Timberland Bank in Hoquiam, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Timberland Bank in Hoquiam, Washington (WA)
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Timberland Bank - Overview

  • General
  • FDIC Certificate #: 28453
    Status: Active
    Federal Reserve ID: 294779
    Bank Holding Company (Regulatory Top Holder): Timberland Bancorp, Inc. (RSSDID: 2621548, Location: Hoquiam, WA)
    Date Established: January 01, 1915
    WWW: http://www.timberlandbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 22 (Domestic: 22, Interstate: No)
    OTS Docket #: 1625
    FDIC's unique #: 41287
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 30, 1935
    Last Structure Change Effective Date: June 11, 2008
    Last Structure Change Process Date: July 15, 2008
    Last Data Update: July 15, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 624 Simpson Avenue, Hoquiam, WA 98550
    County: Grays Harbor
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Aberdeen, WA (#10140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $731.3 mil
    Equity capital: $81.0 mil
    Deposits held in domestic offices: $589.4 mil
    Return on assets (ROA): 0.16% ($1.2 mil)
    Quarterly return on assets: 0.72% ($5.3 mil)
    Return on Equity (ROE): 1.46% ($1.2 mil)
    Quarterly return on equity: 6.60% ($5.3 mil)
    Net income: $1.2 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 0.21% ($1,535.8 mil)
    Quarterly Pretax return on assets: 1.06% ($7,752.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 264Total employees (full-time equivalent)
  • $731,347Total assets
  • $127,333Cash and due from depository institutions
  • $114,661Interest-bearing balances
  • $10,225Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $529,042Net loans & leases
  • $11,972Loan loss allowance
  • $0Trading account assets
  • $17,353Bank premises and fixed assets
  • $7,641Other real estate owned
  • $8,179Goodwill and other intangibles
  • $731,347Life insurance assets
  • $31,574All other assets
  • $650,300Total liabilities and capital
  • $589,370Total liabilities
  • $527,997Total deposits
  • $589,370Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,701Trading liabilities
  • $0Other borrowed funds
  • $2,229Subordinated debt
  • $81,047All other liabilities
  • $81,047Total equity capital
  • $81,047Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $44,530Surplus
  • $36,516Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,480Income earned, not collected on loans
  • $0Earning assets
  • $2,388Long-term assets (5+ years)
  • $653,928Average Assets, year-to-date
  • $114,685Average Assets, quarterly
  • $730,777Volatile liabilities
  • $732,613Insider loans
  • $533,145FHLB advances
  • $726,759Loans and leases held for sale
  • $16,074Unused loan commitments
  • $16,013Tier 1 (core) risk-based capital
  • $75,967Tier 2 risk-based capital
  • $61Total risk weighted assets
  • $0Total unused commitments
  • $50,010Restructured Loans and leases
  • $1,142Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $33,187Total interest income
  • $7,785Total interest expense
  • $25,402Net interest income
  • $6,508Provision for loan and lease losses
  • $8,074Total noninterest income
  • $0Fiduciary activities
  • $3,892Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,182Additional noninterest income
  • $25,096Total noninterest expense
  • $12,665Salaries and employee benefits
  • $2,709Premises and equipment expense
  • $9,722Additional noninterest expense
  • $1,872Pre-tax net operating income
  • -$373Securities gains (losses)
  • $328Applicable income taxes
  • $1,171Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,171Net income attributable to bank
  • $0Net charge-offs
  • $1,171Cash dividends
  • $6,284Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.46%Return on equity (ROE)
  • 1.46%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 103.56%Credit loss provision to net charge-offs
  • 1.33%Efficiency ratio
  • 74,483Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 39.28%Noncurrent assets plus other real estate owned to assets
  • 5.57%Noncurrent loans to loans
  • 5.63%Net loans and leases to deposits
  • 89.76%Net loans and leases to core deposits
  • 90.98%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 10.45%Tier 1 risk-based capital ratio
  • 14.25%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $730,777Average earning assets
  • $80,053Average equity
  • $652,049Average loans

List of branches

  • 22 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041287Timberland Bank624 Simpson Avenue, Hoquiam, WA 98550January 01, 1915Full Service Brick and Mortar
    2267716South Aberdeen Branch300 North Boone St. P.O. Box 233, Aberdeen, WA 98520January 01, 1915Full Service Brick and Mortar
    3267717Montesano Branch201 S Main Street South P.O. Box 289, Montesano, WA 98563January 01, 1915Full Service Brick and Mortar
    100267718Ocean Shores Branch361 Damon Rd. P.O. Box 1029, Ocean Shores, WA 98569January 01, 1915Full Service Brick and Mortar
    101267719Edgewood Branch2418 Meridian Ave. E., Puyallup, WA 98371January 01, 1915Full Service Brick and Mortar
    102267720Auburn Branch202 Auburn Way South P.O. Box 1635, Auburn, WA 98002September 15, 1994Full Service Brick and Mortar
    103267721Lacey Branch1201 Marvin Road N.E., Lacey, WA 98509April 23, 1997Full Service Brick and Mortar
    104267722South Hill Branch12814 Meridian E. (P.O. Box 73638), Puyallup, WA 98373September 05, 1996Full Service Brick and Mortar
    105267723Yelm Branch101 Yelm Avenue W. (P.O. Box 2349), Yelm, WA 98597March 01, 1999Full Service Brick and Mortar
    107267725Bethel Station Branch2419 224th Street Se P.O. Box 4940, Spanaway, WA 98387September 30, 1999Full Service Brick and Mortar
    108267726Poulsbo Branch20464 Viking Avenue, Poulsbo, WA 98370October 18, 1999Full Service Brick and Mortar
    110360648Tumwater Branch301 Trosper Road Sw, Tumwater, WA 98512March 29, 2001Full Service Brick and Mortar
    111362233Tacoma Branch7805 So. Hosmer, Tacoma, WA 98406June 08, 2001Full Service Brick and Mortar
    112365695Silverdale2401 Nw Bucklin Hill Road, Silverdale, WA 98383December 20, 2002Full Service Brick and Mortar
    113423255Olympia423 Washington Street Southeast, Olympia, WA 98501August 25, 2003Full Service Brick and Mortar
    114428725Gig Harbor Branch3105 Judson Street, Gig Harbor, WA 98335June 14, 2004Full Service Brick and Mortar
    11515870Elma Branch313 Waldrip Street, Elma, WA 98541December 01, 1978Full Service Brick and Mortar
    116255181Aberdeen Branch117 N Broadway, Aberdeen, WA 98520December 15, 1982Full Service Brick and Mortar
    117195811Toledo Branch101 Second Street, Toledo, WA 98591June 11, 1938Full Service Brick and Mortar
    118195812Winlock Branch209 Northeast First Street, Winlock, WA 98596June 15, 1938Full Service Brick and Mortar
    119255517Panorama City Branch150 Circle Drive, Lacey, WA 98503March 31, 1997Full Service Brick and Mortar
    123490978Chehalis Branch714 West Main Street, Chehalis, WA 98532May 18, 2009Full Service Brick and Mortar

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