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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Interest and dividend income    
Loans receivable $ 7,318 $ 7,414
MBS and other investments 61 77
Dividends from mutual funds and FHLB stock 8 12
Interest-bearing deposits in banks 94 86
Total interest and dividend income 7,481 7,589
Interest expense    
Deposits 551 728
FHLB advances 471 472
Total interest expense 1,022 1,200
Net interest income 6,459 6,389
Provision for loan losses 0 200
Net interest income after provision for loan losses 6,459 6,189
Non-interest income    
Other than temporary impairment (“OTTI”) on MBS and other investments (3) (7)
Adjustment for portion recorded as (transferred from) other comprehensive income (loss) before taxes 1 (3)
Net OTTI on MBS and other investments (2) (10)
Service charges on deposits 992 947
ATM and debit card interchange transaction fees 585 515
BOLI net earnings 115 143
Gain on sales of loans, net 302 642
Escrow fees 35 35
Valuation recovery on MSRs 0 254
Fee income from non-deposit investment sales 28 25
Other 140 164
Total non-interest income, net 2,195 2,715
Non-interest expense    
Salaries and employee benefits 3,380 3,114
Premises and equipment 693 690
Advertising 178 177
OREO and other repossessed assets, net 159 288
ATM 226 221
Postage and courier 96 113
Amortization of CDI 29 33
State and local taxes 117 139
Professional fees 183 242
Federal Deposit Insurance Corporation (FDIC) insurance 162 241
Other insurance 39 52
Loan administration and foreclosure 109 138
Data processing and telecommunications 330 287
Deposit operations 179 164
Other 361 478
Total non-interest expense 6,241 6,377
Income before federal income taxes 2,413 2,527
Provision for federal income taxes 802 819
Net income 1,611 1,708
Preferred stock dividends (136) (201)
Preferred stock discount accretion (70) (63)
Net income to common shareholders $ 1,405 $ 1,444
Net income per common share    
Basic (in dollars per share) $ 0.20 $ 0.21
Diluted (in dollars per share) $ 0.20 $ 0.21
Weighted average common shares outstanding    
Basic (in shares) 6,853,683 6,815,782
Diluted (in shares) 6,978,385 6,821,006
Dividends paid per common share (in dollars per share) $ 0.03 $ 0