Territorial bancorp inc. (TBNK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,293

6,516

-

6,907

6,889

6,371

6,371

6,641

Loans

15,457

15,662

15,864

16,003

15,608

15,450

15,038

14,884

14,907

14,267

13,837

13,527

13,513

13,108

13,052

12,647

12,361

12,142

11,809

11,266

10,686

10,300

10,020

9,760

9,540

9,286

9,267

9,199

9,230

9,240

9,187

9,110

9,029

9,113

8,798

8,763

8,883

8,907

8,582

Investment securities

2,780

2,876

2,865

2,847

2,871

2,953

3,032

3,122

3,129

3,198

3,169

3,078

3,081

3,244

3,496

3,750

3,875

3,978

4,098

4,274

4,523

4,697

4,895

5,086

5,074

5,094

4,775

4,518

4,554

-

5,551

-

-

-

-

-

-

-

-

Dividends on FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

344

263

219

264

226

204

208

176

198

133

171

172

187

129

121

146

144

103

64

70

79

93

75

35

40

39

49

66

98

100

88

87

84

67

85

81

92

115

99

Total interest income

18,581

18,801

18,948

19,114

18,705

18,607

18,278

18,182

18,234

17,598

17,177

16,777

16,781

16,481

16,669

16,543

16,380

16,223

15,971

15,610

15,288

15,087

14,990

14,881

14,657

14,419

14,091

13,783

13,882

14,204

14,826

15,490

15,629

15,864

15,790

15,733

15,346

15,393

15,322

Interest expense:
Deposits

3,124

3,343

3,382

3,514

3,224

2,975

2,899

2,690

2,451

2,207

2,033

1,775

1,651

1,570

1,485

1,470

1,408

1,335

1,198

1,154

1,134

1,142

1,138

1,103

1,091

1,071

1,031

1,074

1,120

1,292

1,492

1,582

1,570

1,661

1,700

1,701

1,708

2,555

2,970

Advances from the Federal Home Loan Bank

895

921

973

897

555

639

493

459

419

326

264

261

254

263

259

256

257

259

211

157

70

67

67

66

66

67

67

65

103

105

105

104

104

106

105

104

86

54

45

Securities sold under agreements to repurchase

45

45

42

41

90

128

125

126

125

164

221

217

216

220

220

218

218

221

221

243

312

346

346

343

343

-

422

-

-

-

-

-

-

-

1,067

1,052

1,034

1,070

1,057

Securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

471

477

-

629

831

904

-

-

-

-

-

-

Total interest expense

4,064

4,309

4,397

4,452

3,869

3,742

3,517

3,275

2,995

2,697

2,518

2,253

2,121

2,053

1,964

1,944

1,883

1,815

1,630

1,554

1,516

1,555

1,551

1,512

1,500

1,452

1,520

1,610

1,700

1,908

2,226

2,517

2,578

2,728

2,872

2,857

2,828

3,679

4,072

Net interest income

14,517

14,492

14,551

14,662

14,836

14,865

14,761

14,907

15,239

14,901

14,659

14,524

14,660

14,428

14,705

14,599

14,497

14,408

14,341

14,056

13,772

13,532

13,439

13,369

13,157

12,967

12,571

12,173

12,182

12,296

12,600

12,973

13,051

13,136

12,918

12,876

12,518

11,714

11,250

Provision for loan losses

217

-4

111

-51

5

100

-50

60

9

50

54

-123

71

91

107

84

28

89

71

101

194

172

23

156

9

-8

45

-16

18

243

167

-79

84

335

-39

14

108

118

158

Net interest income after provision for loan losses

14,300

14,496

14,440

14,713

14,831

14,765

14,811

14,847

15,230

14,851

14,605

14,647

14,589

14,337

14,598

14,515

14,469

14,319

14,270

13,955

13,578

13,360

13,416

13,213

13,148

12,975

12,526

12,189

12,164

12,053

12,433

13,052

12,967

-

12,957

-

-

11,596

11,092

Noninterest income:
Service fees on loan and deposit accounts

453

510

504

485

438

514

470

487

415

-

427

507

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service fees on loan and deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

556

538

493

473

456

584

590

527

460

444

555

524

499

565

598

568

501

570

444

480

550

-

534

-

-

-

-

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,862

12,410

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Portion of loss recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Service fees on loan and deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

