Timberland Bank

Timberland Bank

Overview / Commentary
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 604th largest bank in the nation. It was established in 1915 and as of December of 2023, it had grown to 270 employees at 23 locations. Timberland Bank has an A health rating.

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

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!

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 - YTD1.42%
Return on Equity - YTD11.42%
Annual Interest Income$83.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.89B$1.84B
LoansQ4 2023vs Q4 2022$1.34B$1.17B
DepositsQ4 2023vs Q4 2022$1.63B$1.6B
Equity CapitalQ4 2023vs Q4 2022$235.8MM$220.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$16.7MM$14.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.4MM$2MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0

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



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