Timberland Bancorp Inc
timberlandbank.comWhat Do They Do?
Takes deposits and makes real-estate, commercial business and consumer loans to individuals and businesses in Washington.
10-K for FY2025, filed Dec 9, 2025
How Do They Make Money?
Earns interest on loans and investments, while paying interest on deposits and borrowings. It also collects deposit-account charges and ATM and debit-card fees and earns income from loan sales, loan servicing and escrow services.
10-K for FY2025, filed Dec 9, 2025
$102.3M
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10-K for FY2025, filed Dec 9, 2025
$102.3M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service charges on deposits
|
43%
FY2022: 42%
|
Service charges on deposits, FY2025
$3.9M Sources
|
|
ATM and debit card interchange transaction fees
|
55%
FY2022: 56%
|
ATM and debit card interchange transaction fees, FY2025
$5M Sources
|
|
Escrow fees
|
1.1%
FY2022: 2.3%
|
Escrow fees, FY2025
$96K Sources
|
|
Servicing income (loss) on loans sold
|
1.5% |
Servicing income (loss) on loans sold, FY2025
$140K Sources
|
Who Are Their Customers?
Serves consumers and businesses in Washington through its branches; business customers can also use cash-management and remote-deposit products.
10-K for FY2025, filed Dec 9, 2025
Do Revenues Turn Into Profits?
Yes. It kept 29 cents of every revenue dollar as net income in FY2025 and turned 28 cents into free cash flow.
How Are They Changing?
10-Q for Q3 FY2026, filed Aug 7, 2026
Open tableView ↗
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Jan 7, 2026
Aprio replaced Delap as the company's auditor
Delap merged with Aprio, and the Audit Committee approved Aprio as successor auditor.
Sources
8-K, filed Jan 7, 2026
On January 1, 2026, Timberland Bancorp, Inc. (the “Company”) was notified that Delap LLP (“Delap”), the Company's independent registered…View ↗
Growing. Revenue grew 86% in 4 years, from $55M in FY2021 to $102.3M in FY2025, about 17% a year.
Less speculative lending
The latest report says the Bank has limited origination of speculative construction and land-development loans in favor of other loans; the older report listed both loan types in its portfolio.
10-K for FY2025, filed Dec 9, 2025 10-K for FY2022, filed Dec 9, 2022Portfolio diversification. In recent years, we have limited the origination of speculative construction loans and land development loans in…View ↗
At September 30, 2022 2021 2020 Amount Percent Amount Percent Amount Percent (Dollars in thousands) Mortgage Loans: One- to four-family (1)…View ↗
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