Description of Timberland Bancorp Inc's Business Segments

Timberland Bancorp Inc. is a financial institution primarily engaged in providing a range of banking products and services. Founded in 1915 and headquartered in Shelton, Washington, Timberland Bancorp operates through its subsidiary Timberland Bank, which serves both individual and business clients.

Segments

1. Retail Banking: This segment caters to personal banking customers and focuses on providing services suited for individuals and families. Products under this category are designed to meet typical personal finance needs, including deposit accounts and lending services.

2. Commercial Banking: This segment serves small to medium-sized businesses, offering a variety of products tailored to meet the financial needs of business clients. This includes commercial loans and various banking services aimed at facilitating commercial operations.

3. Mortgages: Timberland Bancorp engages in residential mortgage lending, providing products that make home ownership more accessible for customers. This includes traditional mortgage products as well as refinancing options.

4. Investment Services: This segment may provide customers with access to investment products and services designed to help them grow their wealth. This could include advice on stocks, bonds, mutual funds, and other investment opportunities.

5. Treasury and Risk Management: This segment is aimed at businesses and institutions requiring sophisticated treasury management services, including cash management and risk mitigation solutions.

Products and Services

1. Deposit Products:
- Checking Accounts: Various types of checking accounts for personal and business use are offered, with features like online access, debit cards, and overdraft protection.
- Savings Accounts: Standard savings accounts, including accounts with tiered interest rates based on balance levels, incentivizing higher savings.
- Certificates of Deposit (CDs): Fixed-term savings options that provide higher interest rates in exchange for a commitment to leave money untouched for a specified period.
- Money Market Accounts: A type of savings account that typically requires a higher minimum balance but offers better interest rates, along with limited check writing capabilities.

Loan Products:
- Residential Mortgages: Traditional fixed-rate and adjustable-rate mortgages, as well as government-backed loans (e.g. FHA and VA loans).
- Home Equity Loans and Lines of Credit: Products that allow customers to borrow against the equity in their homes for various needs, such as home improvements or debt consolidation.
- Consumer Loans: Unsecured loans for personal use, often for purposes like medical expenses or purchasing vehicles.
- Commercial Loans: Loans tailored for businesses, which may include term loans and lines of credit designed for capital improvements, inventory financing, or operational costs.

Business Banking Services:
- Business Checking Accounts: Checking solutions customized for business operations, supporting various transaction sizes and providing online banking capabilities.
- Merchant Services: Payment processing solutions for businesses to accept credit and debit card payments.
- Treasury Management: Services that assist businesses in cash flow management, including receivables and payables management, fraud prevention services, and reporting tools.

Investment & Financial Planning Services:
- Wealth Management: Customized financial planning strategies, investment advisory services, and retirement planning tailored to individual client needs.
- Retirement Accounts: Products like IRAs and 401(k) plans to help customers save for retirement.

Insurance Products:
- Some banks also partner with insurance providers to offer customers options for life, health, and property insurance.

Digital Banking Services:
- Online and Mobile Banking: Convenient digital services allowing customers to manage their accounts, transfer funds, pay bills, and deposit checks through mobile apps or websites.
- ATM Access: Access to a network of ATMs for easy cash withdrawals, deposits, and account inquiries.

Community Involvement
Timberland Bancorp is also known for its commitment to community service and involvement. This includes supporting local initiatives, non-profit organizations, and providing educational resources on financial literacy to the community.

Overall, Timberland Bancorp Inc. is deeply integrated into its community, providing a comprehensive range of banking products and services tailored to individuals, families, and businesses to enrich their financial health and contribute to economic development.

(Jun 30 2024) three months ended Q3
Business Segments	Revenues (in millions $)	Income (in millions $)	% (Profit Margin)
Total	18.53	5.92	31.97 %

(Jun 30 2024) three months ended Q3
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Total	-1.96 %	1.98 %

(Jun 30 2024) three months ended Q3
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Total	-6.06 %	3.78 %

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