Sound Financial Bancorp, Inc. (SFBC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico da Sound Financial Bancorp, Inc. (SFBC), uma potência bancária regional dinâmica que transforma os serviços financeiros tradicionais por meio de abordagens inovadoras. Este modelo abrangente do modelo de negócios revela como o SFBC navega estrategicamente no cenário bancário complexo, alavancando a experiência local, a infraestrutura digital de ponta e os relacionamentos personalizados do cliente para fornecer soluções financeiras excepcionais nos diversos segmentos de mercado do Washington State.

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negócios: Parcerias -chave

Bancos comunitários locais e cooperativas de crédito

A partir de 2024, o SOL Financial Bancorp mantém parcerias estratégicas com instituições financeiras locais na região noroeste do Pacífico.

Tipo de parceiro	Número de parcerias	Cobertura geográfica
Bancos comunitários	7	Estado de Washington
Cooperativas de crédito	12	Oeste de Washington

Provedores de serviços financeiros regionais

O Som Financial Bancorp colabora com provedores de serviços financeiros regionais especializados.

• Parceiros de rede de empréstimos comerciais
• Colaboradores de serviços financeiros para pequenas empresas
• Provedores de serviços comerciais

Fornecedores de tecnologia para software bancário

Parceiro de tecnologia	Solução de software	Investimento anual
Jack Henry & Associados	Plataforma bancária principal	$425,000
Fiserv	Soluções bancárias digitais	$275,000

Parceiros de produtos de seguro e investimento

O Sound Financial Bancorp mantém relacionamentos estratégicos com empresas de seguros e investimentos.

• Parceiros de seguro de vida: 3 provedores regionais
• Empresas de gerenciamento de investimentos: 5 empresas regionais de gerenciamento de patrimônio
• Colaboradores de planejamento de aposentadoria: 4 redes consultivas financeiras especializadas

Consultores de conformidade regulatória

Área de conformidade	Empresa de consultoria	Taxas anuais de consultoria
Regulamentos bancários	Wipfli LLP	$185,000
Conformidade de segurança cibernética	RSM US LLP	$145,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de consumo

A partir do quarto trimestre de 2023, a Sound Financial Bancorp, Inc. registrou ativos totais de US $ 623,4 milhões com empréstimos totais de US $ 455,2 milhões. O Banco opera 5 agências de serviço completo localizadas no estado de Washington.

Categoria de serviço bancário	Volume total (2023)
Portfólio de empréstimos comerciais	US $ 287,6 milhões
Portfólio de empréstimos ao consumidor	US $ 167,6 milhões
Operações totais de empréstimos	US $ 42,3 milhões

Operações de depósito e empréstimo

O total de depósitos para o Bancorp Financial sólido atingiu US $ 542,1 milhões em 2023, com uma margem de juros líquidos de 3,62%.

• Contas de corrente: US $ 186,5 milhões
• Contas de poupança: US $ 214,3 milhões
• Contas do mercado monetário: US $ 141,3 milhões

Conselho financeiro e gestão de patrimônio

Os ativos de gerenciamento de patrimônio sob administração totalizaram US $ 124,6 milhões em 2023.

Tipo de serviço	Receita gerada
Serviços de consultoria de investimentos	US $ 3,2 milhões
Planejamento de aposentadoria	US $ 1,7 milhão

Desenvolvimento da plataforma bancária digital

As transações bancárias digitais aumentaram 37% em 2023, com os usuários bancários móveis atingindo 68% da base total de clientes.

• Usuários bancários móveis: 22.400
• Usuários bancários online: 31.600
• Volume de transação digital: US $ 214,5 milhões

Gerenciamento de riscos e monitoramento de conformidade

A alocação do orçamento de conformidade para 2023 foi de US $ 2,4 milhões, representando 1,2% do total de despesas operacionais.

Área de conformidade	Monitorando as despesas
Conformidade regulatória	US $ 1,2 milhão
Lavagem anti-dinheiro	$680,000
Segurança cibernética	$520,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negócios: Recursos -chave

Rede Bancária Regional

Som Financial Bancorp opera 10 locais de ramificação de serviço completo Exclusivamente no estado de Washington, concentrado principalmente na região de Puget Sound.

Locais da filial	Concentração geográfica
Filiais totais	10
Região primária	Puget Sound, Washington

Gerenciamento e profissionais financeiros

A partir de 2023 Relatório Anual, o SOLP Financial Bancorp mantém 47 Total de funcionários.

• Equipe executiva sênior: 5 membros principais de liderança
• Conselho de Administração: 7 membros
• Experiência de gerenciamento médio: mais de 15 anos em bancos

Infraestrutura bancária digital

Métricas bancárias digitais	2023 dados
Usuários bancários online	8,752
Downloads de aplicativos bancários móveis	5,413

Reservas de capital

Capital total a partir do quarto trimestre 2023: US $ 118,4 milhões

Métricas de capital	Quantia
Índice de capital de camada 1	15.2%
Índice total de capital baseado em risco	16.5%

Gerenciamento de relacionamento com o cliente

Base total de clientes: 12.345 contas ativas

• Contas de negócios: 3.215
• Contas de corrente pessoal: 7.856
• Contas de poupança: 1.274

Sound Financial Bancorp, Inc. (SFBC) - Modelo de Negócios: Proposições de Valor

Serviços bancários personalizados para comunidades locais

A partir do quarto trimestre de 2023, o Sound Financial Bancorp atende 12 condados locais do estado de Washington com ativos totais de US $ 1,07 bilhão. O banco mantém 8 locais de agências de serviço completo, direcionando as necessidades financeiras específicas da comunidade.

