- Timberland Bancorp and FS Bancorp are two community banks (former thrifts) operating in the Puget Sound area.
- The banks have both been growing at a high rate in recent years, generating impressive returns on assets and equity.
- Timberland has achieved above-average returns through efficiency and a strong, low-cost deposit base.
- FS, on the other hand, makes higher yielding loans and possesses an impressive mortgage origination and sales arm that has been generating a lot of income over the last year and a half.
- Overall, though, both banks have risks associated with the way they operate. And the potential return may not be worth the risk of investing in these two.
For further details see:
2 Community Banks In The Pacific Northwest That Are Worth A Look