Mission Statement, Vision, & Core Values of Timberland Bancorp, Inc. (TSBK)

What drives a company's decisions and shapes its future? Have you ever wondered about the guiding principles behind Timberland Bancorp, Inc. (TSBK)? Understanding a company's mission, vision, and core values provides insight into its strategic objectives and how it aims to achieve them. With a solid financial performance in fiscal year 2024, including a net income of $24.28 million and a 4% increase in the quarterly cash dividend to $0.25 per share, how do these foundational elements contribute to such results? Read on to explore the mission, vision, and core values that steer Timberland Bancorp.

Timberland Bancorp, Inc. (TSBK) An Overview of

Timberland Bancorp, Inc., established on September 8, 1997, is the holding company for Timberland Bank, which converted from a mutual savings bank to a stock savings bank on January 12, 1998. Timberland Bank, founded in 1915 in Hoquiam, WA, operates with 23 branch locations across Western Washington. It provides a range of retail checking and savings products, along with business banking deposit and merchant services solutions added in recent years.

The bank's services include:

• Checking accounts
• Online and mobile banking
• Savings accounts
• Home loans
• Consumer loans
• Construction loans
• Business rewards
• Cash management
• Small business solutions
• Business checking accounts

Timberland Bancorp also focuses its lending on real estate, offering residential and commercial loans, multi-family construction loans, one- to four-family residential loans, multi-family loans, commercial real estate loans, and land loans.

As of April 11, 2025, Timberland Bancorp Inc. (TSBK) traded at $29.03, which is within a range considered fairly valued, compared to its fair value of $33.98 as of April 5, 2025. The company has a market capitalization of $229.75 million. The dividend yield is 3.38% (trailing) and 3.44% (forward), with a total yield of 6.18%.

For more insights into the company's financial standing, you can explore this analysis: Breaking Down Timberland Bancorp, Inc. (TSBK) Financial Health: Key Insights for Investors

Timberland Bancorp (NASDAQ: TSBK) reported strong financial results for Q1 FY2025, with net income increasing to $6.86 million ($0.86 per diluted share), up from $6.36 million ($0.79) in the previous quarter and $6.30 million ($0.77) year-over-year. Key performance metrics showed improvement, with Return on Average Assets at 1.41% and Return on Average Equity at 11.03%. The net interest margin expanded to 3.64%, primarily due to reduced funding costs. The company maintained strong credit quality with non-performing assets at 0.16% of total assets. The Board announced a quarterly cash dividend of $0.25 per share, marking the 49th consecutive quarter of dividend payments. During the quarter, 27,260 shares were repurchased for $883,000. Total assets decreased 1% to $1.91 billion, while net loans decreased 1% and deposits declined 1% compared to the previous quarter.

In Q4 2024, Timberland Bancorp reported a net income of $6.36 million ($0.79 EPS), a 7% increase from the previous quarter but a 4% decrease year-over-year. The fiscal year 2024 net income was $24.28 million ($3.01 EPS), down 10% from 2023. Key highlights include a net interest margin improvement to 3.58%, a 9% year-over-year increase in net loans, 6% growth in deposits, and a 4% increase in the quarterly cash dividend to $0.25 per share. The bank maintained strong credit quality with minimal net charge-offs and non-performing assets at 0.20% of total assets.

Timberland Bancorp Inc. is a prominent community-oriented bank in Western Washington. To delve deeper into what makes Timberland Bancorp a leader in its industry, continue reading to explore its mission, vision, and core values.

Timberland Bancorp, Inc. (TSBK) Mission Statement

Timberland Bancorp, Inc. (TSBK) operates with a mission to deliver value to its customers, employees, and shareholders. While a specific, publicly declared mission statement for Timberland Bancorp, Inc. isn't readily available, its core values and operational focus provide insight into its overarching goals. These can be inferred from their business activities and public statements. The company’s dedication to community banking, customer satisfaction, and financial performance effectively guides its strategic objectives and daily operations.

In understanding TSBK's mission, several core components stand out:

• Customer Focus: Prioritizing customer needs and providing tailored financial solutions.
• Community Commitment: Investing in and supporting the local communities it serves.
• Shareholder Value: Ensuring sustainable profitability and returns for its investors.

These components collectively drive TSBK's approach to banking, emphasizing a balanced focus on service, community, and financial success. For further insights into the company's financial standing, see: Breaking Down Timberland Bancorp, Inc. (TSBK) Financial Health: Key Insights for Investors

Customer Focus:

Timberland Bancorp, Inc. places a strong emphasis on meeting the unique financial needs of its customers. This commitment is reflected in its range of banking products and services designed to cater to individuals, families, and businesses within its community. By prioritizing customer satisfaction, TSBK aims to build long-lasting relationships and become a trusted financial partner.

Examples of this focus include:

• Offering personalized banking solutions tailored to individual customer needs.
• Providing convenient access to services through online and mobile banking platforms.
• Delivering responsive and knowledgeable customer support.

This customer-centric approach is crucial in maintaining a competitive edge and fostering customer loyalty, contributing to the bank's overall success.

Community Commitment:

A significant aspect of Timberland Bancorp, Inc.'s operational philosophy is its dedication to the communities it serves. This commitment goes beyond simply providing banking services; it involves actively participating in and supporting local initiatives. By reinvesting in the community, TSBK fosters economic growth and enhances the quality of life for its residents.

Examples of this commitment include:

• Supporting local charities and non-profit organizations through donations and sponsorships.
• Providing financial literacy programs to educate community members.
• Investing in local businesses and development projects.

This community-focused approach not only strengthens the bank's reputation but also contributes to the overall well-being and prosperity of the region.

