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Timberland Bank

Timberland Bank


Overview / Commentary
www.timberlandbank.com
360-533-4747
624 Simpson Ave.
Hoquiam, WA 98550

Timberland Bank is headquartered in Hoquiam and is the 13th largest bank in the state of Washington. It is also the 582nd largest bank in the nation. It was established in 1915 and as of June of 2022, it had grown to 290 employees at 24 locations. Timberland Bank has an A+ health rating.

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Reviews (3)

Five Star Guy Named Doug

Posted by: |

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

5

Wow! Real People Answer The Phone Here.

Posted by: |

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

6

Limited Electronic Transfers Permiteed

Posted by: |

I too have had wonderful personal service, however, there is one significant disadvantage that I have experienced. Online banking limits transfers (from my checking account) to $500 per day. This makes Timberland unsuitable as one's primary bank, unless you are willing to run around with physical checks drawn on Timberland to deposit elsewhere. Given that Timberland's deposit rates are pretty low, typical of a brick and mortar bank, it makes sense to move any excess funds to online banks that pay top rates. The transfer limit hinders such. I haven't tried removing funds by initiating the electronic transfer from the other (CD issuing) institution.

5


Health
A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #28453
Year Established1915
Employees290
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD10.62%
Annual Interest Income$28.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.89B$1.74B
LoansQ2 2022vs Q2 2021$1.09B$1.00B
DepositsQ2 2022vs Q2 2021$1.66B$1.52B
Equity CapitalQ2 2022vs Q2 2021$211.4MM$200.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$13.4MM$13.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.3MM$2.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$157.00K
Rates

Sorry, we do not have rate data for Timberland Bank.

Locations

Availability



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