Territorial Savings fourth quarter profit $3 million - Hawaii News Now - KGMB and KHNL

Territorial Savings fourth quarter profit $3 million

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - Territorial Bancorp Inc., parent of Territorial Savings Bank, has reported a fourth quarter profit of $3.2 million, up from $3.0 million the year before.

Territorial said interest income rose, offsetting a small decline in non-interest income, and the institution set aside less cash for non-performing loans, as larger Hawaii banks have also reported doing.

Territorial has 26 branches, all on Oahu.

Copyright 2011 by HawaiiNewsNow. All rights reserved.

Powered by Frankly