Timberland Bancorp Inc (TSBK) - Net Assets
Based on the latest financial reports, Timberland Bancorp Inc (TSBK) has net assets worth $268.41 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.01 Billion) and total liabilities ($1.74 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Timberland Bancorp Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $268.41 Million |
| % of Total Assets | 13.38% |
| Annual Growth Rate | 8.82% |
| 5-Year Change | 26.93% |
| 10-Year Change | 171.2% |
| Growth Volatility | 43.1 |
Timberland Bancorp Inc - Net Assets Trend (1997–2025)
This chart illustrates how Timberland Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Timberland Bancorp Inc for the complete picture of this company's asset base.
Annual Net Assets for Timberland Bancorp Inc (1997–2025)
The table below shows the annual net assets of Timberland Bancorp Inc from 1997 to 2025. For live valuation and market cap data, see Timberland Bancorp Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $262.61 Million | +7.01% |
| 2024-09-30 | $245.41 Million | +5.29% |
| 2023-09-30 | $233.07 Million | +6.64% |
| 2022-09-30 | $218.57 Million | +5.64% |
| 2021-09-30 | $206.90 Million | +10.27% |
| 2020-09-30 | $187.63 Million | +9.68% |
| 2019-09-30 | $171.07 Million | +37.23% |
| 2018-09-30 | $124.66 Million | +12.30% |
| 2017-09-30 | $111.00 Million | +14.63% |
| 2016-09-30 | $96.83 Million | +8.57% |
| 2015-09-30 | $89.19 Million | +7.74% |
| 2014-09-30 | $82.78 Million | -7.70% |
| 2013-09-30 | $89.69 Million | -0.70% |
| 2012-09-30 | $90.32 Million | +4.77% |
| 2011-09-30 | $86.20 Million | +0.93% |
| 2010-09-30 | $85.41 Million | -2.05% |
| 2009-09-30 | $87.20 Million | +16.51% |
| 2008-09-30 | $74.84 Million | +0.39% |
| 2007-09-30 | $74.55 Million | -6.07% |
| 2006-09-30 | $79.36 Million | +6.33% |
| 2005-09-30 | $74.64 Million | +2.51% |
| 2004-09-30 | $72.82 Million | -6.18% |
| 2003-09-30 | $77.61 Million | +4.32% |
| 2002-09-30 | $74.40 Million | +3.60% |
| 2001-09-30 | $71.81 Million | -0.70% |
| 2000-09-30 | $72.31 Million | +0.16% |
| 1999-09-30 | $72.20 Million | -11.74% |
| 1998-09-30 | $81.80 Million | +231.91% |
| 1997-09-30 | $24.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Timberland Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 860.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $236.61 Million | 90.10% |
| Common Stock | $26.30 Million | 10.02% |
| Other Comprehensive Income | $-298.00K | -0.11% |
| Total Equity | $262.61 Million | 100.00% |
Timberland Bancorp Inc Competitors by Market Cap
The table below lists competitors of Timberland Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hansae Co
KO:105630
|
$307.99 Million |
|
NCT Alliance Bhd
KLSE:0056
|
$308.04 Million |
|
Changzhou Tiansheng New Materials Co Ltd
SHE:300169
|
$308.15 Million |
|
LTC Co.Ltd
KQ:170920
|
$308.16 Million |
|
Drugs Made In America Acquisition Corp. Units
NASDAQ:DMAAU
|
$307.76 Million |
|
Oneconnect Financial Technology Co
NYSE:OCFT
|
$307.70 Million |
|
3I Group PLC
LSE:III
|
$307.70 Million |
|
Crowell Development Corp
TW:2528
|
$307.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Timberland Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 245,413,000 to 262,614,000, a change of 17,201,000 (7.0%).
- Net income of 29,161,000 contributed positively to equity growth.
- Dividend payments of 8,085,000 reduced retained earnings.
- Share repurchases of 5,759,000 reduced equity.
