TIMBERLAND BANCORP INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
TSBK$48.06+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
March 31, 2025 and September 30, 2024
| March 31,2025 | September 30,2024 | |
|---|---|---|
| (Unaudited) | * | |
| Assets | ||
| Cash and cash equivalents: | ||
| Cash and due from financial institutions | $26,010 | $29,071 |
| Interest-bearing deposits in banks | 165,201 | 135,657 |
| Total cash and cash equivalents | 191,211 | 164,728 |
| Certificates of deposit (“CDs”) held for investment, at cost | 8,711 | 10,209 |
| Investment securities held to maturity, at amortized cost (net of allowance for credit losses ("ACL") of $50 and $60), (estimated fair value of $134,382 and $166,007) | 140,954 | 172,097 |
| Investment securities available for sale, at fair value | 84,807 | 72,257 |
| Investments in equity securities, at fair value | 853 | 866 |
| Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost | 2,045 | 2,037 |
| Other investments, at cost | 3,000 | 3,000 |
| Loans held for sale | 1,151 | — |
| Loans receivable, net of ACL of $17,525 and $17,478 | 1,420,074 | 1,421,523 |
| Premises and equipment, net | 21,436 | 21,486 |
| Other real estate owned (“OREO”) and other repossessed assets, net | 221 | — |
| Accrued interest receivable | 7,127 | 6,990 |
| Bank owned life insurance (“BOLI”) | 23,942 | 23,611 |
| Goodwill | 15,131 | 15,131 |
| Core deposit intangible (“CDI”), net | 361 | 451 |
| Loan servicing rights, net | 1,051 | 1,372 |
| Operating lease right-of-use ("ROU") assets | 1,324 | 1,475 |
| Other assets | 9,331 | 6,242 |
| Total assets | $1,932,730 | $1,923,475 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Deposits: | ||
| Non-interest-bearing demand | $407,811 | $413,116 |
| Interest-bearing | 1,243,019 | 1,234,552 |
| Total deposits | 1,650,830 | 1,647,668 |
| FHLB borrowings | 20,000 | 20,000 |
| Operating lease liabilities | 1,426 | 1,575 |
| Other liabilities and accrued expenses | 7,950 | 8,819 |
| Total liabilities | $1,680,206 | $1,678,062 |
*Derived from audited consolidated financial statements.
CONSOLIDATED BALANCE SHEETS (continued)
March 31, 2025 and September 30, 2024
| March 31,2025 | September 30,2024 | |
|---|---|---|
| (Unaudited) | * | |
| Commitments and contingencies (see Note 12) | ||
| Shareholders’ equity | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued | $— | $— |
| Common stock, $0.01 par value; 50,000,000 shares authorized;7,903,489 shares issued and outstanding - March 31, 2025 7,960,127 shares issued and outstanding - September 30, 2024 | 28,028 | 29,862 |
| Retained earnings | 225,166 | 215,531 |
| Accumulated other comprehensive (loss) income | (670) | 20 |
| Total shareholders’ equity | 252,524 | 245,413 |
| Total liabilities and shareholders’ equity | $1,932,730 | $1,923,475 |
*Derived from audited consolidated financial statements.
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