TIMBERLAND BANCORP INC — Director's Dealing 2005

May 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2005-05-23

Reporting Person: PARKER JON C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-23	Common Stock, $.01 par value per share	S	1000	$23.15	Disposed	22435	Direct

Footnotes

F1: Includes indirect ownership of 18,700 shares held by IRA, 2,267 shares held by MRDP Trust, and 500 shares held by children; does not reflect beneficial ownership of stock options reportable on Table II.