We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Territorial Bancorp Inc | NASDAQ:TBNK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.41 | 7.15 | 9.00 | 0 | 09:05:29 |
☒ |
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
|
☐ |
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
|
2022
|
2021
|
||||
Assets:
|
|||||
Investments at fair value:
|
|||||
Mutual funds
|
$
|
23,923,424
|
$
|
29,820,797
|
|
Territorial Bancorp Inc. common stock
|
8,442,375
|
9,075,596
|
|||
Money market funds
|
293,912
|
339,107
|
|||
Total investments at fair value
|
32,659,711
|
39,235,500
|
|||
Investments at contract value:
|
|||||
Fixed annuity contract
|
4,704,478
|
3,398,433
|
|||
Total investments
|
37,364,189
|
42,633,933
|
|||
Notes receivable from participants
|
145,608
|
199,667
|
|||
Employer contributions receivable
|
64,030
|
66,111
|
|||
Total receivables
|
209,638
|
265,778
|
|||
Net assets available for benefits
|
$
|
37,573,827
|
$
|
42,899,711
|
|
See accompanying notes to financial statements.
|
2022
|
2021
|
||||
Additions to net assets attributed to:
|
|||||
Investment income:
|
|||||
Net (depreciation) appreciation of investments
|
$
|
(6,341,256)
|
$
|
2,556,117
|
|
Dividend and interest income
|
784,738
|
1,984,536
|
|||
Total investment (loss) income
|
(5,556,518)
|
4,540,653
|
|||
Interest income on notes receivable from participants
|
7,712
|
8,612
|
|||
Total interest income
|
7,712
|
8,612
|
|||
Contributions:
|
|||||
Participants
|
1,504,513
|
1,717,349
|
|||
Employer matching
|
64,030
|
66,111
|
|||
Rollover
|
41,457
|
91,841
|
|||
Total contributions
|
1,610,000
|
1,875,301
|
|||
Total (reduction) additions
|
(3,938,806)
|
6,424,566
|
|||
Deductions from net assets attributed to:
|
|||||
Benefits paid to participants
|
(1,373,611)
|
(3,115,701)
|
|||
Administrative expenses
|
(13,467)
|
(13,505)
|
|||
Total deductions
|
(1,387,078)
|
(3,129,206)
|
|||
Net (decrease) increase
|
(5,325,884)
|
3,295,360
|
|||
Net assets available for benefits:
|
|||||
Beginning of year
|
42,899,711
|
39,604,351
|
|||
End of year
|
$
|
37,573,827
|
$
|
42,899,711
|
|
See accompanying notes to financial statements.
|
(1)
|
Plan Description
|
(a)
|
Eligibility
|
(b)
|
Participant Contributions
|
(c)
|
Employer Matching Contributions
|
(d)
|
Employer Discretionary Contributions
|
(e)
|
Participants’ Accounts
|
(f)
|
Benefits Paid to Participants
|
(g)
|
Vesting
|
(h)
|
Notes Receivable from Participants
|
(i)
|
Termination
|
(2)
|
Summary of Significant Accounting Policies
|
(a)
|
Basis of Accounting
|
(b)
|
Investment Valuation and Income Recognition
|
(c)
|
Notes Receivable from Participants
|
(d)
|
Payment of Benefits
|
(e)
|
Expenses
|
(f)
|
Use of Estimates
|
(g)
|
Risks and Uncertainties
|
(h)
|
Subsequent Events
|
(3)
|
Tax Status
|
(4)
|
Lincoln Financial Group Stable Value Account
|
(5)
|
Fair Value Measurements
|
•
|
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Plan has the ability to access at the measurement date.
|
•
|
Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
|
•
|
Level 3 inputs are unobservable inputs for the asset or liability.
