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 Refi 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 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

    577

    Origination Dollar Volume (All Markets)

    $289,385,000

    Employee count

    273

    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) 549 $277,855,000 $506,111 $9,286 3.12%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 17 $7,655,000 $450,294 $8,304 3.06%
    Hilo, HI (FHA|USDA|VA) 8 $3,100,000 $387,500 $8,740 3.09%
    Kapaa, HI (FHA|USDA|VA) 3 $775,000 $258,333 $7,833 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.

    HAWAIIAN FINANCIAL
    Similarity Rank: 92
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 112
    ALOHA PACIFIC
    Similarity Rank: 124
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    American Mortgage and Insurance Inc.
    Similarity Rank: 495
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 568
    Territorial Savings Bank
    Similarity Rank: 572
    American Savings Bank, FSB
    Similarity Rank: 740
    First Hawaiian Bank
    Similarity Rank: 776
    Central Pacific Bank
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 577 $289,385,000 $501,534 $9,241 3.12%

    For 2020, Territorial Savings Bank's most frequently originated type of loan was Conventional, with 577 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 245 $111,715,000 $455,980 $8,297 3.02%
    Cash Out Refi 232 $121,900,000 $525,431 $9,146 3.15%
    Home Purchase 96 $54,450,000 $567,188 $11,913 3.32%
    Home Improvement 4 $1,320,000 $330,000 $8,524 3.03%

    For 2020, Territorial Savings Bank's most frequently cited loan purpose was Refi, with 245 originations. The 2nd most popular reason was Cash Out Refi, with 232 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 541 $276,755,000 $511,562 $9,312 3.15%
    15 Year 26 $9,360,000 $360,000 $8,490 2.45%
    20 Year 6 $1,800,000 $300,000 $6,956 3.02%
    Other 4 $1,470,000 $367,500 $8,943 3.00%

    For 2020, Territorial Savings Bank's most frequently cited loan duration was 30 Year, with 541 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 233 $147,225,000 $631,867
    $3k-4k 73 $32,765,000 $448,836
    $2k-3k 67 $24,385,000 $363,955
    $4k-5k 65 $28,055,000 $431,615
    $1k-2k 59 $22,665,000 $384,153
    $<1k 19 $10,965,000 $577,105

    Territorial Savings Bank's average total fees were $9,312, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 233 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 308 $164,470,000 $533,994
    2.5-3% 245 $115,845,000 $472,837
    <2.5% 21 $7,805,000 $371,667
    4-5% 3 $1,265,000 $421,667

    During 2020, Territorial Savings Bank's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 308 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 205 $61,265,000 $298,854 $6,441 3.08%
    $400k-600k 152 $75,740,000 $498,289 $9,027 3.09%
    $600k-1MM 137 $103,035,000 $752,080 $11,860 3.16%
    $100k-200k 44 $7,180,000 $163,182 $4,761 3.18%
    $1MM+ 35 $41,845,000 $1,195,571 $19,709 3.31%
    $100,000 or less 4 $320,000 $80,000 $4,020 2.84%

    2020 saw Territorial Savings Bank place emphasis on $200k-400k loans with 205 originations, totaling $61,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 153 $73,545,000 $480,686 $8,913 3.06%
    $150k-250k 128 $84,950,000 $663,672 $11,360 3.15%
    $50k-75k 71 $21,355,000 $300,775 $6,881 3.10%
    $250k+ 70 $52,020,000 $743,143 $13,333 3.18%
    $75k-100k 70 $26,090,000 $372,714 $7,572 3.15%
    $50k or less 24 $4,660,000 $194,167 $5,394 3.03%

    Territorial Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 153 originations. The second most popular income band? $150k-250k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 140 $63,560,000 $454,000 $8,285 3.04%
    30-36% 125 $61,185,000 $489,480 $9,283 3.15%
    <20% 67 $32,615,000 $486,791 $9,059 3.04%
    43% 34 $16,130,000 $474,412 $8,699 3.15%
    39% 33 $17,625,000 $534,091 $10,075 3.15%
    42% 32 $17,560,000 $548,750 $10,256 3.24%
    44% 31 $19,285,000 $622,097 $9,878 3.11%
    41% 27 $12,805,000 $474,259 $8,751 3.31%
    40% 25 $13,835,000 $553,400 $9,566 3.19%
    38% 19 $12,155,000 $639,737 $11,210 3.14%
    37% 16 $9,430,000 $589,375 $11,332 3.23%
    36% 13 $5,865,000 $451,154 $6,155 3.27%
    48% 4 $2,000,000 $500,000 $15,153 3.06%
    49% 3 $1,235,000 $411,667 $9,191 2.54%
    46% 3 $1,825,000 $608,333 $12,516 2.75%
    47% 3 $885,000 $295,000 $7,633 2.92%
    45% 2 $1,390,000 $695,000 $13,125 3.38%

