TIMBERLAND BANCORP INC
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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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.
Jun 30, 2026 · Filed Aug 7, 2026
TSBK$48.37+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
For the nine months ended June 30, 2026 and 2025
| Nine Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $23,068 | $20,715 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 997 | 713 |
| Depreciation | 1,100 | 1,131 |
| Deferred income taxes | (82) | (73) |
| Accretion of discount on purchased loans | (27) | (92) |
| Amortization of CDI | 102 | 135 |
| Stock-based compensation expense | 534 | 393 |
| Gain on sale of investment securities available for sale, net | — | (24) |
| Net recoveries on investment securities | (39) | (9) |
| Change in fair value of investments in equity securities | 6 | 11 |
| Accretion of discounts and premiums on securities | (728) | (866) |
| Gain on sales of loans, net | (464) | (303) |
| Loans originated for sale | (24,034) | (14,059) |
| Proceeds from sales of loans | 22,851 | 12,599 |
| Amortization of loan servicing rights | 432 | 582 |
| BOLI net earnings | (559) | (502) |
| Change in deferred loan origination fees | (129) | 2 |
| Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses | (1,868) | (277) |
| Net cash provided by operating activities | 21,160 | 20,076 |
| Cash flows from investing activities | ||
| Net (increase) decrease in CDs held for investment | (747) | 1,747 |
| Proceeds from sale of investment securities available for sale | — | 13,494 |
| Purchase of investment securities held to maturity | (3,935) | (5,413) |
| Purchase of investment securities available for sale | (27,881) | (40,576) |
| Proceeds from maturities and prepayments of investment securities held to maturity | 23,633 | 36,324 |
| Proceeds from maturities and prepayments of investment securities available for sale | 14,869 | 12,387 |
| Redemption (purchase) of FHLB stock | 392 | (8) |
| Increase in loans receivable, net | (33,045) | (20,744) |
| Purchase of premises and equipment | (1,565) | (1,135) |
| Purchase of BOLI policies | (15,000) | — |
| Net cash used in investing activities | (43,279) | (3,924) |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
For the nine months ended June 30, 2026 and 2025
| Nine Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from financing activities | ||
| Net increase in deposits | $46,914 | $21,809 |
| Repayment of FHLB borrowings | (10,000) | — |
| Proceeds from exercise of stock options | 1,594 | 817 |
| Repurchase of common stock, net of tax | (6,968) | (3,846) |
| Payment of dividends | (6,767) | (6,033) |
| Net cash provided by financing activities | 24,773 | 12,747 |
| Net increase in cash and cash equivalents | 2,654 | 28,899 |
| Cash and cash equivalents | ||
| Beginning of period | 243,428 | 164,728 |
| End of period | $246,082 | $193,627 |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid | $6,084 | $5,650 |
| Interest paid | $23,995 | $24,253 |
| Supplemental disclosure of non-cash investing activities | ||
| Other comprehensive loss related to investment securities | $(869) | $(795) |
| Loans transferred to OREO and other repossessed assets | $— | $221 |
| Operating lease liabilities arising from recording of ROU assets | $1,487 | $— |
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