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Territorial Bancorp Inc. PRESS RELEASE FOR IMMEDIATE RELEASE Contact : Walter Ida ( 808 ) 946-1400 • • • • Territorial Bancorp Inc. Announces Second Quarter 2021 Results Net income for the three months ended June 30 , 2021 was $ 4.06 million compared to $ 4.29 million for the three months ended June 30 , 2020 . Fully - diluted earnings per share for the three months ended June 30 , 2021 was $ 0.44 per share compared to $ 0.47 per share for the three months ended June 30 , 2020 . Fully - diluted earnings per share for the six months ended June 30 , 2021 was $ 0.99 per share compared to $ 0.94 per share for the six months ended June 30 , 2020. Earnings per share for the first six months of 2021 has risen by $ 0.05 per share , or 5.32 % . Board of Directors approved a quarterly cash dividend of $ 0.23 per share , representing Territorial Bancorp Inc.'s 46th consecutive quarterly dividend . Honolulu , Hawaii , July 29 , 2021 - Territorial Bancorp Inc. ( NASDAQ : TBNK ) ( the " Company " ) , headquartered in Honolulu , Hawaii , the holding company parent of Territorial Savings Bank , announced net income of $ 4.06 million , or $ 0.44 per diluted share , for the three months ended June 30 , 2021 . The Company also announced that its Board of Directors approved a quarterly cash dividend of $ 0.23 per share . The dividend is expected to be paid on August 26 , 2021 to stockholders of record as of August 12 , 2021 . Allan Kitagawa , Chairman and Chief Executive Officer , said , “ Hawaii's economy has improved as more visitors arrive in the state . Our balance sheet and asset quality remain strong and we are well- positioned to help our customers with their banking needs . We also continue to return capital to our shareholders by paying dividends and repurchasing shares . " Interest Income Net interest income decreased to $ 13.08 million for the three months ended June 30 , 2021 from $ 14.77 million for the three months ended June 30 , 2020. Total interest income was $ 14.76 million for the three months ended June 30 , 2021 compared to $ 18.00 million for the three months ended June 30 , 2020. The $ 3.24 million decrease in total interest income was primarily due to a $ 3.09 million decrease in interest earned on loans and a $ 216,000 decrease in interest income on investment securities . The decline in interest income on loans was due to a 26 basis point decrease in the average yield on loans receivable and a $ 228.84 million decrease in the average loan balance . The decrease in the average yield on loans occurred because of the payoff of higher yielding loans and the addition of new lower yielding loans to the loan portfolio . The decrease in the average loan