- Other comprehensive income decreased equity by 318,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $29.16 Million | +11.1% |
| Dividends Paid | $8.09 Million | -3.08% |
| Share Repurchases | $5.76 Million | -2.19% |
| Other Comprehensive Income | $-318.00K | -0.12% |
| Other Changes | $2.20 Million | +0.84% |
| Total Change | $- | 7.01% |
Book Value vs Market Value Analysis
This analysis compares Timberland Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.66x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-09-30 | $1.86 | $40.37 | x |
| 1998-09-30 | $6.74 | $40.37 | x |
| 1999-09-30 | $7.15 | $40.37 | x |
| 2000-09-30 | $8.03 | $40.37 | x |
| 2001-09-30 | $8.41 | $40.37 | x |
| 2002-09-30 | $9.23 | $40.37 | x |
| 2003-09-30 | $9.70 | $40.37 | x |
| 2004-09-30 | $9.43 | $40.37 | x |
| 2005-09-30 | $10.26 | $40.37 | x |
| 2006-09-30 | $10.90 | $40.37 | x |
| 2007-09-30 | $10.68 | $40.37 | x |
| 2008-09-30 | $11.40 | $40.37 | x |
| 2009-09-30 | $13.17 | $40.37 | x |
| 2010-09-30 | $12.72 | $40.37 | x |
| 2011-09-30 | $12.78 | $40.37 | x |
| 2012-09-30 | $13.32 | $40.37 | x |
| 2013-09-30 | $13.02 | $40.37 | x |
| 2014-09-30 | $11.79 | $40.37 | x |
| 2015-09-30 | $12.62 | $40.37 | x |
| 2016-09-30 | $13.63 | $40.37 | x |
| 2017-09-30 | $15.04 | $40.37 | x |
| 2018-09-30 | $16.56 | $40.37 | x |
| 2019-09-30 | $20.20 | $40.37 | x |
| 2020-09-30 | $22.28 | $40.37 | x |
| 2021-09-30 | $24.50 | $40.37 | x |
| 2022-09-30 | $26.07 | $40.37 | x |
| 2023-09-30 | $28.26 | $40.37 | x |
| 2024-09-30 | $30.37 | $40.37 | x |
| 2025-09-30 | $33.02 | $40.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Timberland Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.39%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.66x
- Recent ROE (11.10%) is above the historical average (8.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 13.51% | 32.58% | 0.05x | 8.58x | $864.39K |
| 1998 | 6.23% | 22.98% | 0.08x | 3.25x | $-3.08 Million |
| 1999 | 7.20% | 21.94% | 0.08x | 4.25x | $-2.02 Million |
| 2000 | 8.15% | 19.59% | 0.08x | 5.09x | $-1.33 Million |
| 2001 | 7.61% | 15.78% | 0.09x | 5.38x | $-1.72 Million |
| 2002 | 9.26% | 19.73% | 0.08x | 5.79x | $-548.60K |
| 2003 | 8.55% | 19.68% | 0.08x | 5.79x | $-1.12 Million |
| 2004 | 7.67% | 17.94% | 0.07x | 6.32x | $-1.69 Million |
| 2005 | 8.87% | 17.88% | 0.07x | 7.41x | $-846.20K |
| 2006 | 10.28% | 19.56% | 0.07x | 7.27x | $220.50K |
| 2007 | 10.95% | 17.04% | 0.07x | 8.65x | $708.30K |
| 2008 | 5.35% | 8.43% | 0.07x | 9.11x | $-3.48 Million |
| 2009 | -0.28% | -0.53% | 0.07x | 8.05x | $-8.96 Million |
| 2010 | -2.68% | -5.15% | 0.06x | 8.70x | $-10.83 Million |
| 2011 | 1.26% | 2.74% | 0.05x | 8.56x | $-7.53 Million |
| 2012 | 5.08% | 11.77% | 0.05x | 8.16x | $-4.44 Million |
| 2013 | 5.30% | 12.48% | 0.05x | 8.31x | $-4.21 Million |
| 2014 | 7.07% | 16.22% | 0.05x | 9.01x | $-2.43 Million |
| 2015 | 9.30% | 21.60% | 0.05x | 9.15x | $-626.70K |
| 2016 | 10.49% | 23.53% | 0.05x | 9.21x | $470.60K |
| 2017 | 12.76% | 29.50% | 0.05x | 8.58x | $3.07 Million |
| 2018 | 13.41% | 32.43% | 0.05x | 8.17x | $4.26 Million |
| 2019 | 14.04% | 35.99% | 0.05x | 7.29x | $6.91 Million |
| 2020 | 12.93% | 34.77% | 0.04x | 8.35x | $5.51 Million |
| 2021 | 13.33% | 40.20% | 0.04x | 8.66x | $6.89 Million |
| 2022 | 10.80% | 35.05% | 0.04x | 8.51x | $1.74 Million |
| 2023 | 11.63% | 31.09% | 0.05x | 7.89x | $3.81 Million |
| 2024 | 9.89% | 23.91% | 0.05x | 7.84x | $-258.30K |
| 2025 | 11.10% | 26.39% | 0.05x | 7.66x | $2.90 Million |
Industry Comparison
This section compares Timberland Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $440,258,400
- Average return on equity (ROE) among peers: 5.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Timberland Bancorp Inc (TSBK) | $268.41 Million | 13.51% | 6.47x | $307.88 Million |
| Ameris Bancorp (ABCB) | $194.96 Million | -21.43% | 11.43x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $239.36 Million | -1.64% | 9.06x | $5.70 Billion |
| ACNB Corporation (ACNB) | $59.86 Million | 13.07% | 8.12x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $359.40 Million | 14.66% | 8.44x | $647.19 Million |
| Amalgamated Bank (AMAL) | $563.88 Million | 9.39% | 11.55x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $747.42 Million | 6.13% | 9.87x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $73.90 Million | 14.88% | 10.25x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $70.00 Million | 10.43% | 10.20x | $62.60 Million |
About Timberland Bancorp Inc
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate loans, and lan… Read more