Timberland Bancorp, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2020
January 25, 2021 at 04:30 pm
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Timberland Bancorp, Inc. announced earnings results for the first quarter ended December 31, 2020. For the first quarter, the company announced net interest income was USD 13.024 million compared to USD 13.002 million a year ago. Net income was USD 7.290 million compared to USD 6.652 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.78 a year ago.
Timberland Bancorp, Inc. is a holding company for Timberland Bank (the Bank). The Bank is a community-oriented bank, which offers a variety of savings products to its retail and business customers while concentrating its lending activities on real estate secured loans. Its lending activities are focused primarily on the origination of loans secured by real estate, including residential construction loans, one-to-four-family residential loans, multi-family loans and commercial real estate loans. The Bank also originates commercial business loans and other consumer loans. It offers personal checking, savings accounts, timberland financial services, health savings accounts, online banking, cash management and remote deposit, ACH transactions, merchant services, and others. The Bank serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 23 branches.
TIMBERLAND BANCORP, INC. 
