Territorial Bancorp Inc. (TBNK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1003 BISHOP STREET
HONOLULU, HI 96813
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,55399,859363,54344,80647,06332,089
Cash and cash equivalents40,55399,859363,54344,80647,06332,089
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:40,55399,859363,54344,80647,06332,089
Noncurrent Assets
Operating lease, right-of-use asset14,4989,98212,33311,580
Property, plant and equipment7,5994,0654,8554,3704,8235,721
Intangible assets, net (including goodwill)  323407503226263
Intangible assets, net (excluding goodwill)  323407503226263
Deferred income tax assets1,6431,9273,3822,619
Total noncurrent assets:23,74016,29720,97719,0725,0495,984
Other undisclosed assets2,105,2992,014,4461,726,2792,022,4352,017,0941,965,773
TOTAL ASSETS:2,169,5922,130,6022,110,7992,086,3132,069,2062,003,846
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1,8632,1612,305  
Taxes payable1,8632,1612,305  
Debt10,00010,00010,00010,00030,00030,000
Total current liabilities:10,00011,86312,16112,30530,00030,000
Noncurrent Liabilities
Other undisclosed liabilities1,903,0421,862,4171,849,9301,830,1181,804,1271,738,992
Total liabilities:1,913,0421,874,2801,862,0911,842,4231,834,1271,768,992
Equity
Equity, attributable to parent, including:256,550256,322248,708243,890235,079234,854
Common stock919395979799
Additional paid in capital51,82556,95161,15365,05765,09073,050
Accumulated other comprehensive loss(7,744)(5,524)(8,691)(7,668)(7,809)(5,694)
Retained earnings215,314208,227200,066190,808182,594172,782
Other undisclosed equity, attributable to parent(2,936)(3,425)(3,915)(4,404)(4,893)(5,383)
Total equity:256,550256,322248,708243,890235,079234,854
TOTAL LIABILITIES AND EQUITY:2,169,5922,130,6022,110,7992,086,3132,069,2062,003,846

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,4203,1903,0512,5472,18257,968
Gain (loss) on disposition of assets for financial service operations(3)6631,7041,884 
Net investment income46,49149,57260,14264,10961,06555,807
Cost of revenue  (1,625)(61)(119)(52)
Provision for loan, lease, and other losses  (1,625)(61) 
Financial services costs(119)(52)
Gross profit:3,4203,1901,4262,4862,06357,916
Operating expenses(10,960)(11,147)(10,666)(10,955)(32,906)(32,255)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,004727389610296347
Operating income (loss):(5,536)(7,230)(8,851)(7,859)(30,547)26,008
Nonoperating income7927798078359101,338
Investment income, nonoperating     45431
Bank owned life insurance income792779807835865907
Interest and debt expense(7,215)(6,276)(12,191)(17,027)(13,529)(9,589)
Income (loss) from continuing operations before equity method investments, income taxes:(11,959)(12,727)(20,235)(24,051)(43,166)17,757
Other undisclosed income from continuing operations before income taxes33,43336,53045,55552,35768,4898,307
Income from continuing operations before income taxes:21,47423,80325,32028,30625,32326,064
Income tax expense(5,318)(6,373)(6,715)(6,311)(6,111)(11,102)
Income from continuing operations:16,15617,43018,60521,99519,21214,962
Income before gain (loss) on sale of properties:17,43018,60521,99519,21214,962
Net income attributable to parent:16,15617,43018,60521,99519,21214,962
Preferred stock dividends and other adjustments(98)(75)(78)(149)(90)(27)
Net income available to common stockholders, diluted:16,05817,35518,52721,84619,12214,935

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:16,15617,43018,60521,99519,21214,962
Comprehensive income:16,15617,43018,60521,99519,21214,962
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,220)3,167(1,023)141(980)(378)
Comprehensive income, net of tax, attributable to parent:13,93620,59717,58222,13618,23214,584

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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