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624 Simpson Ave.
Hoquiam, WA 98550

Timberland Bank is headquartered in Hoquiam and is the 19st largest bank in the state of Washington. It is also the 928th largest bank in the nation. It was established in 1915 and as of March of 2014, it had grown to 247 employees at 22 locations. Timberland Bank has a B+ health rating.

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Reviews (2)

Five Star Guy Named Doug

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

Wow! Real People Answer The Phone Here.

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


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Timberland Bank had $25.86 million in non-current loans and owned real-estate with $87.98 million in equity and loan loss allowances on hand to cover it. This gives Timberland Bank a Texas Ratio of 29.39% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Timberland Bank decreased slightly from 37.00% as of March 31, 2013 to 29.39% as of March 31, 2014, resulting in a positive change of 20.57%.This indicates that the balance sheet and financial strength for Timberland Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Timberland Bank has increased its total deposits by $2.79 million, resulting in 0.46% 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.



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 $732.07 million in assets with $87.98 million in equity, resulting in a capitalization level of 12.02%, which is excellent.

Institution Statistics

FDIC Certificate #28453
Year Established1915
Primary RegulatorFDIC
Assets and Liabilities
Assets$732.07 million
Loans$554.69 million
Deposits$604.47 million
Equity Capital$77.24 million
Loan Loss Allowance$10.75 million
Unbacked Noncurrent Loans$12.65 million
Real Estate Owned$13.21 million
Historic Data - March 2013
Assets$737.42 million
Equity Capital$85.02 million
Loan Loss Allowance$11.31 million
Unbacked Noncurrent Loans$12.65 million
Real Estate Owned$15.03 million
Profit Margin - Quarterly
Net Interest Margin3.95%
Return on Assets0.65%
Return on Equity6.18%
Interest Income$7.41 million

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Timberland Bank has 22 locations. Click to view all Timberland Bank locations.