Territorial Bancorp Inc. TBNK Income Statement

Territorial bancorp inc. (TBNK)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income:
Investment securities
-	-	-	-	-	-	-	-	-	25,754	25,601
Loans
63,137	60,279	55,144	51,168	45,903	39,620	36,982	36,566	35,557	34,959	35,775
Investment securities
11,459	12,236	12,526	14,365	16,873	19,752	18,941	23,224	26,851	-	-
Other investments
972	786	663	540	316	243	252	359	325	402	149
Total interest income
75,568	73,301	68,333	66,073	63,092	59,615	56,175	60,149	62,733	61,115	61,525
Interest expense:
Deposits
13,463	11,015	7,666	5,933	4,821	4,474	4,296	5,936	6,770	10,395	14,129
Advances from the Federal Home Loan Bank
3,346	2,010	1,105	1,035	697	266	302	418	401	153	33
Securities sold under agreements to repurchase
218	504	818	876	997	1,378	1,684	2,875	-	4,280	5,008
Securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	4,114	-	-
Subordinated debentures and other borrowings
-	-	-	-	-	-	-	-	-	-	814
Total interest expense
17,027	13,529	9,589	7,844	6,515	6,118	6,282	9,229	11,285	14,828	19,984
Net interest income
58,541	59,772	58,744	58,229	56,577	53,497	49,893	50,920	51,448	46,287	41,541
Provision for loan losses
61	119	52	310	455	360	39	415	418	345	1,198
Net interest income after provision for loan losses
58,480	59,653	58,692	57,919	56,122	53,137	49,854	50,505	51,030	45,942	40,343
Noninterest income:
Service fees on loan and deposit accounts
1,937	1,886	1,962	-	-	-	-	-	-	-	-
Service fees on loan and deposit accounts
-	-	-	1,960	2,161	2,022	2,232	2,044	2,284	2,401	-
Service fees on loan and deposit accounts
-	-	-	-	-	-	-	-	-	-	2,611
Income on bank-owned life insurance
835	865	907	966	1,026	1,060	1,066	942	968	1,017	1,142
Gain on sale of investment securities
2,910	45	431	370	701	1,263	3,450	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	1,234	451	350	266
Gain on sale of loans
1,540	72	199	406	503	396	1,541	2,411	711	442	1,636
Other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	2,404	3,481
Other
610	296	347	392	520	436	427	437	697	322	331
Total noninterest income
7,832	3,164	3,846	4,094	4,911	5,177	8,716	7,068	5,111	2,128	2,505
Noninterest expense:
Salaries and employee benefits
22,580	22,159	21,482	20,591	21,497	20,932	21,015	20,609	21,621	18,793	16,449
Occupancy
6,400	6,324	5,937	5,749	5,809	5,761	5,365	5,246	4,988	4,719	4,492
Equipment
4,183	3,980	3,614	3,566	3,894	3,701	3,524	3,269	3,191	2,963	2,967
Federal deposit insurance premiums
288	608	605	743	857	808	770	767	865	1,195	1,747
Loss on extinguishment of debt
-	-	-	-	-	-	-	-321	-	0	-507
Other general and administrative expenses
4,555	4,423	4,836	4,230	4,442	4,106	4,403	4,226	3,989	3,860	3,383
Total noninterest expense
38,006	37,494	36,474	34,879	36,499	35,308	35,077	34,438	34,654	31,530	29,545
Income before income taxes
28,306	25,323	26,064	27,134	24,534	-	-	-	-	-	-
Income before income taxes
-	-	-	-	-	23,006	23,493	23,135	21,487	16,540	13,303
Income taxes
6,311	6,111	11,102	10,787	9,786	8,909	8,846	8,297	8,698	5,512	4,639
Net income
-	-	-	-	-	14,097	14,647	14,838	12,789	-	-
Net income
21,995	19,212	14,962	16,347	14,748	-	-	-	-	11,028	8,664
Basic earnings per share (in dollars per share)
2.38	2.07	1.61	1.78	1.59	1.53	1.51	1.47	1.19	0.97	0.77
Diluted earnings per share (in dollars per share)
2.34	2.03	1.57	1.74	1.56	1.51	1.49	1.45	1.17	0.97	0.77
Cash dividends paid per common share (in dollars per share)
-	-	-	-	-	0.70	-	-	0.34	0.24	-
Cash dividends declared per common share (in dollars per share)
1.49	1.14	1.20	0.92	0.76	-	0.62	0.54	-	-	-
Basic weighted-average shares outstanding (in shares)
9,196	9,219	9,273	9,093	9,073	9,211	9,711	10,113	10,777	11,322	11,279
Diluted weighted-average shares outstanding (in shares)
9,325	9,400	9,532	9,311	9,263	9,317	9,844	10,213	10,936	11,369	11,279