Timberland Bancorp(NASDAQ) TSBK

Timberland Bancorp, Inc. helps people and businesses in Washington manage money. The bank lets customers save through accounts and borrow for homes. It provides local banking services across six counties in the state.

Banking and Borrowing Basics

• Real Estate Loans: Mortgages for commercial and residential properties including multi-family and retail buildings.
• Construction Financing: Funding for building projects like custom homes and speculative residential or commercial developments.
• Deposit Services: Savings and checking accounts for retail and business customers funded primarily by local core deposits.
• Business Loans: Commercial credit for local enterprises and agricultural businesses operating in the Pacific Northwest.

Expanding the Local Reach

• Opened the University Place branch in Jan. 2026 to extend the physical office network.
• Extended operating leases for the Downtown Lacey branch and the Puyallup credit administration office.
• Increased loan originations by 31.80% for the nine months ended June 30, 2026.
• Purchased $15 million in additional bank owned life insurance policies during the nine months ended June 30, 2026.

Standing Tall in Washington

Timberland focuses on community-oriented banking with a physical presence through 24 offices across western Washington. The bank maintains a high ratio of core deposits to total funding and operates as a well-capitalized institution under regulatory standards.

Key Financial Figures

• Net income rose 8.7% to $7.72 million for the quarter ended June 30, 2026.
• Total assets increased 2.4% to $2.06 billion at June 30, 2026, compared to Sept. 30, 2025.
• Non-performing assets grew 88.8% to $8.81 million at June 30, 2026, from $4.66 million at Sept. 30, 2025.
• Net interest margin was 3.84% for the nine months ended June 30, 2026, up from 3.74% year over year.

Bottom Line

Timberland has grown from its 1915 roots into a regional financial institution focused on real estate lending in the Pacific Northwest. Its steady expansion of physical branches and loan portfolios reflects a disciplined approach to community banking.