Timberland Bancorp, Inc. (TSBK) SEC Filings & Earnings Calls

Credit loss risk

“Provision for credit losses - loans $1,140 $640”

Interest rate risk

“Unrealized holding loss on investment securities available for sale, net of income taxes of $(216), $(28), $(231), and $(212) respectively (817) (105) (869) (795)” · word for word

Credit quality remains stable but non-performing assets ratio slightly elevated YoY

“Non-performing assets to total assets ratio was 0.43% at June 30, 2026, compared to 0.47% at March 31, 2026, and 0.21% at March 31, 2025” · word for word

Credit risk from commercial real estate and construction loans

“Commercial real estate loans $611,117 (39.0% of total loans) and construction loans $215,060 (13.7% of total loans) at March 31, 2026.”

Interest rate risk from securities portfolio

“Gross unrealized losses on held-to-maturity securities $4,318k and available-for-sale securities $788k at March 31, 2026.”

Deposit mix shift risk

“Non-interest-bearing deposits decreased from $430,685k to $407,980k (-5.3% QoQ) while interest-bearing deposits increased.”

Non-performing assets ratio increased to 0.47% from 0.23% due to isolated participation loan.

“Non-performing assets to total assets ratio was 0.47% at March 31, 2026, compared to 0.23% at December 31, 2025.” · word for word

Net interest margin down 4 bps QoQ; Fed rate cuts beginning to affect margin.

“We are beginning to see those cuts have a more direct effect on our margin.” · word for word

Credit risk from construction loans

“Construction loans include $11.9M in Watch and $0.6M in Substandard categories as of December 31, 2025.”

Interest rate risk on securities portfolio

“Gross unrealized losses on held-to-maturity securities totaled $4.29M at December 31, 2025, primarily due to interest rate changes.”

Credit quality remains strong with net recoveries and low NPAs, but slight increase in NPA ratio YoY.

“Non-performing assets to total assets ratio was 0.23% at December 31, 2025, compared to 0.16% at December 31, 2024” · word for word

Concentration risk in local real estate markets

“Knowledge of Local Real Estate Markets is listed as a director qualification, indicating significant exposure to local real estate conditions.”

Regulatory compliance cost

“The Board ensures that all significant risk-taking activities are covered by written policies ... governed by a complex framework of federal and state law and regulation.” · word for word

Credit loss provision increase

“Total provision for credit losses - net 934 1,151 2,132” · word for word

Interest rate risk

“Net interest margin declined from 3.95% in FY2023 to 3.76% in FY2025, indicating sensitivity to rate changes.”

NPA ratio increased modestly to 0.23%.

“Non-performing assets ratio increased to 0.23% from 0.21% in prior quarter.”