TIMBERLAND BANCORP INC

Timberland Bancorp, Inc. (NASDAQ: TMBK) operates as a community-oriented bank holding company providing comprehensive financial services through its wholly-owned subsidiary, Timberland Bank. The company maintains its website at www.timberlandbank.com and serves consumers and businesses across six counties in Washington State through 23 branch locations, including its main office in Hoquiam.

Founded in 1915, Timberland Bank has established itself as a regional financial institution with total consolidated assets of $2.01 billion, net loans receivable of $1.46 billion, total deposits of $1.72 billion, and shareholders' equity of $262.61 million as of September 30, 2025. The bank's primary market areas encompass Grays Harbor, Pierce, Thurston, King, Kitsap, and Lewis counties, with branch locations strategically positioned to serve both rural and urban communities.

The bank's lending activities focus primarily on real estate mortgage loans, representing the core of its business model. The loan portfolio composition reflects this emphasis, with commercial real estate, construction, multi-family, and land loans comprising 73.4 percent of total loans at $1.08 billion. The bank originates one- to four-family residential loans, both fixed-rate and adjustable-rate mortgages, along with multi-family and commercial real estate loans. Construction lending represents a significant specialty, encompassing custom and owner-builder projects, speculative residential construction, and commercial and multi-family development financing. The bank also provides consumer loans including home equity lines of credit and second mortgages, as well as commercial business loans, including those under the Small Business Administration 7(a) program.

Deposits represent the primary funding source, with the bank maintaining FDIC insurance coverage up to applicable legal limits. The bank has been a member of the Federal Home Loan Bank System since 1937 and operates under regulation by the Washington State Department of Financial Institutions and the FDIC, while the holding company is regulated by the Federal Reserve. The company's business strategy emphasizes geographic diversification beyond its historical Grays Harbor County base to reduce economic concentration risk and leverage the more diversified economic bases of Pierce, Thurston, Kitsap, King, and Lewis counties.