Territorial Bancorp Management
Management criteria checks 3/4
Territorial Bancorp's CEO is Allan Kitagawa, appointed in Jan 1986, has a tenure of 38.33 years. total yearly compensation is $1.32M, comprised of 64.5% salary and 35.5% bonuses, including company stock and options. directly owns 2.88% of the company’s shares, worth $1.86M. The average tenure of the management team and the board of directors is 27.8 years and 11.5 years respectively.
Key information
Allan Kitagawa
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 64.5% |
| CEO tenure | 38.3yrs |
| CEO ownership | 2.9% |
| Management average tenure | 27.8yrs |
| Board average tenure | 11.5yrs |
Recent management updates
Recent updates
Territorial Bancorp's (NASDAQ:TBNK) Shareholders Will Receive A Smaller Dividend Than Last Year
Nov 05
Territorial Bancorp (NASDAQ:TBNK) Is Paying Out A Dividend Of $0.23
May 02Territorial Bancorp (NASDAQ:TBNK) Will Pay A Dividend Of $0.10
Dec 13Territorial Bancorp's (NASDAQ:TBNK) Dividend Will Be $0.23
Nov 01Territorial Bancorp (NASDAQ:TBNK) Is Paying Out A Dividend Of $0.23
Aug 04Territorial Bancorp declares $0.23 dividend
Jul 28Territorial Bancorp's (NASDAQ:TBNK) Dividend Will Be US$0.23
May 08Territorial Bancorp (NASDAQ:TBNK) Has Announced A Dividend Of US$0.23
Feb 01Territorial Bancorp: Higher Interest Rates Might Squeeze Earnings
Dec 03Territorial Bancorp (NASDAQ:TBNK) Will Pay A Dividend Of US$0.23
Nov 02Territorial Bancorp (NASDAQ:TBNK) Is Due To Pay A Dividend Of US$0.23
Aug 03Territorial Bancorp Inc.'s (NASDAQ:TBNK) CEO Compensation Is Looking A Bit Stretched At The Moment
May 07Is Territorial Bancorp Inc.'s (NASDAQ:TBNK) 3.9% Dividend Worth Your Time?
Mar 08Should You Buy Territorial Bancorp Inc. (NASDAQ:TBNK) For Its Upcoming Dividend?
Feb 05
Is Territorial Bancorp Inc. (NASDAQ:TBNK) Popular Amongst Insiders?
Jan 28Should You Buy Territorial Bancorp Inc. (NASDAQ:TBNK) For Its Upcoming Dividend?
Jan 01Territorial Bancorp declares $0.10 dividend
Dec 23How Is Territorial Bancorp's (NASDAQ:TBNK) CEO Compensated?
Dec 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$1m | n/a | US$5m |
| Sep 30 2023 | n/a | n/a | US$8m |
| Jun 30 2023 | n/a | n/a | US$11m |
| Mar 31 2023 | n/a | n/a | US$14m |
| Dec 31 2022 | US$2m | US$851k | US$16m |
| Sep 30 2022 | n/a | n/a | US$17m |
| Jun 30 2022 | n/a | n/a | US$17m |
| Mar 31 2022 | n/a | n/a | US$17m |
| Dec 31 2021 | US$2m | US$851k | US$17m |
| Sep 30 2021 | n/a | n/a | US$19m |
| Jun 30 2021 | n/a | n/a | US$19m |
| Mar 31 2021 | n/a | n/a | US$19m |
| Dec 31 2020 | US$2m | US$851k | US$19m |
| Sep 30 2020 | n/a | n/a | US$18m |
| Jun 30 2020 | n/a | n/a | US$19m |
| Mar 31 2020 | n/a | n/a | US$20m |
| Dec 31 2019 | US$2m | US$851k | US$22m |
| Sep 30 2019 | n/a | n/a | US$21m |
| Jun 30 2019 | n/a | n/a | US$21m |
| Mar 31 2019 | n/a | n/a | US$21m |
| Dec 31 2018 | US$2m | US$851k | US$19m |
| Sep 30 2018 | n/a | n/a | US$17m |
| Jun 30 2018 | n/a | n/a | US$16m |
| Mar 31 2018 | n/a | n/a | US$15m |
| Dec 31 2017 | US$2m | US$851k | US$15m |
Compensation vs Market: Allan's total compensation ($USD1.32M) is above average for companies of similar size in the US market ($USD667.63K).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
CEO
Allan Kitagawa (78 yo)
38.3yrs
Tenure
US$1,320,508
Compensation
Mr. Allan S. Kitagawa has been Chairman of the Board and Chief Executive Officer at Territorial BanCorp Inc. and Territorial Savings Bank since 1986 and has been its President since 2007. Mr. Kitagawa work...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 38.3yrs | US$1.32m | 2.88% $ 1.9m | |
| Vice Chairman | 17.3yrs | US$564.68k | 1.93% $ 1.2m | |
| Executive VP | 38.3yrs | US$272.00k | 0.49% $ 318.0k | |
| Vice Chairman & Co-COO | 17.3yrs | US$674.99k | 2.07% $ 1.3m | |
| Executive Vice President of Administration | 40.3yrs | no data | 0.53% $ 340.7k | |
| Senior VP & Director of Investor Relations | 15.3yrs | no data | no data | |
| Senior Vice President of Administrative | no data | no data | no data | |
| Senior Vice President of Business Development & Marketing | no data | no data | no data | |
| Executive Vice President of Finance | no data | no data | no data | |
| Senior Vice President of Electronic Banking Services | no data | no data | no data | |
| Senior Vice President of Banking Services and Support | no data | no data | no data | |
| Senior Vice President of Administrative | no data | no data | no data |
27.8yrs
Average Tenure
71yo
Average Age
Experienced Management: TBNK's management team is seasoned and experienced (27.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 38.3yrs | US$1.32m | 2.88% $ 1.9m | |
| Independent Director | 17.3yrs | US$43.87k | 0.40% $ 257.7k | |
| Independent Director | 26.3yrs | US$48.96k | 0.47% $ 303.5k | |
| Independent Director | 5.6yrs | US$40.81k | no data | |
| Independent Director | 4.7yrs | US$40.83k | 0.12% $ 75.3k | |
| Independent Director | 1.7yrs | US$40.81k | no data |
11.5yrs
Average Tenure
67.5yo
Average Age
Experienced Board: TBNK's board of directors are seasoned and experienced ( 11.5 years average tenure).