Sound Financial Bancorp, Inc. (SFBC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de Sound Financial Bancorp, Inc. (SFBC), una potencia bancaria regional dinámica que transforma los servicios financieros tradicionales a través de enfoques innovadores. Este lienzo de modelo de negocio integral revela cómo SFBC navega estratégicamente por el complejo panorama bancario, aprovechando la experiencia local, la infraestructura digital de vanguardia y las relaciones personalizadas de los clientes para ofrecer soluciones financieras excepcionales en los diversos segmentos del mercado del estado de Washington.

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocios: asociaciones clave

Bancos comunitarios locales y cooperativas de crédito

A partir de 2024, Sound Financial Bancorp mantiene asociaciones estratégicas con instituciones financieras locales en la región del noroeste del Pacífico.

Tipo de socio	Número de asociaciones	Cobertura geográfica
Bancos comunitarios	7	Estado de Washington
Coeficientes de crédito	12	Western Washington

Proveedores de servicios financieros regionales

Sound Financial Bancorp colabora con proveedores de servicios financieros regionales especializados.

• Socios de red de préstamos comerciales
• Colaboradores de servicios financieros de pequeñas empresas
• Proveedores de servicios comerciales

Proveedores de tecnología para software bancario

Socio tecnológico	Solución de software	Inversión anual
Jack Henry & Asociado	Plataforma bancaria central	$425,000
Fiserv	Soluciones de banca digital	$275,000

Socios de productos de seguros e inversión

Sound Financial Bancorp mantiene relaciones estratégicas con empresas de seguros e inversiones.

• Socios de seguros de vida: 3 proveedores regionales
• Empresas de gestión de inversiones: 5 compañías regionales de gestión de patrimonio
• Colaboradores de planificación de jubilación: 4 redes de asesoramiento financiero especializados

Consultores de cumplimiento regulatorio

Área de cumplimiento	Consultoría	Tarifas de consultoría anuales
Regulaciones bancarias	Wipfli LLP	$185,000
Cumplimiento de ciberseguridad	RSM US LLP	$145,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocio: actividades clave

Servicios de banca comercial y de consumo

A partir del cuarto trimestre de 2023, Sound Financial Bancorp, Inc. reportó activos totales de $ 623.4 millones con préstamos totales de $ 455.2 millones. El banco opera 5 sucursales de servicio completo ubicados en el estado de Washington.

Categoría de servicio bancario	Volumen total (2023)
Cartera de préstamos comerciales	$ 287.6 millones
Cartera de préstamos al consumidor	$ 167.6 millones
Originaciones totales del préstamo	$ 42.3 millones

Operaciones de depósito y préstamo

Los depósitos totales para Sound Financial Bancorp alcanzaron los $ 542.1 millones en 2023, con un margen de interés neto de 3.62%.

• Cuentas corrientes: $ 186.5 millones
• Cuentas de ahorro: $ 214.3 millones
• Cuentas del mercado monetario: $ 141.3 millones

Asesoramiento financiero y gestión de patrimonio

Los activos de gestión de patrimonio bajo administración totalizaron $ 124.6 millones en 2023.

Tipo de servicio	Ingresos generados
Servicios de asesoramiento de inversiones	$ 3.2 millones
Planificación de jubilación	$ 1.7 millones

Desarrollo de la plataforma de banca digital

Las transacciones bancarias digitales aumentaron en un 37% en 2023, con los usuarios de banca móvil que alcanzan el 68% de la base total de clientes.

• Usuarios de banca móvil: 22,400
• Usuarios bancarios en línea: 31,600
• Volumen de transacción digital: $ 214.5 millones

Gestión de riesgos y monitoreo de cumplimiento

La asignación del presupuesto de cumplimiento para 2023 fue de $ 2.4 millones, lo que representa el 1.2% de los gastos operativos totales.

Área de cumplimiento	Monitoreo de gastos
Cumplimiento regulatorio	$ 1.2 millones
Anti-lavado de dinero	$680,000
Ciberseguridad	$520,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocio: recursos clave

Red bancaria regional

Sound Financial Bancorp opera 10 ubicaciones de ramas de servicio completo exclusivamente en el estado de Washington, concentrado principalmente en la región de Sound Puget.

Ubicaciones de ramas	Concentración geográfica
Total de ramas	10
Región primaria	Puget Sound, Washington

Profesionales de gestión y financieros

A partir del informe anual de 2023, Sound Financial Bancorp mantiene 47 empleados totales.