|
Fair value of measurements
at reporting date using
|
||||||||||||||
Quoted prices in active markets for identical assets
|
Significant other observable inputs
|
Significant unobservable inputs
|
||||||||||||
Total
|
(Level 1)
|
(Level 2)
|
(Level 3)
|
|||||||||||
December 31, 2022:
|
||||||||||||||
Investments at fair value:
|
||||||||||||||
Money market funds
|
$
|
293,912
|
$
|
293,912
|
—
|
—
|
||||||||
Mutual Funds
|
23,923,424
|
23,923,424
|
—
|
—
|
||||||||||
Common Stock
|
8,442,375
|
8,442,375
|
—
|
—
|
||||||||||
Total investments in the fair value hierarchy
|
$
|
32,659,711
|
$
|
32,659,711
|
—
|
—
|
||||||||
December 31, 2021:
|
||||||||||||||
Investments at fair value:
|
||||||||||||||
Money market funds
|
$
|
339,107
|
$
|
339,107
|
—
|
—
|
||||||||
Mutual Funds
|
29,820,797
|
29,820,797
|
—
|
—
|
||||||||||
Common Stock
|
9,075,596
|
9,075,596
|
—
|
—
|
||||||||||
Total investments in the fair value hierarchy
|
$
|
39,235,500
|
$
|
39,235,500
|
—
|
—
|
(6)
|
Party-In-Interest Transactions
|
(a)
|
(b)
Identity of issue, borrower, lessor, or similar party
|
(c)
Description of investment, including maturity dates, rate of interest, collateral, par or maturity value
|
(d)
Cost
|
(e)
Current value
|
||||
*
|
Wilmington Prime Money Market Fund
|
Money Market Fund, 293,912
shares
|
**
|
$
|
293,912
|
|||
Vanguard Windsor II Fund Admiral Shares
|
Mutual fund, 40,203 shares
|
**
|
2,659,421
|
|||||
Vanguard 500 Index Fund Admiral Shares
|
Mutual fund, 7,232 shares
|
**
|
2,560,783
|
|||||
Vanguard Target Retirement 2020 Fund
|
Mutual fund, 92,310 shares
|
**
|
2,340,989
|
|||||
Vanguard LifeStrategy Conservative Growth Fund
|
Mutual fund, 121,826 shares
|
**
|
2,324,438
|
|||||
Vanguard LifeStrategy Moderate Growth Fund
|
Mutual fund, 76,286 shares
|
**
|
2,093,299
|
|||||
Vanguard Growth Index Fund Admiral Shares
|
Mutual fund, 18,691 shares
|
**
|
2,050,750
|
|||||
Vanguard Small-Cap Index Fund Admiral Shares
|
Mutual fund, 22,482 shares
|
**
|
1,977,099
|
|||||
Vanguard International Growth Fund Admiral Shares
|
Mutual fund, 18,201 shares
|
**
|
1,645,341
|
|||||
Vanguard Target Retirement Income Fund
|
Mutual fund, 113,906 shares
|
**
|
1,394,215
|
|||||
Vanguard LifeStrategy Growth Fund
|
Mutual fund, 29,299 shares
|
**
|
1,055,660
|
|||||
Vanguard Target Retirement 2030 Fund
|
Mutual fund, 32,244 shares
|
**
|
1,011,482
|
|||||
Vanguard Total Bond Market Index Fund Admiral Shares
|
Mutual fund, 104,855 shares
|
**
|
994,025
|
|||||
Vanguard Target Retirement 2025 Fund
|
Mutual fund, 47,210 shares
|
**
|
787,467
|
|||||
Vanguard Target Retirement 2035 Fund
|
Mutual fund, 22,533 shares
|
**
|
436,007
|
|||||
Vanguard Target Retirement 2050 Fund
|
Mutual fund, 6,708 shares
|
**
|
253,561
|
|||||
Vanguard Target Retirement 2045 Fund
|
Mutual fund, 10,902 shares
|
**
|
248,779
|
|||||
Vanguard Target Retirement 2040 Fund
|
Mutual fund, 2,650 shares
|
**
|
90,108
|
|||||
Total mutual funds
|
23,923,424
|
|||||||
*
|
Territorial Bancorp Inc.
|
Common Stock, 351,860 shares
|
**
|
8,442,375
|
||||
*
|
Participant loans
|
Loans, with interest rates from 4.25% to 7.25%, maturing through 2033
|
145,608
|
|||||
Lincoln Financial Group Stable Value Account
|
Fixed annuity contract
|
**
|
4,704,478
|
|||||
$
|
37,509,797
|
Territorial Savings Bank 401(k) Plan
|
||
Date: June 29, 2023
|
By:
|
/s/ Karen J. Cox |
Karen J. Cox
|
||
ExecutiveVice President
|
1 Year Territorial Bancorp Chart |
1 Month Territorial Bancorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions