Timberland Bancorp, Inc. Reports Net Charge-Offs for the First Quarter Ended December 31, 2019
January 27, 2020 at 04:00 pm
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Timberland Bancorp, Inc. reported net charge-offs for the first quarter ended December 31, 2019. For the quarter, the company reported net charge-offs of $8,000 for the current quarter compared to net recoveries of $59,000 for the preceding quarter and net recoveries of $3,000 for the comparable quarter one 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. 
