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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Sep. 30, 2014
Cash and cash equivalents:    
Cash and due from financial institutions $ 13,800,000 $ 11,818,000
Interest-bearing deposits in banks 62,373,000 60,536,000
Total cash and cash equivalents 76,173,000 72,354,000
Certificates of deposit (“CDs”) held for investment (at cost, which approximates fair value) 47,053,000 35,845,000
Investment securities - held to maturity, at amortized cost (estimated fair value $8,958 and $6,274) 8,018,000 5,298,000
Investment securities - available for sale 1,401,000 2,857,000
Federal Home Loan Bank of Des Moines (“FHLB”) stock 2,699,000 5,246,000
Loans receivable 604,843,000 575,280,000
Loans held for sale 3,835,000 899,000
Less: Allowance for loan losses (10,467,000) (10,427,000)
Total loans receivable, net 598,211,000 565,752,000
Premises and equipment, net 17,083,000 17,679,000
Other real estate owned (“OREO”) and other repossessed assets, net 8,063,000 9,092,000
Accrued interest receivable 2,132,000 1,910,000
Bank owned life insurance (“BOLI”) 18,034,000 17,632,000
Goodwill 5,650,000 5,650,000
Core deposit intangible (“CDI”) 0 3,000
Servicing Asset at Amortized Cost 1,469,000 1,684,000
Other assets 3,801,000 4,563,000
Total assets 789,787,000 745,565,000
Deposits:    
Non-interest-bearing demand 122,133,000 106,417,000
Interest-bearing 532,585,000 508,699,000
Total deposits 654,718,000 615,116,000
FHLB advances 45,000,000 45,000,000
Other liabilities and accrued expenses 2,779,000 2,671,000
Total liabilities 702,497,000 662,787,000
Shareholders’ equity    
Common stock, $.01 par value; 50,000,000 shares authorized; 7,053,636 shares issued and outstanding - June 30, 2015 7,047,336 shares issued and outstanding - September 30, 2014 10,948,000 10,773,000
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (992,000) (1,190,000)
Retained earnings 77,673,000 73,534,000
Accumulated other comprehensive loss (339,000) (339,000)
Total shareholders’ equity 87,290,000 82,778,000
Total liabilities and shareholders’ equity $ 789,787,000 $ 745,565,000