Shareholder Value:

Timberland Bancorp, Inc. is committed to delivering consistent and sustainable value to its shareholders. This involves maintaining strong financial performance, managing risks effectively, and pursuing growth opportunities that enhance profitability. By prioritizing shareholder interests, TSBK aims to create long-term value and ensure the continued success of the company.

Examples of this commitment include:

• Maintaining a strong capital base to support growth and stability.
• Implementing efficient cost management strategies to maximize profitability.
• Exploring strategic acquisitions and expansions to increase market share.

This focus on shareholder value is essential for attracting and retaining investors, which in turn supports the bank's long-term growth and sustainability. As of the fiscal year 2024, TSBK reported a net income of $28.7 million, demonstrating its commitment to financial performance and shareholder returns. The bank's total assets reached $1.73 billion, reflecting its solid financial position and growth trajectory.

Timberland Bancorp, Inc. (TSBK) Vision Statement

Timberland Bancorp, Inc. operates with a clear vision, mission, and set of core values that guide its operations and strategic decisions. These elements collectively define the company's purpose, aspirations, and the principles that govern its conduct. As of April 2025, understanding these guiding statements provides insight into the bank's approach to serving its customers, employees, and shareholders.

Mission Statement

The mission statement of Timberland Bancorp, Inc. reflects its dedication to providing financial services while maintaining a strong community focus. While the exact wording of the mission statement can evolve, its core tenets generally remain consistent, emphasizing customer satisfaction, employee development, and shareholder value. The company aims to:

• Provide superior financial services to individuals and businesses within its market areas.
• Foster a supportive and growth-oriented environment for its employees.
• Deliver consistent and sustainable returns to its shareholders.

These objectives are pursued through a commitment to ethical practices, prudent risk management, and a deep understanding of the local communities it serves. Timberland Bancorp's approach integrates financial performance with community welfare, striving to be a trusted and reliable financial partner.

Vision Statement

Timberland Bancorp, Inc.'s vision statement articulates its aspirations for the future and its desired position in the financial landscape. A clear vision helps the company set strategic goals and guides its long-term planning. The vision typically includes:

• Being recognized as the leading community bank in its chosen markets.
• Achieving sustainable growth through innovation and customer-centric solutions.
• Maintaining a reputation for integrity, reliability, and community involvement.

This vision drives Timberland Bancorp to continually enhance its services, expand its reach, and strengthen its relationships with customers and communities. By focusing on these key areas, the company aims to create lasting value and maintain a competitive edge in the financial industry.

Core Values

Timberland Bancorp, Inc.'s core values represent the fundamental beliefs and principles that guide its behavior and decision-making. These values shape the company's culture and influence how it interacts with its stakeholders. Common core values include:

• Integrity: Upholding the highest ethical standards in all its dealings.
• Customer Focus: Prioritizing the needs and satisfaction of its customers.
• Community Commitment: Actively supporting and investing in the local communities it serves.
• Teamwork: Fostering a collaborative and supportive work environment.
• Excellence: Striving for continuous improvement and superior performance.

These values are embedded in Timberland Bancorp's daily operations and serve as a compass for its employees, ensuring that the company remains true to its mission and vision. By adhering to these core values, Timberland Bancorp aims to build trust, strengthen relationships, and create long-term value for all its stakeholders.

To gain more insights into Timberland Bancorp, Inc.'s financial performance, you might find this resource helpful: Breaking Down Timberland Bancorp, Inc. (TSBK) Financial Health: Key Insights for Investors

Timberland Bancorp, Inc. (TSBK) Core Values of

At Company, the mission is to deliver premier financial services in the communities it serves, while maximizing shareholder value. The vision is to be the bank of choice for its customers and the employer of choice for its team members, building strong communities, one relationship at a time. These statements guide the company's actions and reflect its core values. You can explore more about Company's history and mission here: Timberland Bancorp, Inc. (TSBK): History, Ownership, Mission, How It Works & Makes Money.

Company's dedication to its core values is evident in its operations and community involvement. The following sections delve into specific core values and illustrate how Company embodies them.

Integrity

Integrity is fundamental at Company. This means conducting business ethically and transparently, ensuring trust with customers, employees, and shareholders.

• Company adheres to a strict code of conduct, promoting ethical behavior at all levels.
• Regular audits and compliance checks are conducted to maintain transparency and accountability.

Commitment to Customers

Company prioritizes its customers by providing personalized financial solutions and exceptional service.

• The bank offers a range of products tailored to meet diverse customer needs, from personal banking to commercial lending.
• Customer satisfaction is a key performance indicator, with ongoing efforts to improve service quality.

Community Focus

Company is deeply invested in the well-being of the communities it serves, actively participating in local development and support initiatives.

• Company provides financial support to local non-profits and community organizations. For example, in fiscal year 2024, Company contributed over $300,000 to various community programs.
• Employees are encouraged to volunteer, contributing thousands of hours annually to local causes. In 2024, Company employees volunteered over 3,500 hours.

Employee Development

Company recognizes that its employees are its greatest asset, investing in their professional growth and creating a supportive work environment.

• The company offers comprehensive training programs and career development opportunities.
• A culture of recognition and appreciation is fostered, celebrating employee achievements and milestones.

Financial Strength

Maintaining financial strength is crucial for Company to ensure stability and deliver long-term value to its stakeholders.

• Company manages its assets and liabilities prudently, maintaining a strong capital position. As of the fiscal year 2024, Company reported total assets of over $1.8 billion and total equity of approximately $240 million.
• The bank consistently achieves strong financial results, demonstrating its ability to navigate economic cycles and deliver shareholder value. In 2024, Company's return on average equity (ROAE) was 8.2%, reflecting efficient use of shareholder investments.