Categoria de serviço	Total de clientes	Penetração de mercado
Bancos pessoais	22,647	68% do mercado local
Banking de negócios	3,412	42% do mercado de negócios regionais

Taxas de juros competitivas em empréstimos e depósitos

Taxas de juros em janeiro de 2024:

• Contas de poupança pessoal: 4,25% APY
• Contas de corrente de negócios: 3,75% APY
• Taxas de hipoteca pessoal: a partir de 6,85%
• Empréstimos para pequenas empresas: 7,25% - 9,50%

Soluções financeiras abrangentes

Categoria de produto	Número de produtos	Receita anual
Produtos bancários pessoais	17	US $ 42,3 milhões
Produtos bancários de negócios	12	US $ 28,6 milhões

Atendimento ao cliente responsivo e orientado por relacionamento

Métricas de atendimento ao cliente para 2023:

• Tempo médio de resposta: 12 minutos
• Taxa de satisfação do cliente: 94,2%
• Taxa de retenção: 87,5%

Opções bancárias digitais e pessoais convenientes

Estatísticas bancárias digitais para 2023:

Serviço digital	Usuários totais	Volume anual de transações
Mobile Banking	18,234	2,4 milhões de transações
Bancos online	21,567	3,1 milhões de transações

Sound Financial Bancorp, Inc. (SFBC) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento bancário pessoal

A partir do quarto trimestre 2023, a Sound Financial Bancorp, Inc. manteve 3.247 contas bancárias pessoais ativas com um valor médio de relacionamento de US $ 87.500 por cliente.

Segmento de clientes	Número de contas	Saldo médio da conta
Verificação pessoal	1,842	$42,300
Economia pessoal	1,405	$65,700

Banqueiros de relacionamento dedicados

A Sound Financial emprega 27 banqueiros de relacionamento dedicados em suas regiões operacionais.

• Razão média do cliente para o banker: 120: 1
• Os banqueiros de relacionamento atendem a clientes com saldos acima de US $ 100.000
• Taxa anual de retenção de clientes por meio do banco dedicado: 87,3%

Suporte bancário online e móvel

Estatísticas da plataforma bancária digital para 2023:

Serviço digital	Taxa de adoção do usuário	Usuários ativos mensais
Aplicativo bancário móvel	62%	2,013
Portal bancário online	78%	2,536

Engajamento da comunidade e eventos locais

Métricas de interação comunitária para 2023:

• Total de eventos comunitários hospedados: 24
• Oficinas de alfabetização financeira realizadas: 12
• TOTAL DE EVENTOS COMUNITÁRIOS PARTICIPANTES: 1.156
• Investimentos de patrocínio local: US $ 87.500

Conselhos financeiros e consultas personalizadas

Aparência dos Serviços de Consulta para 2023:

Tipo de consulta	Número de sessões	Duração média da sessão
Planejamento de aposentadoria	376	1,2 horas
Estratégia de investimento	289	1,5 horas
Gestão de patrimônio	214	2,1 horas

Sound Financial Bancorp, Inc. (SFBC) - Modelo de Negócios: Canais

Locais de ramificação física

A partir de 2024, a Sound Financial Bancorp, Inc. opera 7 locais de filiais físicas em Washington State, concentradas na região de Puget Sound.

Tipo de localização	Número de ramificações	Cobertura de serviço
Ramificações de serviço completo	5	Serviços bancários completos
Filiais de serviço limitado	2	Serviços básicos de transação

Plataforma bancária online

A plataforma digital do banco suporta 98.6% de transações bancárias padrão com recursos de gerenciamento de contas em tempo real.

• Interface segura baseada na Web
• Rastreamento do saldo da conta
• Transferências de fundos
• Serviços de pagamento da conta

Aplicativo bancário móvel

Mobile App Download Statistics a partir do primeiro trimestre 2024:

Plataforma	Downloads totais	Usuários ativos
iOS	12,453	8,976
Android	9,872	7,245

Serviços bancários telefônicos

Suporte ao cliente 24 horas por dia, 7 dias por semana com Tempo médio de resposta de 2,5 minutos.

Tipo de serviço	Volume diário de chamada	Taxa de resolução
Consultas de conta	387	96.3%
Suporte à transação	212	94.7%

Rede ATM

A rede ATM total compreende 15 máquinas proprietárias e a participação em 47 locais de rede compartilhados.

Tipo de atm	Número de máquinas	Volume mensal de transação
Caixas eletrônicos proprietários	15	22,567
Caixas eletrônicos de rede compartilhada	47	36,982

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

Pequenas e médias empresas

A partir de 2024, o Sound Financial Bancorp atende a aproximadamente 375 empresas pequenas e médias na região do estado de Washington. O tamanho médio do empréstimo comercial é de US $ 487.000.

