Timberland Bank is headquartered in Hoquiam and is the 14th largest bank in the state of Washington. It is also the 804th largest bank in the nation. It was established in 1915 and as of December of 2016, it had grown to 261 employees at 22 locations. Timberland Bank has an A+ health rating.
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.
|FDIC Certificate #||28453|
|Return on Assets - YTD||1.25%|
|Return on Equity - YTD||11.82%|
|Annual Interest Income||$35.3MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$922.6MM$836.4MM|
|Loans||Q4 2016vs Q4 2015||$671.1MM$625.8MM|
|Deposits||Q4 2016vs Q4 2015||$790.2MM$698.1MM|
|Equity Capital||Q4 2016vs Q4 2015||$97.0MM$88.1MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$9.8MM$9.9MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$2.5MM$5.1MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$3.2MM$7.6MM|
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