SCHEDULE 14A INFORMATION

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Territorial Bancorp Inc.

 

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Allan Kitagawa

Chairman of the Board

Chief Executive Officer

LETTER TO SHAREHOLDERS

Dear Fellow Shareholders,

We had another solid year in 2015. Our annual meeting will be held on May 26^th and the following are some of the highlights for 2015:

Shareholder Returns Continue

In 2015, we paid $0.76 in total dividends, which included a special dividend of $0.10. An investment of $10.00 per share in our IPO would have been worth $27.74 per share at the end of 2015, or an increase of 177.4% and your annual dividend return for 2015 would be 7.6%.

2015 - Strong Financial Performance and Growth

 

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Earnings: $14.75 million, a 4.62% increase.

 

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Loan Growth: Increased by 80.0%.

 

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Total Assets: Increased to $1.82 billion, growing by 7.64%.

Exercise Your Right to Vote

In addition to mailing your ballot, you will be able to vote by telephone or by internet. Instructions are on your proxy ballot card. We encourage you to make your vote count.

AS EXPLAINED IN OUR 2016 PROXY STATEMENT, THE BOARD OF DIRECTORS STRONGLY RECOMMENDS THAT YOU VOTE FOR;

 

Proposal 1:		Election of Directors
Proposal 2:		Ratification of Independent Public Accounting Firm
Proposal 3:		Advisory Vote on Executive Compensation and;
Proposal 4:		Amend the 2010 Equity Incentive Plan

We appreciate your continuing support and we would like to hear from you with any thoughts and suggestions on how to better serve and communicate with you.

 

P.S. Our representative may be calling you to remind you to vote. The toll free number we will use is 888-742-1305. This is the number you will see if you have caller I.D.