This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Timberland Bancorp EPS Increases 40% To $0.21 For First Fiscal Quarter

Total shareholders' equity increased $1.58 million to $91.90 million at December 31, 2012, from $90.32 million at September 30, 2012. The increase in shareholders' equity was primarily a result of net income for the quarter. Book value per common share increased to $10.73 and tangible book value per common share increased to $9.90 at December 31, 2012.

Operating Results

Fiscal first quarter operating revenue (net interest income before provision for loan losses, plus non-interest income excluding OTTI charges and valuation allowances or recoveries on mortgage servicing rights ("MSRs")), decreased 3% to $8.86 million from $9.12 million for the preceding quarter and increased 2% from the $8.72 million for the comparable quarter one year ago.

Net interest income decreased 1% to $6.39 million for the quarter ended December 31, 2012 from $6.46 million for the preceding quarter and increased 1% from $6.30 million for the comparable quarter one year ago. The net interest margin for the current quarter decreased to 3.78% from 3.83% for the preceding quarter and increased from 3.73% for the comparable quarter one year ago.

Non-interest income increased 8% to $2.72 million for the quarter ended December 31, 2012, from $2.50 million in the preceding quarter and increased 11% from $2.44 million for the comparable quarter one year ago. The increase in non-interest income compared to the preceding quarter was primarily due to a $388,000 net increase in the valuation adjustment on the Bank's MSRs, which was partially offset by $107,000 decrease in gain on sale of loans. The $388,000 net increase in the valuation adjustment was comprised of a $254,000 recovery in the current quarter and a $134,000 allowance in the preceding quarter. The decrease in gains on sale of loans was primarily due to a decrease in the dollar volume of fixed-rate one-to four-family loans sold during the current quarter.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,031.96 -48.18 -0.27%
S&P 500 2,108.83 -8.86 -0.42%
NASDAQ 5,054.2710 -37.8140 -0.74%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs