- The company’s tier one to control and you may exposure-situated funding rates have been % and you can %, correspondingly, plus the Company is said to be well-capitalized at .
- Ratio regarding non-starting possessions so you can complete property out of 0.11% in the .
HONOLULU, (World NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (the company), based inside Honolulu, Hawaii, this new holding organization parent off Territorial Savings Lender, said an internet death of $step 1,318,000, or $0.15 for every single diluted show, with the 3 months ended .
The fresh Panel off Administrators recognized a bonus from $0.01 for every show. The fresh bonus is anticipated getting paid back towards , to help you stockholders out-of record as of .
Due to the fact in earlier times established in a mutual pr release provided , Vow Bancorp, Inc. (NASDAQ: HOPE) (Pledge Bancorp) while the Providers finalized a definitive merger arrangement. Underneath the regards to the fresh merger agreement, Providers stockholders will get a predetermined exchange proportion out of 0.8048 express of Vow Bancorp prominent inventory in return for for every share of Business prominent stock they’ve, in the an effective 100% stock-for-stock exchange valued from the approximately $ billion, in line with the closure cost of Promise Bancorp’s well-known stock towards . The order is meant to qualify because the a taxation-100 % free reorganization having Territorial stockholders.
The fresh new grows in attract income on the almost every other assets and you will money during the fresh new quarter were partly offset of the a great $264,000 reduced total of focus to your investment ties, hence occurred due to an effective $ million reduced amount of the typical securities balance
Through to conclusion of one’s transaction, Promise Bancorp intends to maintain the Territorial business in The state and uphold the new 100-and seasons legacy of one’s Territorial Savings Bank brand name, community and you will commitment to your local organizations.