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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Sep. 30, 2012
Cash and cash equivalents:    
Cash and due from financial institutions $ 12,879 $ 11,008
Interest-bearing deposits in banks 81,617 85,660
Total cash and cash equivalents 94,496 96,668
Certificates of deposit (“CDs”) held for investment (at cost, which approximates fair value) 30,042 23,490
Mortgage-backed securities (“MBS”) and other investments - held to maturity, at amortized cost (estimated fair value of $3,533 and $3,632) 2,737 3,339
MBS and other investments - available for sale 4,101 4,945
Federal Home Loan Bank of Seattle (“FHLB”) stock 5,452 5,655
Loans receivable, net of allowance for loan losses of $11,136 and $11,825 546,193 537,053
Loans held for sale 1,911 1,427
Net loans receivable 548,104 538,480
Premises and equipment, net 17,764 17,886
Other real estate owned (“OREO”) and other repossessed assets, net 11,720 13,302
Accrued interest receivable 1,972 2,183
Bank owned life insurance (“BOLI”) 17,102 16,524
Goodwill 5,650 5,650
Core deposit intangible (“CDI”) 119 249
Mortgage servicing rights (“MSRs”), net 2,266 2,011
Prepaid Federal Deposit Insurance Corporation (“FDIC”) insurance assessment 0 1,186
Other assets 4,123 5,386
Total assets 745,648 736,954
Deposits:    
Non-interest-bearing demand 87,657 75,296
Interest-bearing 520,605 522,630
Total deposits 608,262 597,926
FHLB advances 45,000 45,000
Repurchase agreements 0 855
Other liabilities and accrued expenses 2,698 2,854
Total liabilities 655,960 646,635
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 16,641 shares issued and outstanding - September 30, 2012 11,936 16,229
Common stock, $0.01 par value; 50,000,000 shares authorized; 7,045,036 shares issued and outstanding 10,570 10,484
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (1,454) (1,719)
Retained earnings 68,998 65,788
Accumulated other comprehensive loss (362) (463)
Total shareholders’ equity 89,688 90,319
Total liabilities and shareholders’ equity $ 745,648 $ 736,954