Sound Financial Bancorp filed its FY 2025 Form 10-K, reporting net income of USD 7.16 million, up 54.3%, and net interest income of USD 34.93 million, up 12.7%. Net interest margin was 3.45%, up 45 basis points, as loan yields rose and funding costs declined following Federal Reserve rate cuts late in 2025. Total assets were USD 1.09 billion, up 9.9%, and total deposits were USD 948.88 million, up 13.3%, driven mainly by higher money market balances tied to reciprocal deposits returning onto the balance sheet and customer shifts into higher-yielding accounts. Nonperforming assets were USD 6.13 million, down 18.2%, reflecting loan payoffs and loans returning to accrual status, partly offset by new nonaccrual loans and USD 344 thousand of new OREO. Sound said its strategic focus remains on growing higher-yielding commercial and consumer loans while increasing lower-cost core deposits and managing expenses.

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