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Contact Information
Sound Financial Bancorp, Inc.
2400 3rd Avenue
Suite 150
Seattle, WA 98121
(206) 448-0884

Transfer Agent
Broadridge Corporate Issuer Solutions, Inc.
1717 Arch Street, Suite 1300
Philadelphia, PA 19103

Shareholder Inquiries:
1-877-830-4936
Fax: (215) 553-5402
E-mail: shareholder@broadridge.com
Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 5,421 8,379 9,312 8,199 7,223
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 50,348 53,431 51,368 46,384 41,040
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 55,770 61,810 60,680 54,582 48,264
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 9,306 4,957 5,435 6,604 6,696
Held to Maturity Securities 0 0 0 0 0
Other Securities 1,160 4,134 3,065 2,840 2,212
Total Cash & Securities 66,236 70,901 69,180 64,026 57,172
Gross Loans Held for Investment 619,887 619,543 548,595 500,001 459,469
Loan Loss Reserve 5,640 5,774 5,241 4,822 4,636
Loans Held for Sale, before Reserves 1,063 1,172 1,777 871 2,091
Total Net Loans 615,310 614,941 545,131 496,050 456,924
Real Estate Owned and Held for Investment 575 575 610 1,172 600
Goodwill 777 777 777 0 0
Core Deposit Intangibles 158 209 362 352 485
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 158 209 362 352 485
Total Intangible Assets 935 986 1,139 352 485
Loan Servicing Rights 3,239 3,414 3,426 3,561 3,249
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 3,239 3,414 3,426 3,561 3,249
Fixed Assets 14,408 7,044 7,392 5,549 5,335
Interest Receivable 2,206 2,287 1,977 1,816 1,608
Prepaid Expense NA 641 759 665 682
Bank-owned Life Insurance 14,183 13,365 12,750 12,082 11,746
Other Assets 2,761 2,581 2,880 3,110 2,959
Total Other Assets 33,558 25,918 25,758 23,222 22,330
Total Assets 719,853 716,735 645,244 588,383 540,760
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 616,718 553,601 514,400 467,731 440,024
FHLB Borrowings 7,500 84,000 59,000 54,792 40,435
Senior Debt 15,510 84,000 59,000 54,792 40,435
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 0 0 0 0 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 15,510 84,000 59,000 54,792 40,435
Total Other Liabilities 9,899 7,507 6,684 5,585 5,781
Total Liabilities 642,127 645,108 580,084 528,108 486,240
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 77,726 71,627 65,160 60,275 54,520
Equity Attributable to Parent Company 77,726 71,627 65,160 60,275 54,520
Noncontrolling Interests 0 0 0 0 0
Total Equity 77,726 71,627 65,160 60,275 54,520
Net Unrealized Gain 175 114 109 81 164
Tot Acc Other Comprehensive Inc 175 114 109 81 164
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 86.11 86.44 85.02 84.98 84.97
Loans/ Deposits 100.51 111.91 106.65 106.90 104.42
Loan Loss Reserves/ Gross Loans 0.91 0.93 0.95 0.96 1
Reserves/ Loans Held For Investment 0.91 0.93 0.96 0.96 1.01
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 391,300 378,700 412,500 423,900 369,800
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 9,306 4,957 5,435 6,257 6,268
Level 3 Assets($000) 16,207 9,827 14,739 13,316 13,666
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 0 0 0 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 125 114 116 100 105
Annualized Growth Rates (%)
Asset Growth 0.44 11.08 9.66 8.81 9.20
Gross Loans HFI Growth 0.06 12.93 9.72 8.82 6.76
Deposit Growth 11.40 7.62 9.98 6.30 7.90
Average Balances ($000)
Avg Gross Loans HFI 595,618 588,009 508,923 470,970 434,610
Avg Loans HFS 997 960 1,078 1,445 1,677
Average Loans, Gross of Reserves 599,944 589,205 508,520 474,356 437,425
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 64,386 60,628 51,747 45,613 34,601
Avg Interest Earning Assets 664,330 649,833 560,267 519,969 472,026
Avg Assets 725,693 718,227 592,090 552,432 502,189
Avg CDs 235,363 174,922 157,575 165,210 166,030
Avg Other Interest-bearing Deposits 258,220 271,157 264,726 228,206 204,557
Avg Interest-bearing Deposits 493,583 446,079 422,301 393,416 370,587
Avg Debt 24,406 69,900 29,791 36,609 24,626
Avg Interest-bearing Liabs 517,989 515,979 452,092 430,025 395,213
Avg Noninterest-bearing Deposits 232,110 NA 71,299 59,084 NA
Avg Total Deposits 725,693 538,149 493,600 452,500 419,585
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 77,427 71,287 63,004 57,397 52,604
Avg Equity 77,427 71,287 63,004 57,397 52,604
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