Sound Financial Inc. (SNFL.OB) Announces First Quarter Financial Results
Yesterday, Sound Financial Inc. announced financial results for the first quarter ended March 31, 2010. Sound Financial Inc. is the holding company for Sound Community Bank. The Company reported a net profit of $57 thousand dollars for the quarter ended March 31, 2010, compared to a net loss of $462 thousand dollars in the fourth quarter of 2009. "It appears we are starting to see some signs of stabilization in the economy at large, however local unemployment levels and real estate values may continue to restrain near term economic recovery in the Puget Sound area. We remain focused on credit…