Timberland Bank Mortgage Rates, Fees & Info

Hoquiam, WA

LEI: 254900MKY47WU65N1J56

Tax ID: 91-0260220

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Mortgage Data

Bank Data

Review & Overview

Timberland Bank is a smaller bank specializing in Home Purchase loans. Timberland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Bremerton, Aberdeen, and Shelton among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Timberland Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 3/28/24
30 Year Conventional Refi 6.26% 3/28/24
30 Year Cash-out Refi 6.49% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.25% 3/28/24
15 Year Conventional Refi 6.25% 3/28/24
15 Year Cash-out Refi 6.25% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Timberland Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Timberland Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

456

Origination Dollar Volume (All Markets)

$158,270,000

Employee count

295

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 177 $77,455,000 $437,599 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 48 $18,830,000 $392,292 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 60 $18,100,000 $301,667 $0 0.00%
Aberdeen, WA (FHA|USDA|VA) 56 $11,960,000 $213,571 $0 0.00%
Shelton, WA (FHA|USDA|VA) 26 $6,970,000 $268,077 $0 0.00%
Centralia, WA (FHA|USDA|VA) 31 $6,405,000 $206,613 $0 0.00%
Outside of Metro Areas 17 $5,635,000 $331,471 $0 0.00%
Port Angeles, WA (FHA|USDA|VA) 7 $3,595,000 $513,571 $0 0.00%
LONGVIEW, WA (FHA|USDA|VA) 9 $2,555,000 $283,889 $0 0.00%
Ellensburg, WA (FHA|USDA|VA) 5 $1,775,000 $355,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,190,000 $297,500 $0 0.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $775,000 $258,333 $0 0.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
YAKIMA, WA (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Albertville, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
MISSOULA, MT (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Moses Lake, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Timberland Bank's top markets include Seattle, Olympia, Bremerton, Aberdeen, and Shelton among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 456 $158,270,000 $347,083 $0 0.00%

    For 2018, Timberland Bank's most frequently originated type of loan was Conventional, with 456 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 321 $117,505,000 $366,059 $0 0.00%
    Refi 66 $30,190,000 $457,424 $0 0.00%
    Cash Out Refi 29 $7,615,000 $262,586 $0 0.00%
    Other 22 $1,670,000 $75,909 $0 0.00%
    Home Improvement 18 $1,290,000 $71,667 $0 0.00%

    For 2018, Timberland Bank's most frequently cited loan purpose was Home Purchase, with 321 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 456 $158,270,000 $347,083 $0 0.00%

    For 2018, Timberland Bank's most frequently cited loan duration was Other, with 456 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 192 $56,100,000 $292,188 $0 0.00%
    $100k-200k 91 $14,105,000 $155,000 $0 0.00%
    $400k-600k 72 $33,330,000 $462,917 $0 0.00%
    $100,000 or less 65 $3,905,000 $60,077 $0 0.00%
    $600k-1MM 19 $14,125,000 $743,421 $0 0.00%
    $1MM+ 17 $36,705,000 $2,159,118 $0 0.00%

    2018 saw Timberland Bank place emphasis on $200k-400k loans with 192 originations, totaling $56,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $31,480,000 $286,182 $0 0.00%
    $75k-100k 79 $18,775,000 $237,658 $0 0.00%
    $50k-75k 72 $12,550,000 $174,306 $0 0.00%
    $150k-250k 59 $22,995,000 $389,746 $0 0.00%
    $250k+ 48 $25,880,000 $539,167 $0 0.00%
    $50k or less 26 $2,340,000 $90,000 $0 0.00%

    Timberland Bank lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $75k-100k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 456 $158,270,000 $347,083 $0 0.00%

    Timberland Bank lent most frequently to those with DTI ratios of Exempt%, with 456 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 351 $102,485,000 $291,980 $0 0.00%
    Not applicable 51 $40,395,000 $792,059 $0 0.00%
    Not provided 32 $9,400,000 $293,750 $0 0.00%
    Asian 9 $2,935,000 $326,111 $0 0.00%
    American Indian 8 $2,370,000 $296,250 $0 0.00%
    Black 2 $370,000 $185,000 $0 0.00%
    Native Hawaiian or Islander 2 $200,000 $100,000 $0 0.00%
    1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.19%

    Timberland Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.95%

    Timberland Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 456 $158,270,000 $347,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $6,135,000 $2,045,000
    Multifamily:Site-Built 15 $24,695,000 $1,646,333
    Single Family (1-4 Units):Manufactured 40 $7,270,000 $181,750
    Single Family (1-4 Units):Site-Built 398 $120,170,000 $301,935