598

558

546

665

Income on bank-owned life insurance

202

203

215

210

207

218

216

216

215

226

228

227

226

239

240

240

247

256

259

256

255

263

265

264

268

292

295

258

221

236

239

234

233

243

245

241

239

256

254

Gain on sale of investment securities

178

0

123

70

2,717

-

-

45

-

0

150

186

95

-

60

190

-

225

0

240

236

-

392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

309

346

-

922

1,024

888

505

429

172

128

311

74

0

66

0

282

Gain on sale of loans

407

329

1,205

0

6

11

8

10

43

45

28

63

63

102

114

129

61

63

201

110

129

113

118

86

79

151

365

380

645

895

669

406

441

337

138

92

144

165

175

Other

61

-25

55

508

72

96

52

79

69

113

76

76

82

72

96

102

122

101

138

115

166

106

68

96

166

98

143

81

105

91

141

115

90

109

177

292

119

76

102

Total noninterest income

1,301

1,017

2,102

1,273

3,440

839

746

837

742

856

909

1,059

1,022

1,071

1,003

1,134

886

1,229

1,188

1,248

1,246

1,142

1,398

1,279

1,358

1,722

2,323

2,311

2,360

2,297

1,922

1,407

1,442

1,594

1,168

1,223

1,126

1,043

1,478

Noninterest expense:
Salaries and employee benefits

5,684

5,578

5,586

5,730

5,686

5,361

5,655

5,496

5,647

6,330

5,169

4,900

5,083

4,644

5,265

5,256

5,426

5,738

5,596

5,064

5,099

4,870

5,402

5,297

5,363

5,333

5,318

5,012

5,352

5,193

5,202

5,041

5,173

4,991

6,017

5,487

5,126

4,526

4,347

Occupancy

1,645

1,620

1,610

1,578

1,592

1,635

1,599

1,574

1,516

1,498

1,529

1,461

1,449

1,464

1,432

1,433

1,420

1,461

1,483

1,428

1,437

1,456

1,474

1,409

1,422

1,394

1,387

1,333

1,251

1,316

1,316

1,290

1,324

1,274

1,267

1,226

1,221

1,146

1,143

Equipment

1,120

1,033

1,039

1,018

1,093

980

1,061

997

942

984

882

882

866

883

865

912

906

971

1,025

953

945

926

956

905

914

948

853

851

872

846

800

811

812

825

792

808

766

734

734

Federal deposit insurance premiums

-

0

1

143

144

151

150

154

153

157

152

148

148

147

144

227

225

223

214

211

209

206

202

201

199

196

193

191

190

193

192

192

190

187

191

191

296

308

298

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-123

-198

-

-

0

0

-

-

-

Other general and administrative expenses

1,089

1,089

1,165

1,042

1,259

1,097

1,038

1,153

1,135

1,283

1,029

1,363

1,161

1,049

939

1,160

1,082

993

1,048

1,187

1,214

1,160

1,045

935

966

1,175

969

1,208

1,051

1,157

964

966

1,139

1,102

954

933

1,000

952

909

Total noninterest expense

9,538

9,320

9,401

9,511

9,774

9,224

9,503

9,374

9,393

10,252

8,761

8,754

8,707

8,187

8,645

8,988

9,059

9,386

9,366

8,843

8,904

8,618

9,079

8,747

8,864

9,046

8,720

8,595

8,716

8,705

8,597

8,498

8,638

8,379

9,221

8,645

8,409

7,666

7,431

Income before income taxes

6,063

6,193

7,141

6,475

8,497

6,380

6,054

6,310

6,579

5,455

6,753

6,952

6,904

7,221

6,956

6,661

6,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,092

6,360

5,920

5,884

5,735

5,745

5,642

5,651

6,129

5,905

5,808

5,645

5,758

5,961

5,771

6,016

4,904

5,440

5,127

4,973

5,139

Income taxes

1,590

1,148

1,775

1,415

1,973

1,737

1,268

1,347

1,759

3,288

2,580

2,651

2,583

2,859

2,792

2,624

2,512

2,463

2,406

2,523

2,394

2,430

2,273

2,026

2,180

2,137

2,298

2,244

2,167

1,840

2,111

2,115

2,231

2,598

1,918

2,055

2,127

1,839

1,904

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,784

-

3,686

3,837

3,526

3,454

3,462

3,719

3,462

3,514

3,831

3,661

3,641

-

3,647

3,846

-

-

-

-

-

-

-

Net income

4,473

5,045

5,366

5,060

6,524

4,643

4,786

4,963

4,820

2,167

4,173

4,301

4,321

-

4,164

4,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,540

-

2,986

3,385

3,000

3,134

3,235

Basic earnings per share (in dollars per share)

0.48

0.54

0.58

0.55

0.71

0.49

0.52

0.54

0.52

0.23

0.45

0.46

0.47

0.47

0.45

0.44

0.42

0.37

0.41

0.42

0.39

0.36

0.38

0.41

0.38

0.37

0.40

0.37

0.37

0.38

0.36

0.38

0.35

0.33

0.28

0.31

0.27

0.28

0.29

Diluted earnings per share (in dollars per share)

0.48

0.53

0.57

0.54

0.70

0.48

0.51

0.53

0.51

0.22

0.44

0.45

0.46

0.46

0.44

0.43

0.41

0.37

0.40

0.41

0.38

0.37

0.37

0.40

0.37

0.38

0.39

0.36

0.36

0.38

0.36

0.37

0.34

0.33

0.28

0.30

0.26

0.28

0.29

Cash dividends paid per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.18

0.18

0.18

-

-

-

-

-

-

-

-

-

0.13

0.13

0.12

-

0.11

0.11

0.10

0.09

0.09

0.09

0.07

0.07

0.05

Cash dividends declared per common share (in dollars per share)

0.23

0.73

0.22

0.32

0.22

0.42

0.22

0.30

0.20

0.50

0.30

0.20

0.20

-

-

-

-

0.27

0.17

0.16

0.16

-

0.15

0.15

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic weighted-average shares outstanding (in shares)

9,237

9,232

9,212

9,172

9,169

9,159

9,212

9,219

9,284

9,344

9,280

9,255

9,215

9,176

9,102

9,059

9,034

9,032

9,085

9,053

9,120

9,274

9,218

9,164

9,187

9,410

9,676

9,841

9,917

10,073

10,052

10,135

10,192

10,195

10,659

10,992

11,262

11,334

11,321

Diluted weighted-average shares outstanding (in shares)

9,319

9,416

9,295

9,276

9,313

9,345

9,377

9,394

9,484

9,623

9,521

9,539

9,445

9,271

9,325

9,345

9,305

9,123

9,301

9,307

9,319

9,218

9,323

9,346

9,380

9,382

9,809

10,070

10,117

9,905

10,199

10,303

10,444

10,429

10,835

11,120

11,360

11,344

11,321