Name

Timberland Bancorp

Legal name

Timberland Bancorp, Inc.

Website

https://timberlandbank.com

Company type

Public

Founded year

1915

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Hoquiam

HQ country

United States

HQ region

North America

Offices24 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue source from interest earned on loans including commercial real estate, construction loans, residential mortgages, and consumer loans. The bank maintains a loan book of nearly $1.5 billion with exceptionally low loan loss provisions of just $35,000, indicating high-quality lending operations.
2. Non-Interest Income: Fee income from deposit services, loan origination fees, mortgage banking activities, and other banking services including cash management, merchant services, and note servicing.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Timberland Bancorp is the holding company for Timberland Bank, a community bank providing personal and business deposit accounts (checking, savings, money market, CDs, HSAs), residential mortgages, construction-to-permanent loans, home equity products, commercial real estate financing, SBA loans, and consumer lending. Operations are delivered through 24 branches across Western Washington complemented by online banking, mobile app, bill pay, Zelle, and cash management services including merchant services, remote deposit, and ACH transactions.

Product overview

Timberland Bank operates as a community bank offering a comprehensive suite of banking products through a single integrated platform. The core offerings include personal and business checking and savings accounts, online/mobile banking, and debit/credit cards. The lending portfolio spans personal mortgages (home loans, construction loans, home equity products, refinancing), business banking (business loans, SBA programs, commercial real estate, lines of credit), and consumer loans (auto, boat, RV). Ancillary services include Cash Management with merchant services and Autobooks, Note Servicing for private contracts, Timberland Escrow, and an online giving platform through Spiral integration. The bank also provides financial calculators and SBA lending programs (7(a), 504, Express). With 24 branch locations across Western Washington and $2+ billion in assets, the bank maintains local loan servicing rather than selling servicing rights.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Personal deposit products and services including checking accounts, savings accounts, Health Savings Accounts, debit MasterCard with rewards, and certificates of deposit for individual retail consumers.
• Online and Mobile Banking Digital banking platform providing 24-hour phone banking, online bill pay, mobile app access, and account management for both personal and business customers.
• Business Checking Business checking accounts designed for transaction management with multiple options tailored to different business sizes and needs, including online banking access.
• Cash Management Comprehensive business cash management solution providing merchant services, remote deposit capture, ACH transactions, Autobooks invoicing and payment, and Insured Cash Sweep accounts enabling FDIC coverage up to $100 million.
• Home Loans Residential mortgage products including home purchase financing, construction-to-permanent loans, FHA, USDA, and VA government-backed loans, manufactured home loans, and land loans.
• Construction Loans Two-step construction loans up to 80% LTV with interest-only payments during construction phase and conversion to permanent financing; includes construction-to-permanent, owner-builder, contractor-managed construction, and land loan programs with digital draw management via Built Technologies.
• Home Equity Loans Home equity installment loans with fixed rates and predictable monthly payments for home improvements, debt consolidation, or other personal financing needs.
• Home Equity Line of Credit Flexible revolving credit line secured by home equity, allowing borrowers to draw funds as needed over a set period with check access, in-person withdrawals, and online transfers.
• Refinance Mortgage refinancing options to lower interest rates, reduce loan terms, decrease monthly payments, or consolidate debt using existing home equity.
• SBA Loans Small Business Administration loan programs including SBA 7(a) for working capital, SBA 504 for real estate and equipment, and SBA Express for expedited financing, offered under SBA Preferred Lender status with government backing, longer terms, and lower down payments.
• Business Loans Comprehensive business financing including secured term loans, business acquisition financing, commercial real estate loans, commercial construction loans, and business lines of credit for small and mid-sized businesses.
• Consumer Loans Personal loans for auto, boats, RVs, and other major purchases, offered with flexible rates and terms to individual borrowers.
• Personal Credit Card MasterCard credit cards offered through a partnership arrangement, featuring zero fraud liability protection for personal consumer use.
• Business Credit Cards Business MasterCard credit cards available through partnerships with ELAN Financial Services and TIB for commercial customers.
• Note Servicing Professional note servicing and record-keeping for private contracts secured by real estate, personal assets, or unsecured notes; services include payment collection, IRS interest reporting, and tax statements.
• Timberland Escrow Escrow services for real estate transactions, acting as an independent third party to ensure contract conditions are fulfilled; includes private purchase and sale transactions, headed by SVP Melissa Richards.
• Timberland Financial Services Financial planning and advisory services offered to personal banking customers.

