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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Sep. 30, 2013
Cash and cash equivalents:    
Cash and due from financial institutions $ 11,818 $ 12,879
Interest-bearing deposits in banks 60,536 81,617
Total cash and cash equivalents 72,354 94,496
Certificates of deposit (“CDs”) held for investment (at cost, which approximates fair value) 35,845 30,042
Securities held to maturity, at amortized cost (estimated fair value of $6,274 and $3,533) 5,298 2,737
Securities available for sale 2,857 4,101
Federal Home Loan Bank of Seattle (“FHLB”) stock 5,246 5,452
Loans receivable, net of allowance for loan losses of $10,427 and $11,136 564,853 546,193
Loans held for sale 899 1,911
Net loans receivable 565,752 548,104
Premises and equipment, net 17,679 17,764
Other real estate owned (“OREO”) and other repossessed assets, net 9,092 11,720
Accrued interest receivable 1,910 1,972
Bank owned life insurance (“BOLI”) 17,632 17,102
Goodwill 5,650 5,650
Core deposit intangible (“CDI”) 3 119
Mortgage servicing rights (“MSRs”), net 1,684 2,266
Other assets 4,563 4,123
Total assets 745,565 745,648
Deposits:    
Non-interest-bearing demand 106,417 87,657
Interest-bearing 508,699 520,605
Total deposits 615,116 608,262
FHLB advances 45,000 45,000
Other liabilities and accrued expenses 2,671 2,698
Total liabilities 662,787 655,960
Shareholders’ equity    
Fixed Rate Cumulative Perpetual Preferred Stock, Series A, $0.01 par value; 1,000,000 shares authorized; redeemable at $1,000 per share: 12,065 shares issued and outstanding - September 30, 2013 0 11,936
Common stock, $0.01 par value; 50,000,000 shares authorized; 7,047,336 shares issued and outstanding - September 30, 2014 7,045,036 shares issued and outstanding - September 30, 2013 10,773 10,570
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (1,190) (1,454)
Retained earnings 73,534 68,998
Accumulated other comprehensive loss (339) (362)
Total shareholders’ equity 82,778 89,688
Total liabilities and shareholders’ equity $ 745,565 $ 745,648