Timberland Bancorp, Inc. (TSBK) Balance Sheet
TSBK balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.01B assets = $1.75B liabilities + $262.6M equity
Both columns are drawn to the same scale: what TSBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TSBK financial health
Descriptive bands, not a rating. Fiscal FY2025.
TSBK balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $891.4MFY2016 | $2.01BFY2025 | +9.5%/yr | |
| Total liabilities | $794.6MFY2016 | $1.75BFY2025 | +9.2%/yr | |
| Shareholders’ equity | $96.8MFY2016 | $262.6MFY2025 | +11.7%/yr | |
| Cash & short-term investments | $163.3MFY2016 | $281.9MFY2025 | +6.3%/yr | |
| Total debt | $30.0MFY2016 | $23.1MFY2025 | −2.9%/yr | |
| Net cash (debt) | $133.3MFY2016 | $258.8MFY2025 | +$125.5M | |
| Working capital | −$597.9MFY2016 | −$1.44BFY2025 | −$837.3M | |
| Book value per share | $13.63FY2016 | $33.02FY2025 | +10.3%/yr | |
| Debt / equity | 0.31FY2016 | 0.09FY2025 | −0.22 | |
| Shares outstanding | 7.1MFY2016 | 8.0MFY2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TSBK assets
TSBK liabilities and equity
TSBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TSBK balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $281.9M | $247.2M | $185.7M | $381.1M | $671.9M | $437.9M | $243.9M | $213.3M | $192.5M | $163.3M |
| Cash & equivalents | $250.6M | $174.9M | $143.9M | $339.6M | $608.7M | $380.0M | $221.4M | $212.2M | $191.2M | $161.9M |
| Short-term investments | $31.2M | $72.3M | $41.8M | $41.4M | $63.2M | $57.9M | $22.5M | $1.2M | $1.2M | $1.3M |
| Receivables | $7.4M | $7.0M | $6.0M | $4.5M | $3.7M | $4.5M | $3.6M | $2.9M | $2.5M | $2.3M |
| Inventory | $0 | $0 | −$150.0M | −$344.1M | $316,000 | $1.1M | $2.0M | $2.3M | $3.8M | $4.9M |
| Other current assets | $0 | $0 | $150.0M | $344.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $289.3M | $254.2M | $191.7M | $385.5M | $675.6M | $442.4M | $247.5M | $216.2M | $195.0M | $165.6M |
| Property, plant & equipment (net) | $24.6M | $23.0M | $23.4M | $23.9M | $24.6M | $25.6M | $22.8M | $19.0M | $18.4M | $16.2M |
| Goodwill & intangible assets | $16.2M | $17.0M | $17.9M | $19.1M | $19.9M | $19.9M | $19.6M | $7.7M | $7.5M | $7.2M |
| Long-term investments | $219.0M | $248.2M | $315.8M | $311.9M | $136.2M | $35.4M | $40.2M | $17.6M | $13.7M | $8.9M |
| Other non-current assets | $1.46B | $1.38B | $1.29B | $1.12B | $935.8M | $1.04B | $917.1M | $757.9M | $717.4M | $693.5M |
| Total assets | $2.01B | $1.92B | $1.84B | $1.86B | $1.79B | $1.57B | $1.25B | $1.02B | $952.0M | $891.4M |
| Liabilities | ||||||||||
| Accounts payable | $7.9M | $6.3M | $6.4M | $4.9M | $4.3M | $4.2M | $4.7M | $2.9M | $2.0M | $2.0M |
| Short-term debt | $377,000 | $336,000 | $20.3M | $310,000 | $342,000 | $327,000 | — | — | — | $30.0M |
| Deferred revenue | — | — | — | $4.6M | $4.0M | $3.9M | — | — | — | — |
| Total current liabilities | $1.72B | $1.65B | $1.57B | $1.64B | $1.57B | $1.36B | $1.07B | $892.4M | $839.9M | $763.6M |
| Long-term debt | $20.0M | $20.0M | $35.0M | $0 | $5.0M | $10.0M | $0 | $0 | $0 | $30.0M |
| Lease obligations | $3.1M | $1.6M | $1.9M | $2.1M | $2.4M | $2.6M | — | — | — | — |
| Other long-term liabilities | $5.6M | $4.1M | $4.5M | $4.9M | $5.4M | $5.7M | $3.1M | $1.2M | $1.1M | $987,000 |
| Total liabilities | $1.75B | $1.68B | $1.61B | $1.64B | $1.59B | $1.38B | $1.08B | $893.6M | $841.0M | $794.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $26.3M | $29.9M | $34.8M | $38.8M | $42.7M | $42.4M | $43.0M | $14.4M | $13.3M | $10.0M |
| Retained earnings (deficit) | $236.6M | $215.5M | $199.4M | $180.5M | $164.2M | $145.2M | $128.0M | $110.5M | $98.2M | $87.7M |
