---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-22-000014"
form_type: "8-K"
ticker: "TSBK"
cik: "0001046050"
company_name: "TIMBERLAND BANCORP INC"
filed_at: "2022-01-24T23:59:59+00:00"
generated_at: "2026-06-27T16:08:03.715482+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Timberland Bancorp Q1 fiscal 2022 net income $5.49M ($0.65 EPS); CEO succession, dividend up 5%

## Summary
- Net income $5.49M, EPS $0.65, down from $0.71 prior quarter and $0.87 year ago.
- Net loans (ex-PPP) up 5% during quarter; total deposits up 2% to $1.61B.
- Board increases quarterly cash dividend to $0.22/share from $0.21 (5% increase).
- CEO Michael Sand to retire Jan 2023; Dean Brydon promoted to President, will become CEO.
- CFO transition: Marci Basich promoted to CFO in Jan 2023; Jonathan Fischer appointed Corporate Secretary.

## SEC filing metadata
- accession: 0000939057-22-000014
- form_type: 8-K
- ticker: TSBK
- cik: 0001046050
- company_name: TIMBERLAND BANCORP INC
- filed_at: 2022-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/0000939057-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/timb8k12422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-22-000014
- JSON: https://secwatch.observer/filing/0000939057-22-000014.json
- Plain text: https://secwatch.observer/filing/0000939057-22-000014.txt

## Key facts
- Executive change
  Dean Brydon changed role as President at TIMBERLAND BANCORP INC.
  - Action: promoted
  - Role: President
  source text: Executive Vice President and Chief Financial Officer Dean Brydon will be promoted to the position of President for both the Company and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/0000939057-22-000014-index.htm
- Executive change
  Marci Basich was appointed as Chief Financial Officer at TIMBERLAND BANCORP INC.
  - Action: promoted
  - Role: Chief Financial Officer
  source text: Marci Basich, age 53, who currently holds the position of Treasurer, will be promoted to Chief Financial Officer of the Company and the Bank in January 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/0000939057-22-000014-index.htm
- Executive change
  Jonathan Fischer was appointed as Corporate Secretary at TIMBERLAND BANCORP INC.
  - Action: appointed
  - Role: Corporate Secretary
  source text: Mr. Fischer will be appointed as the Corporate Secretary of the Company and the Bank on January 25, 2022 to replace Mr. Brydon who currently serves in these positions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/0000939057-22-000014-index.htm
- Executive change
  Michael Sand departed as President and Chief Executive Officer at TIMBERLAND BANCORP INC.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: Michael Sand will begin preparing for his transition into retirement from his position as President and Chief Executive Officer of both the Company and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000014/0000939057-22-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.