Timberland Bancorp (TSBK) risk factors
Item 1A of every Timberland Bancorp Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors31 risks3 new1 dropped22 reworded
Timberland Bancorp updated risks regarding cannabis banking, artificial intelligence adoption, and accounting model transitions. Portfolio figures for commercial loans, construction loans, and commercial real estate were updated for fiscal 2025. Climate change risks were revised to reflect shifting federal administrative priorities.
Filed Dec 09, 2025 - FY2024 10-K risk factors29 risks
Substantially all loans are concentrated in Washington state, exposing the bank to regional economic and real estate downturns. The loan portfolio includes $219.20 million in construction loans and significant commercial real estate exposure. Earnings depend heavily on net interest income and interest rate fluctuations driven by Federal Reserve policies.
Filed Dec 11, 2024