Territorial Savings Bank Mortgage Rates, Fees & Info
Honolulu, HILEI: 549300UQKYO1TM87WD57
Tax ID: 99-0056630
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Mortgage Data
Bank Data
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% | 12/16/24 |
30 Year Conventional Refi | 5.40% | 12/16/24 |
30 Year Cash-out Refi | 5.43% | 12/16/24 |
15 Year Conventional Purchase | 5.68% | 12/16/24 |
15 Year Conventional Refi | 4.91% | 12/16/24 |
15 Year Cash-out Refi | 4.91% | 12/16/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
447Origination Dollar Volume (All Markets)
$235,785,000Employee count
273 Show all (2) awardsTerritorial Savings Bank - 2019
Territorial Savings Bank is a 2019 , due to their low .
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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% |
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.
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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
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
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
2019 saw Territorial Savings Bank place emphasis on $200k-400k loans with 151 originations, totaling $45,555,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.78%
Territorial Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.80%
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
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 |