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The Honolulu Advertiser
Posted on: Friday, May 7, 2010

Territorial Bancorp reports first-quarter earnings of $1.46M

Advertiser Staff

The parent of Territorial Savings Bank today reported first quarter earnings of $1.46 million, or 13 cents per share.

The results were off 45 percent from first quarter 2009's $2.67 million.

Territorial Bancorp Inc. said it took a pre-tax, $2.4 million impairment charge on some of its investments in trust preferred securities. Minus the charge, the company said it would have earned $2.92 million, or 26 cents per share.