Territorial Savings Bank Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300UQKYO1TM87WD57

Tax ID: 99-0056630

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Territorial Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Territorial Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kahului, Hilo, and Kapaa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Territorial Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Territorial Savings Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.69% 4/22/24
    30 Year Conventional Refi 5.40% 4/22/24
    30 Year Cash-out Refi 5.43% 4/22/24
    15 Year Conventional Purchase 5.68% 4/22/24
    15 Year Conventional Refi 4.91% 4/22/24
    15 Year Cash-out Refi 4.91% 4/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Territorial Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Territorial Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    447

    Origination Dollar Volume (All Markets)

    $235,785,000

    Employee count

    273

    Awards

    Territorial Savings Bank 30 Year Conventional Loans silver Territorial Savings Bank 30 Year Conventional Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    URBAN HONOLULU, HI (FHA|USDA|VA) 436 $230,530,000 $528,739 $11,173 3.82%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 9 $4,395,000 $488,333 $9,312 3.90%
    Hilo, HI (FHA|USDA|VA) 1 $505,000 $505,000 $5,017 4.88%
    Kapaa, HI (FHA|USDA|VA) 1 $355,000 $355,000 $11,320 3.25%
    Territorial Savings Bank's top markets include Urban Honolulu, Kahului, Hilo, and Kapaa among others.

    Their top states include:
  • Hawaii (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Territorial Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Maui County Federal Credit Union
    Similarity Rank: 62
    University of Hawaii Federal Credit Union
    Similarity Rank: 150
    ALOHA PACIFIC
    Similarity Rank: 225
    HAWAIIAN FINANCIAL
    Similarity Rank: 228
    Territorial Savings Bank
    Similarity Rank: 244
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 352
    Central Pacific Bank
    Similarity Rank: 515
    Bank of Hawaii
    Similarity Rank: 524
    First Hawaiian Bank
    Similarity Rank: 575
    American Savings Bank, FSB
    Similarity Rank: 610

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 447 $235,785,000 $527,483 $11,118 3.83%

    For 2019, Territorial Savings Bank's most frequently originated type of loan was Conventional, with 447 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 224 $116,270,000 $519,063 $11,701 3.97%
    Cash Out Refi 161 $89,775,000 $557,609 $10,704 3.74%
    Refi 62 $29,740,000 $479,677 $10,272 3.53%

    For 2019, Territorial Savings Bank's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Cash Out Refi, with 161 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 436 $232,970,000 $534,335 $11,218 3.84%
    15 Year 11 $2,815,000 $255,909 $7,747 3.05%

    For 2019, Territorial Savings Bank's most frequently cited loan duration was 30 Year, with 436 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 271 $161,745,000 $596,845
    $4k-5k 39 $17,345,000 $444,744
    $2k-3k 36 $14,280,000 $396,667
    $1k-2k 18 $7,990,000 $443,889
    $3k-4k 18 $5,850,000 $325,000
    $<1k 2 $1,000,000 $500,000

    Territorial Savings Bank's average total fees were $11,218, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 299 $163,195,000 $545,803
    4-5% 136 $67,790,000 $498,456
    2.5-3% 8 $2,110,000 $263,750
    5-6% 4 $2,690,000 $672,500

    During 2019, Territorial Savings Bank's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 3-4%, with 299 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $45,555,000 $301,689 $8,097 3.82%
    $600k-1MM 124 $96,100,000 $775,000 $14,863 3.79%
    $400k-600k 119 $59,385,000 $499,034 $10,130 3.82%
    $100k-200k 26 $4,180,000 $160,769 $5,058 3.88%
    $1MM+ 25 $30,385,000 $1,215,400 $18,413 4.07%
    $100,000 or less 2 $180,000 $90,000 $4,834 3.38%

    2019 saw Territorial Savings Bank place emphasis on $200k-400k loans with 151 originations, totaling $45,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $54,810,000 $517,075 $11,648 3.85%
    $150k-250k 98 $63,030,000 $643,163 $12,611 3.85%
    $75k-100k 72 $29,960,000 $416,111 $9,561 3.69%
    $50k-75k 53 $16,855,000 $318,019 $8,264 3.79%
    $250k+ 29 $23,055,000 $795,000 $15,380 3.92%
    $50k or less 16 $4,100,000 $256,250 $7,030 3.88%