• Equipo ejecutivo senior: 5 miembros clave de liderazgo
• Junta Directiva: 7 miembros
• Experiencia de gestión promedio: más de 15 años en la banca

Infraestructura bancaria digital

Métricas bancarias digitales	2023 datos
Usuarios bancarios en línea	8,752
Descargas de aplicaciones de banca móvil	5,413

Reservas de capital

Capital total a partir del cuarto trimestre 2023: $ 118.4 millones

Métricas de capital	Cantidad
Relación de capital de nivel 1	15.2%
Relación de capital basada en el riesgo total	16.5%

Gestión de la relación con el cliente

Base de clientes totales: 12,345 cuentas activas

• Cuentas comerciales: 3,215
• Cuentas corrientes personales: 7.856
• Cuentas de ahorro: 1,274

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocio: propuestas de valor

Servicios bancarios personalizados para comunidades locales

A partir del cuarto trimestre de 2023, Sound Financial Bancorp sirve a 12 condados locales en el estado de Washington con activos totales de $ 1.07 mil millones. El banco mantiene 8 ubicaciones de sucursales de servicio completo dirigidos a las necesidades financieras específicas de la comunidad.

Categoría de servicio	Total de clientes	Penetración del mercado
Banca personal	22,647	68% del mercado local
Banca de negocios	3,412	42% del mercado comercial regional

Tasas de interés competitivas sobre préstamos y depósitos

Tasas de interés a partir de enero de 2024:

• Cuentas de ahorro personal: 4.25% APY
• Cuentas corrientes de negocios: 3.75% APY
• Tasas hipotecarias personales: a partir del 6.85%
• Préstamos para pequeñas empresas: 7.25% - 9.50%

Soluciones financieras integrales

Categoría de productos	Número de productos	Ingresos anuales
Productos bancarios personales	17	$ 42.3 millones
Productos bancarios de negocios	12	$ 28.6 millones

Servicio al cliente receptivo y basado en relaciones

Métricas de servicio al cliente para 2023:

• Tiempo de respuesta promedio: 12 minutos
• Tasa de satisfacción del cliente: 94.2%
• Tasa de retención: 87.5%

Convenientes opciones bancarias digitales y en persona

Estadísticas de banca digital para 2023:

Servicio digital	Usuarios totales	Volumen de transacción anual
Banca móvil	18,234	2.4 millones de transacciones
Banca en línea	21,567	3.1 millones de transacciones

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocios: relaciones con los clientes

Gestión de la relación bancaria personal

A partir del cuarto trimestre de 2023, Sound Financial Bancorp, Inc. mantuvo 3,247 cuentas de banca personal activa con un valor de relación promedio de $ 87,500 por cliente.

Segmento de clientes	Número de cuentas	Saldo de cuenta promedio
Comprobación personal	1,842	$42,300
Ahorros personales	1,405	$65,700

Banqueros de relaciones dedicadas

Sound Financial emplea a 27 banqueros de relaciones dedicadas en sus regiones operativas.

• Relación promedio de cliente-banker: 120: 1
• Los banqueros de relaciones sirven a clientes con saldos de más de $ 100,000
• Tasa anual de retención de clientes a través de la banca dedicada: 87.3%

Soporte bancario en línea y móvil

Estadísticas de la plataforma de banca digital para 2023:

Servicio digital	Tasa de adopción de usuarios	Usuarios activos mensuales
Aplicación de banca móvil	62%	2,013
Portal bancario en línea	78%	2,536

Compromiso comunitario y eventos locales

Métricas de interacción comunitaria para 2023:

• Total de eventos comunitarios organizados: 24
• Talleres de educación financiera realizados: 12
• Participantes de eventos comunitarios totales: 1.156
• Inversiones de patrocinio local: $ 87,500

Asesoramiento financiero y consulta a medida

Desglose de los servicios de consulta para 2023:

Tipo de consulta	Número de sesiones	Duración de la sesión promedio
Planificación de jubilación	376	1.2 horas
Estrategia de inversión	289	1.5 horas
Gestión de patrimonio	214	2.1 horas

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocios: canales

Ubicaciones de ramas físicas

A partir de 2024, Sound Financial Bancorp, Inc. opera 7 ubicaciones de sucursales físicas en todo el estado de Washington, concentrado en la región de Puget Sound.

Tipo de ubicación	Número de ramas	Cobertura de servicio
Ramas de servicio completo	5	Servicios bancarios completos
Ramas de servicio limitadas	2	Servicios de transacción básicos

Plataforma bancaria en línea

La plataforma digital del banco admite 98.6% de transacciones bancarias estándar con capacidades de gestión de cuentas en tiempo real.

• Interfaz segura basada en la web
• Seguimiento del saldo de la cuenta
• Transferencias de fondos
• Servicios de pago de facturas

Aplicación de banca móvil

Estadísticas de descarga de aplicaciones móviles a partir del cuarto trimestre 2024:

Plataforma	Descargas totales	Usuarios activos
iOS	12,453	8,976
Androide	9,872	7,245

Servicios de banca telefónica

Atención al cliente 24/7 con Tiempo de respuesta promedio de 2.5 minutos.

Tipo de servicio	Volumen de llamadas diarias	Tasa de resolución
Consultas de cuentas	387	96.3%
Soporte de transacciones	212	94.7%

Red de cajeros automáticos

Total ATM Network comprende 15 máquinas patentadas y participación en 47 ubicaciones de red compartidas.