| Treasury stock | — | — | — | — | — | — | — | −$133,000 | −$397,000 | −$661,000 |
| Accumulated other comprehensive income | −$298,000 | $20,000 | −$1.1M | −$717,000 | $59,000 | $61,000 | $50,000 | −$129,000 | −$124,000 | −$175,000 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $262.6M | $245.4M | $233.1M | $218.6M | $206.9M | $187.6M | $171.1M | $124.7M | $111.0M | $96.8M |
| Key figures | ||||||||||
| Total debt | $23.1M | $21.6M | $36.9M | $2.1M | $7.4M | $12.6M | — | — | — | $30.0M |
| Net cash (debt) | $258.8M | $225.6M | $148.8M | $379.0M | $664.5M | $425.3M | — | — | — | $133.3M |
| Working capital | −$1.44B | −$1.40B | −$1.38B | −$1.25B | −$899.2M | −$920.2M | −$825.4M | −$676.2M | −$644.9M | −$597.9M |
| Tangible book value | $246.4M | $228.5M | $215.1M | $199.5M | $187.0M | $167.8M | $151.5M | $117.0M | $103.5M | $89.6M |
| Book value per share | $33.02 | $30.37 | $28.26 | $26.07 | $24.50 | $22.28 | $20.20 | $16.56 | $15.04 | $13.63 |
| Shares outstanding | 8.0M | 8.1M | 8.2M | 8.4M | 8.4M | 8.4M | 8.5M | 7.5M | 7.4M | 7.1M |
| Current ratio | 0.17 | 0.15 | 0.12 | 0.24 | 0.43 | 0.32 | 0.23 | 0.24 | 0.23 | 0.22 |
| Quick ratio | 0.17 | 0.15 | 0.12 | 0.24 | 0.43 | 0.32 | 0.23 | 0.24 | 0.23 | 0.22 |
| Debt / equity | 0.09 | 0.09 | 0.16 | 0.01 | 0.04 | 0.07 | — | — | — | 0.31 |
| Equity / assets | 13.0% | 12.8% | 12.7% | 11.7% | 11.5% | 12.0% | 13.7% | 12.2% | 11.7% | 10.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $32.8M | $24.2M | $156.4M | $281.9M | $231.3M | $220.0M | $191.7M | $247.2M | $243.9M | $253.3M | $210.9M | $185.7M |
| Cash & equivalents | $32.8M | $24.2M | $23.2M | $250.6M | $202.1M | $199.9M | $171.5M | $174.9M | $169.4M | $191.6M | $170.5M | $143.9M |
| Short-term investments | $117.6M | $117.3M | $133.3M | $31.2M | $29.2M | $20.0M | $20.1M | $72.3M | $74.5M | $61.7M | $40.4M | $41.8M |
| Receivables | $7.3M | $7.4M | $1.47B | $7.4M | $7.2M | $7.1M | $7.1M | $7.0M | $7.0M | $7.1M | $6.7M | $6.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$166.0M | −$1.55B | −$301.5M | −$150.0M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $166.0M | $1.55B | $301.5M | $150.0M |
| Total current assets | $40.1M | $31.6M | $1.62B | $289.3M | $238.5M | $227.1M | $198.8M | $254.2M | $250.9M | $260.4M | $217.6M | $191.7M |
| Property, plant & equipment (net) | $30.6M | $24.7M | $24.7M | $24.6M | $22.7M | $22.8M | $23.0M | $23.0M | $23.1M | $23.3M | $23.3M | $23.4M |
| Goodwill & intangible assets | $15.3M | $15.3M | $15.4M | $16.2M | $16.4M | $16.5M | $16.7M | $17.0M | $17.2M | $17.4M | $17.7M | $17.9M |
| Long-term investments | $211.9M | $213.1M | $212.4M | $219.0M | $231.9M | $229.6M | $237.0M | $248.2M | $255.1M | $277.4M | $310.4M | $315.8M |
| Other non-current assets | $1.76B | $1.76B | $131.0M | $1.46B | $1.45B | $1.44B | $1.43B | $1.38B | $1.35B | $1.33B | $1.33B | $1.29B |
| Total assets | $2.06B | $2.05B | $2.01B | $2.01B | $1.96B | $1.93B | $1.91B | $1.92B | $1.90B | $1.91B | $1.90B | $1.84B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | $7.9M | — | — | — | $6.3M | — | — | — | $6.4M |
| Short-term debt | — | $176,000 | — | $377,000 | $85,000 | $169,000 | $253,000 | $336,000 | $5.1M | $167,000 | $5.2M | $975,000 |
| Total current liabilities | $4.3M | $176,000 | $3.0M | $1.72B | $1.67B | $1.65B | $1.63B | $1.65B | $1.63B | $1.64B | $1.63B | $1.57B |
| Long-term debt | $10.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $35.0M |
| Lease obligations | $4.3M | $2.9M | $3.0M | $3.1M | $1.4M | $1.4M | $1.5M | $1.6M | $1.6M | $1.7M | $1.8M | $1.9M |
| Other long-term liabilities | $1.78B | $1.76B | $1.71B | $5.6M | $11.1M | $9.4M | $9.9M | $4.1M | $10.9M | $10.0M | $10.7M | $4.5M |