    Territorial Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 140 originations. The next most common DTI ratio? 30-36%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 434 $209,860,000 $483,548 $8,981 3.09%
    White 89 $52,185,000 $586,348 $10,146 3.19%
    Not provided 20 $13,370,000 $668,500 $11,257 3.22%
    Native Hawaiian or Islander 21 $8,195,000 $390,238 $8,577 3.14%
    Not applicable 6 $3,430,000 $571,667 $15,431 3.54%
    American Indian 2 $650,000 $325,000 $9,729 3.25%
    Black 2 $600,000 $300,000 $6,841 3.13%
    Vietnamese 1 $455,000 $455,000 $5,662 3.00%
    Filipino 1 $355,000 $355,000 $8,102 3.13%
    Japanese 1 $285,000 $285,000 $7,103 3.13%

    Approval Rates

    Total approvals of all applications
    88.90%

    Territorial Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.15%

    Territorial Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 577 $289,385,000 $501,534

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 577 $289,385,000 $501,534

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $36,155,000 $337,897 $6,848 3.04%
    40-60% 175 $82,575,000 $471,857 $8,820 3.06%
    60-80% 244 $146,000,000 $598,361 $10,492 3.19%
    80-100% 36 $21,810,000 $605,833 $10,859 3.26%
    Under 20% 15 $2,845,000 $189,667 $4,901 2.94%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Territorial Savings Bank 1000 Bishop Street Honolulu, HI 96813 Full Service B&M $287,121
    Territorial Savings Bank 1016 Kapahulu Avenue, Suite 130 Honolulu, HI 96816 Full Service B&M $34,329
    Territorial Savings Bank 1108 12th Avenue, Suite C Honolulu, HI 96816 Full Service B&M $40,167
    Territorial Savings Bank 1111 Mccully Street Honolulu, HI 96826 Full Service B&M $49,759
    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 $41,673
    Territorial Savings Bank 1199 Dillingham Boulevard Honolulu, HI 96817 Full Service B&M $14,838
    Territorial Savings Bank 1279 S Kihei Rd Ste 311 Kihei, HI 96753 Full Service B&M $15,409
    Territorial Savings Bank 1450 Ala Moana Blvd, Suite 1052 Honolulu, HI 96814 Full Service B&M $112,181
    Territorial Savings Bank 1613 Nuuanu Avenue, Suite A15 Honolulu, HI 96817 Full Service B&M $118,374
    Territorial Savings Bank 1620 North School Street, Suite 136 Honolulu, HI 96817 Full Service B&M $17,809
    Territorial Savings Bank 170 Papalaua Street, Unit 3 Lahaina, HI 96761 Full Service B&M $37,576
    Territorial Savings Bank 19 Oneawa Street Kailua, HI 96734 Full Service B&M $59,486
    Territorial Savings Bank 275 West Kaahumanu Avenue, Suite 1045a Kahului, HI 96732 Full Service B&M $57,499
    Territorial Savings Bank 2752 Woodlawn Drive No. 5-110 Honolulu, HI 96822 Full Service B&M $63,858
    Territorial Savings Bank 315 Makaala Street, Suite 102 Hilo, HI 96720 Full Service B&M $86,276
    Territorial Savings Bank 377 Keahole Street Honolulu, HI 96825 Full Service B&M $63,732
    Territorial Savings Bank 4393 Kukui Grove Street, Suite 103 Lihue, HI 96766 Full Service B&M $15,074
    Territorial Savings Bank 46-005 Kawa Street, Suite 102 Kaneohe, HI 96744 Full Service B&M $86,084
    Territorial Savings Bank 480 Kamokila Boulevard, Suite 105 Kapolei, HI 96709 Full Service B&M $16,094
    Territorial Savings Bank 4819 Kilauea Avenue, Suite 4 Honolulu, HI 96816 Full Service B&M $70,537
    Territorial Savings Bank 735 Keeaumoku Street, Suite 108 Honolulu, HI 96814 Full Service B&M $58,266
    Territorial Savings Bank 75-1027 Henry Street, #111b Kailua-Kona, HI 96740 Full Service B&M $27,569
    Territorial Savings Bank 820 W Hind Drive, Suite 118 Honolulu, HI 96821 Full Service B&M $43,384
    Territorial Savings Bank 848 Ala Lilikoi Street, Suite 107 Honolulu, HI 96818 Full Service B&M $57,145
    Territorial Savings Bank 850 Kamehameha Highway, Suite B2 Pearl City, HI 96782 Full Service B&M $32,339
    Territorial Savings Bank 94-050 Farrington Hwy Waipahu, HI 96797 Full Service B&M $49,803
    Territorial Savings Bank 94-1221 Ka Uka Boulevard, Suite 102 Waipahu, HI 96797 Full Service B&M $20,461
    Territorial Savings Bank 95-1249 Meheula Parkway, Suite 168 Mililani, HI 96789 Full Service B&M $38,655
    Territorial Savings Bank 98-084 Kamehameha Highway Aiea, HI 96701 Full Service B&M $59,340

