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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 6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Interest and dividend income        
Loans receivable $ 7,352us-gaap_InterestAndFeeIncomeLoansAndLeases $ 7,255us-gaap_InterestAndFeeIncomeLoansAndLeases $ 14,861us-gaap_InterestAndFeeIncomeLoansAndLeases $ 14,573us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities 55us-gaap_InterestIncomeSecuritiesMortgageBacked 64us-gaap_InterestIncomeSecuritiesMortgageBacked 120us-gaap_InterestIncomeSecuritiesMortgageBacked 124us-gaap_InterestIncomeSecuritiesMortgageBacked
Dividends from mutual funds and FHLB stock 6us-gaap_InvestmentIncomeDividend 6us-gaap_InvestmentIncomeDividend 13us-gaap_InvestmentIncomeDividend 15us-gaap_InvestmentIncomeDividend
Interest-bearing deposits in banks 114us-gaap_InterestIncomeDepositsWithFinancialInstitutions 87us-gaap_InterestIncomeDepositsWithFinancialInstitutions 219us-gaap_InterestIncomeDepositsWithFinancialInstitutions 181us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest and dividend income 7,527us-gaap_InterestAndDividendIncomeOperating 7,412us-gaap_InterestAndDividendIncomeOperating 15,213us-gaap_InterestAndDividendIncomeOperating 14,893us-gaap_InterestAndDividendIncomeOperating
Interest expense        
Deposits 495us-gaap_InterestExpenseDeposits 514us-gaap_InterestExpenseDeposits 1,004us-gaap_InterestExpenseDeposits 1,064us-gaap_InterestExpenseDeposits
FHLB advances 465us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 461us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 940us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 933us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
Total interest expense 960us-gaap_InterestExpense 975us-gaap_InterestExpense 1,944us-gaap_InterestExpense 1,997us-gaap_InterestExpense
Net interest income 6,567us-gaap_InterestIncomeExpenseNet 6,437us-gaap_InterestIncomeExpenseNet 13,269us-gaap_InterestIncomeExpenseNet 12,896us-gaap_InterestIncomeExpenseNet
Provision for loan losses 0us-gaap_ProvisionForLoanAndLeaseLosses 0us-gaap_ProvisionForLoanAndLeaseLosses 0us-gaap_ProvisionForLoanAndLeaseLosses 0us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 6,567us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 6,437us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 13,269us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 12,896us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-interest income        
Recoveries (other than temporary impairment “OTTI”) on investment securities 0us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount 89us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount 0us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount 86us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
Adjustment for portion of OTTI recorded as other comprehensive income (loss) before taxes (1)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax (1)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 1us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
Net recoveries (OTTI) on investment securities 1us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (89)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (1)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 87us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Gain (Loss) on Sale of Other Investments 0us-gaap_GainLossOnSaleOfOtherInvestments (32)us-gaap_GainLossOnSaleOfOtherInvestments 45us-gaap_GainLossOnSaleOfOtherInvestments (32)us-gaap_GainLossOnSaleOfOtherInvestments
Service charges on deposits 852us-gaap_FeesAndCommissionsDepositorAccounts 883us-gaap_FeesAndCommissionsDepositorAccounts 1,737us-gaap_FeesAndCommissionsDepositorAccounts 1,874us-gaap_FeesAndCommissionsDepositorAccounts
ATM and debit card interchange transaction fees 643us-gaap_FeesAndCommissionsCreditAndDebitCards 573us-gaap_FeesAndCommissionsCreditAndDebitCards 1,273us-gaap_FeesAndCommissionsCreditAndDebitCards 1,158us-gaap_FeesAndCommissionsCreditAndDebitCards
BOLI net earnings 131us-gaap_BankOwnedLifeInsuranceIncome 143us-gaap_BankOwnedLifeInsuranceIncome 268us-gaap_BankOwnedLifeInsuranceIncome 258us-gaap_BankOwnedLifeInsuranceIncome
Gain on sales of loans, net 348us-gaap_GainLossOnSalesOfLoansNet 172us-gaap_GainLossOnSalesOfLoansNet 584us-gaap_GainLossOnSalesOfLoansNet 474us-gaap_GainLossOnSalesOfLoansNet
Escrow fees 56us-gaap_AssetManagementFees1 30us-gaap_AssetManagementFees1 98us-gaap_AssetManagementFees1 66us-gaap_AssetManagementFees1
Fee income from non-deposit investment sales 10us-gaap_InvestmentAdvisoryFees 16us-gaap_InvestmentAdvisoryFees 12us-gaap_InvestmentAdvisoryFees 44us-gaap_InvestmentAdvisoryFees
Other 175us-gaap_NoninterestIncomeOtherOperatingIncome 139us-gaap_NoninterestIncomeOtherOperatingIncome 322us-gaap_NoninterestIncomeOtherOperatingIncome 279us-gaap_NoninterestIncomeOtherOperatingIncome
Total non-interest income, net 2,214us-gaap_NoninterestIncome 2,013us-gaap_NoninterestIncome 4,338us-gaap_NoninterestIncome 4,208us-gaap_NoninterestIncome
Non-interest expense        
