Community bank Timberland Bancorp has announced its inclusion in the Piper Sandler Bank and Thrift Sm-All Stars: Class of 2020 report.

In its report, Piper Sandler recognized Timberland among the top 35 best-performing small capitalization institutions from a list of publicly traded banks and thrifts in the United States with market capitalizations less than $2.5 billion. In making its selections, Piper Sandler focused on growth, profitability, credit quality, and capital strength.

“It is an honor to be named for the second consecutive year as one of the elite small-cap banks and thrifts in the United States,” said Michael Sand, president and CEO, in a statement. “Community banks play a vital role in the success of small businesses and consumers in this country. The receipt of this award is an honor and a testament to the dedication and commitment of Timberland’s employees who continue to work diligently to support those in the communities we serve.”

Timberland has 24 branches and serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap, and Lewis counties.