| Business Summary | | Timberland
Bancorp,
Inc.
is
the
holding
company
for
Timberland
Savings
Bank,
SSB.
The
Bank
is
a
community-oriented
bank,
which
has
traditionally
offered
a
variety
of
savings
products
to
its
retail
customers
while
concentrating
its
lending
activities
on
real
estate
mortgage
loans.
Lending
activities
have
been
focused
primarily
on
the
origination
of
loans
secured
by
one-to-four
family
residential
dwellings,
including
an
emphasis
on
construction
and
land
development
loans,
as
well
as
the
origination
of
multi-family
and
commercial
real
estate
loans.
The
Bank
actively
originates
adjustable
rate
residential
mortgage
loans
that
do
not
qualify
for
sale
in
the
secondary
market
under
Federal
Home
Loan
Mortgage
Corporation
guidelines.
The
Bank
also
originates
commercial
business
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TSBK
is
the
holding
company
for
Timberland
Savings
Bank,
a
state-chartered
stock
savings
bank
with
branches
throughout
WA.
For
the
nine
months
ended
6/30/01,
interest
income
rose
14%
to
$23.8
million.
Net
interest
income
after
LLP
rose
6%
to
$11.9
million.
Net
income
rose
6%
to
$4.4
million.
Net
interest
income
reflects
a
higher
average
loan
balance,
partially
offset
by
an
increase
in
the
average
rates
paid
and
outstanding
balances
of
FHLB
advances. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Clarence Hamre, 66 Chairman,
Pres, and CEO | $257K | Dean Brydon, 33 CFO | -- | Michael Sand, 46 Exec.
VP and Sec. | 147K | Paul MacLeod, 56 Treasurer | -- | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|