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Timberland Bank

Hoquiam, WA · Cert 28453 · Timberland Bcorp Inc.

SI · FDIC · 24 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

88

Q2 2024Q2 2026peer median (50)

Asset Quality

74

Q2 2024Q2 2026peer median (50)

Profitability

62

Q2 2024Q2 2026peer median (50)

Liquidity

92

Q2 2024Q2 2026peer median

Efficiency

66

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Timberland Bank

Hoquiam, WA · Cert 28453 · Timberland Bcorp Inc.

SI · FDIC · 24 branches

Q2 2026

$2.1BAssets
$1.5BLoans
$1.8BDeposits
$272.3MEquity
Loan mix
91%RE $1.3B8%C&I $0.1B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $1.4B23%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Olympia-Lacey-Tumwater, WA · 2026 SOD (annual) · 10.7% share · #4 of 15 inst. · $0.6B of $5.3B

10.7% Thurston
34.8% Grays Harbor
2.1% Pierce
18.9% Lewis

Executive Summary

  • Earnings: ROA of 1.47%, up 3 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.56% of loans (+30 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.85%, up 29 bps from a year ago.
  • Funding: loans stand at 86.01% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.47%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+5 bps YoY

Efficiency Ratio (YTD, annualized)

53.75%-100 bps YoY

Tier 1 Leverage Ratio

12.85%+29 bps YoY

NIM

4.99%Q2 ’245.20%Q2 ’255.18%Q2 ’26+8%+1%

Non-interest income vs. expense

2.32%Q2 ’242.29%Q2 ’252.28%Q2 ’26-1%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.31%1.42%1.45%1.54%1.57%1.42%1.47%+3 bps
Return on Equity10.09%10.39%10.92%11.13%11.82%12.01%10.73%11.13%0 bps
Net Interest Margin3.36%3.41%3.61%3.62%3.58%3.62%3.65%3.67%+5 bps
Efficiency Ratio58.02%57.39%55.64%54.75%53.99%53.50%54.74%53.75%-100 bps
Non-Interest Burden1.70%1.70%1.75%1.72%1.63%1.64%1.73%1.70%-2 bps
Growth
Asset Growth (YoY)4.55%0.76%1.33%2.97%4.64%5.06%5.91%5.32%+235 bps
Loan Growth (YoY)9.14%5.55%4.47%3.20%3.04%3.58%2.25%3.87%+67 bps
Deposit Growth (YoY)5.61%0.25%0.71%2.58%4.17%4.52%5.60%5.61%+304 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.19%0.16%0.26%0.30%0.29%0.64%0.56%+30 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.21%1.21%1.22%1.22%1.22%1.22%1.27%1.27%+4 bps
Allowance Coverage of NPLs4.5x6.3x7.5x4.7x4.1x4.2x2.0x2.2x-2.4x
Capital
Tier 1 Leverage Ratio12.01%12.23%12.49%12.56%12.46%12.67%12.85%12.85%+29 bps
Total Risk-Based Capital19.25%19.78%20.24%20.41%20.55%21.12%21.52%20.80%+38 bps
Equity / Assets12.66%12.94%13.03%13.03%12.97%13.29%13.23%13.22%+19 bps
Liquidity & Funding
Loans / Deposits87.26%87.59%87.14%87.46%86.32%86.80%84.37%86.01%-144 bps
Liquid Assets / Assets16.50%15.73%16.04%15.57%17.71%17.38%18.86%15.89%+33 bps
CRE / Total Capitaln/an/an/an/a400%385%382%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Timberland Bank

Hoquiam, WA · Cert 28453 · Peer group: banks $1B-$10B in assets (n=322-328) · Timberland Bcorp Inc.

SI · FDIC · 24 branches

Q2 2026

$2.1BAssets
$1.5BLoans
$1.8BDeposits
$272.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks $1B-$10B in assets (rank 18 of 322).
  • Widest gap: return on equity trails 54% of banks $1B-$10B in assets (rank 178 of 328).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.46%

Rank 93 of 328

Net Interest Margin

3.67%

Rank 109 of 328

Efficiency Ratio

53.91%

Rank 111 of 328

Equity / Assets

13.22%

Rank 50 of 328

Non-interest income vs. expense

$11.8M$46.3MINCOMEEXPENSE
Unfavorable gap of $34.5M · efficiency ratio beats 66% of banks $1B-$10B in assets
Bank 53.91%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.46%0.91%1.22%1.52%Beats 72%93 / 328
Return on Equity11.02%8.43%11.45%14.43%Beats 46%178 / 328
Net Interest Margin3.67%3.03%3.45%3.83%Beats 67%109 / 328
Efficiency Ratio53.91%51.61%59.56%67.53%Beats 66%111 / 328
Asset Quality
Nonperforming Loans / Loans0.56%0.24%0.51%1.03%Beats 47%173 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 100%18 / 322
Capital
Tier 1 Capital Ratio19.54%11.75%13.15%15.47%Beats 90%34 / 328
Total Risk-Based Capital Ratio20.80%12.63%14.15%16.46%Beats 90%34 / 328
Equity / Assets13.22%9.15%10.33%12.01%Beats 85%50 / 328
Liquidity & Funding
Loans / Deposits86.01%76.63%87.92%95.36%46th pctl174 / 323
Loans / Assets73.65%65.18%74.15%79.98%48th pctl170 / 328
Brokered Deposits / Depositsn/aNot reported for this institution