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Timberland Bank 714 West Main Street Chehalis, WA 98532 Full Service B&M $46,224
    Timberland Bank 101 Second Street Toledo, WA 98591 Full Service B&M $40,035
    Timberland Bank 101 Yelm Avenue W. (P.O. Box 2349) Yelm, WA 98597 Full Service B&M $31,640
    Timberland Bank 117 N Broadway Aberdeen, WA 98520 Full Service B&M $47,723
    Timberland Bank 1201 Marvin Road N.E. Lacey, WA 98509 Full Service B&M $29,269
    Timberland Bank 12814 Meridian E. (P.O. Box 73638) Puyallup, WA 98373 Full Service B&M $40,002
    Timberland Bank 1751 Circle Ln Se Lacey, WA 98503 Full Service B&M $17,738
    Timberland Bank 201 S Main Street South P.O. Box 289 Montesano, WA 98563 Full Service B&M $41,144
    Timberland Bank 202 Auburn Way South P.O. Box 1635 Auburn, WA 98002 Full Service B&M $32,583
    Timberland Bank 20464 Viking Avenue Poulsbo, WA 98370 Full Service B&M $23,235
    Timberland Bank 209 Northeast First Street Winlock, WA 98596 Full Service B&M $18,941
    Timberland Bank 2401 Nw Bucklin Hill Road Silverdale, WA 98383 Full Service B&M $48,254
    Timberland Bank 2418 Meridian Ave. E. Puyallup, WA 98371 Full Service B&M $51,519
    Timberland Bank 2419 224th Street Se P.O. Box 4940 Spanaway, WA 98387 Full Service B&M $42,608
    Timberland Bank 300 North Boone St. P.O. Box 233 Aberdeen, WA 98520 Full Service B&M $34,685
    Timberland Bank 301 Trosper Road Sw Tumwater, WA 98512 Full Service B&M $37,335
    Timberland Bank 3105 Judson Street Gig Harbor, WA 98335 Full Service B&M $40,085
    Timberland Bank 313 Waldrip Street Elma, WA 98541 Full Service B&M $32,971
    Timberland Bank 361 Damon Rd. P.O. Box 1029 Ocean Shores, WA 98569 Full Service B&M $33,991
    Timberland Bank 423 Washington Street Southeast Olympia, WA 98501 Full Service B&M $62,391
    Timberland Bank 624 Simpson Avenue Hoquiam, WA 98550 Full Service B&M $66,901
    Timberland Bank 7805 So. Hosmer Tacoma, WA 98406 Full Service B&M $61,695

    For 2018, Timberland Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,067
    Net interest income $41,919
    Total noninterest income $12,957
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,618
    Trading account gains and fees $0
    Additional Noninterest Income $8,339
    Pre-tax net operating income $24,521
    Securities gains (or losses, -) $66
    Income before extraordinary items $19,030
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,030
    Minority interest net income $0
    Net income $19,030
    Sale, conversion, retirement of capital stock, net $1,270
    Net operating income $18,977

    Timberland Bank's gross interest income from loans was $45,067,000.
    Timberland Bank's net interest income from loans was $41,919,000.
    Timberland Bank's fee based income from loans was $4,618,000.
    Timberland Bank's net income from loans was $19,030,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,148
    Provision for credit losses $0
    Total noninterest expense $30,355
    Salaries and employee benefits $16,438
    Premises and equipment expense $3,417
    Additional noninterest expense $10,500
    Applicable income taxes $5,557
    Net charge-offs $32
    Cash dividends $5,530

    Timberland Bank's interest expense for loans was $3,148,000.
    Timberland Bank's payroll and benefits expense were $16,438,000.
    Timberland Bank's property, plant and equipment expenses $3,417,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,035,412
    Deposits held in domestic offices $1,035,412
    Deposits by Individuals, partnerships, and corporations $971,782
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $63,630
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $199,897
    Demand deposits $85,376
    Nontransaction accounts $835,515
    Money market deposit accounts (MMDAs) $162,428
    Other savings deposits (excluding MMDAs) $518,313
    Total time deposits $154,774
    Total time and savings deposits $950,036
    Noninterest-bearing deposits $271,486
    Interest-bearing deposits $763,926
    Retail deposits $1,007,418
    IRAs and Keogh plan accounts $33,231
    Brokered deposits $18,623
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,197,613
    Cash & Balances due from depository institutions $224,085
    Interest-bearing balances $205,147
    Total securities $35,072
    Federal funds sold & reverse repurchase $785
    Net loans and leases $860,058
    Loan and leases loss allowance $9,533
    Trading account assets $0
    Bank premises and fixed assets $22,884
    Other real estate owned $2,026
    Goodwill and other intangibles $19,331
    All other assets $33,372

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,197,613
    Total Liabilities $1,043,545
    Total deposits $1,035,412
    Interest-bearing deposits $763,926
    Deposits held in domestic offices $1,035,412
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $144
    Subordinated debt $0
    All other liabilities $7,989

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $860,058
    Loan and leases loss allowance $9,533
    Total loans and leases (domestic) $869,591
    All real estate loans $809,821
    Real estate loans in domestic offices $809,821
    Construction and development loans $137,926
    Residential 1-4 family construction $73,534
    Other construction, all land development and other land $64,392
    Loans secured by nonfarm nonresidential properties $425,908
    Nonfarm nonresidential secured by owner-occupied properties $155,643
    Commercial real estate & other non-farm, non-residential $270,265
    Multifamily residential real estate $72,076
    1-4 family residential loans $173,676
    Farmland loans $235
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $58,140
    To non-U.S. addressees $0
    Loans to individuals $4,443
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $346
    Other loans to individuals $4,097
    All other loans & leases $62
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,941
    Non 1-4 family restructured loans & leases $2,436
    Total loans and leases (foreign) $0

    Timberland Bank had $860,058,000 of loans outstanding in 2018. $809,821,000 of loans were in real estate loans. $137,926,000 of loans were in development loans. $72,076,000 of loans were in multifamily mortgage loans. $173,676,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $346,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 479 $137,350 $286,743
    Nonfarm, nonresidential loans - <$100k 57 $3,229 $56,649
    Nonfarm, nonresidential loans - $100-250k 163 $24,226 $148,626
    Nonfarm, nonresidential loans - $250k-1MM 259 $109,895 $424,305
    Commercial & Industrial, US addressed loans - <$1MM 801 $47,470 $59,263
    Commercial & Industrial, US addressed loans - <$100k 530 $12,449 $23,489
    Commercial & Industrial, US addressed loans - $100-250k 169 $15,345 $90,799
    Commercial & Industrial, US addressed loans - $250k-1MM 102 $19,676 $192,902
    Farmland loans - <$1MM 1 $235 $235,000
    Farmland loans - $250k-1MM 1 $235 $235,000