Applications / Mortgage Analytics / Lenders / Washington / Timberland Bank
Hoquiam, WA · Savings institution · FDIC · $2.0 billion assets · 233 loans in 2025
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233
loans originated, 2025
369
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Timberland Bank, a Washington savings bank, makes much larger loans than similar lenders, and in 2025 it held its business steady while they grew.
Its typical loan was $465,000, about double the $227,500 at similar lenders (savings institutions making between half and twice as many loans). Jumbo loans, those larger than the conforming limit, were 8.3% of its lending against 2.6% for peers, and the share was 8.1% a year earlier, so the tilt is not new. Every loan was conventional, as at most of its peers.
Only 12.8% of its loans went to low- and moderate-income (LMI) borrowers, against 24.2% at similar lenders, which puts it among the lowest tenth. Its loan size is one possible reason: a lender whose typical loan is twice its peers' may simply serve buyers with higher incomes. Poorer neighborhoods are another matter. LMI tracts took 17.6% of its loans, a little above the peers' 15.8%.
It made 233 loans in 2025, exactly as many as in 2024, while similar lenders grew 8% and the whole market 10%. Home purchases made up 63.5% of its lending and home improvement 13.3%.
It has lent in Olympia-Lacey-Tumwater since 1994 and holds 1.0% of that market, ranking 26 of 303 lenders. It has lent in Bremerton-Silverdale-Port Orchard since 1999. In Seattle-Tacoma-Bellevue, where it has lent since 1990, it is a small player among 597 lenders led by Boeing Employees' Credit Union.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Timberland Bank took 369 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.5% · Refinance 18.9% · Home improvement 13.3% · Other 4.3%
Conventional 100.0% · of 233 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 229 | 98.3% |
| Arizona | 2 | 0.9% |
| Florida | 1 | 0.4% |
| Oregon | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tacoma-Lakewood | 61 |
| Olympia-Lacey-Tumwater | 35 |
| Bremerton-Silverdale-Port Orchard | 17 |
| Seattle-Bellevue-Kent | 11 |
| Everett | 7 |
| Longview-Kelso | 4 |
| Portland-Vancouver-Hillsboro | 3 |
| Bellingham | 2 |
| Kennewick-Richland | 1 |
| Lake Havasu City-Kingman | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900MKY47WU65N1J56 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 294779 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 41625 | 1990–1990 |
| Respondent ID (the HMDA filer code before 2018) | 328453 | 1992–2017 |
Established 1 January 1915. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Timberland Bank's data.
Timberland Bank's data
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Timberland Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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