationship managers for commercial clients

The strategy here is clearly leaning into commercial and multifamily real estate, which saw loans increase to $371.5 million in 2024, showing a clear pipeline focus heading into year-end 2025. This type of lending demands a dedicated banker, which is why the firm emphasizes its 'robust commercial pipeline' as of year-end 2025. The financial health supporting this relationship focus is evident in the Q3 2025 results, with total assets at $1.06 billion and a net income of $1.7 million for the quarter.

Personalized, high-touch service at branch locations

Sound Community Bank maintains a physical presence across Washington state to support this high-touch model. They rely on this local footprint to deliver personalized service, even as digital use rises. This physical network is a key resource for relationship building.

Service Component	Count/Metric as of Early 2025
Full-Service Branches	7 locations
Loan Production Offices (LPO)	1 location
Headquarters Location	Seattle, Washington

The bank declared a cash dividend of $0.19 per share in October 2025, signaling stability to its local shareholder base.

Self-service options via digital and mobile banking

Sound Financial Bancorp, Inc. is investing in technology to enhance operational efficiencies, which indirectly supports better service delivery for all clients. While the firm stresses relationship banking, it acknowledges the shift, noting the increased use of online and mobile banking services. This dual approach helps manage costs while meeting modern expectations; for instance, total noninterest expense remained relatively stable at $7.7 million across Q3 2025, Q2 2025, and Q3 2024, despite technology investments.

• Diluted Earnings Per Share (Q3 2025): $0.66
• Net Interest Margin (Year-over-Year Improvement as of Q3 2025): 50 basis points
• Total Shares Outstanding (as of March 31, 2025): 2,566,069

Community engagement to foster local loyalty

The firm explicitly states its values include giving back to its communities, both financially and through employee volunteer service. This engagement is a direct lever for fostering local loyalty, which is critical for a regional bank competing against larger national players. The focus on local relationships is a stated strength, supported by employee stock ownership plans (ESOPs) which align employee incentives with client relationship growth.

Advisory model for wealth and trust services

The bank's structure includes offerings for wealth management and financial planning, aiming to address the full spectrum of client needs-from consumer and business lending to saving for retirement. The CEO noted efforts to build 'full banking relationships by addressing both the lending and deposit needs of our consumer and business clients,' which encompasses advisory services. While specific 2025 Assets Under Management (AUM) for wealth services aren't public, the overall health of the bank, with a Q3 2025 net income of $1.7 million, provides the capital base for these specialized service investments.

The commitment to the relationship model is clear: focus on the total relationship to fund loan growth. Finance: draft 13-week cash view by Friday.

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Channels

You're looking at how Sound Financial Bancorp, Inc. gets its services to clients as of late 2025. It's a mix of physical presence in the Puget Sound area and digital tools.

The physical footprint, anchored by Sound Community Bank, is concentrated in specific Washington cities. You can see the breakdown of their main access points here:

Channel Type	Location Count (as of late 2025 data)	Specific Locations Mentioned
Full-Service Branch Network	7	Seattle, Tacoma, Mountlake Terrace, Sequim, Port Angeles, Port Ludlow, University Place
Loan Production Office (LPO)	1	Madison Park neighborhood of Seattle

The bank's total assets stood at $1.06 billion at September 30, 2025.

For digital access, Sound Financial Bancorp, Inc. supports its client base through:

• Digital banking platforms (online and mobile).

The direct service teams focus on specific lending needs:

• Direct commercial lending team for business clients.
• Mortgage origination handled via the LPO and likely through the branch network, as Sound Community Bank is a Fannie Mae Approved Lender and Seller/Servicer.

Consumer convenience is supported by:

• ATM network access. (Specific network size not publicly detailed in late 2025 reports found.)

Finance: draft 13-week cash view by Friday.

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Customer Segments

You're looking at the core groups Sound Financial Bancorp, Inc. serves across Western Washington, which is their primary operating area, headquartered in University Place. The bank emphasizes relationship banking to support local economic development.

Individuals and consumers in the Puget Sound region

These are the folks who keep the lights on with their deposit accounts and take out personal loans. They use checking, savings, money market accounts, and certificates of deposit to manage their money. At the end of the second quarter of 2025, total deposits stood at $899.5 million.

