Territorial Savings Bank’s earnings were flat during the third quarter but loans jumped by double digits as the bank benefited from the strong Hawaii economy.

Parent company Territorial Bancorp Inc. reported Wednesday that net income rose 0.2 percent to $4.17 million, or 44 cents a share, to match analysts’ estimates. In the year-earlier period, the bank earned $4.16 million when its earnings per share also were 44 cents.

“We continue to perform well as Hawaii’s economy continues to prosper,” Territorial Chairman and CEO Allan Kitagawa said. “Deposits and our loan portfolio continue to grow and our asset quality remains excellent.”

The state’s fifth-largest bank, which generates more than 95 percent of its loans from residential mortgages, said loans receivable jumped 10.2 percent to $1.43 billion from $1.30 billion. Deposits rose 7.3 percent to $1.57 billion from $1.46 billion while assets grew 6.2 percent to $1.96 billion from $1.85 billion.

Last quarter the bank’s net interest income, the difference between the interest Territorial pays on deposits and the interest it receives on loans, was virtually flat at $14.6 million. Noninterest income, which includes service charges and fees, decreased 9.4 percent to $909,000 from $1 million in the year-earlier period.

Territorial’s stock rose 20 cents to $32.77 on Wednesday. The financial results were released after the market closed.