Territorial Bancorp Inc. TBNK Income Statement

Territorial bancorp inc. (TBNK)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	26,538	26,272	0	0	0
Loans
62,986	63,137	62,925	62,099	60,980	60,279	59,096	57,895	56,538	55,144	53,985	53,200	52,320	51,168	50,202	48,959	47,578	45,903	44,061	42,272	40,766	39,620	38,606	37,853	37,292	36,982	36,936	36,856	36,767	36,566	36,439	36,050	35,703	35,557	35,351	35,135	0	0	0
Investment securities
11,368	11,459	11,536	11,703	11,978	12,236	12,481	12,618	12,574	12,526	12,572	12,899	13,571	14,365	15,099	15,701	16,225	16,873	17,592	18,389	19,201	19,752	20,149	20,029	19,461	18,941	19,398	0	0	-	0	-	-	-	-	-	-	-	-
Dividends on FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
1,090	972	913	902	814	786	715	678	674	663	659	609	583	540	514	457	381	316	306	317	282	243	189	163	194	252	313	352	373	359	326	323	317	325	373	387	0	0	0
Total interest income
75,444	75,568	75,374	74,704	73,772	73,301	72,292	71,191	69,786	68,333	67,216	66,708	66,474	66,073	65,815	65,117	64,184	63,092	61,956	60,975	60,246	59,615	58,947	58,048	56,950	56,175	55,960	56,695	58,402	60,149	61,809	62,773	63,016	62,733	62,262	61,794	0	0	0
Interest expense:
Deposits
13,363	13,463	13,095	12,612	11,788	11,015	10,247	9,381	8,466	7,666	7,029	6,481	6,176	5,933	5,698	5,411	5,095	4,821	4,628	4,568	4,517	4,474	4,403	4,296	4,267	4,296	4,517	4,978	5,486	5,936	6,305	6,513	6,632	6,770	7,664	8,934	0	0	0
Advances from the Federal Home Loan Bank
3,686	3,346	3,064	2,584	2,146	2,010	1,697	1,468	1,270	1,105	1,042	1,037	1,032	1,035	1,031	983	884	697	505	361	270	266	266	266	265	302	340	378	417	418	419	419	419	401	349	289	0	0	0
Securities sold under agreements to repurchase
173	218	301	384	469	504	540	636	727	818	874	873	874	876	877	878	903	997	1,122	1,247	1,347	1,378	1,454	0	0	-	0	-	-	-	-	-	-	-	4,223	4,213	0	0	0
Securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-
Total interest expense
17,222	17,027	16,460	15,580	14,403	13,529	12,484	11,485	10,463	9,589	8,945	8,391	8,082	7,844	7,606	7,272	6,882	6,515	6,255	6,176	6,134	6,118	6,015	5,984	6,082	6,282	6,738	7,444	8,351	9,229	10,049	10,695	11,035	11,285	12,236	13,436	0	0	0
Net interest income
58,222	58,541	58,914	59,124	59,369	59,772	59,808	59,706	59,323	58,744	58,271	58,317	58,392	58,229	58,209	57,845	57,302	56,577	55,701	54,799	54,112	53,497	52,932	52,064	50,868	49,893	49,222	49,251	50,051	50,920	51,760	52,078	51,981	51,448	50,026	48,358	0	0	0
Provision for loan losses
273	61	165	4	115	119	69	173	-10	52	93	146	353	310	308	272	289	455	538	490	545	360	180	202	30	39	290	412	349	415	507	301	394	418	201	398	0	0	0
Net interest income after provision for loan losses
57,949	58,480	58,749	59,120	59,254	59,653	59,739	59,533	59,333	58,692	58,178	58,171	58,039	57,919	57,901	57,573	57,013	56,122	55,163	54,309	53,567	53,137	52,752	51,862	50,838	49,854	48,932	48,839	49,702	50,505	51,409	0	0	-	0	-	-	0	0
Noninterest income:
Service fees on loan and deposit accounts
1,952	1,937	1,941	1,907	1,909	1,886	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service fees on loan and deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	2,060	1,960	2,006	2,103	2,157	2,161	2,021	1,986	1,983	2,022	2,143	2,186	2,230	2,232	2,237	2,083	1,995	2,044	2,008	0	0	-	0	-	-	-	-
Net interest income after provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Income on bank-owned life insurance