    For 2020, Territorial Savings Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,834
    Net interest income $57,624
    Total noninterest income $5,411
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $546
    Trading account gains and fees $0
    Additional Noninterest Income $4,865
    Pre-tax net operating income $24,743
    Securities gains (or losses, -) $1,320
    Income before extraordinary items $19,131
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,131
    Minority interest net income $0
    Net income $19,131
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,088

    Territorial Savings Bank's gross interest income from loans was $69,834,000.
    Territorial Savings Bank's net interest income from loans was $57,624,000.
    Territorial Savings Bank's fee based income from loans was $546,000.
    Territorial Savings Bank's net income from loans was $19,131,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,210
    Provision for credit losses $1,625
    Total noninterest expense $36,667
    Salaries and employee benefits $21,244
    Premises and equipment expense $8,681
    Additional noninterest expense $6,742
    Applicable income taxes $6,932
    Net charge-offs $75
    Cash dividends $8,000

    Territorial Savings Bank's interest expense for loans was $12,210,000.
    Territorial Savings Bank's payroll and benefits expense were $21,244,000.
    Territorial Savings Bank's property, plant and equipment expenses $8,681,000.

    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 $1,696,100
    Deposits held in domestic offices $1,696,100
    Deposits by Individuals, partnerships, and corporations $1,563,372
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $128,346
    Deposits by Commercial banks and other depository institutions in U.S. $4,382
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $378,849
    Demand deposits $102,269
    Nontransaction accounts $1,317,251
    Money market deposit accounts (MMDAs) $7,749
    Other savings deposits (excluding MMDAs) $987,723
    Total time deposits $321,778
    Total time and savings deposits $1,593,831
    Noninterest-bearing deposits $84,913
    Interest-bearing deposits $1,611,187
    Retail deposits $1,523,941
    IRAs and Keogh plan accounts $34,776
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,110,728
    Cash & Balances due from depository institutions $363,567
    Interest-bearing balances $349,188
    Total securities $251,204
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,409,228
    Loan and leases loss allowance $4,262
    Trading account assets $0
    Bank premises and fixed assets $16,985
    Other real estate owned $0
    Goodwill and other intangibles $407
    All other assets $69,337

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,110,728
    Total Liabilities $1,880,162
    Total deposits $1,696,100
    Interest-bearing deposits $1,611,187
    Deposits held in domestic offices $1,696,100
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $10,000
    Trading liabilities $0
    Other borrowed funds $154,119
    Subordinated debt $0
    All other liabilities $19,943

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,409,228
    Loan and leases loss allowance $4,262
    Total loans and leases (domestic) $1,413,490
    All real estate loans $1,404,435
    Real estate loans in domestic offices $1,404,435
    Construction and development loans $8,265
    Residential 1-4 family construction $5,716
    Other construction, all land development and other land $2,549
    Loans secured by nonfarm nonresidential properties $10,809
    Nonfarm nonresidential secured by owner-occupied properties $6,848
    Commercial real estate & other non-farm, non-residential $3,961
    Multifamily residential real estate $7,245
    1-4 family residential loans $1,378,116
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,668
    To non-U.S. addressees $0
    Loans to individuals $639
    Credit card loans $0
    Related Plans $331
    Consumer Auto Loans $0
    Other loans to individuals $308
    All other loans & leases $15
    Loans to foreign governments and official institutions $0
    Other loans $15
    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 $32,933
    Restructured Loans & leases $566
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Territorial Savings Bank had $1,409,228,000 of loans outstanding in 2020. $1,404,435,000 of loans were in real estate loans. $8,265,000 of loans were in development loans. $7,245,000 of loans were in multifamily mortgage loans. $1,378,116,000 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 $2,694 $299,333
    Nonfarm, nonresidential loans - $100-250k 1 $93 $93,000
    Nonfarm, nonresidential loans - $250k-1MM 8 $2,601 $325,125
    Commercial & Industrial, US addressed loans - <$1MM 48 $4,755 $99,063
    Commercial & Industrial, US addressed loans - <$100k 24 $480 $20,000
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,130 $102,727
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $3,145 $241,923