Territorial Bancorp Inc. announced unaudited consolidated earnings results for fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $15,087,000, net interest income of $13,532,000, income before income taxes of $5,884,000, net income of $3,454,000 or $0.37 per diluted share compared to the total interest and dividend income of $14,419,000, net interest income of $12,967,000, income before income taxes of $5,651,000, net income of $3,514,000 or $0.37 per diluted share for the same quarter a year ago. Return on average assets was 0.82% compared to 0.88% a year ago. Return on average equity was 6.3% compared to 6.55% a year ago. Book value per share was $21.81 compared to $21.11 a year ago.

For the year to date, the company reported total interest and dividend income of $59,615,000, net interest income of $53,497,000, income before income taxes of $23,006,000, net income of $14,097,000 or $1.51 per diluted share compared to the total interest and dividend income of $56,175,000, net interest income of $49,893,000, income before income taxes of $23,493,000, net income of $14,647,000 or $1.49 per diluted share for the same period a year ago.