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 Cash Out Refi, Refi, and Home Purchase 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

    684

    Origination Dollar Volume (All Markets)

    $353,470,000

    Employee count

    266

    Awards

    Territorial Savings Bank 30 Year Conventional Loans silver Territorial Savings Bank 30 Year Conventional Loans silver Territorial Savings Bank 30 Year Conventional Loans gold
    Show all (3) 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) 661 $344,745,000 $521,551 $11,038 2.78%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 12 $5,000,000 $416,667 $10,021 2.83%
    Hilo, HI (FHA|USDA|VA) 7 $2,145,000 $306,429 $7,225 2.71%
    Kapaa, HI (FHA|USDA|VA) 4 $1,580,000 $395,000 $10,151 2.78%
    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.

    HONOLULU
    Similarity Rank: 53
    ALOHA PACIFIC
    Similarity Rank: 140
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    HAWAIIAN FINANCIAL
    Similarity Rank: 212
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 315
    American Mortgage and Insurance Inc.
    Similarity Rank: 520
    Territorial Savings Bank
    Similarity Rank: 532
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 664
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 676
    COMPASS HOME LOANS, LLC
    Similarity Rank: 704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 684 $353,470,000 $516,769 $10,976 2.78%

    For 2021, Territorial Savings Bank's most frequently originated type of loan was Conventional, with 684 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 281 $154,345,000 $549,270 $11,448 2.77%
    Refi 254 $111,740,000 $439,921 $9,252 2.75%
    Home Purchase 142 $83,970,000 $591,338 $12,719 2.87%
    Home Improvement 7 $3,415,000 $487,857 $12,500 2.73%

    For 2021, Territorial Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 281 originations. The 2nd most popular reason was Refi, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 637 $338,125,000 $530,808 $11,208 2.83%
    15 Year 42 $12,470,000 $296,905 $7,632 2.17%
    20 Year 2 $800,000 $400,000 $12,788 2.50%
    Other 2 $970,000 $485,000 $7,369 2.69%
    10 Year 1 $1,105,000 $1,105,000 $0 3.00%

    For 2021, Territorial Savings Bank's most frequently cited loan duration was 30 Year, with 637 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 398 $235,090,000 $590,678
    $4k-5k 66 $25,360,000 $384,242
    $3k-4k 55 $20,825,000 $378,636
    $2k-3k 54 $18,500,000 $342,593
    $1k-2k 24 $12,590,000 $524,583
    $<1k 8 $4,060,000 $507,500

    Territorial Savings Bank's average total fees were $11,208, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 398 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 493 $265,025,000 $537,576
    <2.5% 100 $37,060,000 $370,600
    3-4% 91 $51,385,000 $564,670

    During 2021, Territorial Savings Bank's average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 493 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 228 $68,450,000 $300,219 $7,844 2.76%
    $400k-600k 192 $93,870,000 $488,906 $11,181 2.76%
    $600k-1MM 154 $115,370,000 $749,156 $14,505 2.82%
    $100k-200k 52 $8,330,000 $160,192 $5,456 2.69%
    $1MM+ 51 $66,885,000 $1,311,471 $18,863 2.98%
    $100,000 or less 7 $565,000 $80,714 $3,494 2.71%

    2021 saw Territorial Savings Bank place emphasis on $200k-400k loans with 228 originations, totaling $68,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 175 $85,345,000 $487,686 $11,236 2.77%
    $150k-250k 156 $100,410,000 $643,654 $12,775 2.80%
    $50k-75k 113 $35,705,000 $315,973 $8,239 2.75%
    $75k-100k 106 $43,440,000 $409,811 $9,810 2.70%
    $250k+ 80 $71,310,000 $891,375 $15,144 2.90%
    $50k or less 47 $12,005,000 $255,426 $7,009 2.78%

    Territorial Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 175 originations. The second most popular income band? $150k-250k, with 156 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $86,855,000 $513,935 $11,121 2.75%
    30-36% 121 $62,025,000 $512,603 $11,075 2.80%
    <20% 74 $39,490,000 $533,649 $9,137 2.79%
    44% 54 $26,690,000 $494,259 $11,277 2.84%
    42% 37 $20,595,000 $556,622 $11,550 2.80%
    37% 35 $16,505,000 $471,571 $11,464 2.80%
    36% 30 $18,280,000 $609,333 $12,000 2.78%
    41% 28 $14,780,000 $527,857 $10,326 2.89%
    40% 28 $14,830,000 $529,643 $10,859 2.78%
    43% 28 $11,680,000 $417,143 $9,765 2.91%
    39% 27 $13,895,000 $514,630 $12,347 2.78%
    38% 23 $12,955,000 $563,261 $11,091 2.77%
    46% 8 $2,840,000 $355,000 $10,592 2.45%
    49% 7 $3,425,000 $489,286 $9,386 2.50%
    48% 6 $2,800,000 $466,667 $12,011 2.44%
    45% 4 $2,930,000 $732,500 $13,502 2.63%
    47% 3 $1,585,000 $528,333 $15,153 2.58%

