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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Sep. 30, 2013
Cash and cash equivalents:    
Cash and due from financial institutions $ 13,500 $ 12,879
Interest-bearing deposits in banks 50,467 81,617
Total cash and cash equivalents 63,967 94,496
Certificates of deposit (“CDs”) held for investment (at cost which approximates fair value) 32,336 30,042
Mortgage-backed securities (“MBS”) and other investments - held to maturity, at amortized cost (estimated fair value $6,285 and $3,533) 5,417 2,737
MBS and other investments - available for sale 2,928 4,101
Federal Home Loan Bank of Seattle (“FHLB”) stock 5,299 5,452
Loans receivable 566,757 557,329
Loans held for sale 1,501 1,911
Less: Allowance for loan losses (10,563) (11,136)
Total loans receivable, net 557,695 548,104
Premises and equipment, net 17,867 17,764
Other real estate owned (“OREO”) and other repossessed assets, net 11,172 11,720
Accrued interest receivable 1,922 1,972
Bank owned life insurance (“BOLI”) 17,494 17,102
Goodwill 5,650 5,650
Core deposit intangible (“CDI”) 32 119
Servicing Asset at Amortized Cost 1,812 2,266
Other assets 4,040 4,123
Total assets 727,631 745,648
Deposits:    
Non-interest-bearing demand 92,995 87,657
Interest-bearing 505,637 520,605
Total deposits 598,632 608,262
FHLB advances 45,000 45,000
Other liabilities and accrued expenses 2,669 2,698
Total liabilities 646,301 655,960
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, $.01 par value; 50,000,000 shares authorized; 7,045,936 shares issued and outstanding - June 30, 2014 7,045,036 shares issued and outstanding - September 30, 2013 10,710 10,570
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (1,256) (1,454)
Retained earnings 72,240 68,998
Accumulated other comprehensive loss (364) (362)
Total shareholders’ equity 81,330 89,688
Total liabilities and shareholders’ equity $ 727,631 $ 745,648