Salaries and employee benefits 3,284us-gaap_LaborAndRelatedExpense 3,434us-gaap_LaborAndRelatedExpense 6,680us-gaap_LaborAndRelatedExpense 6,813us-gaap_LaborAndRelatedExpense
Premises and equipment 751us-gaap_DepreciationNonproduction 647us-gaap_DepreciationNonproduction 1,476us-gaap_DepreciationNonproduction 1,340us-gaap_DepreciationNonproduction
Advertising 173us-gaap_AdvertisingExpense 172us-gaap_AdvertisingExpense 361us-gaap_AdvertisingExpense 349us-gaap_AdvertisingExpense
OREO and other repossessed assets, net 349us-gaap_ForeclosedRealEstateExpense 397us-gaap_ForeclosedRealEstateExpense 425us-gaap_ForeclosedRealEstateExpense 555us-gaap_ForeclosedRealEstateExpense
ATM and debit card interchange transaction fees 255us-gaap_OtherCostAndExpenseOperating 358us-gaap_OtherCostAndExpenseOperating 593us-gaap_OtherCostAndExpenseOperating 585us-gaap_OtherCostAndExpenseOperating
Postage and courier 114us-gaap_PostageExpense 110us-gaap_PostageExpense 218us-gaap_PostageExpense 207us-gaap_PostageExpense
Amortization of CDI 0us-gaap_AmortizationOfIntangibleAssets 29us-gaap_AmortizationOfIntangibleAssets 3us-gaap_AmortizationOfIntangibleAssets 58us-gaap_AmortizationOfIntangibleAssets
State and local taxes 119us-gaap_CurrentStateAndLocalTaxExpenseBenefit 121us-gaap_CurrentStateAndLocalTaxExpenseBenefit 236us-gaap_CurrentStateAndLocalTaxExpenseBenefit 238us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Professional fees 223us-gaap_ProfessionalFees 211us-gaap_ProfessionalFees 399us-gaap_ProfessionalFees 394us-gaap_ProfessionalFees
Federal Deposit Insurance Corporation (FDIC) insurance 148us-gaap_FederalDepositInsuranceCorporationPremiumExpense 160us-gaap_FederalDepositInsuranceCorporationPremiumExpense 308us-gaap_FederalDepositInsuranceCorporationPremiumExpense 321us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Other insurance 38us-gaap_GeneralInsuranceExpense 40us-gaap_GeneralInsuranceExpense 75us-gaap_GeneralInsuranceExpense 79us-gaap_GeneralInsuranceExpense
Loan administration and foreclosure 76us-gaap_LoanPortfolioExpense 138us-gaap_LoanPortfolioExpense 119us-gaap_LoanPortfolioExpense 248us-gaap_LoanPortfolioExpense
Data processing and telecommunications 471us-gaap_InformationTechnologyAndDataProcessing 329us-gaap_InformationTechnologyAndDataProcessing 850us-gaap_InformationTechnologyAndDataProcessing 659us-gaap_InformationTechnologyAndDataProcessing
Deposit operations 219us-gaap_OperatingExpenses 225us-gaap_OperatingExpenses 395us-gaap_OperatingExpenses 423us-gaap_OperatingExpenses
Other 434us-gaap_OtherNoninterestExpense 383us-gaap_OtherNoninterestExpense 790us-gaap_OtherNoninterestExpense 726us-gaap_OtherNoninterestExpense
Total non-interest expense 6,654us-gaap_NoninterestExpense 6,754us-gaap_NoninterestExpense 12,928us-gaap_NoninterestExpense 12,995us-gaap_NoninterestExpense
Income before federal income taxes 2,127us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 1,696us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 4,679us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 4,109us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Provision for federal income taxes 676us-gaap_IncomeTaxExpenseBenefit 537us-gaap_IncomeTaxExpenseBenefit 1,501us-gaap_IncomeTaxExpenseBenefit 1,339us-gaap_IncomeTaxExpenseBenefit
Net income 1,451us-gaap_NetIncomeLoss 1,159us-gaap_NetIncomeLoss 3,178us-gaap_NetIncomeLoss 2,770us-gaap_NetIncomeLoss
Preferred stock dividends 0us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact (136)us-gaap_PreferredStockDividendsIncomeStatementImpact
Preferred stock discount accretion 0us-gaap_PreferredStockAccretionOfRedemptionDiscount 0us-gaap_PreferredStockAccretionOfRedemptionDiscount 0us-gaap_PreferredStockAccretionOfRedemptionDiscount (70)us-gaap_PreferredStockAccretionOfRedemptionDiscount
Net income to common shareholders $ 1,451us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,159us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,178us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 2,564us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income per common share        
Basic (in dollars per share) $ 0.21us-gaap_EarningsPerShareBasic $ 0.17us-gaap_EarningsPerShareBasic $ 0.46us-gaap_EarningsPerShareBasic $ 0.37us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.21us-gaap_EarningsPerShareDiluted $ 0.16us-gaap_EarningsPerShareDiluted $ 0.45us-gaap_EarningsPerShareDiluted $ 0.37us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding        
Basic (in shares) 6,898,192us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,856,633us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,895,038us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,855,142us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 7,071,792us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,033,979us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,067,621us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,005,877us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends paid per common share (in dollars per share) $ 60us-gaap_CommonStockDividendsPerShareCashPaid $ 0.00us-gaap_CommonStockDividendsPerShareCashPaid $ 110.00us-gaap_CommonStockDividendsPerShareCashPaid $ 70.00us-gaap_CommonStockDividendsPerShareCashPaid