Timberland Bancorp Inc (OQ:TSBK)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 624 Simpson Ave HOQUIAM WA 98550 |
| Tel: | N/A |
| Website: | https://www.timberlandbank.com |
| IR: | See website |
| Key People | ||
| Jonathan Arthur Fischer President, Chief Operating Officer, Company Secretary of the Company and the Bank | Dean J. Brydon Chief Executive Officer, Director of Company and the Bank | Marci A. Basich Chief Financial Officer, Executive Vice President of the Company and the Bank |
| Branne D. Antich Executive Vice President, Chief Technology Officer | Matthew J. Debord Executive Vice President, Chief Lending Officer of the Company and the Bank | Todd Van Cise Chief Credit Officer |
| Business Overview |
| Timberland Bancorp, Inc. is a holding company for Timberland Bank (the Bank). The Bank is a community-oriented bank, which offers a variety of savings products to its retail and business customers while concentrating its lending activities on real estate secured loans. Its lending activities are focused primarily on the origination of loans secured by real estate, including residential construction loans, one-to-four-family residential loans, multi-family loans and commercial real estate loans. The Bank also originates commercial business loans and other consumer loans. It offers personal checking, savings accounts, timberland financial services, health savings accounts, online banking, cash management and remote deposit, ACH transactions, merchant services, and others. The Bank serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 23 branches. |
| Financial Overview |
| For the six months ended 31 March 2024, Timberland Bancorp Inc interest income increased 19% to $45.7M. Net interest income after loan loss provision decreased 8% to $31.2M. Net income decreased 15% to $12M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 12% to 3.54%, Net Interest Spread, Total - % decrease of 27% to 2.76%. |
| Employees: | 285 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $87.10M as of Mar 31, 2024 |
| EBITDA (TTM): | $34.14M as of Mar 31, 2024 |
| Net annual income (TTM): | $24.95M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 8,023,121 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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