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624 Simpson Ave.
Hoquiam, WA 98550

Timberland Bank is headquartered in Hoquiam and is the 14th largest bank in the state of Washington. It is also the 759th largest bank in the nation. It was established in 1915 and as of December of 2017, it had grown to 266 employees at 22 locations. Timberland Bank has an A+ health rating.

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Reviews (3)

Five Star Guy Named Doug

Posted by: Hennige | Oct 28, 2011

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.

Posted by: heidi | Oct 27, 2011

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

Limited Electronic Transfers Permiteed

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.


Health Grade Components

FDIC Certificate #28453
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.54%
Return on Equity - YTD14.06%
Annual Interest Income$39.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$991.9MM$922.6MM
LoansQ4 2017vs Q4 2016$708.7MM$671.1MM
DepositsQ4 2017vs Q4 2016$876.5MM$790.2MM
Equity CapitalQ4 2017vs Q4 2016$111.1MM$97.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$9.6MM$9.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.1MM$2.5MM
Real Estate OwnedQ4 2017vs Q4 2016$2.9MM$3.2MM

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