Timberland Bancorp Inc

timberlandbank.com

Timberland Bancorp Inc (NASDAQ: TSBK) is a community bank holding company that operates through its subsidiary bank, offering savings products and real estate secured lending to retail and business customers. The company earns money primarily through net interest income, the spread between interest earned on loans and investments and interest paid on deposits and borrowings. As of September 30, 2025, total deposits were $1.72 billion and average interest-earning assets for FY2025 were $1.87 billion, generating $102.3 million in total interest and dividend income at a 5.48% yield. The Bank concentrates lending on real estate secured loans, including one- to four-family residential, multi-family, commercial real estate, and residential construction loans, supplemented by commercial business and consumer loans. Non-interest income sources include service charges on deposit accounts, ATM and debit card interchange fees, gain on sales of loans, BOLI cash surrender value, servicing income, and escrow fees. The company is subject to Washington State business and occupation tax at 1.8% of gross receipts as of September 30, 2025, and employs 271 full-time and 9 part-time employees as of that date.