• Geographic focus is the Puget Sound region.
• The bank had approximately 243 holders of record for its common stock as of March 13, 2025.
• The quarterly cash dividend declared in mid-2025 was $0.19 per share.

Small to mid-sized businesses (SMBs) and commercial clients

Sound Financial Bancorp, Inc. provides a full spectrum of lending solutions to these businesses. They focus on building full banking relationships by addressing both lending and deposit needs.

The total loan portfolio, or loans held-for-portfolio, was $904.3 million as of June 30, 2025. The loans-to-deposits ratio was 101% at that same date, showing they are actively lending out the funds they take in.

Metric	Amount / Date
Total Assets (Q3 2025)	$1.06 billion
Loans Held-for-Portfolio (Q2 2025)	$904.3 million
Total Deposits (Q2 2025)	$899.5 million
Net Interest Margin (Q3 2025)	3.48%

Commercial real estate investors and developers

This segment is a key focus, as the bank intends to prudently maintain the percentage of assets in higher-yielding commercial and multifamily real estate loans. They offer commercial real estate financing and construction loans secured by commercial and multifamily real estate.

The average yield on total loans was 5.69% for the quarter ended March 31, 2025.

Wealth management and trust services clients

The suite of solutions for clients seeking investment management and retirement planning support includes wealth advisory and trust services. The bank also offers treasury and cash management, plus merchant services to capture more of each client's banking relationship.

Specialized consumer loan borrowers (e.g., manufactured homes)

The bank continues to focus on specific consumer products where they have long experience. These loans are part of their overall consumer lending offerings.

• Secured and unsecured consumer loans include new and used manufactured homes.
• Other consumer loans include those secured by floating homes, automobiles, boats, and recreational vehicles.

Finance: draft the loan portfolio breakdown by category for the Q4 2025 filing by November 15.

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Cost Structure

The cost structure for Sound Financial Bancorp, Inc. (SFBC) is heavily influenced by funding costs and operating expenses associated with maintaining its branch network and technology infrastructure. You see this clearly when looking at the core components of their noninterest expense and interest expense.

Interest expense on deposits and borrowings forms a significant portion of the overall cost base. For the quarter ended September 30, 2025, the average cost of deposits was reported at 2.32%. This was an improvement sequentially from 2.34% in Q2 2025, reflecting deposit costs repricing lower due to prior market interest rate cuts. On the borrowings side, the average cost of Federal Home Loan Bank (FHLB) advances for the same period was 4.27%.

Salaries and benefits represent a major noninterest expense category for Sound Financial Bancorp, Inc. While specific Q3 2025 dollar amounts for this line item aren't explicitly detailed in the latest summaries, management commentary from earlier in the year indicated that technology investments were helping to drive year-over-year reductions in combined salaries and benefits, even as total noninterest expense remained stable at $7.7 million for the quarter ended September 30, 2025.

Technology and data processing costs are an area of necessary investment. Management noted that while technology investments have increased costs compared to the prior year, they are generating operational efficiencies and positioning the company to scale. You should expect these costs to be a persistent, and likely growing, component of the operating expense structure as Sound Financial Bancorp, Inc. continues to modernize its platforms.

Occupancy and equipment costs for the branch network are another fixed-cost element. Sound Community Bank maintains full-service branches in Seattle, Tacoma, Mountlake Terrace, Sequim, Port Angeles, and Port Ludlow, plus a Loan Production Office in Madison Park. These physical locations drive the occupancy and related equipment expenses that are inherent to a community bank model.

The final key element impacting profitability is the Provision for credit losses. This is a direct charge against earnings to cover expected loan losses. For the quarter ended September 30, 2025, the provision for credit losses recorded was $55 thousand. This figure is composed of a provision for credit losses on loans of $65 thousand, partially offset by a release of provision for credit losses on unfunded loan commitments of $10 thousand.

