Territorial Bancorp Inc.
tsbhawaii.bankNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Mar 31, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Aug 12, 2025.
10-K for FY2024, filed Mar 31, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Offers deposit accounts and residential mortgage loans, plus other banking and investment services, to individuals, families and businesses in Hawaii.
10-K for FY2024, filed Mar 31, 2025Territorial Savings Bank is a Hawaii state-chartered savings bank headquartered in Honolulu, Hawaii. Territorial Savings Bank was organized…View ↗
Territorial Savings Bank’s business consists primarily of accepting deposits from the general public and investing those deposits, together…View ↗
Our primary lending activity is the origination of one- to four-family residential mortgage loans. To a much lesser extent, we also…View ↗
How Did They Make Money?
The bank earns interest and fees from customer loans, fees from deposit services, and income on securities. It generally collects service fees when the related service is provided.
10-K for FY2024, filed Mar 31, 2025The Company has one reportable segment: banking operations. Loans, securities, deposits, and non-interest income provide the revenues of…View ↗
The Company’s contracts with customers are generally short-term in nature, with cycles of one year or less. These can range from an…View ↗
After analyzing the Company’s revenue sources, including the amount of revenue received, the timing of services rendered, and the timing of…View ↗
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10-K for FY2024, filed Mar 31, 2025
FY2024 revenue by product or service ↗
$1.6M
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10-K for FY2024, filed Mar 31, 2025
$1.6M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service and Other Fees
|
74% |
Service and Other Fees, FY2024
$1.2M Sources
|
|
Other
|
26%
FY2021: 100%
|
Other, FY2024
$415K Sources
|
Who Were Their Customers?
Individuals, families and businesses use its Hawaii branches for deposits and loans; mortgage applications also come through brokers, mortgage bankers and other financial institutions, and the bank refers some applicants to other lenders.
10-K for FY2024, filed Mar 31, 2025Territorial Savings Bank is a Hawaii state-chartered savings bank headquartered in Honolulu, Hawaii. Territorial Savings Bank was organized…View ↗
Loan Originations, Purchases, Sales and Servicing. All mortgage loans that we originate are underwritten pursuant to our policies and…View ↗
Deposits. At December 31, 2024, deposits totaled $1.7 billion, or 89.4% of total liabilities. We offer a variety of deposit accounts with a…View ↗
Did Revenues Turn Into Profits?
No. It lost $4.3M in FY2024.
How Were They Changing?
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Apr 2, 2025
Hope Bancorp completed its merger with Territorial Bancorp
Territorial Bancorp ceased to exist, and its shares were delisted following the merger.
Sources
8-K, filed Apr 2, 2025
On April 2, 2025, at 12:01 a.m., Hawaii Time, the Merger was consummated. Immediately thereafter, the Bank Merger was consummated.View ↗
Shrank. Revenue fell 48% in 4 years, from $3.1M in FY2020 to $1.6M in FY2024, about 15% a year.
Insurance agency activities ended
The earlier report says the bank conducted insurance agency activities through Territorial Financial Services; the latest report says that subsidiary was dissolved.
10-K for FY2021, filed Mar 21, 2022 10-K for FY2024, filed Mar 31, 2025Territorial Savings Bank’s business consists primarily of accepting deposits from the general public and investing those deposits, together…View ↗
Territorial Savings Bank had one subsidiary, Territorial Financial Services, Inc., that was dissolved during the year ended December 31…View ↗
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