Segmento de negócios	Número de clientes	Valor médio do empréstimo
Negócios de varejo	127	$392,500
Serviços profissionais	98	$521,000
Fabricação	83	$612,000
Empresas de tecnologia	67	$675,000

Consumidores individuais locais

O Som Financial Bancorp atende 12.450 contas de consumo individuais com um saldo médio de depósito de US $ 87.300.

• Contas de corrente pessoal: 7.200 clientes
• Contas de poupança pessoal: 5.250 clientes

Investidores imobiliários residenciais e comerciais

O Banco gerencia 624 portfólios de investimento imobiliário com um valor total de US $ 287,6 milhões.

Tipo de imóvel	Número de investidores	Valor total do portfólio
Investimento residencial	412	US $ 163,4 milhões
Imóveis comerciais	212	US $ 124,2 milhões

Indivíduos de alta rede

O Sound Financial Bancorp atende a 287 clientes individuais de alta rede com ativos totais sob gerenciamento de US $ 94,3 milhões.

• Patrimônio líquido médio do cliente: US $ 3,2 milhões
• Contas de gestão de patrimônio: 287
• Portfólio de investimento médio: US $ 328.000

Organizações sem fins lucrativos no estado de Washington

O Banco suporta 46 organizações sem fins lucrativos com o total de serviços bancários, avaliados em US $ 22,7 milhões.

Setor sem fins lucrativos	Número de organizações	Total de serviços bancários
Educação	18	US $ 9,4 milhões
Assistência médica	12	US $ 6,8 milhões
Serviços comunitários	16	US $ 6,5 milhões

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negócios: estrutura de custos

Salários e benefícios dos funcionários

No período mais recente de relatórios financeiros, a Sound Financial Bancorp, Inc. registrou despesas totais de remuneração de funcionários de US $ 12.435.000. O colapso inclui:

Categoria de despesa	Valor ($)
Salários da base	8,675,000
Seguro de saúde	1,950,000
Benefícios de aposentadoria	1,810,000

Manutenção de tecnologia e infraestrutura

Os custos de infraestrutura de tecnologia para o Bancorp Financial sólidos totalizaram US $ 3.275.000, com a seguinte alocação:

• Manutenção de sistemas de TI: US $ 1.425.000
• Investimentos de segurança cibernética: US $ 985.000
• Licenciamento de software: US $ 865.000

Despesas de conformidade regulatória

Os gastos relacionados à conformidade totalizaram US $ 2.650.000, incluindo:

Área de conformidade	Custo ($)
Relatórios legais e regulatórios	1,275,000
Custos de auditoria e exame	875,000
Treinamento de conformidade	500,000

Custos de operação da filial

Despesas totais de operação de ramificação: US $ 4.125.000, distribuídos da seguinte forma:

• Aluguel e instalações: US $ 2.350.000
• Utilitários: US $ 675.000
• Manutenção e reparos: US $ 1.100.000

Despesas de marketing e aquisição de clientes

As despesas de marketing totalizaram US $ 1.875.000, com a seguinte alocação:

Canal de marketing	Despesa ($)
Marketing digital	875,000
Mídia impressa e tradicional	525,000
Programas de aquisição de clientes	475,000

Sound Financial Bancorp, Inc. (SFBC) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

A partir do quarto trimestre de 2023, a Sound Financial Bancorp, Inc. reportou receita total de juros de US $ 14,3 milhões, com um colapso da seguinte forma:

Categoria de empréstimo	Receita de juros ($)
Empréstimos comerciais	6,850,000
Hipotecas residenciais	4,520,000
Empréstimos ao consumidor	2,930,000

Taxas de serviços bancários

A receita da taxa de serviço para 2023 totalizou US $ 3,2 milhões, incluindo:

• Taxas de manutenção de conta: US $ 1.100.000
• Taxas de cheque especial: US $ 750.000
• Taxas de transação ATM: US $ 450.000
• Taxas de transferência de fio: US $ 350.000
• Outros cobranças de serviço: US $ 550.000

Comissões de investimento e gerenciamento de patrimônio

A receita de gestão de patrimônio para 2023 foi de US $ 2,7 milhões, com a seguinte composição:

Serviço	Receita da Comissão ($)
Gestão de ativos	1,450,000
Aviso financeiro	850,000
Vendas de produtos de investimento	400,000

Receita de empréstimos hipotecários

Empréstimos hipotecários geraram US $ 5,6 milhões em receita para 2023:

• Taxas de originação: US $ 2.300.000
• Taxas de manutenção de hipotecas: US $ 1.800.000
• Vendas secundárias no mercado: US $ 1.500.000

Serviços de Gerenciamento do Tesouro

Os Serviços de Gerenciamento do Tesouro contribuíram com US $ 1,5 milhão em receita para 2023:

Tipo de serviço	Receita ($)
Gerenciamento de caixa	650,000
Processamento de pagamento	450,000
Serviços 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.