Timberland Bancorp, Inc. is a holding company for Timberland Savings Bank, SSB (Bank). The Company's business activities are limited to passive investment activities and oversight of its investment in the Bank. The Bank is a community-oriented bank, which offers a range of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans. Lending activities focuses on the origination of loans secured by real estate, including construction loans and land development, one- to four-family residential loans, multi-family loans, commercial real estate loans and land loans. The Company had total assets of $ 745.6 million, total deposits of $ 608.3 million and total shareholders’ equity of $89.7 million. The Bank considers Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis Counties, Washington as its market areas.