830	835	850	851	857	865	873	885	896	907	920	932	945	966	983	1,002	1,018	1,026	1,033	1,039	1,047	1,060	1,089	1,119	1,113	1,066	1,010	954	930	942	949	955	962	968	981	990	0	0	0
Gain on sale of investment securities
371	2,910	2,955	0	0	-	-	0	-	431	0	0	0	-	0	0	-	701	868	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,339	2,846	1,994	1,234	1,040	685	513	451	140	348	0	0	0
Gain on sale of loans
1,941	1,540	1,222	25	35	72	106	126	179	199	256	342	408	406	367	454	435	503	553	470	446	396	434	681	975	1,541	2,285	2,589	2,615	2,411	1,853	1,322	1,008	711	539	576	0	0	0
Other
599	610	731	728	299	296	313	337	334	347	306	326	352	392	421	463	476	520	525	455	436	436	428	503	488	427	420	418	452	437	455	491	668	697	664	589	0	0	0
Total noninterest income
5,693	7,832	7,654	6,298	5,862	3,164	3,181	3,344	3,566	3,846	4,061	4,155	4,230	4,094	4,252	4,437	4,551	4,911	4,824	5,034	5,065	5,177	5,757	6,682	7,714	8,716	9,291	8,890	7,986	7,068	6,365	5,611	5,427	5,111	4,560	4,870	0	0	0
Noninterest expense:
Salaries and employee benefits
22,578	22,580	22,363	22,432	22,198	22,159	23,128	22,642	22,046	21,482	19,796	19,892	20,248	20,591	21,685	22,016	21,824	21,497	20,629	20,435	20,668	20,932	21,395	21,311	21,026	21,015	20,875	20,759	20,788	20,609	20,407	21,222	21,668	21,621	21,156	19,486	0	0	0
Occupancy
6,453	6,400	6,415	6,404	6,400	6,324	6,187	6,117	6,004	5,937	5,903	5,806	5,778	5,749	5,746	5,797	5,792	5,809	5,804	5,795	5,776	5,761	5,699	5,612	5,536	5,365	5,287	5,216	5,173	5,246	5,204	5,155	5,091	4,988	4,860	4,736	0	0	0
Equipment
4,210	4,183	4,130	4,152	4,131	3,980	3,984	3,805	3,690	3,614	3,513	3,496	3,526	3,566	3,654	3,814	3,855	3,894	3,849	3,780	3,732	3,701	3,723	3,620	3,566	3,524	3,422	3,369	3,329	3,269	3,248	3,240	3,237	3,191	3,100	3,042	0	0	0
Federal deposit insurance premiums
-	288	439	588	599	608	614	616	610	605	595	587	666	743	819	889	873	857	840	828	818	808	798	789	779	770	767	766	767	767	761	760	759	865	986	1,093	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-
Other general and administrative expenses
4,385	4,555	4,563	4,436	4,547	4,423	4,609	4,600	4,810	4,836	4,602	4,512	4,309	4,230	4,174	4,283	4,310	4,442	4,609	4,606	4,354	4,106	4,121	4,045	4,318	4,403	4,385	4,380	4,138	4,226	4,171	4,161	4,128	3,989	3,839	3,794	0	0	0
Total noninterest expense
37,770	38,006	37,910	38,012	37,875	37,494	38,522	37,780	37,160	36,474	34,409	34,293	34,527	34,879	36,078	36,799	36,654	36,499	35,731	35,444	35,348	35,308	35,736	35,377	35,225	35,077	34,736	34,613	34,516	34,438	34,112	34,736	34,883	34,654	33,941	32,151	0	0	0
Income before income taxes
25,872	28,306	28,493	27,406	27,241	25,323	24,398	25,097	25,739	26,064	27,830	28,033	27,742	27,134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,256	23,899	23,284	23,006	22,773	23,167	23,327	23,493	23,487	23,116	23,172	23,135	23,506	22,652	22,131	21,487	20,444	20,679	0	0	0
Income taxes
5,928	6,311	6,900	6,393	6,325	6,111	7,662	8,974	10,278	11,102	10,673	10,885	10,858	10,787	10,391	10,005	9,904	9,786	9,753	9,620	9,123	8,909	8,616	8,641	8,859	8,846	8,549	8,362	8,233	8,297	9,055	8,862	8,802	8,698	7,939	7,925	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,006	-	14,503	14,279	14,161	14,097	14,157	14,526	14,468	14,647	14,780	14,795	0	-	0	0	-	-	-	-	-	-	-
Net income
19,944	21,995	21,593	21,013	20,916	19,212	16,736	16,123	15,461	14,962	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	12,505	12,754	0	0	0
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