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Timberland Bancorp TSBK BOLI Death Benefit in Excess of Cash Surrender Value

BOLI Death Benefit in Excess of Cash Surrender Value at other companies

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Bank of Marin BancorpBMRC
$76.5K
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Republic BancorpRBCAA
$185K
Carter Bankshares, Inc. logo
Carter Bankshares, Inc.CARE
$0-100%
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Carter Bankshares, Inc.CARE
$0-100%
Horizon Bancorp logo
Horizon BancorpHBNC
$333K-0.6%
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Center BancorpCNOB
$2.95M+86.3%

Other financials

Income statement

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Revenue$21.1M+5.8%
Net income$7.1M+5.6%
EPS (diluted)$0.90+5.9%

Balance sheet

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Cash & equivalents$294.7M+54.1%
Total debt$2.9M+106%
Total equity$271.1M+7.4%
Total assets$2.0B+5.9%

Cash flow

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Operating cash flow$6.7M-45.6%
CapEx$473.0K+140%
Free cash flow$6.2M-48.6%

Valuation

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Market cap$345.45M+43.6%
Enterprise value$53.71M+5.9%
P/E11.2×+1.9×
P/S+0.9×

Profitability

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Net margin36%+2.8pp
FCF margin36.9%+8.5pp

Returns & leverage

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Return on equity11.8%+1.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Timberland Bancorp in its filing.

Tagged under the XBRL concept tsbk:BOLIDeathBenefitinExcessofCashSurrenderValue.

The official record: Timberland Bancorp’s 10-K, filed December 9, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Timberland Bancorp's BOLI death benefit in excess of cash surrender value?
Timberland Bancorp (TSBK) reported BOLI death benefit in excess of cash surrender value of $260K in Q3 2025.
What does BOLI death benefit in excess of cash surrender value mean?
This represents the gain recognized when the death benefit proceeds from a bank-owned life insurance policy exceed the policy's recorded cash surrender value. It is a non-recurring, event-driven gain that boosts net income. While beneficial to earnings, it is considered an irregular item that does not reflect core operational performance.