Tax work for for the 90 days finished try $611,000 which have an effective taxation rate off ()% versus income tax expense of $335,000 that have good taxation price out of % on the 90 days finished . The brand new decrease in taxation bills try generally because of good $step 3.fourteen million reduction of income ahead of taxes within the one-fourth.

Full possessions was $2.20 million in the . Capital securities, also in the market securities, decreased by $ million to help you $ billion during the . Brand new decrease in investment bonds taken place on account of prominent repayments into the mortgage-supported ties. Funds receivable decreased from the $ million to $step one.29 billion from the . The new reduction of finance receivable taken place since the mortgage costs and you can transformation exceeded the fresh new financing originations. Cash and cash competitors improved of the $ billion in order to $ mil within on account of increases within the dumps and you https://paydayloanalabama.com/concord/ can prominent money on mortgage-recognized bonds as well as on fund receivable.

The new ratio of allotment to own borrowing from the bank losings to low-doing funds try % on

Dumps increased by $ mil of $1.64 mil at . The rise from inside the places is primarily because of dumps out-of condition and you can local governing bodies. The rise for the places was utilized having principal money into mortgage-backed bonds and you can loans receivable to repay $ million out-of maturing Federal Financial Financial (FHLB) enhances in the one-fourth. FHLB enhances reduced from the $ billion to help you $ mil at .

The organization didn’t come with delinquent mortgage loans 90 days or higher overdue during the . Non-performing possessions totaled $dos.34 million from the , versus $dos.26 billion at . The newest proportion away from low-undertaking assets so you can overall possessions was 0.11% at the . The allotment for credit loss are $5.06 mil within , versus $5.twelve mil within , representing 0.39% regarding complete loans for both symptoms.

Territorial Bancorp Inc., headquartered for the Honolulu, The state, is the inventory carrying company for Territorial Savings Bank. Territorial Discounts Lender performs providers from its headquarters inside Honolulu, Their state and also twenty-eight branch offices in the condition out-of Hawaii. To learn more, please go to the company’s site on:

About the the advised merger, Vow Bancorp, Inc. submitted on Securities and you may Replace Fee (“SEC”) a subscription Report into Setting S-cuatro on , including a Proxy Report of Territorial Bancorp Inc. that also constitutes a prospectus away from Promise Bancorp, Inc. Territorial Bancorp stockholders are encouraged to have a look at Registration Report and the fresh Proxy Statement/Prospectus regarding your merger and any other relevant data files recorded that have brand new SEC, plus any amendments or drugs to those documents, as they have a tendency to contain important info about the recommended merger. Territorial Bancorp stockholders are able to receive a free of charge backup from the newest Proxy Statement/Prospectus, along with other filings that has information about Promise Bancorp and you may Territorial Bancorp from the SEC’s Website ().

Territorial Savings Bank is actually a state-chartered offers financial that has been to begin with chartered inside 1921 of the Territory away from The state

This money launch consists of send-lookin statements, that is recognized by using terminology instance “estimate,” “enterprise,” “faith,” “intend,” “acceptance,” “bundle,” “search,” “expect,” “often,” “may” and terms from similar meaning. Such forward-appearing comments is, but they are not restricted so you can:

These forward-searching comments are derived from all of our current viewpoints and you may expectations and you may was inherently subject to high team, financial and you may aggressive concerns and contingencies, some of which was past our handle. Additionally, these types of give-looking comments is at the mercy of assumptions in terms of upcoming team tips and you may behavior that are susceptible to alter. We are below no duty so you’re able to plus don’t simply take people responsibility in order to change one give-appearing comments pursuing the day in the earnings discharge.