Hawaii - Fourth Quarter 2007
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q4-07
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Q3-07
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Q4-06
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2006
|
2005
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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0.4%
|
0.5%
|
2.4%
|
2.6%
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3.1%
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|
Manufacturing (2%)
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-2.4%
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-1.9%
|
1.5%
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0.8%
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-1.4%
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|
Other (non-manufacturing) Goods-Producing (6%)
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4.0%
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6.0%
|
9.8%
|
9.3%
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13.6%
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Private Service-Producing (72%)
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0.4%
|
0.1%
|
1.7%
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2.4%
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3.6%
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Government (20%)
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-0.3%
|
0.3%
|
3.1%
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1.4%
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-0.4%
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Unemployment Rate (% of labor force)
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2.9%
|
2.7%
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2.3%
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2.5%
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2.7%
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Other Indicators
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Q4-07
|
Q3-07
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Q4-06
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2006
|
2005
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|
Single-Family Home Permits
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-41.0%
|
-17.1%
|
-12.8%
|
-19.2%
|
22.2%
|
|
Multifamily Building Permits
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-37.4%
|
-16.8%
|
-13.4%
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-19.7%
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-18.1%
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|
Home Price Index
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2.0%
|
2.7%
|
7.5%
|
15.6%
|
24.3%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.06
|
1.01
|
0.78
|
0.73
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3.46
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BANKING TRENDS
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General Information
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Institutions (#)
|
9
|
9
|
9
|
9
|
7
|
|
Total Assets (in millions)
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38,150
|
37,973
|
37,476
|
37,476
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36,239
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New Institutions (# < 3 years)
|
2
|
2
|
2
|
2
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0
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Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
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|
|
|
|
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Asset Quality
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
0.41
|
0.62
|
0.18
|
0.18
|
0.22
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|
ALLL/Total Loans (median %)
|
1.38
|
1.26
|
1.35
|
1.35
|
1.47
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|
ALLL/Noncurrent Loans (median multiple)
|
7.08
|
6.76
|
9.62
|
9.62
|
11.07
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Net Loan Losses / Total Loans (median %)
|
0.33
|
0.01
|
0.02
|
0.01
|
0.05
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|
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Capital / Earnings
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
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|
Tier 1 Leverage (median %)
|
9.62
|
9.71
|
9.77
|
9.77
|
8.11
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Return on Assets (median %)
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0.86
|
0.69
|
0.87
|
0.82
|
1.13
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Pretax Return on Assets (median %)
|
1.29
|
1.06
|
1.30
|
1.31
|
1.82
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Net Interest Margin (median %)
|
3.68
|
4.18
|
3.92
|
3.29
|
4.34
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Yield on Earning Assets (median %)
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6.87
|
6.67
|
6.49
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6.19
|
5.66
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Cost of Funding Earning Assets (median %)
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2.64
|
2.70
|
2.54
|
2.06
|
1.42
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Provisions to Avg. Assets (median %)
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0.19
|
0.15
|
0.08
|
0.03
|
0.00
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Noninterest Income to Avg. Assets (median %)
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0.91
|
0.82
|
0.78
|
0.78
|
0.79
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Overhead to Avg. Assets (median %)
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2.40
|
2.55
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2.76
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2.52
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2.41
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Liquidity / Sensitivity
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Q4-07
|
Q3-07
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Q4-06
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2006
|
2005
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Loans to Assets (median %)
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63.1
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61.2
|
56.0
|
56.0
|
60.4
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Noncore Funding to Assets (median %)
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26.9
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27.2
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26.1
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26.1
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29.7
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Long-term Assets to Assets (median %, call filers)
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20.1
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17.9
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18.1
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18.1
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21.0
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Brokered Deposits (number of institutions)
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4
|
4
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5
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5
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3
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Brokered Deposits to Assets (median % for those above)
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2.8
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3.4
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0.2
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0.2
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0.2
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Loan Concentrations (median % of Tier 1 Capital)
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Q4-07
|
Q3-07
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Q4-06
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2006
|
2005
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Commercial and Industrial
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89.6
|
87.7
|
89.3
|
89.3
|
111.1
|
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Commercial Real Estate
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208.7
|
158.6
|
111.0
|
111.0
|
112.5
|
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Construction & Development
|
42.5
|
48.8
|
38.8
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38.8
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36.3
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Multifamily Residential Real Estate
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37.3
|
25.6
|
8.7
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8.7
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13.3
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Nonresidential Real Estate
|
124.8
|
109.5
|
66.0
|
66.0
|
70.2
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Residential Real Estate
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185.1
|
164.8
|
154.8
|
154.8
|
182.5
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Consumer
|
17.0
|
25.7
|
21.6
|
21.6
|
21.4
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Agriculture
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0.4
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0.4
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0.1
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0.1
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0.6
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BANKING PROFILE
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