Timberland Bancorp, Inc.
Audit Committee Charter

1. Purpose
The Audit Committee ("Committee") is appointed by the Board of Directors of Timberland Bancorp, Inc. ("Company") to assist the Board in fulfilling its oversight responsibilities with respect to:

• monitoring the quality and intergrity of the Company's financial reporting process and systems of controls;
• monitoring the Company's compliance with legal and regulatory requirements;
• monitoring the independence and performance of the Company's independent auditors and internal audit function; and
• providing an avenue of communication among the independent auditors; internal audit, management and the the Board of Directors.

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