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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · Washington, the state note

Timberland Bank

Hoquiam, Washington · $2.06B in assets · beside the 8 other Washington banks between $1B and $3B

The filing

1.48%
ROA
1st of 9
52.5%
CRE / loans
8th of 9
53.9%
Efficiency
2nd of 9

Timberland Bank is the fourth largest of the 9 Washington banks between $1B and $3B, with $2.06B in assets at 30 June 2026. Loans are 86.0% of deposits, 4th of 9 against a median of 86.4%, and equity is 13.2% of assets, 3rd of 9. Loans grew +3.9% in the year, 3rd of 9, and deposits grew 5.6%; the cohort's median loan growth is +2.4%.

Noncurrent loans are 0.56% of the book, 6th of 9 against a median of 0.35%; 0.01% is 30 to 89 days past due, and the allowance covers them 2.2 times. Commercial real estate is 52.5% of loans, 8th of 9 against a median of 37.7%, and 289% of capital, below the 300% screen, with construction at 66% against the 100% screen.

Return on assets is 1.48%, the highest in the cohort against a median of 0.94%, on an efficiency ratio of 53.9%, 2nd of 9. Five years ago it was 1.67%. The question is which of these lines moves first over the next four quarters, and against which peer.

Return on assetsWA banks $1B to $3B · 30 June 2026 · higher is stronger, listed first
median 0.94% TB Timberland Bank 1.48% Bo Bank of the Pacific 1.09% CV Cashmere Valley Bank 1.09% PB Peoples Bank 0.97% YF Yakima Federal Savings & Loan Association 0.94% SC Sound Community Bank 0.88% OF Olympia Federal Savings & Loan Association 0.37% FF First Fed Bank 0.20% RB Riverview Bank -0.77%
Loans, year over yearWA banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +2.4% CV Cashmere Valley Bank +6.3% YF Yakima Federal Savings & Loan Association +4.6% TB Timberland Bank +3.9% Bo Bank of the Pacific +3.2% RB Riverview Bank +2.4% OF Olympia Federal Savings & Loan Association +1.1% SC Sound Community Bank -1.4% PB Peoples Bank -2.4% FF First Fed Bank -3.0%

SBA 7(a), FY2008 to FY2026

Timberland Bank is the 25th largest 7(a) lender into Washington of 281, with $140M across 314 loans, 1.0% of everything approved in the state (U.S. Bank, National Association leads with $933M). 9 of its 17 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Washington, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Thurston, WA$61M1st of 9610.9%-0.9 pts
Pierce, WA$24M18th of 1371.5%+0.9 pts
King, WA$14M53rd of 1930.3%+0.4 pts
Lewis, WA$7M3rd of 487.5%+4.6 pts
Snohomish, WA$7M50th of 1270.4%-1.2 pts
Mason, WA$6M6th of 396.4%+1.4 pts
Pacific, WA$5M3rd of 2513.5%quiet FY2011
Grays Harbor, WA$4M14th of 502.3%quiet FY2011
Kitsap, WA$4M25th of 831.0%-3.7 pts
Cowlitz, WA$3M20th of 482.0%quiet FY2011
Clark, WA$3M49th of 1140.3%quiet FY2011
Kittitas, WA$940K29th of 460.9%quiet FY2021
Chelan, WA$750K32nd of 500.5%quiet FY2022
4 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Retail trade47$23M16.4%0.04%295th of 2,589
Agriculture, forestry & fishing27$21M14.8%0.26%50th of 1,007
Accommodation & food services39$17M11.7%0.02%426th of 2,596
Manufacturing24$13M9.3%0.03%393rd of 2,246
Health care & social assistance28$12M8.6%0.03%346th of 2,172
7(a) lenders into Washington, share of approvals since FY2008281 lenders on record; the ten largest and Timberland Bank
UB U.S. Bank, National Association 6.9% $933M · 3,630 loans CB Columbia Bank 6.7% $907M · 2,786 loans KN KeyBank National Association 5.5% $735M · 1,921 loans Bo Bank of Hope 4.9% $658M · 702 loans LO Live Oak Banking Company 4.4% $598M · 424 loans WF Wells Fargo Bank National Associa… 3.9% $518M · 1,645 loans BB Banner Bank 3.5% $467M · 2,139 loans RL Readycap Lending, LLC 3.3% $440M · 406 loans HB Heritage Bank 3.2% $437M · 947 loans U Unibank 2.8% $384M · 420 loans TB Timberland Bank 1.0% $140M · 314 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 5 CBLR filers; owner-occupied excluded; bold marks a screen met
Timberland BankRankCohort median
Total CRE against capital, the 300% screen289%7th of 9232%
Construction against capital, the 100% screen66%8th of 924%
Construction and land development, share of loans12.1%9th of 93.9%
Non-owner-occupied nonfarm nonresidential, share of loans26.3%8th of 921.5%
Total CRE, the guidance definition, share of loans52.5%8th of 937.7%
CRE growth over 36 months, the third prong+23.8%8th of 9+4.6%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Peoples Bank$2.42B1.0%73.7%0.11%0.00%1.5%93.0%13.3%
Cashmere Valley Bank$2.32B1.1%61.4%0.35%0.38%1.1%52.6%11.1%
First Fed Bank$2.11B0.2%94.7%1.28%0.04%1.0%100.0%8.6%
Timberland Bank$2.06B1.5%53.9%0.56%0.00%1.3%86.0%13.2%
Yakima Federal Savings & Loan Association$2.00B0.9%52.4%0.28%0.00%0.6%66.6%27.7%
Riverview Bank$1.47B-0.8%83.2%0.80%0.19%1.4%86.4%11.4%
Bank of the Pacific$1.26B1.1%70.0%0.04%0.02%1.2%69.2%11.0%
Sound Community Bank$1.07B0.9%71.9%0.90%0.01%0.9%95.4%11.0%
Olympia Federal Savings & Loan Association$1.02B0.4%84.0%0.26%0.00%0.6%121.7%11.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Timberland BankCohort median
20212026Change20212026Change
Loans$1.02B$1.52B+49%$889M$1.03B+16%
Deposits$1.52B$1.76B+16%$1.47B$1.37B-7%
NPA / loans0.20%0.56%+0.36 pts0.20%0.35%+0.15 pts
Efficiency48.8%53.9%+5.1 pts65.1%71.9%+6.8 pts
ROA1.67%1.48%-0.19 pts1.13%0.94%-0.19 pts

This read was prepared for Timberland Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Timberland Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort WA banks $1B to $3B
Institution www.timberlandbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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