| Total liabilities | $1.79B | $1.78B | $1.74B | $1.75B | $1.70B | $1.68B | $1.66B | $1.68B | $1.66B | $1.67B | $1.66B | $1.61B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $21.5M | $24.0M | $26.0M | $26.3M | $27.2M | $28.0M | $29.6M | $29.9M | $30.7M | $32.3M | $34.9M | $34.8M |
| Retained earnings (deficit) | $252.9M | $247.5M | $242.6M | $236.6M | $230.2M | $225.2M | $220.4M | $215.5M | $211.1M | $207.1M | $203.3M | $199.4M |
| Accumulated other comprehensive income | −$1.2M | −$350,000 | −$233,000 | −$298,000 | −$775,000 | −$670,000 | −$792,000 | $20,000 | −$545,000 | −$745,000 | −$827,000 | −$1.1M |
| Total shareholders' equity | $273.2M | $271.1M | $268.4M | $262.6M | $256.7M | $252.5M | $249.2M | $245.4M | $241.2M | $238.7M | $237.4M | $233.1M |
| Key figures | ||||||||||||
| Total debt | $14.3M | $22.9M | $26.0M | $23.1M | $21.4M | $21.4M | $21.5M | $21.6M | $21.6M | $21.7M | $21.8M | $36.9M |
| Net cash (debt) | $18.5M | $1.2M | $130.4M | $258.8M | $210.0M | $198.5M | $170.2M | $225.6M | $222.2M | $231.6M | $189.1M | $148.8M |
| Working capital | $35.8M | $31.4M | $1.62B | −$1.44B | −$1.43B | −$1.42B | −$1.43B | −$1.40B | −$1.38B | −$1.38B | −$1.41B | −$1.38B |
| Tangible book value | $257.9M | $255.8M | $253.0M | $246.4M | $240.3M | $236.0M | $232.5M | $228.5M | $224.1M | $221.3M | $219.7M | $215.1M |
| Book value per share | $34.78 | $34.22 | $33.88 | $33.16 | $32.40 | $31.69 | $31.15 | $30.70 | $30.01 | $29.39 | $29.07 | $28.58 |
| Shares outstanding | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 8.0M | 8.0M | 8.0M | 8.0M | 8.1M | 8.2M | 8.2M |
| Current ratio | 9.28 | 179.28 | 538.21 | 0.17 | 0.14 | 0.14 | 0.12 | 0.15 | 0.15 | 0.16 | 0.13 | 0.12 |
| Quick ratio | 9.28 | 179.28 | 538.21 | 0.17 | 0.14 | 0.14 | 0.12 | 0.15 | 0.15 | 0.16 | 0.13 | 0.12 |
| Debt / equity | 0.05 | 0.08 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.16 |
| Equity / assets | 13.3% | 13.2% | 13.4% | 13.0% | 13.1% | 13.1% | 13.1% | 12.8% | 12.7% | 12.5% | 12.5% | 12.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 9, 2025); data from EODHD.
TSBK financial position
At the end of fiscal 2025 (September 30, 2025), Timberland Bancorp had total assets of $2.0 billion (up 4.6% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $262.6 million. It held $281.9 million in cash and short-term investments against $23.1 million of debt, a net cash position of $258.8 million. Its current ratio was 0.17. In the latest quarter (ended June 30, 2026) total assets were $2.1 billion and equity $273.2 million.
Related: TSBK income statement, TSBK cash flow statement, TSBK key metrics. See the TSBK stock overview for the latest quote and news.
TSBK balance sheet FAQ
What are Timberland Bancorp's total assets?
Timberland Bancorp reported total assets of $2.0 billion at the end of fiscal 2025 (September 30, 2025), compared with $1.9 billion a year earlier.
How much debt does Timberland Bancorp have?
Timberland Bancorp had $23.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does Timberland Bancorp have?
Timberland Bancorp held $281.9 million in cash and short-term investments at the end of fiscal 2025; with $23.1 million of debt that is net cash of $258.8 million.
What is Timberland Bancorp's book value?
Timberland Bancorp's shareholders' equity (book value) was $262.6 million at the end of fiscal 2025, or $33.02 per share.
What is Timberland Bancorp's current ratio?
Timberland Bancorp had current assets of $289.3 million and current liabilities of $1.7 billion, a current ratio of 0.17 (current liabilities exceed current assets).
How much goodwill does Timberland Bancorp have?
Timberland Bancorp carried $16.2 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.