    Territorial Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 98 $49,820,000 $508,367 $10,765 3.82%
    20-30% 64 $29,410,000 $459,531 $10,422 3.89%
    44% 60 $34,950,000 $582,500 $11,654 3.88%
    43% 33 $17,815,000 $539,848 $12,052 3.79%
    40% 27 $14,855,000 $550,185 $12,586 3.76%
    <20% 25 $10,615,000 $424,600 $9,141 3.89%
    42% 24 $15,080,000 $628,333 $13,201 3.80%
    39% 23 $11,655,000 $506,739 $8,517 3.77%
    41% 22 $11,170,000 $507,727 $11,916 3.90%
    37% 22 $13,080,000 $594,545 $11,011 3.78%
    38% 15 $7,875,000 $525,000 $11,295 3.86%
    36% 11 $6,215,000 $565,000 $12,909 3.74%
    47% 3 $665,000 $221,667 $5,639 3.88%
    48% 2 $900,000 $450,000 $7,908 4.00%
    46% 1 $275,000 $275,000 $9,854 2.75%
    50-60% 1 $255,000 $255,000 $5,795 3.75%

    Territorial Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 98 originations. The next most common DTI ratio? 20-30%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 295 $141,375,000 $479,237 $10,653 3.81%
    Not applicable 68 $42,280,000 $621,765 $11,313 3.92%
    White 58 $38,120,000 $657,241 $12,778 3.85%
    Not provided 12 $6,740,000 $561,667 $12,602 3.88%
    Native Hawaiian or Islander 11 $5,825,000 $529,545 $12,477 3.65%
    Black 2 $1,180,000 $590,000 $12,665 3.44%
    American Indian 1 $265,000 $265,000 $3,752 4.00%

    Approval Rates

    Total approvals of all applications
    90.78%

    Territorial Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.80%

    Territorial Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 447 $235,785,000 $527,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 447 $235,785,000 $527,483

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $15,690,000 $326,875 $8,137 3.69%
    40-60% 84 $39,430,000 $469,405 $10,464 3.89%
    60-80% 244 $142,250,000 $582,992 $11,833 3.85%
    80-100% 65 $37,515,000 $577,154 $11,919 3.78%
    Under 20% 6 $900,000 $150,000 $4,967 3.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Territorial Savings Bank 1000 Bishop Street Honolulu, HI 96813 Full Service B&M $353,697
    Territorial Savings Bank 1016 Kapahulu Avenue, Suite 130 Honolulu, HI 96816 Full Service B&M $33,785
    Territorial Savings Bank 1108 12th Avenue, Suite C Honolulu, HI 96816 Full Service B&M $37,947
    Territorial Savings Bank 1111 Mccully Street Honolulu, HI 96826 Full Service B&M $51,045
    Territorial Savings Bank 1132 Bishop Street, Suite 2200 Honolulu, HI 96813 Limited, Administrative $0
    Territorial Savings Bank 1159 S Beretania Street Honolulu, HI 96814 Full Service B&M $38,620
    Territorial Savings Bank 1199 Dillingham Boulevard Honolulu, HI 96817 Full Service B&M $15,549
    Territorial Savings Bank 1279 S Kihei Rd Ste 311 Kihei, HI 96753 Full Service B&M $16,167
    Territorial Savings Bank 1450 Ala Moana Blvd, Suite 1052 Honolulu, HI 96814 Full Service B&M $100,258
    Territorial Savings Bank 1613 Nuuanu Avenue, Suite A15 Honolulu, HI 96817 Full Service B&M $110,908
    Territorial Savings Bank 1620 North School Street, Suite 136 Honolulu, HI 96817 Full Service B&M $18,502
    Territorial Savings Bank 170 Papalaua Street, Unit 3 Lahaina, HI 96761 Full Service B&M $35,153
    Territorial Savings Bank 19 Oneawa Street Kailua, HI 96734 Full Service B&M $58,147
    Territorial Savings Bank 275 West Kaahumanu Avenue, Suite 1045a Kahului, HI 96732 Full Service B&M $52,929
    Territorial Savings Bank 2752 Woodlawn Drive No. 5-110 Honolulu, HI 96822 Full Service B&M $63,546
    Territorial Savings Bank 315 Makaala Street, Suite 102 Hilo, HI 96720 Full Service B&M $97,453
    Territorial Savings Bank 377 Keahole Street Honolulu, HI 96825 Full Service B&M $58,037
    Territorial Savings Bank 4393 Kukui Grove Street, Suite 103 Lihue, HI 96766 Full Service B&M $15,867
    Territorial Savings Bank 46-005 Kawa Street, Suite 102 Kaneohe, HI 96744 Full Service B&M $75,111
    Territorial Savings Bank 480 Kamokila Boulevard, Suite 105 Kapolei, HI 96709 Full Service B&M $13,462
    Territorial Savings Bank 4819 Kilauea Avenue, Suite 4 Honolulu, HI 96816 Full Service B&M $63,141
    Territorial Savings Bank 735 Keeaumoku Street, Suite 108 Honolulu, HI 96814 Full Service B&M $60,297
    Territorial Savings Bank 75-1027 Henry Street, #111b Kailua-Kona, HI 96740 Full Service B&M $25,541
    Territorial Savings Bank 820 W Hind Drive, Suite 118 Honolulu, HI 96821 Full Service B&M $44,097
    Territorial Savings Bank 848 Ala Lilikoi Street, Suite 107 Honolulu, HI 96818 Full Service B&M $54,089
    Territorial Savings Bank 850 Kamehameha Highway, Suite B2 Pearl City, HI 96782 Full Service B&M $32,254
    Territorial Savings Bank 94-050 Farrington Hwy Waipahu, HI 96797 Full Service B&M $45,079
    Territorial Savings Bank 94-1221 Ka Uka Boulevard, Suite 102 Waipahu, HI 96797 Full Service B&M $18,851
    Territorial Savings Bank 95-1249 Meheula Parkway, Suite 168 Mililani, HI 96789 Full Service B&M $37,394
    Territorial Savings Bank 98-084 Kamehameha Highway Aiea, HI 96701 Full Service B&M $53,837

