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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 12th largest bank in the state of Washington. It is also the 628th largest bank in the nation. It was established in 1915 and as of March of 2023, it had grown to 296 employees at 23 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 Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #28453
Year Established1915
Employees296
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD12.02%
Annual Interest Income$19.4MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.79B$1.88B
LoansQ1 2023vs Q1 2022$1.21B$1.04B
DepositsQ1 2023vs Q1 2022$1.55B$1.66B
Equity CapitalQ1 2023vs Q1 2022$225.4MM$210.2MM
Loan Loss AllowanceQ1 2023vs Q1 2022$14.7MM$13.4MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.0MM$2.7MM
Real Estate OwnedQ1 2023vs Q1 2022$0$157.00K
Rates

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

Locations

Availability

Seattle Area

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