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Timberland Bancorp, Inc.: Timberland Bancorp Earns $1.6 Million or $0.24 per Share in Fiscal First Quarter 2008
HOQUIAM, WA (MARKET WIRE) Timberland Bancorp, Inc. (NASDAQ: TSBK) ("Timberland"), the holding company for Timberland Bank ("Bank"), today reported solid fiscal first quarter profits of $1.6 million after a $1.2 million addition to its loan loss reserves as a result of continued loan growth and the reclassification of certain loans. In the first quarter of fiscal 2008, Timberland earned $1.6 million, or $0.24 per diluted share, compared to $2.0 million, or $0.27 per diluted share, in the first quarter one year ago. All per share data has been adjusted to reflect the 2-for-1 stock split in the form of a 100% stock