Tipo de cajero automático	Número de máquinas	Volumen de transacción mensual
Cajeros automáticos	15	22,567
ATM de red compartidos	47	36,982

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas

A partir de 2024, Sound Financial Bancorp sirve aproximadamente 375 empresas pequeñas a medianas en la región estatal de Washington. El tamaño promedio del préstamo comercial es de $ 487,000.

Segmento de negocios	Número de clientes	Monto promedio del préstamo
Negocios minoristas	127	$392,500
Servicios profesionales	98	$521,000
Fabricación	83	$612,000
Empresas tecnológicas	67	$675,000

Consumidores individuales locales

Sound Financial Bancorp atiende a 12,450 cuentas de consumo individuales con un saldo promedio de depósito de $ 87,300.

• Cuentas corrientes personales: 7.200 clientes
• Cuentas de ahorro personal: 5.250 clientes

Inversores inmobiliarios residenciales y comerciales

El banco administra 624 carteras de inversión inmobiliaria con un valor total de $ 287.6 millones.

Tipo inmobiliario	Número de inversores	Valor total de la cartera
Inversión residencial	412	$ 163.4 millones
Inmobiliario comercial	212	$ 124.2 millones

Individuos de alto nivel de red

Sound Financial Bancorp sirve a 287 clientes individuales de alto valor de la red con activos totales bajo una administración de $ 94.3 millones.

• Piso neto promedio del cliente: $ 3.2 millones
• Cuentas de gestión de patrimonio: 287
• Portafolio de inversión promedio: $ 328,000

Organizaciones sin fines de lucro en el estado de Washington

El banco apoya a 46 organizaciones sin fines de lucro con servicios bancarios totales valorados en $ 22.7 millones.

Sector sin fines de lucro	Número de organizaciones	Servicios bancarios totales
Educación	18	$ 9.4 millones
Cuidado de la salud	12	$ 6.8 millones
Servicios comunitarios	16	$ 6.5 millones

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocio: Estructura de costos

Salarios y beneficios de los empleados

A partir del período de información financiera más reciente, Sound Financial Bancorp, Inc. informó que los gastos totales de compensación de empleados de $ 12,435,000. El desglose incluye:

Categoría de gastos	Monto ($)
Salarios base	8,675,000
Seguro médico	1,950,000
Beneficios de jubilación	1,810,000

Mantenimiento de tecnología e infraestructura

Los costos de infraestructura tecnológica para el sano financiero Bancorp totalizaron $ 3,275,000, con la siguiente asignación:

• Mantenimiento de sistemas de TI: $ 1,425,000
• Inversiones de ciberseguridad: $ 985,000
• Licencias de software: $ 865,000

Gastos de cumplimiento regulatorio

Los gastos relacionados con el cumplimiento ascendieron a $ 2,650,000, incluyendo:

Área de cumplimiento	Costo ($)
Informes legales y regulatorios	1,275,000
Costos de auditoría y examen	875,000
Capacitación de cumplimiento	500,000

Costos de operación de sucursal

Gastos de operación total de la sucursal: $ 4,125,000, distribuido de la siguiente manera:

• Alquiler e instalaciones: $ 2,350,000
• Utilidades: $ 675,000
• Mantenimiento y reparaciones: $ 1,100,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing totalizaron $ 1,875,000, con la siguiente asignación:

Canal de marketing	Gasto ($)
Marketing digital	875,000
Impresión y medios tradicionales	525,000
Programas de adquisición de clientes	475,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

A partir del cuarto trimestre de 2023, Sound Financial Bancorp, Inc. reportó ingresos por intereses totales de $ 14.3 millones, con un desglose de la siguiente manera:

Categoría de préstamo	Ingresos de intereses ($)
Préstamos comerciales	6,850,000
Hipotecas residenciales	4,520,000
Préstamos al consumo	2,930,000

Tarifas de los servicios bancarios

Los ingresos por tarifas de servicio para 2023 totalizaron $ 3.2 millones, que incluyen:

• Tarifas de mantenimiento de la cuenta: $ 1,100,000
• Tarifas de sobregiro: $ 750,000
• Tarifas de transacción de cajeros automáticos: $ 450,000
• Tarifas de transferencia de cables: $ 350,000
• Otros cargos de servicio: $ 550,000

Comisiones de inversión y gestión de patrimonio

Los ingresos de gestión de patrimonio para 2023 fueron de $ 2.7 millones, con la siguiente composición:

Servicio	Ingresos de la Comisión ($)
Gestión de activos	1,450,000
Aviso financiero	850,000
Ventas de productos de inversión	400,000

Ingresos de préstamos hipotecarios

Los préstamos hipotecarios generaron $ 5.6 millones en ingresos para 2023:

• Tarifas de origen: $ 2,300,000
• Tarifas de servicios hipotecarios: $ 1,800,000
• Ventas del mercado secundario: $ 1,500,000

Servicios de gestión del tesoro

Tesoro Management Services contribuyó con $ 1.5 millones en ingresos para 2023:

Tipo de servicio	Ingresos ($)
Gestión de efectivo	650,000
Procesamiento de pagos	450,000
Servicios de liquidez	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.