Timberland provisioned $200,000 to its loan loss allowance during the quarter ended December 31, 2012 compared to $900,000 in the preceding quarter and $650,000 in the comparable quarter one year ago. Net charge-offs for the first fiscal quarter decreased to $256,000 compared to $679,000 for the preceding quarter and $624,000 for the comparable quarter one year ago. Net charge-offs during the current quarter were reduced by recoveries of $240,000 on loans previously charged off.Total delinquent loans (past due 30 days or more) and non-accrual loans decreased 18% to $25.0 million at December 31, 2012 from $30.4 million at September 30, 2012 and decreased 49% from $49.1 million one year ago. The non-performing assets to total assets ratio decreased to 5.13% at December 31, 2012 compared to 5.19% three months earlier and 5.55% one year ago.
Timberland Bancorp EPS Increases 40% To $0.21 For First Fiscal Quarter
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