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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Sep. 30, 2012
Cash and cash equivalents:    
Cash and due from financial institutions $ 10,757 $ 11,008
Interest-bearing deposits in banks 71,788 85,660
Total cash and cash equivalents 82,545 96,668
Certificates of deposit (“CDs”) held for investment (at cost which approximates fair value) 26,749 23,490
Mortgage-backed securities (“MBS”) and other investments - held to maturity, at amortized cost (estimated fair value $3,639 and $3,632) 2,892 3,339
MBS and other investments - available for sale 4,370 4,945
Federal Home Loan Bank of Seattle (“FHLB”) stock 5,502 5,655
Loans receivable 553,981 548,878
Loans held for sale 2,433 1,427
Less: Allowance for loan losses (11,126) (11,825)
Total loans receivable, net 545,288 538,480
Premises and equipment, net 18,043 17,886
Other real estate owned (“OREO”) and other repossessed assets, net 15,314 13,302
Accrued interest receivable 2,015 2,183
Bank owned life insurance (“BOLI”) 16,956 16,524
Goodwill 5,650 5,650
Core deposit intangible (“CDI”) 151 249
Mortgage servicing rights (“MSRs”), net 2,333 2,011
Prepaid Federal Deposit Insurance Corporation (“FDIC”) insurance assessment 0 1,186
Other assets 4,967 5,386
Total assets 732,775 736,954
Deposits:    
Non-interest-bearing demand 83,043 75,296
Interest-bearing 513,021 522,630
Total deposits 596,064 597,926
FHLB advances 45,000 45,000
Repurchase agreements 0 855
Other liabilities and accrued expenses 2,477 2,854
Total liabilities 643,541 646,635
Shareholders’ equity    
Preferred stock, $.01 par value; 1,000,000 shares authorized; 12,065 shares, Series A, issued and outstanding - June 30, 2013 16,641 shares, Series A, issued and outstanding - September 30, 2012; redeemable at $1,000 per share 11,889 16,229
Common stock, $.01 par value; 50,000,000 shares authorized; 7,045,036 shares issued and outstanding 10,551 10,484
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (1,521) (1,719)
Retained earnings 68,665 65,788
Accumulated other comprehensive loss (350) (463)
Total shareholders’ equity 89,234 90,319
Total liabilities and shareholders’ equity $ 732,775 $ 736,954