    For 2019, Territorial Savings Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $75,650
    Net interest income $58,589
    Total noninterest income $4,887
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $736
    Trading account gains and fees $0
    Additional Noninterest Income $4,151
    Pre-tax net operating income $26,080
    Securities gains (or losses, -) $2,910
    Income before extraordinary items $22,502
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,502
    Minority interest net income $0
    Net income $22,502
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,203

    Territorial Savings Bank's gross interest income from loans was $75,650,000.
    Territorial Savings Bank's net interest income from loans was $58,589,000.
    Territorial Savings Bank's fee based income from loans was $736,000.
    Territorial Savings Bank's net income from loans was $22,502,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,061
    Provision for credit losses $61
    Total noninterest expense $37,335
    Salaries and employee benefits $21,898
    Premises and equipment expense $8,268
    Additional noninterest expense $7,169
    Applicable income taxes $6,488
    Net charge-offs $-9
    Cash dividends $21,250

    Territorial Savings Bank's interest expense for loans was $17,061,000.
    Territorial Savings Bank's payroll and benefits expense were $21,898,000.
    Territorial Savings Bank's property, plant and equipment expenses $8,268,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,668,739
    Deposits held in domestic offices $1,668,739
    Deposits by Individuals, partnerships, and corporations $1,457,886
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $209,698
    Deposits by Commercial banks and other depository institutions in U.S. $1,154
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $309,843
    Demand deposits $91,686
    Nontransaction accounts $1,358,895
    Money market deposit accounts (MMDAs) $4,916
    Other savings deposits (excluding MMDAs) $890,036
    Total time deposits $463,943
    Total time and savings deposits $1,577,052
    Noninterest-bearing deposits $70,023
    Interest-bearing deposits $1,598,716
    Retail deposits $1,397,256
    IRAs and Keogh plan accounts $34,429
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,086,295
    Cash & Balances due from depository institutions $44,824
    Interest-bearing balances $35,235
    Total securities $372,512
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,585,279
    Loan and leases loss allowance $2,712
    Trading account assets $0
    Bank premises and fixed assets $15,856
    Other real estate owned $0
    Goodwill and other intangibles $503
    All other assets $67,321

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,086,295
    Total Liabilities $1,866,457
    Total deposits $1,668,739
    Interest-bearing deposits $1,598,716
    Deposits held in domestic offices $1,668,739
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $10,000
    Trading liabilities $0
    Other borrowed funds $168,183
    Subordinated debt $0
    All other liabilities $19,535

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,585,279
    Loan and leases loss allowance $2,712
    Total loans and leases (domestic) $1,587,991
    All real estate loans $1,580,712
    Real estate loans in domestic offices $1,580,712
    Construction and development loans $12,321
    Residential 1-4 family construction $7,586
    Other construction, all land development and other land $4,735
    Loans secured by nonfarm nonresidential properties $11,061
    Nonfarm nonresidential secured by owner-occupied properties $7,035
    Commercial real estate & other non-farm, non-residential $4,026
    Multifamily residential real estate $9,965
    1-4 family residential loans $1,547,365
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,956
    To non-U.S. addressees $0
    Loans to individuals $727
    Credit card loans $0
    Related Plans $359
    Consumer Auto Loans $0
    Other loans to individuals $368
    All other loans & leases $37
    Loans to foreign governments and official institutions $0
    Other loans $37
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $36,692
    Restructured Loans & leases $578
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Territorial Savings Bank had $1,585,279,000 of loans outstanding in 2019. $1,580,712,000 of loans were in real estate loans. $12,321,000 of loans were in development loans. $9,965,000 of loans were in multifamily mortgage loans. $1,547,365,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 9 $2,826 $314,000
    Nonfarm, nonresidential loans - $100-250k 1 $102 $102,000
    Nonfarm, nonresidential loans - $250k-1MM 8 $2,724 $340,500
    Commercial & Industrial, US addressed loans - <$1MM 47 $4,334 $92,213
    Commercial & Industrial, US addressed loans - <$100k 24 $433 $18,042
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,056 $105,600
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $2,845 $218,846