Timberland Bancorp, Inc. the holding company for Timberland Bank, recently reported net income of $1.45 million, or $.39 per diluted share, for the quarter ended June 30. This represents an eight percent increase in earnings per share from the prior quarter ended March 31 and a three percent increase from the same period a year ago.

Also Timberland announced that the board of directors declared a quarterly cash dividend of $.15 per share of common stock for shareholders of record Aug, 10, payable on Aug, 24. The $.15 per share represents a seven percent increase over the prior quarter’s rate of $.14 per share and will be the 26th consecutive quarter that Timberland has paid a cash dividend.