Territorial Bancorp Inc. (TBNK) 10-Q Quarterly Report August 2020

The following information was filed by Territorial Bancorp Inc. (TBNK) on Friday, July 31, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Territorial Bancorp Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
Interest expense decreased by $1.2 million, or 27.2%, due to a 28 basis point decrease in the cost of average interest-bearing liabilities.

Financial - Income Highlight
In addition, income tax expense for the 38 three months ended June 30, 2019 included $419,000 of bank-owned life insurance proceeds that was not taxable, which lowered the effective tax rate.
Financial - Expense Highlight
The decrease in employee stock ownership plan expense is primarily due to a decline in our stock price, which is used to calculate this expense.
Financial - Expense Highlight
The decrease in employee stock ownership plan expense is primarily due to a decline in our stock price, which is used to calculate this expense.
Other - Other Highlight
Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements.
Financial - Expense
Noninterest expense decreased by $540,000...Read more
Financial - Expense
Noninterest expense decreased by $776,000...Read more
Financial - Expense
Interest expense decreased by $1.0...Read more
Financial - Expense
Interest expense decreased by $1.2...Read more
Other - Other
Cash and cash equivalents were...Read more
Financial - Income
Income tax expense for the...Read more
Financial - Income
Income tax expense for the...Read more
Financial - Expense
These forward-looking statements include, but...Read more
Financial - Expense
The decrease in interest expense...Read more
Financial - Income
In addition, income tax for...Read more
Financial - Shares
43 The tables below present...Read more
Financial - Shares
The increase in stockholders' equity...Read more
Financial - Expense
Interest expense on interest bearing...Read more
Revenue - Product
The significant majority of our...Read more
Other - Other
Our emphasis on conservative loan...Read more
Financial - Expense
Interest expense on securities sold...Read more
Revenue - Product
Our primary sources of funds...Read more
Other - Other
The growth in deposits was...Read more
Other - Other
On that date, we had...Read more
Other - Other
We believe, however, based on...Read more
Financial - Income
The decrease in interest income...Read more
Other - Other
For additional information see Note...Read more
Other - Other
For additional information see Note...Read more
Other - Other
The increase in the average...Read more
Other - Other
The securitization transaction lowered the...Read more
Revenue - Product
During the three months ended...Read more
Financial - Expense
Interest expense on Federal Home...Read more
Financial - Income
Income taxes were $1.6 million...Read more
Financial - Income
Income taxes were $3.2 million...Read more
Other - Other
The average balance of savings...Read more
Financial - Expense
The decrease in interest expense...Read more
Financial - Income
Interest income decreased by $1.1...Read more
Financial - Income
Noninterest income increased by $188,000...Read more
Financial - Income
Net interest income decreased by...Read more
Financial - Income
Interest income decreased by $1.2...Read more
Other - Other
Territorial Savings Bank is subject...Read more
Financial - Earnings
The decreases in the interest...Read more
Financial - Earnings
Excess liquid assets are invested...Read more
Other - Other
The decrease in average interest...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Territorial Bancorp Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

Ticker: TBNK
CIK: 1447051
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-20-009832
Submitted to the SEC: Fri Aug 07 2020 9:01:31 AM EST
Accepted by the SEC: Fri Aug 07 2020
Period: Tuesday, June 30, 2020
Industry: Savings Institution Federally Chartered

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Territorial Bancorp Inc. (TBNK) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

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