Timberland Bancorp, Inc.: Timberland Bancorp Increases Quarterly Cash Dividend 10% to $0.11 per Share

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HOQUIAM, WA (MARKET WIRE) The Board of Directors of Timberland Bancorp, Inc. (NASDAQ: TSBK) has increased its quarterly cash dividend 10% to $0.11 per share. The dividend will be paid on February 22, 2008 to shareholders of record February 8, 2008. This payment will be the 40th consecutive quarterly cash dividend that Timberland has paid on its common stock.

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