    Territorial Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 485 $248,355,000 $512,072 $11,054 2.78%
    White 99 $56,625,000 $571,970 $11,056 2.81%
    Not provided 70 $34,290,000 $489,857 $10,372 2.77%
    Native Hawaiian or Islander 16 $8,080,000 $505,000 $11,009 2.85%
    American Indian 5 $2,625,000 $525,000 $12,661 2.60%
    Chinese 3 $785,000 $261,667 $7,035 2.67%
    Japanese 2 $740,000 $370,000 $7,327 2.44%
    Korean 1 $705,000 $705,000 $16,947 2.75%
    Filipino 1 $605,000 $605,000 $12,636 2.75%
    Asian Indian 1 $335,000 $335,000 $10,386 2.63%
    Not applicable 1 $325,000 $325,000 $0 3.13%

    Approval Rates

    Total approvals of all applications
    94.10%

    Territorial Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.74%

    Territorial Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 684 $353,470,000 $516,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    684 $353,470,000 $516,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 125 $45,815,000 $366,520 $8,222 2.72%
    40-60% 227 $113,235,000 $498,833 $10,839 2.77%
    60-80% 268 $166,390,000 $620,858 $12,583 2.83%
    80-100% 48 $24,970,000 $520,208 $11,484 2.81%
    Under 20% 16 $3,060,000 $191,250 $6,235 2.63%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Territorial Savings Bank 1000 Bishop Street Honolulu, HI 96813 Full Service B&M $216,292
    Territorial Savings Bank 1016 Kapahulu Avenue, Suite 130 Honolulu, HI 96816 Full Service B&M $37,281
    Territorial Savings Bank 1108 12th Avenue, Suite C Honolulu, HI 96816 Full Service B&M $43,658
    Territorial Savings Bank 1111 Mccully Street Honolulu, HI 96826 Full Service B&M $48,497
    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 $43,724
    Territorial Savings Bank 1199 Dillingham Boulevard Honolulu, HI 96817 Full Service B&M $17,414
    Territorial Savings Bank 1279 S Kihei Rd Ste 311 Kihei, HI 96753 Full Service B&M $17,084
    Territorial Savings Bank 1450 Ala Moana Blvd, Suite 1052 Honolulu, HI 96814 Full Service B&M $115,897
    Territorial Savings Bank 1613 Nuuanu Avenue, Suite A15 Honolulu, HI 96817 Full Service B&M $121,476
    Territorial Savings Bank 1620 North School Street, Suite 136 Honolulu, HI 96817 Full Service B&M $20,558
    Territorial Savings Bank 170 Papalaua Street, Unit 3 Lahaina, HI 96761 Full Service B&M $41,573
    Territorial Savings Bank 19 Oneawa Street Kailua, HI 96734 Full Service B&M $62,742
    Territorial Savings Bank 275 West Kaahumanu Avenue, Suite 1045a Kahului, HI 96732 Full Service B&M $63,151
    Territorial Savings Bank 2752 Woodlawn Drive No. 5-110 Honolulu, HI 96822 Full Service B&M $65,606
    Territorial Savings Bank 315 Makaala Street, Suite 102 Hilo, HI 96720 Full Service B&M $103,667
    Territorial Savings Bank 377 Keahole Street Honolulu, HI 96825 Full Service B&M $68,119
    Territorial Savings Bank 4210 Waialae Ave Ste 106 Honolulu, HI 96816 Full Service B&M $77,152
    Territorial Savings Bank 4393 Kukui Grove Street, Suite 103 Lihue, HI 96766 Full Service B&M $14,973
    Territorial Savings Bank 46-005 Kawa Street, Suite 102 Kaneohe, HI 96744 Full Service B&M $88,752
    Territorial Savings Bank 480 Kamokila Boulevard, Suite 105 Kapolei, HI 96709 Full Service B&M $16,869
    Territorial Savings Bank 735 Keeaumoku Street, Suite 108 Honolulu, HI 96814 Full Service B&M $66,994
    Territorial Savings Bank 75-1027 Henry Street, #111b Kailua-Kona, HI 96740 Full Service B&M $31,885
    Territorial Savings Bank 820 W Hind Drive, Suite 118 Honolulu, HI 96821 Full Service B&M $50,962
    Territorial Savings Bank 848 Ala Lilikoi Street, Suite 107 Honolulu, HI 96818 Full Service B&M $60,576
    Territorial Savings Bank 850 Kamehameha Highway, Suite B2 Pearl City, HI 96782 Full Service B&M $32,221
    Territorial Savings Bank 94-050 Farrington Hwy Waipahu, HI 96797 Full Service B&M $54,748
    Territorial Savings Bank 94-1221 Ka Uka Boulevard, Suite 102 Waipahu, HI 96797 Full Service B&M $21,921
    Territorial Savings Bank 95-1249 Meheula Parkway, Suite 168 Mililani, HI 96789 Full Service B&M $38,528
    Territorial Savings Bank 98-084 Kamehameha Highway Aiea, HI 96701 Full Service B&M $62,394

