Timberland Bank has been awarded the Community Bankers Cup by Raymond James & Associates for operating one of the top performing community banks in the country.

“It is an honor to be recognized by Raymond James as one of the country’s top community banks,” said Michael Sand, President and CEO. “The hard work and dedication of our entire team resulted in Timberland’s strong financial performance in 2017 which qualified us for this award.”

Raymond James is a financial investment firm. Of the 272 community banks considered for the 2017 Community Bankers Cup, Raymond James said, “the top 10 percent demonstrated superior performance on a relative basis in one or more of the following measurements of financial performance and stability: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity.”

The Bank serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties through 22 branches (including its main office in Hoquiam).

As of Dec. 31, 2017, the bank’s assets totaled $993.90 million.