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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Sep. 30, 2013
Cash and cash equivalents:    
Cash and due from financial institutions $ 11,508 $ 12,879
Interest-bearing deposits in banks 54,730 81,617
Total cash and cash equivalents 66,238 94,496
Certificates of deposit (“CDs”) held for investment (at cost which approximates fair value) 32,428 30,042
Mortgage-backed securities (“MBS”) and other investments - held to maturity, at amortized cost (estimated fair value $3,433 and $3,533) 2,617 2,737
MBS and other investments - available for sale 3,930 4,101
Federal Home Loan Bank of Seattle (“FHLB”) stock 5,401 5,452
Loans receivable 565,655 557,329
Loans held for sale 994 1,911
Less: Allowance for loan losses (10,745) (11,136)
Total loans receivable, net 555,904 548,104
Premises and equipment, net 17,914 17,764
Other real estate owned (“OREO”) and other repossessed assets, net 12,483 11,720
Accrued interest receivable 2,092 1,972
Bank owned life insurance (“BOLI”) 17,217 17,102
Goodwill 5,650 5,650
Core deposit intangible (“CDI”) 90 119
Other assets 3,825 4,123
Total assets 727,933 745,648
Deposits:    
Non-interest-bearing demand 98,585 87,657
Interest-bearing 502,898 520,605
Total deposits 601,483 608,262
FHLB advances 45,000 45,000
Other liabilities and accrued expenses 2,362 2,698
Total liabilities 648,845 655,960
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, Series A. issued and outstanding - September 30, 2013 0 11,936
Common stock, $.01 par value; 50,000,000 shares authorized; 7,047,636 shares issued and outstanding - December 31, 2013 7,045,036 shares issued and outstanding - September 30, 2013 10,614 10,570
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (1,388) (1,454)
Retained earnings 70,211 68,998
Accumulated other comprehensive loss (349) (362)
Total shareholders’ equity 79,088 89,688
Total liabilities and shareholders’ equity $ 727,933 $ 745,648