SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 11, 2009
Timberland Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Washington 0-23333 91-1863696
--------------------------- --------------- ----------------------
State or other jurisdiction Commission (I.R.S. Employer
Of incorporation File Number Identification No.)
624 Simpson Avenue, Hoquiam, Washington 98550
--------------------------------------------- --------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code) (360) 533-4747
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions.
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
--------------------------------------------------------
On December 11, 2009, Timberland Bancorp, Inc. reported that it had
revised its fiscal fourth quarter and annual net income by $315,000 ($477,000
pre-tax) as a result of an additional impairment charge to certain private
label mortgage backed securities in its subsidiary bank's portfolio. The
additional impairment charges reduced earnings per diluted common share to a
loss of $(0.08) from the previously reported loss of $(0.03) per diluted
common share for the fourth quarter ended September 30, 2009. For fiscal
2009, the revised earnings per diluted common share is a loss of $(0.15)
compared to the previously reported loss of $(0.11) per diluted common share.
The additional impairment on securities also increased the accumulated other
comprehensive loss component of shareholder's equity by $557,000 for the
non-credit related component of the impairment.
A copy of the earnings release that revises the release issued November
6, 2009 is attached hereto as Exhibit 99.1, which is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
--------------------------------------------
(d) Exhibits
99.1 Press Release of Timberland Bancorp, Inc. dated December 11, 2009
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
TIMBERLAND BANCORP, INC.
DATE: December 11, 2009 By: /s/Dean J. Brydon
-------------------------------
Dean J. Brydon
Chief Financial Officer