    For 2021, Territorial Savings Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $60,402
    Net interest income $54,120
    Total noninterest income $4,568
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $531
    Trading account gains and fees $0
    Additional Noninterest Income $4,037
    Pre-tax net operating income $22,999
    Securities gains (or losses, -) $1,840
    Income before extraordinary items $18,177
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,177
    Minority interest net income $0
    Net income $18,177
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,723

    Territorial Savings Bank's gross interest income from loans was $60,402,000.
    Territorial Savings Bank's net interest income from loans was $54,120,000.
    Territorial Savings Bank's fee based income from loans was $531,000.
    Territorial Savings Bank's net income from loans was $18,177,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,282
    Provision for credit losses $-1,592
    Total noninterest expense $37,281
    Salaries and employee benefits $21,537
    Premises and equipment expense $8,633
    Additional noninterest expense $7,111
    Applicable income taxes $6,662
    Net charge-offs $1
    Cash dividends $22,000

    Territorial Savings Bank's interest expense for loans was $6,282,000.
    Territorial Savings Bank's payroll and benefits expense were $21,537,000.
    Territorial Savings Bank's property, plant and equipment expenses $8,633,000.

    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 4.0%
    Credit card loans 0.0%
    Other individual loans 4.0%
    Auto loans 0.0%
    Other consumer loans 4.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,720,891
    Deposits held in domestic offices $1,720,891
    Deposits by Individuals, partnerships, and corporations $1,637,726
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $83,011
    Deposits by Commercial banks and other depository institutions in U.S. $154
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $428,500
    Demand deposits $109,011
    Nontransaction accounts $1,292,391
    Money market deposit accounts (MMDAs) $5,368
    Other savings deposits (excluding MMDAs) $1,061,970
    Total time deposits $225,055
    Total time and savings deposits $1,611,880
    Noninterest-bearing deposits $83,910
    Interest-bearing deposits $1,636,981
    Retail deposits $1,611,534
    IRAs and Keogh plan accounts $31,962
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,130,608
    Cash & Balances due from depository institutions $99,901
    Interest-bearing balances $88,197
    Total securities $636,442
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,302,845
    Loan and leases loss allowance $2,669
    Trading account assets $0
    Bank premises and fixed assets $13,907
    Other real estate owned $0
    Goodwill and other intangibles $322
    All other assets $77,191

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,130,608
    Total Liabilities $1,900,347
    Total deposits $1,720,891
    Interest-bearing deposits $1,636,981
    Deposits held in domestic offices $1,720,891
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $10,000
    Trading liabilities $0
    Other borrowed funds $151,744
    Subordinated debt $0
    All other liabilities $17,712

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,302,845
    Loan and leases loss allowance $2,669
    Total loans and leases (domestic) $1,305,514
    All real estate loans $1,298,736
    Real estate loans in domestic offices $1,298,736
    Construction and development loans $9,615
    Residential 1-4 family construction $7,115
    Other construction, all land development and other land $2,500
    Loans secured by nonfarm nonresidential properties $8,975
    Nonfarm nonresidential secured by owner-occupied properties $5,694
    Commercial real estate & other non-farm, non-residential $3,281
    Multifamily residential real estate $5,468
    1-4 family residential loans $1,274,678
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,880
    To non-U.S. addressees $0
    Loans to individuals $578
    Credit card loans $0
    Related Plans $357
    Consumer Auto Loans $0
    Other loans to individuals $221
    All other loans & leases $12
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $25,758
    Restructured Loans & leases $552
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Territorial Savings Bank had $1,302,845,000 of loans outstanding in 2021. $1,298,736,000 of loans were in real estate loans. $9,615,000 of loans were in development loans. $5,468,000 of loans were in multifamily mortgage loans. $1,274,678,000 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 5 $1,086 $217,200
    Nonfarm, nonresidential loans - $250k-1MM 5 $1,086 $217,200
    Commercial & Industrial, US addressed loans - <$1MM 28 $3,024 $108,000
    Commercial & Industrial, US addressed loans - <$100k 10 $277 $27,700
    Commercial & Industrial, US addressed loans - $100-250k 8 $751 $93,875
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $1,996 $199,600