Hawaii - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
0.4%
|
2.1%
|
1.1%
|
2.6%
|
|
Manufacturing (2%)
|
-1.3%
|
-2.4%
|
1.5%
|
-0.6%
|
0.8%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
4.7%
|
4.0%
|
9.0%
|
6.8%
|
9.3%
|
|
Private Service-Producing (72%)
|
0.6%
|
0.4%
|
1.5%
|
0.8%
|
2.4%
|
|
Government (20%)
|
1.1%
|
-0.3%
|
2.4%
|
0.6%
|
1.4%
|
|
Unemployment Rate (% of labor force)
|
3.1%
|
2.9%
|
2.4%
|
2.7%
|
2.5%
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| |
|
|
|
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-45.8%
|
-41.0%
|
-18.4%
|
-19.5%
|
-19.2%
|
|
Multifamily Building Permits
|
-62.9%
|
-37.4%
|
31.0%
|
15.3%
|
-19.7%
|
|
Home Price Index
|
-0.3%
|
2.1%
|
4.7%
|
3.3%
|
15.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.26
|
1.08
|
0.99
|
1.04
|
0.74
|
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|
|
|
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
9
|
9
|
9
|
9
|
9
|
|
Total Assets (in millions)
|
38,953
|
38,102
|
37,674
|
38,102
|
37,476
|
|
New Institutions (# < 3 years)
|
2
|
2
|
2
|
2
|
2
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
0.78
|
0.41
|
0.20
|
0.41
|
0.18
|
|
ALLL/Total Loans (median %)
|
1.38
|
1.38
|
1.29
|
1.38
|
1.35
|
|
ALLL/Noncurrent Loans (median multiple)
|
4.52
|
7.08
|
12.74
|
7.08
|
9.62
|
|
Net Loan Losses / Total Loans (median %)
|
0.14
|
0.33
|
0.00
|
0.17
|
0.01
|
| |
|
|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.58
|
9.57
|
9.39
|
9.57
|
9.77
|
|
Return on Assets (median %)
|
0.70
|
0.86
|
0.68
|
0.61
|
0.82
|
|
Pretax Return on Assets (median %)
|
1.10
|
1.29
|
1.09
|
0.89
|
1.31
|
|
Net Interest Margin (median %)
|
3.73
|
3.68
|
3.93
|
3.90
|
3.29
|
|
Yield on Earning Assets (median %)
|
6.12
|
6.87
|
6.57
|
6.62
|
6.19
|
|
Cost of Funding Earning Assets (median %)
|
2.35
|
2.64
|
2.58
|
2.64
|
2.06
|
|
Provisions to Avg. Assets (median %)
|
0.31
|
0.19
|
0.10
|
0.15
|
0.03
|
|
Noninterest Income to Avg. Assets (median %)
|
0.80
|
0.91
|
0.79
|
0.84
|
0.78
|
|
Overhead to Avg. Assets (median %)
|
2.58
|
3.61
|
2.73
|
3.08
|
2.52
|
| |
|
|
|
|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
69.5
|
63.1
|
56.2
|
63.1
|
56.0
|
|
Noncore Funding to Assets (median %)
|
27.5
|
26.9
|
25.2
|
26.9
|
26.1
|
|
Long-term Assets to Assets (median %, call filers)
|
21.3
|
20.1
|
17.5
|
20.1
|
18.1
|
|
Brokered Deposits (number of institutions)
|
4
|
4
|
5
|
4
|
5
|
|
Brokered Deposits to Assets (median % for those above)
|
2.8
|
2.8
|
1.1
|
2.8
|
0.2
|
| |
|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
95.7
|
89.6
|
95.4
|
89.6
|
89.3
|
|
Commercial Real Estate
|
247.0
|
208.4
|
109.6
|
208.4
|
111.0
|
|
Construction & Development
|
39.2
|
42.5
|
34.7
|
42.5
|
38.8
|
|
Multifamily Residential Real Estate
|
37.0
|
37.3
|
10.6
|
37.3
|
8.7
|
|
Nonresidential Real Estate
|
133.1
|
124.8
|
63.4
|
124.8
|
66.0
|
|
Residential Real Estate
|
192.5
|
185.1
|
146.8
|
185.1
|
154.8
|
|
Consumer
|
16.8
|
17.0
|
19.9
|
17.0
|
21.6
|
|
Agriculture
|
0.4
|
0.4
|
0.4
|
0.4
|
0.1
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BANKING PROFILE
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