SFBC: net income $2.5M. SFBC margin expands 7bp to 22.7%; nonperforming loans rise to 0.90% as construction book grows 52%

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 12, 2025 · ~2 min read

Key Changes

• high

  Nonperforming loans climbed to 0.90% of total loans from 0.37% a year earlier, driven by $2.7M placed on nonaccrual (multifamily, residential, home equity). Management cites borrower-specific issues and adequate collateral coverage.

  MD&A: Asset Quality verify on EDGAR →
• high

  Construction and land loans surged $25.9M (51.5%) on new project originations, reversing prior-year decline. Company applied new qualitative ACL adjustments for this segment citing growth and macroeconomic uncertainty.

  MD&A: Loan Portfolio verify on EDGAR →
• high

  Net interest margin improved 7 basis points to 3.74% in Q2 2026 from 3.67% in Q2 2025, driven by lower funding costs and higher average loan balances. Expansion pace slowed from prior year's 75bp gain.

  MD&A: Net Interest Income verify on EDGAR →