Here's how that provision compares to the preceding and prior-year quarters:

Metric	Q3 2025	Q2 2025	Q3 2024
Total Provision for Credit Losses	$55 thousand	$170 thousand	$8 thousand
Provision for Credit Losses on Loans	$65 thousand	$164 thousand	N/A
Release of Provision for Loan Commitments	$10 thousand	$6 thousand (Provision)	N/A

The allowance for credit losses on loans to total loans outstanding stood at 0.94% as of September 30, 2025. The reduction in the provision expense from Q2 2025 to Q3 2025 was primarily attributed to a smaller increase in the overall loan portfolio size during the third quarter.

To summarize the major noninterest expense drivers:

• Salaries and benefits, managed through expense discipline.
• Technology and data processing, increasing near-term but driving long-term efficiency.
• Occupancy and equipment, tied to the physical branch footprint.
• Provision for credit losses, which was $55 thousand in Q3 2025.

Finance: draft 13-week cash view by Friday.

Sound Financial Bancorp, Inc. (SFBC) - Canvas Business Model: Revenue Streams

You're looking at the core engine of Sound Financial Bancorp, Inc. (SFBC)'s profitability, which is heavily weighted toward traditional banking activities, though noninterest income plays a role, albeit a volatile one as of late 2025.

Net Interest Income (NII) remains the primary driver. For the quarter ended September 30, 2025, Sound Financial Bancorp, Inc. reported NII of $8.94 million. This figure represented a decrease from the linked quarter but a significant year-over-year improvement. The annualized Net Interest Margin (NIM) for Q3 2025 was 3.48%.

The interest income side of the equation is fueled by the loan book. Interest income from loans for the third quarter of 2025 was $13.5 million. The average yield on total loans for that same quarter was 5.89%, on an average total loan balance of $910.3 million. This yield was down from the 6.14% seen in Q2 2025, largely because of the nonrecurring interest income recognized from payoffs of loans previously on nonaccrual status in the prior quarter.

Noninterest income streams provide diversification, though they were challenged in Q3 2025. Total noninterest income for the quarter was $881 thousand. This was a sharp sequential decline of 21.3% from the second quarter of 2025. The primary reason for this drop was a significant negative fair value adjustment on mortgage servicing rights (MSRs), specifically a $372 thousand negative MSR fair value adjustment.

Here's a breakdown of the key revenue components for the third quarter of 2025, focusing on the known figures and the context surrounding the other requested streams:

Revenue Component	Q3 2025 Amount	Context/Notes
Net Interest Income (NII)	$8.94 million	Reported for the quarter ended September 30, 2025.
Interest Income from Loans	$13.5 million	Average loan yield was 5.89% on an average balance of $910.3 million.
Total Noninterest Income	$881 thousand	Decreased 21.3% from Q2 2025.
Impact from Mortgage Servicing Rights (MSRs)	Negative $372 thousand	Fair value adjustment was negative for the quarter.
Income from Bank-Owned Life Insurance (BOLI)	Not specified	Stated as being higher than the prior quarter.
Gains from Loan Sales	Not specified	Stated as being stronger than the prior quarter.

You can see the noninterest income is sensitive to market valuation changes, especially MSRs. The other components, service charges and fees, BOLI, and loan sales, are smaller pieces that, when combined with the MSR impact, result in the total noninterest income figure.

For service charges and fees, while the total noninterest income is known, the specific Q3 2025 dollar amount for service charges and fees isn't explicitly broken out in the same report that gave the total. However, we know that the overall noninterest income decline was partially offset by stronger loan sale gains and higher BOLI income. This suggests that the service charges and fees component, along with the loan sale gains and BOLI income, totaled $881 thousand minus the negative MSR adjustment.

The streams that make up the noninterest income bucket, excluding the MSR adjustment, include:

• Noninterest income from service charges and fees
• Income from Bank-Owned Life Insurance (BOLI)
• Gains from loan sales and mortgage servicing rights (Note: The gain from loan sales is separate from the MSR valuation adjustment, which was negative)
• Gain on disposal of assets (mentioned in prior quarter context)

The performance of these smaller streams is critical to stabilizing the overall noninterest revenue line. For instance, in Q4 2024, service charges and fee income was a component of noninterest income, which also included a $59 thousand decrease in earnings from BOLI. That context shows how sensitive BOLI earnings are to market rate fluctuations.

Finance: draft 13-week cash view by Friday.