5 star ratingAverage User Rating:
5 star rating based on 2 reviews.

Timberland Bank

Timberland Bank Locations
624 Simpson Ave.
Hoquiam, WA 98550
1-800-562-8761
www.timberlandbank.com

Timberland Bank is headquartered in Hoquiam and is the 19st largest bank in the state of Washington. It is also the 905th largest bank in the nation. It was established in 1915 and as of March of 2012, it had grown to 256 employees at 22 locations. Timberland Bank has a 3-star health rating.

Timberland Bank Routing Number: 325170754

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3.51% Reward Checking Account at Timberland Bank in Washington State - 1/28/2009

Update 11/28/09: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.Timberland Bank is offering a reward checking account called Free Smart Money Checking. It pays 3.51% APY on balances up to $25,000 (1.01% for...



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Timberland Bank Checking Account Rates

ApyMinMaxProduct
1.50%-$15kFree Smart Money Checking

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Timberland Bank
FDIC Certificate #28453
BankRate ReportView
Year Established1915
Employees256
Primary RegulatorFDIC

Assets and Liabilities

Assets$738.08 million
Loans$534.99 million
Deposits$604.76 million
Equity Capital$81.96 million
Loan Loss Allowance$12.26 million
Unbacked Noncurrent Loans$29.59 million
Real Estate Owned$7.98 million

Historic Data - March 2011

Assets$739.60 million
Equity Capital$80.61 million
Loan Loss Allowance$11.80 million
Unbacked Noncurrent Loans$23.98 million
Real Estate Owned$10.04 million

Profit Margin - Quarterly

Net Interest Margin3.82%
Return on Assets0.47%
Return on Equity4.26%
Interest Income$7.80 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Timberland Bank had $37.57 million in non-current loans and owned real-estate with $94.22 million in equity and loan loss allowances on hand to cover it. This gives Timberland Bank a Texas Ratio of 39.87% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Timberland Bank held steady from 36.81% as of March 31, 2011 to 39.87% as of March 31, 2012, resulting in a negative change of 8.32%. This indicates that the balance sheet and financial strength for Timberland Bank has held steady in recent periods.
Deposit Growth4
In the past year, Timberland Bank has increased its total deposits by $7.36 million, resulting in 1.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Timberland Bank has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Timberland Bank has $738.08 million in assets with $94.22 million in equity, resulting in a capitalization level of 12.77%, which is excellent.
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Five Star Guy Named Doug
5 stars - Hennige - Friday, October 28, 2011 - 5:15 PM

We were renting a house out in Ocean Shores Washington and were looking to buy a house in the same town. The sign on Timberland Bank in town said the best place to get a loan. We went in and asked. Doug the branch manger and loan offcer was the best. Atthough the house was a HUD home and he hadn't done a lot of them, he was fantastic. This man walked us through it and helped us every step of the the way. He found us the best intrest rate he could and changed it before the deal was done. A very kind and profesional man, he took the time to explain the whole thing, Even when HUD threw us some curve balls that made no sense to any one in the real world, he powered through them and made us feel that we were working out it together. The guy was great!!  He went above and beyond the call of duty.   If you want to buy a house here I highly reccommend a man named Doug at Timberland Bank.

J Hennige

2

Wow! Real People Answer The Phone Here.
5 stars - heidi - Thursday, October 27, 2011 - 12:50 PM

Wow!  Real people answer the phone here.  No phone tree!  A warm, cheerful voice on the other end of the line!

2
 
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