Quantifiable outcome

• 20% increase in net income to $29.16 million for fiscal year 2025
• +4 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Small Business Administration (SBA)coreGTM or Marketing PartnerSBA Preferred Lender offering SBA 7(a), SBA 504, and SBA Express loan programs to help small businesses access financing with government backing, longer terms, and lower down payments than conventional loans.
• Built Technologies, Inc.coreTechnology or IntegrationConstruction loan draw management platform providing digital transparency for construction financing. Manages draw requests, inspection scheduling, and fund disbursements throughout construction projects.
• ELAN Financial ServicesminorChannel Partner/ Reseller/ DistributorPartnership for business credit card issuance providing commercial card products to business customers.
• TIBminorChannel Partner/ Reseller/ DistributorBusiness credit card partnership providing commercial card products through TIB's card issuing platform.
• LeaderOne Financial CorporationminorChannel Partner/ Reseller/ DistributorGovernment loan program partnership for FHA, USDA, and VA loan origination through LeaderOne's government lending platform.
• Northwest Construction Control, Inc. (NWCC)coreTechnology or IntegrationThird-party inspection services for construction loans ensuring independent verification of construction progress and completed work for draw disbursements.
• Bloodworks NorthwestminorGTM or Marketing PartnerCommunity partnership hosting blood drives at branch locations to support local healthcare needs.
• Habitat for HumanityminorGTM or Marketing PartnerOngoing partnership with local Habitat for Humanity organizations to help build housing in communities, including employee volunteer participation in construction projects.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Regional players

• People's Bank of Commerce: Oregon-based community bank with Pacific NW focus and similar community-banking product mix. Comparable size profile and target market within the broader Pacific NW region.

Direct peers

• Mercantile Bank Corporation: Michigan-based community bank with similar asset profile and commercial-banking focus (CRE, C&I, residential). Highly comparable operating model and product set as a regional full-service community bank.
• Glacier Bancorp: Multi-state community bank holding company of comparable size profile, recognized for sustained performance and conservative credit. Operates a branch-based community banking model with similar product mix and disciplined underwriting.
• Sound Financial Bancorp: Washington-based community bank focused on Pacific NW deposit gathering and lending. Comparable asset size and similar community-banking operating model with branch-based distribution.
• Heritage Financial Corporation: Pacific NW (Washington/Oregon) community bank with overlapping service area and similar asset base. Operates comparable products: deposit accounts, CRE, construction, and residential lending.
• First Financial Northwest: Washington-state community bank with comparable deposit/loan profile and PAC NW focus. Most direct peer by geography and asset size — both operate as full-service community banks serving similar Western Washington markets.
• TowneBank: Virginia-based community bank offering the full retail-commercial-mortgage stack with comparable operating metrics. Same community-bank operating playbook with branch network and relationship lending.
• Northrim BanCorp: Alaska-based community bank with Pacific Northwest presence, similar asset size, and overlapping focus on CRE, construction, and small-business lending. Both operate in branch-driven community banking models.

Broad incumbents

• Umpqua Holdings Corporation: Larger Pacific NW bank with significant Western Washington branch overlap. Broader commercial and wealth management capabilities but competes in the same geographic footprint for retail and commercial relationships.
• Columbia Banking System: Major Pacific NW bank headquartered in Tacoma, WA — overlapping geography with Timberland's Pierce/Thurston County branches. Larger scale with broader product set, but the bank's regional lending footprint makes it a direct competitive incumbent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/TimberlandBank
• YouTubeyoutube.com/channel/UC5nti4B6jVq74pEJ3a0lwqw
• Facebookfacebook.com/TimberlandBank
• LinkedInlinkedin.com/company/timberland-bank
• Instagraminstagram.com/timberlandbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Timberland Bancorp