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Timberland Bancorp
Timberland Bancorp

-5.97%

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Timberland Bancorp is a financial holding company that offers a variety of banking and financial services to individuals and businesses. The company was founded in 1915 and is headquartered in Hoquiam, Washington.
The company operates through its subsidiary, Timberland Bank, which provides traditional banking services such as deposits, loans, and trust services. Timberland Bank has locations in Washington state and has a strong presence in the Puget Sound region.
In addition to traditional banking services, Timberland Bank also offers wealth management and insurance services through its subsidiaries, Timberland Financial Services and Timberland Insurance.
Timberland Bancorp is a publicly traded company on the Nasdaq stock exchange under the ticker symbol TSBK. The company has consistently received high customer satisfaction ratings and has a strong financial performance.
Timberland Bancorp is committed to being a responsible corporate citizen and supports various community and charitable organizations through donations and employee volunteerism. The company also prioritizes environmental sustainability in its operations.

What is special about the company?

1. Community Bank: Timberland Bancorp is a community bank that has been serving its local communities since 1915. This makes it a trusted and established financial institution in the communities it operates in.
2. Strong Financial Performance: The company has a strong financial performance, with consistent revenue and earnings growth over the years. This shows the stability and reliability of the company.
3. Customer-Centric Approach: Timberland Bancorp focuses on providing exceptional customer service and building long-term relationships with its customers. This has helped the company to become one of the leading banks in its market.
4. Diversified Products and Services: The company offers a wide range of financial products and services to meet the diverse needs of its customers. From personal banking to business banking and lending, Timberland Bancorp provides a comprehensive suite of financial solutions.
5. Commitment to Sustainability: Timberland Bancorp is committed to environmental sustainability and has implemented various initiatives to reduce its environmental impact, such as recycling, energy conservation, and paperless options for customers.
6. Corporate Social Responsibility: The company is also dedicated to giving back to the community through various charitable and community-oriented initiatives, demonstrating its commitment to social responsibility.
7. Strong Corporate Governance: Timberland Bancorp has a strong commitment to corporate governance and has been recognized for its transparent and ethical business practices.
8. Technology and Innovation: The company has embraced technology and innovation to enhance its services and stay competitive in the market. This includes offering online and mobile banking services, as well as investing in new technology to improve its operations.
9. Strong Leadership: The company has a strong management team with years of experience and expertise in the banking industry. This has helped the company to navigate through challenging economic times and achieve sustained growth.
10. Employee Satisfaction: Timberland Bancorp has a strong focus on employee satisfaction and has been recognized for having a positive work culture and providing career development opportunities for its employees. This has resulted in a loyal and motivated workforce, which translates to better customer service.

What the company's business model?

Timberland Bancorp is a community bank that operates in the United States, primarily in the states of Washington, Oregon, and Colorado. Their business model is based on providing various financial services, including personal and business banking, loans, insurance, and investment options to individuals and businesses within their local communities.
The company's business model is centered around relationship banking, where they aim to build long-term relationships with their customers by understanding their needs and providing personalized solutions. They also focus on community involvement and support, with a strong commitment to local organizations and charities.
In addition, Timberland Bancorp operates with a conservative and disciplined approach to financial management, which has helped them maintain a strong financial position and continue to grow and expand their services.
Overall, their business model revolves around being a trusted and reliable financial partner for their local communities, while maintaining sustainable growth and profitability.

Interesting facts about the company

1. Timberland Bancorp is a publicly traded bank holding company and is listed on the NASDAQ stock exchange under the ticker symbol TSBK.
2. The company was founded in 1915 as the Hoquiam Savings and Loan Association, which provided mortgage loans and savings accounts to residents of Hoquiam, Washington.
3. In 1981, the company changed its name to Timberland Savings Bank and expanded its services to include commercial banking, consumer lending, and business financing.
4. Timberland Bancorp operates 24 full-service branches in communities across Washington state, including Tacoma, Seattle, and Olympia.
5. In addition to traditional banking services, Timberland Bancorp also offers digital and mobile banking options, as well as wealth management and trust services.
6. The company has been consistently profitable since its inception and has never reported a loss, even during economic downturns.
7. Timberland Bancorp has received numerous awards and recognitions for its financial performance and community involvement, including being named one of the most consistent top-performing banks in the nation by American Banker Magazine.
8. The bank is known for its strong commitment to community development and has invested over $100 million in affordable housing and community development projects since 1995.
9. Timberland Bancorp’s corporate headquarters is located in Hoquiam, Washington, and the company employs over 300 people.
10. As of 2021, the company has total assets of over $1.5 billion and continues to grow and expand its services to meet the needs of its customers.

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